Good morning all. Brent futures for October, which expire on Friday, rose 13 cents, or, 0.3% to $45.77 a barrel by 5:40 am GMT. The more active November Brent contract was up 10 cents at $46.26 per barrel. WTI futures rose 1 cent to $43.40 a barrel. Hurricane Laura, a Category 4 storm, continued …
Author archives: Chris Hudson
Evening Oil Report 26/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Castaway Podcast – Episode 22
Storm clouds are brewing in the US, but for now it’s all clear at the FIS offices where the team are joined by Richard Heath, Senior Manager of group Strategy at EEX, to discuss developments in the dry and container freight futures markets, together with our usual comment and analysis across FIS products Available …
Oil Through the Looking Glass 26/8/20
*Hurricane Laura worries shut Port Houston traffic, slow bunker trading Bunker trading has slowed as a result of the imminent landfall of hurricane Laura. The US coast guard has been put on alert as the inclement weather is expected to batter the region, making its way north. Sources are saying that the market is waiting …
Tanker News Update 26/8/20
*Houston we have a Problem With Hurricane season well underway, the Gulf of Mexico is under threat from a double hit, with both Marco and Laura over the weekend, having the potential to turn into a fully-fledged hurricane. Fortunately for Texas and Louisiana Marco didn’t reach the required 75mph wind speed to class as …
Ferts in Focus 26/8/20
*Urea markets cool ahead of MMTC tender This week saw intl urea markets drift lower as expectations of price levels in MMTC’s upcoming tender were scaled back due to Chinese export appetite. As a result, AG paper traded down to $260 for the October and November contracts and was offered into the mid $260s for …
Morning Oil Report 26/8/20
Good morning all. Brent rose 12 cents, or 0.3%, to $45.98 a barrel by 3:35 am GMT, while WTI remained steady at $43.35 a barrel. The back-to-back tropical storms Marco and Laura has seen upstream operators shut about 1.558 million b/d of oil, or 84.3% of offshore production, by August 25, according to latest …
Evening Oil Report 25/8/20
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Daily Agri-Freight Report 25/8/20
Click below link to view the Agri-freight report https://fisapp.com/wp-content/uploads/2020/08/Agri-Freight-Report-25.08.20.pdf For more information please contact FIS Agri freight Desk luisf@freightinvestor.com London +44 (0) 207 090 1120 Direct +44 (0) 7543223444
Oil Through the Looking Glass 25/8/20
*Gulf Coast Refineries Shut Ahead of Storm, Gasoline Soars As 82% of the Gulf of Mexico production is shut down due to the storms and hurricanes that are battering the coastline which equates to nearly 1 million barrels a day, the gasoline futures rallied on the news of the shutdown. The day ended with the …