Baltic Dry Index Edges Down on Tuesday

The Baltic dry index decreased 1 point to 2,670 on Tuesday, following a 2.9% fall on Monday The panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, dropped 2.1% to 2,181. Also, the supramax index went down 0.5% to 1,730, its first decline since...
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China cuts Iranian oil purchases by 40%, Bessent says

China cuts Iranian oil purchases by 40%, Bessent says
U.S. Treasury Secretary Scott Bessent said Tuesday that China has reduced its crude oil purchases by approximately 40% in recent months, a decline he said is significantly reducing Iran’s oil revenues. Bessent told Fox Business Network that the United States has...
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India’s crude oil imports down 12% in June

India’s crude oil imports down 12% in June
India’s crude oil imports dropped to 19.59 million metric tons in June, representing a decline of more than 12% compared to the previous month, according to government data released Tuesday. The Petroleum Planning and Analysis Cell data showed imports fell 3.5% on an...
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