OPEC expects share of Indian oil imports to rise again

OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of its supplies, the producer group’s head told Reuters, after its dominance was recently eroded by competition from discounted Russian oil. The share of oil from the...
Read More

Baltic index extends losses on weaker capesize rates

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for asecond consecutive session on Wednesday, weighed down by weaker rates for the capesize vessel segment. The overall index, which factors in rates for...
Read More