Morning Fuel Oil Report 17/08/21

Morning Oil Report   At 11:20 am Singapore time (0320 GMT), the October ICE Brent futures contract was up 4 cents/b (0.06%) from the previous close at $69.55/b, while the NYMEX September light sweet crude contract was 8 cents/b (0.12%) higher at $67.37/b.   Despite the global resurgence of COVID-19, Wall Street investment banks are …

Tanker Morning Report 16/08/21

News Headlines:     Oil prices pare earlier gains amid worries over COVID case spike (Reuters)   Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of …

Morning Steel and Scrap Report 16/08/21

(ARGUS) FOB China HRC –   The index was unchanged last Friday (13.8.21) at US$928/t, MTD US$928.44/t.   China’s iron and steel association Cisa was heard to collect suggestions from some Chinese mills on the country’s 2022 import and export tax adjustments before 17 August, participants said. They were unclear whether it means China may …

ENGINE: Global Bunker Fuel Market Update 16/08/21

ENGINE: Global Market Update   Global bunker prices have dropped across ports, down from Friday’s levels and tracking lower Brent crude values.   Changes in the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($18/mt), Fujairah ($12/mt), Houston ($11/mt), Singapore ($9/mt) and Gibraltar ($7/mt) LSMGO prices down in Fujairah ($21/mt), Singapore ($13/mt), Rotterdam …