Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 01/07/2021

Market Commentary Iron ore futures extended the gains on Thursday despite rising steel stockpiles and weaker-than-expected factory activity. China’s factory activity expanded at a slower pace in June, as the resurgence of coronavirus cases in the export province of Guangdong and supply chain woes drove output growth to the lowest in 15 months, the Caixin/Markit …

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FIS Fuel Oil Morning Report 01/07/21

At 10:21 am Singapore time (0221 GMT), the ICE September Brent futures contract was up 30 cents/b (0.40%) from the previous settle at $74.92/b, while the NYMEX August light sweet crude contract was 28 cents/b (0.38%) higher at $73.75/b.   EIA week ending 6/26 Crude oil: -6.7M Gasoline: +1.5M Distillates: -0.9M Refiner utilz: 92.9% Impld …

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FIS Morning Report Tanker FFA 01-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Ministers Meet to Debate Output Hike (Bloomberg) OPEC+ ministers will meet later on Thursday to decide whether to hike output in August or September, or hold off for a while longer. While Russia is leaning toward opening the taps, Saudi Arabia is sounding cautious. Shale Will Wait for OPEC …

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