FIS API Blog
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, …
Continue reading “India Pushes Forward The Beneficiation Of Low-grade Iron Ore 22/08/22”
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 …
Continue reading “BHP Cuts Investment In Australian Coking Coal Business 16/08/22”
Russia’s oil export duty to fall to $52 per tonne in September Russia’s oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices. Retrieved from: https://www.reuters.com/business/energy/russias-oil-export-duty-fall-52t-sept-finance-ministry-2022-08-15/
Oil prices ease as Aramco says ready to boost crude output Oil prices dropped for a second session on Monday after the head of the world’s top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage …
Continue reading “Saudi Aramco Ready To Boost Crude Output 15/08/22”
U.S. crude stocks up, output at highest level since April 2020 U.S. crude stocks rose in the most recent week while U.S. production hit its highest level since April 2020, a signal that high prices are driving further output in the world’s largest oil producer. Gasoline stocks fell sharply and demand rebounded modestly, though …
Continue reading “U.S. Crude Production Hit New High Since April 2020 11/08/22”
We take a look at the future prospects for the dry freight market, carbon markets, and shine a spotlight on the scrap market with our special guest Alberto Xodo of the LME. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/7hD44ZpLp2R4que2WLFDQX?si=GTD23HjzS4iMIm_iPWgJZA iTunes – https://podcasts.apple.com/gb/podcast/episode-103-10-08-22/id1507094242?i=1000575660552
Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd). Brent crude …
Libya’s Oil Production Recovers to Pre-Blockade Level Libya’s crude output has rebounded to its early April levels, the OPEC member’s oil minister said, in an increase that could help cool a jittery global oil market. Output has climbed to 1.2 million barrels per day, Oil Minister Mohamed Oun said in a telephone interview. The …
Continue reading “Libya’s Oil Output Returns To Pre-Blockade Level 01/08/22”
China plans real estate fund worth up to $44 billion for distressed sector, source says China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to …
Continue reading “China Plans To Launch A Real Estate Fund To Support Property Sector 26/07/22”
Oil extends gains as major producers flag capacity limits Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly while political unrest in Libya and Ecuador added to those supply concerns. U.S. West Texas Intermediate (WTI) …
Continue reading “Oil Extends Gains As Major Producers Have No Spare Capacity 28/06/22”
