Oil and Ore Intraday Morning Technical 7/9/20

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Oil Through the Looking Glass 7/9/20

*Power Outage After Hurricane Laura Prevents Return to Normal Operations* An ongoing power outage due to the aftermath of the Hurricane that tore through the Gulf coast has led to disruptions in repairs to a few US oil platforms, with the Westbury site being one. The US Energy Department said that the site sustained considerable …

Morning Oil Note 7/9/20

Good morning all. Brent futures fell -1.2% to $42.13 a barrel to lowest levels since July 30 whereas WTI futures were down -1.51% to $39.17 per barrel, lowest since July 10. As the US enjoys Labor Day, parts of the states are preparing to welcome record heatwaves with California grid operators issuing a “stage 2” …

Capesize rates fall on thin demand base

Capesize freight rates continued to tumble down in the oversupplied market, while both basins posted lower fixtures throughout the week. The Capesize 5 time charter average then dropped by $890 day-on-day to $16,748 on Thursday, due to long liquidation in the market. The Baltic Dry Index (BDI) then dropped further by 3.46% or 50 points …

Iron Ore Offshore Oct 20 Morning Technical Comment – 240 Min Chart (rolling contract)

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Oil Through the Looking Glass 4.9.20

*0.5% Fuel: Ample Supply Weighs on Global Marine Fuel Markets in September* Supply seems to be the biggest demon of fuel prices as depressed demand from the weak retail sector continues into September, with refiners still confronted with weak refining margins on the low sulfur fuel oil report S&P global Platts. Inventories in Asia are …

FIS Fuel Oil Morning Report 4/9/20

Morning Oil Report Good morning all. Brent futures fell 33 cents, or 0.8% to $43.74 a barrel by 6:30 am GMT, while WTI futures were down 35 cents, or 0.9% at $41.02 a barrel.   US commercial crude inventories declined by a larger-than-expected 9.4 million barrels for the week ended August 28, but this was …

Fuel Oil Daily Evening Report 3/9/20

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Fuel Oil Monthly Report Aug 2020

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