Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 27/09/21

Iron ore futures rallied to near $120 following a pickup in restocking activities ahead of the week-long Chinese National Day holiday. “Sentiment was supported by a sudden spike in steel mill profit margins, raising prospects of demand to increase from mills,” Australia & New Zealand Banking Group Ltd. wrote in a note. “Mills are also …

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FIS Fuel Oil Morning Report 27/09/21

Brent crude was up $1.14 or 1.5% at $79.23 a barrel by 0208 GMT, having risen a third consecutive week through Friday. U.S. Oil added $1.11 or 1.5% to $75.09, its highest since July, after rising for a fifth straight week last week.   Oil prices rose for a fifth straight day on Monday with …

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FIS Morning Report Tanker FFA 27-09-21

News Headlines: OIL DAYBOOK EUROPE: More BP Stations Run Out of Fuel; APPEC (Bloomberg) BP Plc, the second-largest fuel retailer in the U.K., said it has run out of the main grades at almost a third of its stations in the country after days of panic buying “With the intense demand seen over the past …

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