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Category archives: Fuel Oil
FIS CASTAWAY – EPISODE 29
It’s all Chinese to us! As most markets take a breather, Chris, Tom and Kerry talk about the future potential of China to sustain markets, as well as an update on our main commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-29-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/5zqzn4QdhKX9j2q21ZaUE6?si=rcDDV2MdRf-CQBhmUVL15Q And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=78b8b1a4-0ce3-6e32-da73-5b90c0bca5ba Disclaimer: This podcast is a marketing communication …
Oil Through the Looking Glass 22.10.2020
*Oil Prices Slip as U.S. Inventory Build Stokes Fears of Supply Glut* API reports from yesterday reported of crude builds in the week leading up to 16th October, with the figure around 584,000 barrels taking stocks to around 490.6 million. This news prompted the oil to slip on Tuesday with investors nervy on the pace …
Oil and Ore Intraday Morning Technical
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Morning Oil Report 22/10/20
Brent crude futures retreated 22 cents, or 0.5%, to $41.51 a barrel at 0328 GMT after sliding 3.3% on Wednesday. WTI crude futures fell 26 cents, or 0.7%, to $39.77 a barrel, after dropping 4% on Wednesday. The falling prices could be attributed to the worse than expected data from the EIA on Wednesday, with …
European Close 21-20-20
Iron ore flows are strong, suggesting we are looking at an upside countertrend move, unless we see more construction projects announced in China or a stimulus deal agreed in the U.S. We noted that after the last podium performance with Trump and Biden this seemed unlikely. Today Nancy Pelosi announced she was hopeful …
Fuel Oil Daily Evening Report
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Morning Oil Report 21/10/20
Brent crude futures dropped 32 cents, or 0.8%, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday. WTI futures fell 26 cents, or 0.6%, to $40.57 a barrel, after losing 5 cents on Monday. Oil steadied yesterday as hopes of a vaccine were nearing which would potentially ease some lockdowns, …
Capesize rates slide despite improving paper market
Capesize freight rates continued the downward slide despite some improvement in the paper market. The Capesize 5 time charter average then fell by $1,281 day-on-day to $17,121 on Tuesday, but managed to send some positive signals to shipowners due to the improving paper market. However, the physical market remained weak and dragged down the Baltic …
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European Close 20/10/20
Iron ore is making hard work of its upside push at this point with DCE futures finishing the night session up CNY 6.5 at 692. The offshore came under pressure whilst the DCE was closed with the night session leaving the futures basically unchanged from the previous day’s close. Rhetoric for iron ore bulls …