Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 23/07/21

Market Commentary Iron ore futures remained subdued as investors cast doubt over the steel demand outlook. Iron ore plunged as much as 9% this week as China stepped up efforts to rein in its steel sector. According to Mysteel, Steelmakers in Jiangsu, Fujian and Yunnan were asked to reduce output from last year’s level. At …

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FIS Fuel Oil Morning Report 23/07/21

Brent crude settled at $73.79 a barrel, up $1.56, or 2.2%, while U.S. West Texas Intermediate (WTI) settled at $71.91 a barrel, rising $1.61, or 2.3%.   Over the past few days, oil has been recovering losses from the 7%+ drop that happened earlier in the week. The downtick in prices during the morning trade …

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FIS Morning Report Tanker FFA – 23-07-21

News Headlines: OIL DAYBOOK EUROPE: Venezuela Snubs U.S. Sanctions With Import (Bloomberg) Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime. Venezuela wants to boost oil production to 1.5 million barrels a day by the end of this …

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