News Flash
Why has OPEC increased its long-term oil demand outlook in the WOO 2023?
This past year has seen the OPEC Secretariat research team take onboard a variety of energy policy shifts, reassessments of...
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Strongest September On Record At Port Of Long Beach
The Port of Long Beach achieved its busiest September on record, boosted by consumer demand for holiday-related goods, recent ratification...
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Global LNG: Asia spot prices rise on stronger northeast Asian demand
Asian spot liquefied natural gas (LNG) prices rose more than $3 this week to a near nine-month high, supported by...
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Inflation, commercial real estate among top financial stability concerns -Fed survey
The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are...
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Capesize gains propel the Baltic index to the fourth straight day of gains
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains for the fourth...
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‘No question’ that the decarbonization of shipping will contribute to inflation, says industry CEO.
The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the...
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Ships with Ukrainian crew at Russian ports risk disruption
The Russian Federation’s recent implementation of temporary entry restrictions for Ukrainian citizens may cause delays and other difficulties for vessels...
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Asia Fuel Oil-Cash premiums steady, market backwardation widens
Cash premiums for fuel oil were steady in Asia on Wednesday, though market backwardation widened from the previous session. The...
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China Sept coal output hits six-month high on rising power demand
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on...
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Volatility expected in metals markets as they adapt to accelerated energy transition pressures
The current metals super-cycle that is a major component of the global energy transition could stall due to a gloomy...
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Shipping needs to take rapid action to achieve 5% zero-emission fuel target by 2030, new report finds
A new report from UMAS, Getting to Zero Coalition, and Race to Zero finds that while it is possible for...
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OPEC plans no immediate action after Iran urges Israel oil embargo, sources say
OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran’s foreign minister called on...
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Rates Spark: Economic resilience pushes rates higher
How the situation in the Middle East will evolve is still very uncertain, but high-level diplomatic efforts are all about...
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Global Trade Activity Falls at Steepest Rate in Eighteen Months
New data from Tradeshift shows transaction volumes across global supply chains dropped at their fastest rate in eighteen months in...
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The Antitrust Immunity for Carrier Agreements Remains Beneficial For the Global Supply Chain
ASA has submitted to the European Commission in October 2022, in collaboration with ICS and WSC, their solid position that...
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Asia Fuel Oil-VLSFO premiums retreat, HSFO stable
Spot cargo premiums for Asia’s very low sulphur fuel oil fell on Tuesday, while high sulphur fuel oil (HSFO) market...
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Baltic index hits over 14-month high on capesize gains
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, scaled its highest in more...
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GenPro Blue Day brings together expert speakers for sustainability panel
Following close on the heels of Cyprus Maritime Week, maritime and commercial procurement company GP General Procurement Company Limited (GenPro)...
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Russian oil freight rates jump as US boosts scrutiny of price cap compliance
Oil freight rates from Russia’s Baltic ports to India are up some 50% since last week as more shipowners quit...
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Russian seaborne diesel exports fell by 20% from October 1-15 m/m
Russia’s seaborne diesel and gasoil exports fell by 20% to about 1.1 million metric tons in the first 15 days...
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