FIS Singapore Iron Ore Derivatives Report 18/10/2021

Market Commentary With soaring energy costs threatening more supply disruptions, while power constraints and economic slowdowns putting demand at risk, investors weighed China’s economic prospects and iron ore futures fluctuated. Banks have downgraded its price forecast for iron ore in 2022.   According to the National Bureau of Statistics, the output of crude steel in …

Morning Tanker FFA Report 18/10/21

News Headlines: OIL DAYBOOK EUROPE: Indian Diesel Demand Climbs; OPEC Compliance India’s diesel consumption is gathering pace with the onset of annual festivals, boosting sales to pre- pandemic levels in the first half of October in a sign that the economy is bouncing back. * OIL FUTURES: Oil Extends Gain After Eighth Weekly Advance on …

FIS Fuel Oil Morning Report 18/10/21

At 10:52 am Singapore time (0235 GMT), the ICE December Brent futures contract was up 94 cents/b (1.1%) from the previous close at $85.87/b, a high not seen since October 2018. The NYMEX November light sweet crude contract rose $1.33/b (1.61%) at $83.60/b. It was last higher on October 2014.   Investors were now eyeing …