FIS API Blog
US offshore operators shut 9pc of Gulf of Mexico oil production, a slight decrease from yesterday’s 11pc, as Hurricane Ian came ashore on Florida’s west coast as a category 4 storm. About 157,700 b/d of offshore oil output was off line as of 12:30pm ET, according to the Bureau of Safety and Environmental Enforcement …
Continue reading “Hurricane Ian Shuts In 9% Of US Gulf Oil Output 29/09/22”
Germany and the UAE on Sunday signed an “energy security and industry accelerator” agreement which includes LNG and diesel supply deals. The agreement also underlines an intent to collaborate on decarbonisation and climate action, according to UAE state news agency WAM. Under the agreement, Abu Dhabi’s state-owned Adnoc will reserve a number of …
Continue reading “Germany Inks Energy Security Agreement With UAE 26/09/22”
BHP coal mine workers in Australian state set to vote on industrial action Workers at four mines of the BHP Mitsubishi Alliance (BMA), which owns Australia’s largest metallurgical coal fields, will vote on strike action over working conditions and job security, their union said on Wednesday. The possibility of industrial action at some sites …
Continue reading “Australia BHP Coal Mine Workers Set To Vote On Strike 21/09/22”
China’s daily coal output hits 3-month low in August on rains, COVID curbs China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even shut down due to heavy rainfall and COVID-19 curbs. China, the world’s top coal producer, mined 370.44 …
Continue reading “China’s Coal Production Hits 3-month Low In August 16/09/22”
Rio Tinto, Baowu Joint Venture to Enhance Iron Ore Supply Rio Tinto Group’s joint venture with China Baowu Steel Group Corp. to develop a new mine in Western Australia’s Pilbara region is set to longer-term iron ore supply. The $2 billion Western Range mine is expected to come online in 2025. Its projected …
On this week’s episode, we speak with the Head of Business Development, our Fuel Oil Broker and our Technical Analyst to look at what’s happening in the world of Freight, Iron Ore, and Oil. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/2Jgo9jFQq4VEvIGcA5yneJ?si=IJq-p2jTReWguZtNA8n1Rg Itunes – https://podcasts.apple.com/gb/podcast/episode-105-07-09-22/id1507094242?i=1000578716086
The Opec+ coalition has agreed to cut its October crude production target by 100,000 b/d, marking a return to August quotas. The proposal to cut was endorsed earlier today by the group’s Joint Ministerial Monitoring Committee (JMMC). The decision comes against a backdrop of global recessionary fears and internal group discontent over a perceived disconnect between …
Continue reading “OPEC+ To Cut Crude Prodution Quota In October 06/09/22”
OPEC+ sees tighter market in 2022, risks to oil demand growth The oil market will have a small surplus of just 0.4 million bpd in 2022, much less than forecast earlier, according to OPEC+, due to underproduction of its members, OPEC+ sources said. The report comes days ahead of an OPEC+ policy meeting …
Continue reading “OPEC+ Tightens Oil Market Outlook For 2022 01/09/22”
India’s steel minister has underlined the need for raw materials security and decarbonisation measures but is yet to announce any changes to taxes on iron ore and steel exports. “It is about time we commit ourselves to reduce our carbon emissions by a minimum of 30-40pc… the strategy should be based on carbon minimisation, carbon …
Continue reading “Indian Steel Minister Stresses Raw Materials Security 25/08/22”
FIS are pleased to announce that we arranged the first P3A_82 route trade via EEX last night. The Dry FFA contract is delivery H.K.-S Korea including Taiwan, loading 15-20 days from the index date, for a 35-50 days trip redelivery H.K.-S Korea including Taiwan. 25% weighting. It can allow ship charterers and operators to …
