Crude oil prices

Asia Crude: Key Market Indicators for Aug 22-26

Crude oil prices could face further downward pressure over Aug. 22-26 as investors keep an eye out for progress on an Iranian nuclear deal and as Russia’s crude exports continue to prove more resilient than expected, reports Platts.

Front-month ICE October Brent crude futures stood at $95.80/b at 0240 GMT Aug. 22, down 92 cents/b (0.95%) from the Aug. 19 settlement.

Middle East
  • Trade activity for October-loading crude cargoes could ease this week, though some Asian buyers could still seek Middle...

https://mfame.guru/asia-crude-key-market-indicators-for-aug-22-26/

Economists Keep An Eagle Eye For Signs Of ‘Moreflation’

Sentiment in financial markets changes quickly. The big worry for most of the last year has been about collapsing growth and falling prices. Now markets are fretting about inflation. Such fears were behind the sharp sell-off in US equities in the early part of last week, reports Reaction.

Rising rates

Investors worry that a strong recovery may create supply shortages and propel commodity prices higher. The ensuing inflation would force central banks to raise interest rates, hitting equity values.

I...

https://mfame.guru/economists-keep-an-eagle-eye-for-signs-of-moreflation/

Oil Price ‘Supercycle’ Not Anywhere, Say IEA

  • Will crude oil prices continue their recent dramatic boom as the pandemic recovery takes hold? Perhaps not.
  • Some analysts are expecting crude prices to surge near $100 per barrel as coronavirus lockdowns end and travel resumes.
  • But the IEA, which monitors energy market trends for the world’s richest countries, thinks there is too much oil sloshing around global markets for a supercycle to take hold.

A recent news article published in the CNN written by Charles Riley analyze about the rising...

https://mfame.guru/oil-price-supercycle-not-anywhere-say-iea/

Super Tankers Doesn’t Seem So Super As Pandemic Fades

Profits of oil tanker owners went from their highest to lowest ever in the course of a year as a historic glut reversed, but the industry’s fundamentals are set to improve, says an article published in The Wall Street Journal.

Crude demand during pandemic

A year ago, this industry’s ship came in. Then it just sat there.

As the world went into lockdown with planes grounded and cars parked in driveways, demand for crude oil plunged even as it kept bubbling up out of the ground. That was devastating...

https://mfame.guru/super-tankers-doesnt-seem-so-super-as-pandemic-fades/

Oil Prices Fall Over New COVID Strain Lockdown & Stronger Dollar

According to a Reuters report, oil prices steadied on Monday after strong gains last week, as tough coronavirus lockdowns around the world renewed concerns about global fuel demand, while a stronger U.S. dollar also weighed on prices.

Brent fell 33 cents to settle at $55.66 a barrel, after bouncing off the session low of $54.99. U.S. West Texas Intermediate (WTI) rose a cent to settle at $52.25 a barrel.

New Strain Lockdown Woes

“The renewed concerns about demand due to very high numbers of new...

https://mfame.guru/oil-prices-fall-over-new-covid-strain-lockdown-stronger-dollar/

[Watch] Crude Rates Record 9-Months High Amid Surging Metal Prices

Crude oil prices touch 9-month highs, iron ore prices surge for delivery to China, and Asia’s methanol supply tightens further, reports Platts.

All eyes are on benchmark crude oil prices this week, after front-month ICE Brent futures rose to almost $50 per barrel last week for the first time since early March. This comes as advances in vaccines increase hopes of containing the pandemic.

Crude price revision

The US Energy Information Administration has also revised up its forecast for crude prices...

https://mfame.guru/watch-crude-rates-record-9-months-high-amid-surging-metal-prices/

Where Bunker Prices Are Headed In The Future?

  • Pricing methodology used to calculate fuel energy value.
  • This resulted in greater demand for atmospheric high sulfur residues as cracker feedstocks, thus resulting in a hike in the price of IFO 380.
  • VLSFO is definitely here to stay and is likely to develop into a liquid commodity market, allowing better hedging opportunities to ship operators.
  • The imposition of a global carbon tax that incentivizes carbon reduction will help in moving the decarbonization agenda forward quickly.

Buyers of...

https://mfame.guru/where-bunker-prices-are-headed-in-the-future/

US Crude Inventory Rises As Oil Prices Touch $42

Oil edged up to around $42 a barrel on Wednesday supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains, reports Reuters.

A rise in European equities

European equities rose after better-than-expected German manufacturing data, giving oil a boost. 

The American Petroleum Institute said U.S. inventories of gasoline and distillate fuel dropped, while those of crude rose.

“The rebound in risk...

https://mfame.guru/worlds-largest-oil-reserves-are-relied-upon-as-prices-touch-42/

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