Morning Tanker FFA Report 15/10/21

(Bloomberg) — China’s state-owned refiners will try to import more diesel as domestic prices skyrocket due to an energy crisis that’s sending shockwaves through global coal and natural gas markets. Diesel prices are at a three-year high in parts of China. * OIL FUTURES: Oil Set for Best Run of Weekly Gains Since 2015 on …

FIS Morning Report Tanker FFA 14 -10-21

News Headlines: Benchmark Oil Supertankers Turn Deeper Into Loss-Making Zone (Bloomberg) Earnings for hauling oil on the benchmark Middle East-to-China route dipped to -$301/day, according to Baltic Exchange data. * That’s down $295; rates edged lower on a Worldscale basis, to 40.27 * The biggest move for dirty tankers was on the TD9 Caribbean to …

FIS Castaway Podcast Ep. 75

FIS Castaway Podcast – Ep. 75 Don’t be a Turkey, get up to speed on what’s been happening in the freight, iron ore and oil markets this week on our podcast. Listen Below Website – https://freightinvestorservices.com/blog/fis-castaway-eps-75/ Spotify – https://open.spotify.com/episode/4ovJonUiVIw6Pb7zdqPxAb?si=CxPt7GMdRCaHg4BcrxR99Q&dl_branch=1 iTunes – https://podcasts.apple.com/gb/podcast/episode-75/id1507094242?i=1000538457061

FIS Morning Report Tanker FFA 12 -10-2021

News Headlines: OIL DAYBOOK EUROPE: Permian’s Private Drillers Claw Back Output (Bloomberg) — Oil prices above $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks. Only this time, the surge is being driven by private operators, …

FIS Morning Report Tanker FFA 11 -10-21

News Headlines: OIL DAYBOOK EUROPE: Iran to Offer Crude in Return for Investment(Bloomberg) Iran plans to offer oil and gas condensate to “any investor” in exchange for either goods or capital investment in the Islamic Republic’s sanctions-hit energy sector, the country’s oil minister said. The ministry would welcome investment in both Iran’s upstream and downstream …

FIS Morning Report Tanker FFA 08 -10-21

News Headlines: OIL DAYBOOK EUROPE: India Refiners Boost Run Rates; U.S. Reserve (Bloomberg) Oil refiners in major crude importer India are cranking up operating rates toward full capacity thanks to a fortuitous one-two lift from local and overseas markets that’s combining to stoke demand for diesel. Most state-owned companies now plan to run their refineries …

FIS Morning Report Tanker FFA 07 -10-21

News Headlines: OIL DAYBOOK EUROPE: Oil Market Needs Half-Trillion in Investment (Bloomberg) Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. * OIL FUTURES: Oil Holds Decline as Energy Crunch Fears …

FIS Morning Report Tanker FFA 06 -10-21

News Headlines: OIL DAYBOOK EUROPE: Saudis Cut Price to Asia; U.S. Supplies Grow (Bloomberg) Saudi Arabia reduced prices for all crudes destined to Asia, its biggest market, after OPEC+’s decision to keep slow production increases sent oil futures surging. * OIL FUTURES: Oil Steadies Near Seven-Year High as Stockpiles Grow Please click below to view …