Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 07/06/21

Market Commentary Iron ore futures fell sharply on Monday over as output restrictions have been extended outside Tangshan while seasonal factors have also dampened the mood for the steelmaking ingredient. Steel rolling mills in Tangshan’s Fengrun District will have their output slashed for the week between 5th and 13th June. The fresh restrictions will affect …

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FIS Fuel Oil Morning Report 07/06/21

Brent futures settled at $71.31 a barrel, down 4 cents after touching its highest since May 2019 earlier in the session. U.S. crude settled at $68.81 a barrel, losing 2 cents. WTI prices rose as high as $69.40, the strongest since October 2018, after gaining 1.5% in the previous session.   U.S. crude inventories dropped …

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FIS Morning Report Tanker FFA 07-06-2021

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Seems in Control of Market (Bloomberg) OPEC+ appears in control of crude prices as U.S. production is lagging pre-pandemic levels, Oil Dips After Topping $70 as Investors Assess Demand Outlook     EUROPE OIL PRODUCTS: Jet Tankers Divert; More Flights Take Off (Bloomberg) Two tankers laden with jet fuel …

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