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 …
Tag archives: SN
Freight and Commodity Podcast 07/09/22
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
OPEC+ To Cut Crude Prodution Quota In October 06/09/22
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 …
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OPEC+ Tightens Oil Market Outlook For 2022 01/09/22
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 …
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Indian Steel Minister Stresses Raw Materials Security 25/08/22
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 …
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P3A_82 First Trade
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 …
Freight and Commodity Podcast 24/08/22
On this week’s podcast we take a deep dive into the current scenario in freight and commodity markets as the war in Ukraine rages on, and we are joined by special guests from Lloyds List’s Bridget Diakun and Dave Osler. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/0Q2zDxlrEsOuPccaqOZHCD?si=gapCgnpWRF6EFFlIa_IeSw …
Saudi Says OPEC+ Could Cut Output At Any Time 23/08/22
Saudi Minister Says OPEC+ Could Cut Production At Any Time Citing “disconnect” in the oil futures market, Saudi Energy Minister Prince Abdulaziz bin Salman dangled the threat of potential OPEC+ production cuts that could come at any time. In an interview with Bloomberg on Monday, the Saudi energy minister said that “extreme volatility” was …
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India Pushes Forward The Beneficiation Of Low-grade Iron Ore 22/08/22
India’s beneficiation of low-grade iron ore could result in new trade patterns India’s push toward the beneficiation of low-grade iron ore could result in new trade patterns emerging in the future if implemented, market sources told Fastmarkets last week. It could mean a higher acceptance among buyers of Indian iron ore in the seaborne market, …
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BHP Cuts Investment In Australian Coking Coal Business 16/08/22
Australian resources firm BHP has cut all investment in its Queensland coking coal business, in response to the state government’s coal royalty rate increase and China’s continuing ban on imports of Australian coal. “We are not going to deploy any major capital into the Queensland coal business following the change in the Queensland royalties,” BHP …
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