Author archives: Edward Hutton

Oil Through the Looking Glass 15/6/20

Continuation of the Crude Slump The week losses have extended into the new week as new virus infections hit China, Japan and the United States. This raises concerns of people in the market on the return of normal demand that had previously raised sentiment at the easing of lockdown. In the US the cutting of …

Continue reading “Oil Through the Looking Glass 15/6/20”

Oil Through the Looking Glass 12/6/20

Resurgence of the Virus The virus is making a comeback in the United States as the number of infections rose past the 2 million mark. This has focused minds in the market on the worry of a second wave which is pushing oil contracts to their first weekly decline in seven weeks. Asian Gasoil Cracks …

Continue reading “Oil Through the Looking Glass 12/6/20”

Panamax futures remain buoyant on China soybean purchases

Panamax futures remained buoyant this week as China continued to buy US Soybeans, despite increased political tensions over Hong Kong. The Q4 futures rallied 5.5% on Wednesday as the world’s second largest economy was revealed as purchasing 10 cargoes of soybeans this month from the U.S. alone, according to Bloomberg. China needs beans and remains …

Continue reading “Panamax futures remain buoyant on China soybean purchases”