Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 07/07/21

Market Commentary Iron ore futures reversed early losses in Asia as investors assessed the steel supply and demand outlook. The August contract fell to as low as $204.75 in Asia as market sentiment was dampened by recovering iron ore supply as well as rising scrap usage. Supply tightness from both Australia and Brazil will likely …

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FIS Fuel Oil Morning Report 07/07/21

At 11:48 am Singapore time (0348 GMT), the ICE September Brent futures contract was down 6 cents/b (0.08%) from the previous close at $74.47/b, while the NYMEX August light sweet crude contract was down 2 cents/b (0.03%) at $73.35/b. The Brent marker and the NYMEX light sweet crude market had plummeted 3.41% and 2.38% overnight …

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FIS Morning Report Tanker FFA 07-07-21

News Headlines: OIL DAYBOOK EUROPE: Shale Rushes to Lock In Price Rally; OPEC+ (Bloomberg) As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones. They were securing hedges — locking in prices for the oil they plan to …

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