Oil Through the Looking Glass 02/11/20

*Russia Respond to Lockdowns by Assessing OPEC Cuts* Russia are looking to push forward with the review of OPEC oil cut relaxations that are due on 1st January 2021 as prices look to not bounce back to pre-Covid levels anytime soon. The cuts made to output imposed by OPEC are due to be relaxed in …

DCE rises on China’s positive economic data

Iron ore futures rose on positive economic data from China due to higher steel consumptions and demand.   The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.91% day-on-day to RMB 801/mt on Monday.   The steel rebar contract on the Shanghai Futures Exchange also went up slightly by …