FIS Fuel Oil Morning Report 18/06/21

At 10:50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 64 cents/b (0.88%) from the previous settle at $72.44/b, while the NYMEX July light sweet crude contract was 56 cents/b (0.79%) lower at $70.48/b. The Brent and the NYMEX light sweet crude markers had fallen 1.76% and 1.54% overnight to close …

FIS Morning Report Tanker FFA 18-06-21

News Headlines: OIL DAYBOOK EUROPE: China Intensifies Key Oil-Refining Probe (Bloomberg) The future of China’s vast oil-refining industry may hinge on what government investigators find in Panjin. This little-known energy hub east of Beijing has emerged as the focal point of a probe that industry insiders say could shift the balance of power from the …