Oil Morning Report 9/8/21

  Brent crude futures slid by $1.27, or 1.8%, to $69.43 a barrel by 0434 GMT, after having slumped 6% last week, their biggest weekly loss in four months. U.S. West Texas Intermediate (WTI) crude futures fell $1.29, or 1.9%, to $66.99 a barrel, after having slumped nearly 7% last week in their steepest weekly …

ENGINE: Europe & Africa Bunker Fuel Market Update 6/8/21

Bunker prices are down with Brent in Europe and African ports, and Gibraltar holds at parity with price levels in Rotterdam.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($12/mt), Rotterdam ($7/mt) and Gibraltar ($6/mt) LSMGO prices up in Rotterdam ($11/mt), Durban ($10/mt) and Gibraltar ($9/mt) HSFO prices up …

ENGINE: East of Suez Bunker Fuel Market Update 6/8/21

East of Suez bunker prices have mostly bounced back with rising Brent values in the past day, and an incoming typhoon threatens bunker disruptions in Japan over the weekend.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($11/mt), Singapore ($9/mt) and Zhoushan ($6/mt) LSMGO prices up in …

Ferrous Trade Weekly Review 6/8/21

A total of 750,000 mt of iron ores was traded for the week ended Aug 6, up 27.12% week-on-week, amid stringent steel output cuts being implemented. Tangshan underwent a new round of sintering cuts much to the expectation of market participants, while iron ore prices ended its anti-gravity defying act and stayed under the $185/mt …