Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services Sentiment vs. Supply: Does market mood impact freight rates?
Welcome back to Freight Up! Our weekly podcast from Freight Investor Services - or as we're more affectionately known - FIS is here to bring you another massive update.
I'm your host, Fernanda, and today we're talking Crude Oil and the KRG pipeline.
In this episode, we also have a special treat for you as Barney Talbot-Ponsonby makes his debut and gives us an update on the fertilizer market.
Crude crashArchie discusses the recent crash in the crude oil market and its potential impact on supply and demand.
He also delves into the factors influencing oil prices, including sentiment and the strength of the US dollar.
Additionally, Archie sheds light on the high sulphur market and the recent changes in the crack spread.
Risk management tools
We're also joined by Barney Talbot-Ponsonby who talks us through developments in the fertilizer market and shares some sneak preview news around risk management tools!
Here's the link to the FIS live app
Timestamped summary of this episode:
[00:02:34] Crude oil rally crashes, hitting new lows.
[00:03:18] High interest rates fuel global fuel demand.
[00:07:23] High sulfur content is good for refining. European market short on high sulfur supply.
[00:12:07] Indian tender expected; big moves in market.
[00:13:34] Brazil physical offers up, China news slow.