News Headlines: Lowest gasoline inventories in 30 years await U.S. motorists this June (Bloomberg) Even with days to go before motorists take to the highways for Memorial Day sojourns, gasoline inventories are the tightest they’ve been in years, partly because refiners curbed output for months to cope with the pandemic-driven demand slump. API …
Tag archives: WF
FIS Castaway Podcast – Episode 26/05/21
FIS Castaway Podcast – Episode 56 Scrap your friends and listen to this week’s podcast – Volatility in oil and freight, collapsing iron ore, and we take an in depth look at CME and LME steel and scrap contracts, as well as the upcoming SGX Shanghai rebar contract. Listen Below: …
FIS Morning Report Tanker FFA 25-05-21
News Headlines: OIL DAYBOOK EUROPE: China Set to Buy More Russian Crude; Iran (Bloomberg) China’s growing appetite for oil is poised to lure crude from Russia’s western ports after a months’-long slump as the cargoes once again compete with Middle East supplies favored by Asia’s refineries. Three Tanker Stocks Upgraded as Evercore ISI …
FIS Morning Report Tanker FFA – 25-05-21
News Headlines: Benchmark Oil Tanker Rates Climb Again to Highest Since January (Bloomberg) TD3C climbed to ws36.96 – the highest since January 13th and on clean TC5 climbs to ws97.14 – highest since April 30th Syrian Blames Israel for Mysterious Attacks on Oil Tankers (Bloomberg) Syria’s foreign minister blamed Israel for mysterious attacks …
FIS Morning Report Tanker FFA 24-05-2021
Return of Ocean Tankers VLCCs dampens tanker market, McQuilling says (Tradewinds) The return on the Ocean Tankers VLCC fleet after the arrest in 2020 is set to depress rates as the freight support from stronger demand will largely be offset by a substantial supply imbalance and the bearish market sentiment is likely to continue into …
Morning Report Tanker FFA 21/5/21
Technical Analysis: TD3C June 21 Futures (rolling front month) 21/05/21 https://freightinvestorservices.com/blog/td3c-june-21-futures-rolling-front-month-21-05-21/ News Headlines: Benchmark Oil Tanker Rates at 2-Week High, Turn Positive (Bloomberg) TD3C climbed 6.8% to WS 34.58, the biggest move since May 4th Valero Used Jones Act Waiver for N.Y.-Bound Tanker (Bloomberg) Valero has applied its Jones Act waiver it received …
Morning Report Tanker FFA 20/05/21
News Headlines: OIL DAYBOOK EUROPE: EU Says Confident Iran Nuclear Deal Is Close (Bloomberg) Iran and the U.S. are close to a deal that will revive the 2015 nuclear accord seeing Brent Oil Steady Near Three-Week Low With Iran Flows in Focus EUROPE-AMERICAS FUEL: Flows Steady; Gasoline Tankers Skip U.S. (Bloomberg) European refined …
FIS Castaway Podcast – Episode 55 19/05/21
FIS Castaway Podcast – Episode 55 With storm clouds over London this week, we try to clear things up about what’s been happening with the dramatic falls on freight, whispers of Iranian oil coming back, and strong steel mill margins in China, on this week’s Castaway podcast. Listen Below: …
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Morning Report Tanker FFA 19/05/21
OIL DAYBOOK EUROPE: Talks of an Iranian Breakthrough Dialed Back (Bloomberg) A senior Russian diplomat denied reports that he expects an imminent breakthrough in critical negotiations over restoring the Iranian nuclear deal, after tweets suggesting such an advance triggered a slump in oil prices below $65 as Stockpiles Expand, Iran Talks Cast Shadow. …
FIS Morning Report Tanker FFA 18-05-21
News Headlines: OIL DAYBOOK EUROPE: U.S. Travel Rebound Leading Jet Fuel’s Surge (Bloomberg) U.S. airports are the busiest since the pandemic began — the strongest sign yet of a domestic travel revival TANKER WEEKLY WRAP (Bloomberg) U.S. GULF-to-EUROPE CRUDE: May Flows at 9-Month High; Demand Up EUROPE-to-AMERICAS: Flows Hit 6-Week High After Pipeline …