Doubts Over OPEC Cuts Crude prices have dropped this morning due to the less optimistic picture among the OPEC+ oil cartel than we had yesterday. Russia and Saudi Arabia may have agreed to support each other on an extension to the cut agreement, masquerading as an oil version of the resolution to the film Step …
Author archives: Edward Hutton
Brent August 20 Morning Technical Comment – 240 Min
Supramax June 20 Morning Technical Comment – 240 Min
Panamax June 20 Morning Technical Comment – 240 Min
Capesize July 20 Morning Technical Comment – 240 Min
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
Capesize – Even Poor Summers give some Sunshine
2020 is taking the phrase annus horribilis to a new level for the Capesize 5tc market. The big sisters rarely have anything to celebrate in the first few months of the year, like a tourist spot emerging from lockdown, owners know that they to make hay when the sun is shining. Index values …
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Iron Ore Futures Consolidate on Supply Outlook
Dalian Iron ore futures have failed for a third day to break the high RMB 775 high that formed on the 01/06/20, bringing a halt to the previous 4-day rally after repeated warnings from financial institutions that the current supply tightness will ease in the later months of the year. Vale intend to …
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