Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 29/07/21

Market Commentary Iron ore futures were heavily sold off on Thursday as China raised steel export tariffs as it seeks to achieve the twin goals of capping capping domestic production and taming the surging raw material prices that have fanned concerns about inflation. Starting from 1 August, China will raise the export tax on high-purity …

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FIS Fuel Oil Morning Report 29/07/21

Brent crude oil futures gained 36 cents, or 0.5%, to $75.10 a barrel by 0247 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures increased by 33 cents, or 0.5%, to $72.72 a barrel.   EIA week ending 7/23 Crude oil: -4.1M Gasoline: -2.3M Distillates: -3.1M Refiner utilz: 91.1% Impld mogas demand: 9.33 Mbpd …

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FIS Morning Report Tanker FFA 29-07-21

News Headlines: OIL DAYBOOK EUROPE: Total, Equinor Exit Venezuela JV; Saudi OSP (Bloomberg) French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to an exodus of overseas firms as the country’s energy industry withers. OIL FUTURES: Oil Extends Advance as U.S. Stockpiles Decline Please click below to …

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