FIS Morning Report Tanker FFA – 22-07-21

News Headlines: OIL DAYBOOK EUROPE: China Offers Crude Reserves; Brent Overhaul (Bloomberg) China supplied oil from its strategic state- run inventories to the country’s largest refiners earlier this month in a bid to quell a price rally. The Strategic Petroleum Reserve supplied about 3 million tons, or 22 million barrels, to the processors, according to …

FIS Morning Report Tanker FFA 21-07-21

News Headlines: OIL DAYBOOK EUROPE: BHP Considers Petroleum Exit; EIA Report (Bloomberg) BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. OIL FUTURES: Oil Renews Decline as U.S. Inventories Expand and Delta Spreads Please click …

FIS Morning Report Tanker FFA 20-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Deal May Not Avert Supply Squeeze (Bloomberg) The deal to boost production struck by OPEC+ after two weeks of haggling helped send oil prices tumbling. But the slump may not last long. While the alliance will gradually revive output shuttered during the pandemic, the increases might not be enough …

Daily Capesize Review 19/7/21

Capesize freight rates rebounded from losses amid a short week with holiday in Singapore and market concerns over cyclone development off China. The Capesize 5 time charter average, then rose by $597 day-on-day to $29,139 on Monday, after some improvement in the physical market. The Baltic Dry Index (BDI) then increased by 0.66% day-on-day, up …