Good morning all. Brent crude fell 26 cents, or 0.6%, to $42.82 a barrel by 0545 GMT, after earlier skidding to a session low of $42.21. U.S. oil was down 38 cents, or 0.9%, at $40.35 a barrel, having dropped to a low of $39.76. Prices dropped last night after Navarro told Fox News in …
Category archives: News
What the US takes away, Russia gives back
Prices dropped last night after Peter Navarro told Fox News in an interview that the trade deal with China was ‘over’, linking the breakdown in part to Beijing not sounding the alarm earlier about the outbreak of the Coronavirus. These worries were calmed by assurances from the President and White House that the agreement …
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Fertilizer Financial Markets Commentary/Curves
FIS LONDON COKING COAL MARKET REPORT
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
London Iron Ore Market Report
Fuel Oil Daily Evening Report
Futures fall but iron ore supply chain ‘super-stretched’
Iron ore futures fell below $100 on Monday amid a seasonal slowdown in Chinese activities. According to latest data from Steelhome, Chinese iron ore port stockpiles gained for the first time since April to 108.4 million tonnes (up +0.56% w/w), as Australia and Brazil ramped up its iron ore production. Cargoes shipped via Australia’s …
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US rig count falls as Asia refiners stall
Both WTI and Brent crude contracts rose about 9% last week and Brent crude futures have flipped into backwardation, so that oil for immediate delivery costs more than that to be provided later, usually an indication of tightening supply. In Canada and the United States, the number of operating oil and natural gas rigs …
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