Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 12/05/21

Iron Ore Market Update Market Commentary Iron ore futures surged past $230 in one of its most volatile days to date amid a broadening commodities boom. Industrial commodities and shipping costs are spiking as buyers hurry to secure raw materials with global industries from manufacturing to construction all gearing up again as the pandemic fades. …

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FIS Castaway Podcast – Episode 54 12/05/21

    FIS Castaway Podcast – Episode 54   Iron ore is at record highs, driven by insatiable domestic Chinese demand. So, we have renamed it IronCoin in honour of its meteoric rise from last year. Hear all about it and our usual freight and commodity markets on this week’s podcast.     Listen Below: …

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Morning Tanker Report 12-05-2021

News Headlines: Colonial Facing Pressure on Pipeline Restart (Bloomberg) Colonial Pipeline Co. told federal officials it will know by late Wednesday whether it’s safe to restart gasoline and diesel flows.     White House Explores Jones Act Waiver to Ship Fuel by Tanker (Bloomberg) The Biden administration took a first step toward waiving century-old U.S. …

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Fuel Oil Morning Report 12/05/21

U.S. West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013 GMT, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents, or 0.2%, to $68.70 a barrel, adding to a 23 cent gain on Tuesday.   API Crude -2.533M Cushing -1.209M Gasoline +5.640M …

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