FIS Fuel Oil Morning Report 19/07/21

At 10:53 am Singapore time (0253 GMT), the ICE September Brent futures contract was down $1.20/b (1.63%) from the previous close at $72.39/b, while the NYMEX August light sweet crude contract was down $1.14/b (1.59%) at $70.67/b.   A melange of factors including a deal made by OPEC+ to increase supply as well as increasing …

ENGINE: Americas Bunker Fuel Market Update 16/7/21

Bunker values have edged up in several major ports in the Americas following massive drops in the previous session, and prices are on track for sharp losses on the week.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($9/mt), New York ($8/mt), Zona Comun ($6/mt), Balboa and …

FIS Singapore Iron Ore Derivatives Report 16/07/21

Market Commentary Iron ore futures advanced on Friday after Rio Tinto warned that iron ore supply had struggled to keep pace with consumption. The Australian miner flagged its iron ore shipments this year are likely to be at the low end of its forecast as the world’s top producer and rivals struggle to meet the …