Oil Through the Looking Glass 29.09.2020

Tankers carrying Iranian fuel begin entering Venezuelan waters The first group of three tankers have entered south American waters carrying 270,000 barrels of gasoline for a starved Venezuela, which arrived in their waters at 8.05 EDT. The vessel arrived after crossing the Atlantic Ocean and Caribbean Sea without any disturbances, with 2 more vessel due …

Oil and Ore Intraday Morning Technical

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Freight Intraday Morning Technical

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FIS Iron Ore Weekly Ferrous Report

Money Movement and Macro Market The ferrous sector has started to correct after moves to control financial leverage of housing companies. This triggered some debt issues at Evergrande, one of the biggest housing companies, but the government also clarified and extend the deleveraging process to the 2023 (Bloomberg). Short-run stress finally reached an end on …

FIS Daily Ferrous Report

Iron ore futures ticked up above $114 on Monday amid growing profits for industrial companies in China, though subdued trading and thin volumes are expected this week ahead of China’s “golden week” holidays. According to data from the National Bureau of Statistics, profits at Chinese industrial enterprises rose for a fourth month, as the continued …

Oil Through the Looking Glass 28/9/2020

Gulf Nations Are Desperate for Higher Oil Prices Nations in the Gulf, including the Saudi oil powerhouse have said that they are able to withstand any shock in oil prices, but many have forecast that this is simply not the case. Although Saudi has some of the lowest production costs in the world, the current …

Freight Intraday Morning Technical

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