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Oil Through the Looking Glass 10/7/20
*Singapore Holiday Adds to Quiet Friday* Singapore was on holiday today due to a snap election which left the market without its usual morning trading window and therefore volumes were diminished. Oil continued on from losses yesterday after the announcement of the Supreme Court decision in the release of President Trump’s finances. The market looks…
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Crash, Bang, Recovery
It was never going to be easy recovering from the largest economic shock the world has ever encountered. After record drop in consumer spending, GDP, travel and so many other indicators, it is hard to quite fathom the scale of the disruption, or the mountain left the climb to bring things back to normal.
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Oil Through the Looking Glass 9/7/20
*Oil Balanced on Competing News* The US increase in virus cases is causing concerns for the recovery of demand for oil and more generally of attempts to return life around the globe to normal. The second wave of virus cases has put in doubt plans by many states to further relax lockdown measures, delaying further a…
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Steel & Scrap 09-07-20
FIS Steel Scrap 09-07-20 (1) -
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Fertilizer Financial Markets Commentary/Curves
DAILY REPORT 09-07-20 -
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Morning Oil Note 9/7/20
Good morning all. Brent futures rose 2 cents, or 0.05%, to $43.31, by 4:43 am GMT, while WTI futures dipped 3 cents, or 0.07%, to $40.87 a barrel. According to data from the US Energy Information Administration, US oil stockpiles for the week ended July 3 increased by 5.7 million barrels from the previous week…
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Steel and Scrap Update 8/7/20
*Physical scrap fixtures continue to be rangebound* A handful of physical fixtures have been reported over the past week, with traded levels holding relatively steady at around $255/t CFR. The most recent fixture was a UK based seller transacting a 15kT cargo, split across 14kT HMS 80:20 at $253/t and 1kT shredded scrap at $258/t…
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Ferts in Focus 8/7/20
International paper prices flat through Q3 Futures curves remain relatively flat through the Q3 timeframe and into Q4 across intl urea paper contracts. Nearby values continue to move uniformly in line with physical, as the market awaits clear direction for where prices will go within the quarter. Arab Gulf prices firmer AG urea prices…
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Tanker News Update 8/7/20
*Catastrophic Crack Margins* COVID-19 may have caused a tremor in the refining industry that will be seen for years to come. Simple refinery economics means profit is made in the differences on input (crude) and outputs (refined distillates). With global demand in refined products slumping in recent months their demand still isn’t growing enough to…
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Understanding your Chart – A starting point for technical analysis
Understanding your Chart – A starting point for technical analysis
