*Oil Slides 5% to Lowest Levels Since June* Oil futures settled 5% lower yesterday with Brent dropping to $39.53 which was the lowest level since June, and WTI at 8% lower after Saudi Arabia announced price cuts to its October selling prices. The Aramco price cuts made WTI unattractive to Asian buyers said analyst Phil …
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Capesize rates drag down by thin physical market
Capesize freight rates continued to slump on thin physical market that dragged down the paper market further. The Capesize 5 time charter average dropped by $210 day-on-day to $15,892 on Tuesday, due to lack of fixtures being reported. The Baltic Dry Index (BDI) then slumped further by 1.56% or 21 points day-on-day to 1,328 readings …
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Oil and Ore Intraday Morning Technical 9/9/20
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Morning Oil Report 9/9/20
Good morning. Brent was down 25 cents or 0.6%, at $39.53 at 0455GMT after a drop of over 5% through Tuesday, with WTI down 0.8%, or 28 cents to $36.48 per barrel after a fall of 8% through Tuesday. We are seeing a good correction on crude at the minute, long overdue many might add …
Fuel Oil Daily Evening Report
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Capesize rates dip on short trading week
Capesize freight rates dropped slightly on thin physical activities, amid a short trading week due to Brazilian public holiday. The Capesize 5 time charter average then dipped by $150 day-on-day to $16,102 on Monday, reflecting a lacklustre cape paper start to the week. The Baltic Dry Index (BDI) then dropped slightly by 0.95% or 13 …
Oil Through the Looking Glass 8/9/20
*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 …
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
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 …