FIS Singapore Iron Ore Derivatives Report 29/07/21

Market Commentary Iron ore futures were heavily sold off on Thursday as China raised steel export tariffs as it seeks to achieve the twin goals of capping capping domestic production and taming the surging raw material prices that have fanned concerns about inflation. Starting from 1 August, China will raise the export tax on high-purity …

FIS Fuel Oil Morning Report 29/07/21

Brent crude oil futures gained 36 cents, or 0.5%, to $75.10 a barrel by 0247 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures increased by 33 cents, or 0.5%, to $72.72 a barrel.   EIA week ending 7/23 Crude oil: -4.1M Gasoline: -2.3M Distillates: -3.1M Refiner utilz: 91.1% Impld mogas demand: 9.33 Mbpd …