Morning Oil Report 06/01/22

At 10:16 am Singapore time (0216 GMT), the ICE March Brent futures contract was down 87 cents/b (1.08%) from the previous close at $79.93/b, snapping three days of gains that took it momentarily above the key $80/b handle.   US DoE Crude Oil Inventories (W/W) 31-Dec: -2144K (est -3650K; prev -3576K) – Distillate: +4418K (est …

Morning Oil Report 05/01/2022

At 10:05 am Singapore time (0205 GMT), the ICE March Brent futures contract was down 27 cents/b (0.34%) from the previous close at $79.73/b, while the NYMEX February light sweet crude contract was down 24 cents/b (0.31%) at $76.75/b.   OPEC and its Russia-led partners Jan. 4 approved another hike in production quotas, betting the …

Morning Oil Report 31/12/21

Everyone on the FIS Bunker Desk wishes you a very happy and healthy New Year in 2022!   At 10:42 am Singapore time (0242 GMT), the ICE March Brent futures contract was down 89 cents/b (1.12%) from the previous close at $78.64/b, while the NYMEX February light sweet crude contract was down 85 cents/b (1.1%) …