FIS Fuel Oil Morning Report 23/06/2021

At 10:35 am Singapore time (0235 GMT), the ICE August Brent futures contract was up 38 cents/b (0.51%) from the previous settle at $75.19/b, while the NYMEX August light sweet crude contract was 29 cents/b (0.4%) higher at $73.14/b.   Oil came under slight pressure yesterday with the Brent benchmark settling slightly lower than the …

FIS Morning Report Tanker FFA 23-06-21

News Headlines: A quarter of older tankers carry sanctions risk (Tradewinds) standard know-your-customer vetting processes shows 25% of tankers 15 years and older are “high risk” for sanctions for involvement in carrying Venezuelan or Iranian crude. Buyers are earning discounts as high as 40% to carry cargoes blacklisted by the US, significantly supporting rates   …