*Oil Market Eyes Iran’s Return with Biden Win* The president-elect has vowed to lift sanctions against Tehran and re-join the JCPOA nuclear deal, on the condition that Iran complies with all restrictions on the program. Sanctions imposed by Trump cut more than 2 million barrels per day of Iranian oil exports, which would make the …
Category archives: Fuel Oil
Oil and Ore Intraday Morning Technical
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Morning Oil Report 09/11/20
Brent crude futures for January climbed 94 cents, or 2.4%, to $40.39 a barrel by 0710 GMT, while U.S. West Texas Intermediate crude for December was at $38.07, up 93 cents, or 2.5%. This increase came after a 4% fall on Friday as a result of continuing uncertainty over the race for the White House. …
Capesize rates bounce from the low on better fixtures
Capesize freight rates rebounded from previous session losses, due to handful of fixtures done on firmer rates. The Capesize 5 time charter average inched up by RMB 244 day-on-day to $14,421 on Friday, as market confidence returned after a flurry of fixtures. The Baltic Dry Index (BDI) then moved up slightly by 0.17% or 2 …
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European close
Well the DCE iron ore futures woke up today and decided that if the rest of the world had already concluded the election result and caught a bid, it would follow. The foundation was laid yesterday with the offshore December futures leading the way and making a higher high in the market on the intraday …
Fuel Oil Daily Evening Report
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Oil and Ore Intraday Morning Technical
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Monthly Fuel Oil Report (October)
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Capesize rates fall on slow shipping activities
Capesize freight rates dropped on thin market activities amid bearish market sentiment in shipping demand. The Capesize 5 time charter average fell by RMB 514 day-on-day to $14,177 on Thursday, as low Atlantic fixtures weighted on prompt paper market. The Baltic Dry Index (BDI) then slipped by 2.45% or 30 points to 1,194 readings, due …
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Morning Oil Report 6/11/20
WTI was down $1.06, or 2.7%, at $37.73 a barrel at 0538 GMT, after dropping 0.9% yesterday. Brent crude was off $1.05, or 2.6%, at $39.88, having fallen 0.7% in the previous session. The continuing falls seem to have exacerbated by the ongoing uncertainty in the US surrounding the presidential election, as well as the …