Early data indicates global oil consumption in December grew at the slowest pace in nine months, J.P. Morgan said in a note on Friday. The research firm, however, said despite undershooting expectations in the last month of 2023, global oil demand growth was in line...

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Shipping companies have been the best performing stocks in Europe since the start of 2024, and were set for their biggest weekly jump in years, as the re-routing of vessels following attacks in the Red Sea boosted freight rates. Shippers have avoided the region as a...

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BTIG expects 2024 to be a tough year for dry bulk shipping companies; cuts its rating on three stocks Downgrades Eagle Bulk Shipping EGLE.N, Genco Shipping & Trading GNK.N and Golden Ocean GOGL.O to “neutral” from “buy” Brokerage expects iron ore and coal demand...

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Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is hardly the only issue that big carriers are facing as 2024 kicks off. Giants like Maersk say the industry, which handles 90% of global trade, faces the possibility of...

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LNG futures trade volumes on the financial exchanges during the fourth quarter of 2023 hit a record high, while the overall volume in 2023 rose 12.47% year on year, according to data from the exchanges and brokers. Trade volumes of the LNG futures in Q4 were at...

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Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half of 2024 before declining towards the end of the year as it expects supply to outpace global oil demand growth this year. Growth in world oil demand is set to slow as post-COVID...

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