ENGINE: Europe & Africa Bunker Fuel Market Update 8/7/21

Bunker prices are sharply down in Europe and Africa as Brent sheds more than 3% on the day.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($16/mt), Rotterdam ($12/mt) and Durban ($4/mt) LSMGO prices down in Gibraltar ($16/mt), Rotterdam ($15/mt) and Durban ($5/mt) HSFO prices up down in Rotterdam …

FIS Morning Report Tanker FFA 08-07-21

News Headlines: Ship Explosion Rocks Dubai Port (OilPrice) The Dubai government said: “A fire has been reported to have broken out in a container within a ship anchored in Jebel Ali Port. A Dubai Civil Defense team is working to put out the blaze.”     Oil prices extend losses as OPEC+ uncertainty lingers (Reuters) …

Iron Ore DCE Sep Daily Technical Review 8/7/21

Verdict – Short-term neutral to bearish. DCE iron ore September rejected below previous high at 1252.0 level. From hourly chart, the iron ore was also rejected by 1204.0 level, which was close to a neckline of a double top pattern. The price movement and candle pattern were indicating iron ore price entered a corrective phase. …