FIS Fuel Oil Morning Report 12/07/21

At 10:30 am Singapore time (0230 GMT), the ICE September Brent futures contract was down 11 cents/b (0.15%) from the previous close at $75.44/b while the NYMEX August light sweet crude contract was down 8 cents/b (0.11%) at $74.48/b.   After failing to ratify production increases from the rest of the year, the OPEC group …

FIS Morning Report Tanker FFA 12-07-2021

News Headlines: OIL DAYBOOK EUROPE: Saudis Offer Full Crude Supply to 5 in Asia (Bloomberg) Saudi Aramco offered full contractual supply of crude oil to at least five refiners in Asia for August, according to refinery officials & Oil Steadies as Investors Eye Rising Demand.     Volumes of Floating LSFO Near Singapore Decline 18% …

FIS Singapore Iron Ore Derivatives Report 09/07/2021

Market Commentary second half of the year, SinoSteel Futures wrote in a note. From the 1H iron ore exports to China Platts data showed, Vale and Rio Tinto respectively shipped 128.11Mt and 148.83Mt in the last six months against their annual production guidance of 315-335Mmt and 325-340Mmt. If environmental-related production restrictions are to be implemented …