Author archives: Edward Hutton

Capesize Technical Report (downside moves should be considered as countertrend) 05/10/21

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RE: FIS Morning Report Tanker FFA 05-10-21

News Headlines: OIL DAYBOOK EUROPE: Aramco Says Gas Crisis Boosting Crude Demand (Bloomberg) Saudi Aramco said the natural-gas crisis was already boosting oil demand. Crude consumption has gained by around 500,000 barrels a day, said Amin Nasser, chief executive officer of the world’s biggest oil company. That’s more than the output boost agreed by OPEC+ …

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FIS Fuel Oil Morning Report 05/10/21

Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.   Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for …

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