FIS API Blog
The EU parliament has now approved of new environmental measures, one of which is to include shipping in the EU ETS. It will now move onto negotiations with member states to finalise the new legislation. The main features of this new regulatory package are: Shipping to be included in the ETS by 2024 …
Continue reading “European Parliament Votes to add Shipping to EU Emissions Trading Scheme (ETS)”
Russia seeks new fuel markets in Africa, Middle East as Europe turns away Russia is increasing gasoline and naphtha supplies to Africa and the Middle East as it struggles to sell fuel in Europe, while Asia is already taking bigger volumes of Russian crude, Refinitiv Eikon data showed and sources said. The development is …
Continue reading “Russia Eyes Africa And Middle East As New Fuel Markets 23/06/22”
Russia Russia has become the largest oil exporter to China as it discounted crude to Beijing amid sanctions over Ukraine. Their imports rose by 55% from a year earlier to a record level in May, knocking Saudi Arabia from the top spot despite their export volumes going up 9% year-on-year at 7.8 million tonnes. The …
Iron ore, coking coal, and steel are the focus of this week’s podcast as we take a look at the trade flows and major issues facing the ferrous complex. All quoted data is from S&P Global Market Intelligence. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/7nKCAEfnEIY8OpHrx5zFdB?si=xB-cnIGcTXiWs-T5Iiocfw iTunes – …
Oil rebounds as new Iran sanctions fuel more supply concerns Oil prices rose on Thursday in topsy-turvy trading after the United States announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year. The market slipped earlier as interest rate hikes in the United …
Continue reading “Oil Price Rebound As The United States Announced New Sanctions On Iran 17/06/22”
All things oil this week on the podcast as we look at the flows of the world oil market, as well as updates on the dry freight, bunker and ferrous markets. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/2zrXgAwrZ4myIC17DQ28TW?si=dno03XuOQ3WLG3mszFO_ug iTunes – https://podcasts.apple.com/gb/podcast/episode-101-15-06-22/id1507094242?i=1000566508221
Iron Ore Slides Ahead of Key China Data as Outbreaks Continue Iron ore in Singapore slipped lower ahead of Wednesday’s economic data from China, as outbreaks in some of the nation’s key cities remain a drag on demand. The steelmaking ingredient is heading for a fourth straight decline, reversing gains made earlier this month …
Continue reading “Iron Ore Drops On China Covid Worries 14/06/22”
Top Steelmaker in South Korea Halts Production on Trucker Strike South Korea’s top steelmaker Posco said it has halted output of some products as a prolonged strike by truck drivers adds more disruption to global supply chains. The Pohang-based company stopped production at its four wire-rod factories and two cold-rolled steel plants as of …
Continue reading “POSCO Halts Some Plants Due To South Korea Trucker Strike 13/06/22”
1. Corex traded Fe62.3% 90kt Newman Fines at $141.4, loading Jul 1 – 10th 2. Corex traded 50kt PB Lump+ 120kt PBF both based on Platts62% June Index + $2, loading Jun 7 -16th
Iron Ore Drops Below $140 With China Virus Fears Resurfacing Iron ore fell for a second straight day in Singapore on signs China’s exit from virus restrictions islikely to be far from smooth. The steel-making ingredient dipped below $140 a ton after Shanghai said it will lock down eight districts this weekend to mass …
Continue reading “Iron Ore Drops As Covid Cases Rebound In Major Chinese Cities 10/06/22”
