*BP, Iraq In Talks Over Fate of Rumaila’s Oil Output Capacity Boost To 2.1 Mil B/D* BP are in talks with the Iraq’s oil ministry over the potential of increasing output in the Rumaila field, the country’s biggest field to the plateau of 2.1 million barrels per day. BP is the lead contractor for the …
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Freight Intraday Morning Technical
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Daily Agri – Freight Report 05/11/20
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Oil and Ore Intraday Morning Technical
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Fertilizer Financial Markets Commentary/Curves
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DCE dips in oversupplied market
Iron ore futures dipped despite some rally at the closing session, due to market concern over rising supply. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went down by 1.14% day-on-day to RMB 783/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange were flattish and booked a …
Steel & Scrap Morning Report 05/11/20
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Morning Oil Report
Please click below to view the report WTI crude futures fell 64 cents, or 1.63%, to $38.51 a barrel at 0440 GMT, while Brent crude futures dropped 68 cents, or 1.65%, to $40.55 a barrel, with $0.2 rise at 750 GMT. Both contracts had jumped around 4% on Wednesday following the choppiness and uncertainty surrounding …
Base Morning Intraday Note
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Capesize rates drop on low market confidence
Capesize freight rates came under pressure on bearish market sentiment and oversupplied shipping market. The Capesize 5 time charter average then dropped by RMB 754 day-on-day to $14,691 on Wednesday, following the selling pressure in the market. The Baltic Dry Index (BDI) then slipped by 3.09% or 39 points to 1,224 readings on weaker Capesize …
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