Category archives: Products

Oil Through the Looking Glass 19/11/20

*Venezuelans Steal PDVSA Crude and Make Their Own Gasoline* Venezuela, which is currently starved of fuel has seen a large spree of thefts from idled state oil field with many home-distilling their own gasoline in a bid to try and obtain the product. Although it is only a small amount of total output from the …

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DCE rallies on high restocking demand

Iron ore futures rallied on high steel margins and prices, after a strong opening at the start before moving flattish at the closing afternoon session. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then hiked up by 2.45 % or RMB 21 day-on-day to RMB 876.50/mt on Thursday. The steel …

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Morning Oil Report 19/11/20

Brent crude futures gained 12 cents, or 0.3%, to $44.46 a barrel by 0733 GMT, after gaining 1.4% on the previous day.   The US looks to begin its holiday season, a time typically for driving around the country, but this year, it is expected that the pandemic will cut the number of journeys made …

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