Crude markets underpricing an impending supply tightness

Crude markets underpricing an impending supply tightness
For a brief window in mid-July, global crude markets looked well-supplied. After the US-Iran MoU was signed on June 17th, Hormuz transits picked up, Iran also managed to get barrels on the water, and Atlantic Basin exports hit record highs. Crude and condensates on...
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Baltic dry bulk index falls to lowest level since July 31

The Baltic Exchange’s dry bulk sea freight index dropped on Tuesday, ending a two-session rise and reaching its lowest point in more than two weeks as rates for capesize and panamax vessels declined. The main Baltic index, which follows rates for capesize, panamax and...
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