Fuel Oil Morning Report 12/08/21

Morning Oil Report     At 11:38 am Singapore time (0338 GMT), the ICE October Brent futures contract was up 11 cents/b (0.15%) from the previous close at $71.55/b while the NYMEX September light sweet crude contract was also up 11 cents/b (0.16%) at $69.36/b.   EIA week ending 8/6 Crude oil: -0.4M Gasoline: -1.4M …

Tanker Morning Report 12/08/21

    News Headlines:   OIL DAYBOOK EUROPE: Red-Hot Summer Fizzles Out; IEA Report (Bloomberg)   The dazzling summer that was promised for global oil markets is coming to a subdued end, as the pandemic once again grips the biggest fuel consumers. Just a few weeks ago, Wall Street predictions that crude would hit pre-virus …

Tanker Options Report 11/08/21

Click below link for the newly launched Tanker Options Report     https://fisapp.com/wp-content/uploads/2021/08/FIS-WET-TANKERS-IMPLIED-VOLA-11_08_21.pdf     Any queries please do not hesitate to get in touch!     Contact:   Brandon Cayzer BrandonC@freightinvestor.com +44 (0)7729 118640 ICE – bcayzer Jack Shilling JShilling@freightinvestor.com +44 (0)7702 834733 ICE – jashilling Alistair Pettey AlistairP@freightinvestor.com +44 (0)7808 768318 ICE – …

ENGINE: Global Bunker Fuel Market Update 11/08/21

Global bunker prices have mixed direction as Brent values steady after big fluctuations at the start of the week.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar and Houston ($6/mt), and down in Singapore ($13/mt), Fujairah ($7/mt) and Rotterdam ($4/mt) LSMGO prices up in Gibraltar ($7/mt), Singapore ($6/mt) and …

Singapore Iron Ore Derivatives Report 11/08/21

Iron Ore Market Update   Market Commentary Iron ore futures were largely flat on Wednesday as investors assessed potential economic policies to boost growth against a push to clean up its steel sector. Prices of the steelmaking raw material have plummeted over $50 in less than three weeks as China’s efforts to curb steel production …

Morning Steel and Scrap Report 11/08/2021

FOB China HRC   The index kept flat yesterday (10.8.21) at US$928/t, MTD US$928.67/t.   Hebei province will cut steel production by 21.7mn t in 2021 from its 249.8mn t produced in 2020, while Tangshan will cut by 12.37mn t in 2021 and add restrictions for the 2022 Beijing Winter Olympics over 4-20 February. China’s …

Fuel Oil Morning Report 11/08/21

Morning Oil Report   At 9:46 am Singapore time (0147 GMT), the ICE October Brent futures contract was up 2 cents/b (0.03%) from the previous close at $70.65/b, while the NYMEX September light sweet crude contract was unchanged over the same period at $68.29/b.   API Crude -0.816M Cushing -0.413M Gasoline -1.114M Distillate +0.673M   …

Tanker Morning Report 11/08/21

News Headlines:   OIL DAYBOOK EUROPE: Several Asian Refiners Take Less Saudi Crude (Bloomberg) Several Asian refiners asked for less oil from Saudi Arabia for next month as steps to rein in the delta virus variant weighed on demand. At least four customers — three in Northeast Asia and one in Southeast Asia – requested …