*Libya Lifts Force Majeure On El Feel Oil Field on Way To 1 Mil B/D Output* The El Feel oil field, also known as the Elephant, has had the force majeure lifted. The 70,000-bpd field is ramping up production to reach the target of 1 million barrels per day which would double current levels of …
Tag archives: FO
Capesize rates firm up on improving market
Capesize freight rates continued the upward momentum on better market sentiments and improving physical markets. The Capesize 5 time charter average inched up by $212 day-on-day to $18,749 on Friday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also went up by 1% or 14 points day-on-day to 1,415 readings, given …
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Morning Oil Report 26/10/20
Brent crude was down 89 cents, or 2.1%, at $40.88 by 0647 GMT. U.S. WTI dropped 89 cents, or 2.2%, to $38.96. Brent fell 2.7% last week and WTI dropped 2.5%. The weekend provided a plethora of different stories for crude and oil news this weekend in what has been a month predominantly dominated …
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): +1 813 490 6630
Oil Through the Looking Glass 23.10.2020
*Oil Holds Near $42, Heads for Weekly Loss as Virus Cases Surge* Oil looks to post a first weekly loss in the last three as COVID looks to sweep through the northern hemisphere in a second wave, on top of mounting supply pressures from Libya, following the lifting of the 8-month blockade on oil exports …
Capesize rates hike up on better shipping fundamentals
Capesize freight rates rebounded from the slump on bullish sentiments with a wave of buying activities for November contracts. The Capesize 5 time charter average rose by $1,386 day-on-day to $17,151 on Thursday, thanks to flurry of purchases in the earlier session, then followed by selling pressures from some profit-takers near the closing session. The …
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Morning Oil Report
Brent crude was down 1 cent at $42.45 a barrel by 0413 GMT having risen 1.7% on Thursday, while WTI was 3 cents lower at $40.61, following a 1.5% gain in the previous session. Both contracts are heading for their first weekly loss in three. Factors such as increasing Libyan supply and rising Coronavirus cases …
Oil and Ore Intraday Morning Technical
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): +1 813 490 6630
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): +1 813 490 6630
FIS CASTAWAY – EPISODE 29
It’s all Chinese to us! As most markets take a breather, Chris, Tom and Kerry talk about the future potential of China to sustain markets, as well as an update on our main commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-29-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/5zqzn4QdhKX9j2q21ZaUE6?si=rcDDV2MdRf-CQBhmUVL15Q And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=78b8b1a4-0ce3-6e32-da73-5b90c0bca5ba Disclaimer: This podcast is a marketing communication …