India’s crude oil imports in October declined to a 13-month low amid maintenance-related shutdowns at some refineries and the geopolitical crisis in West Asia which led to fears of high volatility in international oil prices. Consequently, import volumes from the top...

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Russia’s October seaborne diesel and gasoil exports fell to their lowest level since September 2023 at 2.6 million metric tons hit by seasonal and unplanned refineries maintenances, LSEG and market sources data show. Offline primary oil refining capacity in September...

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Rates for Very Large Crude Carrier voyages loading in West Africa have so far failed to mount a sustained recovery from the lows experienced during the summer months of 2024, with sources pointing to an oversupply of tonnage, lower-than-expected cargo inquiry levels...

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The Baltic Exchange’s dry bulk sea freight index fell on Monday, pressured by falling rates across the panamax and supramax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 4 points to 1,374 points. The...

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Globalization continues—the widespread predictions of its death were wildly premature. But this is nothing to celebrate. The current round of globalization is in fact largely the product of “unhealthy” phenomena including the persistence of transfer pricing games...

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