Author archives: Edward Hutton

FIS Fuel Oil Morning Report 02/06/21

Brent crude futures for August settled up 93 cents, or 1.3%, to $70.25 a barrel after hitting $71 earlier in the session – its highest intra-day price since March 8. U.S. West Texas Intermediate crude for July was up $1.40, or 2.1%, to $67.72. As widely expected OPEC+ confirmed yesterday that they will go ahead …

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FIS Morning Report Tanker FFA 02-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Gives Little Away; Iran Talks Extended (Bloomberg) OPEC+ left crude consumers in limbo, sticking to its plan of monthly output increases until July but refused to give any hints about further moves until there’s clear evidence more oil is needed.     (Saudi Up 500,000 Barrels a Day; China …

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