At 10.50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 57 cents/b (0.79%) from the previous settle at $72/b, while the NYMEX July light sweet crude contract was down 51 cents/b (0.73%) at $69.83/b. The ICE Brent contract settled at $72.52/b on June 10, the highest in over a year after …
Author archives: Edward Hutton
FIS Morning Report Tanker FFA 11-06-21
News Headlines: OIL DAYBOOK EUROPE: OPEC+ Buffer Not All It Seems; IEA Report (Bloomberg) As oil demand roars back from the pandemic shock, the world may soon clamor for more crude from OPEC+. But the coalition doesn’t have all the barrels it’s advertising. On paper, the alliance will still have a gigantic 5.8 million barrels …
Fertilizer Financial Markets Commentary/Curves 10/06/21
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European Close 10/06/21
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Capesize & Panamax FFA Daily Report 10/06/21
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Supramax & Handysize FFA Daily Report 10/06/21
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Fuel Oil Daily Evening Report 10/06/21
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London Iron Ore Market Report 10/06/21
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Capesize Technical Report 10/06/21
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FIS Singapore Iron Ore Derivatives Report 10/06/21
Market Commentary Iron ore futures advanced on optimism that China’s steel output will stay elevated for the rest of the year. China’s steel demand is expected to ease off as the nation enters its rainy season. The latest rebar inventory data seemed to confirm that demand in China is slowing down. Rebar production was down …
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