Author archives: Edward Hutton

Conflicting Views on Iron Ore – Two Sides of the Fence

Conflicting Views on Iron Ore – Two Sides of the Fence Conflicting views in the Iron ore sector this morning with Citigroup calling for iron ore prices to fade to USD 70/ton as we approach May and seasonal weakness in China steel demand. The bank noted that the decline is taking longer than anticipated due …

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Historic Oil Output Cuts Give Boost to World’s Dirtiest Crudes

Historic Oil Output Cuts Give Boost to World’s Dirtiest Crudes (Bloomberg) — Heavier and more sulfurous oil is getting a price boost as production curbs by the OPEC+ alliance tighten the supply of what’s generally regarded as lower-quality crude. Abu Dhabi’s Upper Zakum, a grade with high sulfur content, is at the narrowest discount against …

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