*US Shale Producers’ Race for Federal Permits ahead of the Election* Oil producers in the US are stockpiling drilling permits in a bid to prepare for life under a democratic government who have pledged to clamp-down on the controversial method of drilling for oil. Biden currently leads Trump in analysts’ polls by several points according …
Tag archives: FO
Iron Ore Offshore Intraday Morning Technical
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Morning Oil Report 8/9/20
Brent fell 0.2% to $41.93 per barrel after a 1.5% fall on Monday, whereas WTI fell 76 cents or 1.9% to $39.01 per barrel at 0433 GMT. Reuters reports show that there has been a rise in infections in 22 of the 50 US states as large gatherings on Labor Day occur, concerning figures …
Fuel Oil Daily Evening Report 7/9/20
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Capesize rates slide on lower physical market
Capesize freight rates slipped on the lower physical market and as more buyers were trying to close short positions for profit-taking. The Capesize 5 time charter average then dropped by $496 day-on-day to $16,252 on Friday, as the physical market continued to lose values. The Baltic Dry Index (BDI) then dropped further by 2.37% or …
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Oil and Ore Intraday Morning Technical 7/9/20
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Oil Through the Looking Glass 7/9/20
*Power Outage After Hurricane Laura Prevents Return to Normal Operations* An ongoing power outage due to the aftermath of the Hurricane that tore through the Gulf coast has led to disruptions in repairs to a few US oil platforms, with the Westbury site being one. The US Energy Department said that the site sustained considerable …
Morning Oil Note 7/9/20
Good morning all. Brent futures fell -1.2% to $42.13 a barrel to lowest levels since July 30 whereas WTI futures were down -1.51% to $39.17 per barrel, lowest since July 10. As the US enjoys Labor Day, parts of the states are preparing to welcome record heatwaves with California grid operators issuing a “stage 2” …
Fuel Oil Daily Evening Report
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Capesize rates fall on thin demand base
Capesize freight rates continued to tumble down in the oversupplied market, while both basins posted lower fixtures throughout the week. The Capesize 5 time charter average then dropped by $890 day-on-day to $16,748 on Thursday, due to long liquidation in the market. The Baltic Dry Index (BDI) then dropped further by 3.46% or 50 points …