EU widens sanctions on Iranian shipping firms

EU widens sanctions on Iranian shipping firms
The European Union has widened its sanctions against Iran over Tehran’s support of Russia in its war with Ukraine, the European Commission said on Monday. The Commission said it had added the Islamic Republic of Iran Shipping Lines (IRISL) and its director Mohammad...
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Baltic index falls as all vessel segments decline

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Monday, dragged down by losses across all vessels. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped...
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LME scrap volumes up on week, futures remain in contango

LME scrap volumes up on week, futures remain in contango
Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment from S&P Global Commodity Insights, increased on the week. Weekly LME scrap futures trading volumes in the week to Nov. 14 increased to 199,320...
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UBS: Oil prices have room to recover

UBS: Oil prices have room to recover
The latest data from the Energy Information Administration (EIA) showed US crude inventories rose by a greater-than-expected 2.1 million barrels last week, while gasoline stocks fell by 4.4 million barrels to the lowest since November 2022. Earlier, the International...
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