FIS Fuel Oil Morning Report 12/07/21

At 10:30 am Singapore time (0230 GMT), the ICE September Brent futures contract was down 11 cents/b (0.15%) from the previous close at $75.44/b while the NYMEX August light sweet crude contract was down 8 cents/b (0.11%) at $74.48/b.   After failing to ratify production increases from the rest of the year, the OPEC group …

FIS Morning Report Tanker FFA 12-07-2021

News Headlines: OIL DAYBOOK EUROPE: Saudis Offer Full Crude Supply to 5 in Asia (Bloomberg) Saudi Aramco offered full contractual supply of crude oil to at least five refiners in Asia for August, according to refinery officials & Oil Steadies as Investors Eye Rising Demand.     Volumes of Floating LSFO Near Singapore Decline 18% …