News Headlines: Oil steady amid rosier outlook for global economy, fuel demand (Reuters) Oil prices were steady on Tuesday after two straight sessions of gains as the passage of a U.S. infrastructure bill, strong Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand. Brent crude was down 2 cents at …
Tag archives: WF
Morning Tanker FFA Report 8/11/21
News Headlines: Oil gains after U.S. infrastructure bill passes, Chinese exports rise (Reuters) Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. Brent crude was up by 86 cents or …
Morning Tanker FFA Report 5/11/21
News Headlines: Oil gains after OPEC+ holds firm on supply (Reuters) Oil prices rose on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the coronavirus pandemic. Brent crude rose 53 cents or 0.7% to $81.07 a …
Morning Tanker FFA Report 4/11/21
News Headlines: Sinopec signs China’s largest long-term LNG contract with U.S. firm (Reuters) China’s Sinopec (600028.SS) has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said …
Castaway Podcast Ep. 78
Freight and ferrous have fallen off a cliff this week, so we invited Holly Birkett from Tradewinds to discuss what’s been going on in the commodity markets this past week. Click Below to Listen: Website – https://freightinvestorservices.com/blog/fis-castaway-eps-78/ Spotify – https://open.spotify.com/episode/6fAzj6r9iPxU7Uy7ObSPm6?si=542m_BNOQm2Me-8QDAaPDA iTunes – https://podcasts.apple.com/gb/podcast/episode-78/id1507094242?i=1000540622606
Tanker FFA Morning Report 3/11/21
News Headlines: U.S. unveils crackdown on methane from oil and gas industry (Reuters) The United States on Tuesday unveiled a plan to slash emissions of the greenhouse gas methane from oil and gas operations as part of its strategy to crack down on climate change, drawing cautious support from both environmental groups and drillers. …
Morning Tanker FFA Report 2/11/21
News Headlines: Oil prices rise on slow OPEC output increase (Reuters) Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world’s top oil consumer China ramped up operating rates to meet a spike in diesel demand. Brent crude futures gained 28 cents, …
Morning Tanker FFA Report 1/11/21
News Headlines: Oil drops on China fuel reserves release; OPEC+ meeting in view (Reuters) Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets. Brent …
Morning Tanker FFA Report 29/10/21
News Headlines: Oil prices edge higher but set for first weekly drop since August (Reuters) Oil prices edged up on Friday but were headed for their first weekly losses in at least eight weeks after U.S. oil stocks rose more than expected and Iran flagged it was resuming talks with Western powers which could …
Morning Tanker FFA Report 28/10/21
News Headlines: Investors on board as U.S. oil majors dismiss wind and solar projects (Reuters) HOUSTON/BOSTON, Oct 27 (Reuters) – Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to …