FIS Fuel Oil Morning Report 29/06/2020

Good morning. Oil is lower today with the virus weighing on demand again. Cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand. Brent dropped 81 cents, or 2%, to $40.21 a barrel by 0653 GMT, while U.S. was at $37.74, down 75 cents, or …

Oil Through the Looking Glass 26/6/20

Russia goes full circle The global oil plunge started with increased output as Saudi Arabia and Russia locked horns over production cuts. Four months down the line and multiple cuts Russia have gone full circle with exports of its Urals crude oil grade set to drop significantly next month.   Asian Buying interest failing countered …