Morning Oil Note 1/7/20

Oil futures rose this morning after lower than expected crude inventories in the United States, and despite an increase in coronavirus cases lightly obfuscating a positive demand outlook. At 3.45 am GMT front-month Brent futures were up 48 cents (1.2%), to $41.75 a barrel. WTI was up 54 cents (1.4%), at $39.81 a barrel. According …

Oil Through the Looking Glass 30/6/20

*HSFO – The Comeback Kid* When the IMO 2020 regulation came into effect at the start of the year, people had previously predicted that the old grade HSFO would be in oversupply and collapse in price. What has actually come about is a story of great strength and versatility of the old grade fuel. HSFO …