FIS API Blog
Oil was headed for its longest run of daily gains in 15 months after a drop in U.S. crude stockpiles added to signs that a market upended by coronavirus lockdowns and a producer price war is rebalancing. Futures in New York rose for a sixth day past $34 a barrel, the longest streak for the …
Continue reading “Oil Heads for Sixth Daily Advance After U.S. Stockpile Draws”
Iron ore futures in Singapore were steady Thursday amid heightened concern over supply of the steelmaking raw material and the flagging of new import rules by China. Prices could test $120/ton as global supply is failing to keep pace with resilient consumption, according to Morgans Financial Ltd. Brazil iron ore shipments had their slowest start …
Continue reading “Iron Ore Steady as Supply Concern, Import Rules Mulled”
China streamlined its inspection rules for iron ore imports amid increasing debate about whether the $43 billion trade between the two nations will be caught up in their escalating spat. While the Global Times — a tabloid run by the flagship newspaper of the Communist Party — said the simplification of rules is aimed at …
Continue reading “China Simplifies Iron Ore Import Rules Amid Australia Virus Spat”
Revenues of German shipping companies declined by 30 to 40 percent on average in March and April, according to a company survey published by the German Shipowners’ Association (VDR) on Tuesday. At the same time, 44 percent of shipping companies were already recording a “substantial impairment” of their liquidity, according to the survey among 50 …
Continue reading “German shipping industry heavily impacted by coronavirus pandemic”
Oil steadied after a four-day gain as investors weighed signs the market is rebalancing against what’s still a precarious economic outlook. Futures in New York for July delivery edged above $32 a barrel after the June contract closed at a 10-week high as it expired. Federal Reserve Chairman Jerome Powell warned Americans could start losing …
Continue reading “Oil Rally Stalls With Fed Warning Countering Production Cuts”
