Author archives: Edward Hutton
Oil Through the Looking Glass 24/6/20
*API FYI, but WBU EIA* The American Petroleum Institute (API) has predicted that crude stocks rose by 1.7 mil bbls last week. This isn’t exactly the greatest news on the demand front, something which is sorely needed by producers to help drive up prices after such historic lows in April. That being said, they have …
FIS Fuel Oil Morning Report 24/06/2020
Good morning all. Brent crude was down 29 cents, or 0.7%, at $42.34 a barrel by 0335 GMT, while U.S. WTI crude futures fell 35 cents, or 0.9%, to $40.02 a barrel. The market has continued to come off recent highs after the API predicted a build of 1.7 million bbls for last week. It …
FIS LONDON COKING COAL MARKET REPORT
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
London Iron Ore Market Report
Fuel Oil Daily Evening Report
Capesize lead the way
Another strong day in the dry freight market with the Capesize index up 5.16% due to Chinese iron ore restocking and increased infrastructure spending. The index out outperformed the Baltic Dry Index which rose 3.79% after positive performances from the Panamax index at + 1.65% and Supramax Index + 0.77%. The continued upside moves …
Oil Through the Looking Glass 23/6/20
*Sell Navarro, Buy Trump* The age-old trader saying of buy the rumour and sell the fact has a new variation in the market today. This centre’s around the confusing events of the US President and his trade advisor Peter Navarro. Navarro told Fox News in an interview that the trade deal with China was ‘over’; …