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27 Jun 2017

Iran’s largest oil terminal boosts capacity to 8 million bpd

Oilprice.com reported weekend’s comments by Pirouz Mousavi, the managing director of the Iranian Oil Terminals Company (IOTC), late-Monday, citing that the Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bpd).

According to official data quoted by Iranian economic daily Financial Tribune, Iran’s exports are currently more than 2 million bpd of crude oil, plus another 600,000-700,000 bpd of condensates.

The Kharg oil terminal crude loadings account for 95% of Iran’s total crude oil exports, Mousavi added.

Meanwhile, both crude benchmarks trade steady, with WTI around $ 43.50, while Brent keeps $ 46 mark.

Jun 27, 2017

NZD/USD remains capped below 0.7300 on China industrial profits

Despite solid Chinese industrial profits data release, the rebound in NZD/USD remains capped just below 0.73 handle, as poor NZ trade figures combined

2017 Iron-ore forecast cut 15% to USD 63/ton – Morgan Stanley

In its latest note published on Tuesday, the analysts at Morgan Stanley, the US investment bank, slashed the price-forecasts for iron-ore for this yea