Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 03/06/21

Iron Ore Market Update Market Commentary Iron ore futures surged above $201 on Thursday on robust rebar inventory data while speculation around a possible relaxation of production curbs in Tangshan also aided prices. Rebar inventories were down for a 12th consecutive week. Total rebar inventories stood at10.42 million tonnes, down 3.32% from a week ago. …

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FIS Fuel Oil Morning Report 03/06/21

Brent crude futures were up 49 cents, or 0.7%, at $71.84 a barrel by 0233 GMT, the highest since September 2019. The international benchmark gained 1.6% on Wednesday. U.S. West Texas Intermediate crude futures rose 44 cents, or 0.6%, to $69.27 a barrel. Prices earlier rose to as much as $69.32, the most since October …

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FIS Morning Report Tanker FFA 03-06-21

Massive Blaze Engulfs Tehran Refinery Hours After Sinking Of Iranian Warship (Oilprice) A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Gulf of Oman under mysterious circumstances.     Oil price rally continues on …

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