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Links to previous press releases are below. We welcome bona fide press enquiries, please email for further information

News Oil

Petrobras Commences Production in Tartaruga Field

Petrobras have announced the start of oil production at its Tartaruga Verde Field located in the Campos Basin, by means of an FPSO with a capacity of 150K b/d, newswires report. At an API gravity of...

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News Steel

US Steel Imports Decline

The impact of US steel import tariffs on trade volumes was showcased by May data from the US Census Bureau which indicated sharp annual declines in imports from Brazil (-0.25 Mt to 0.27 Mt), South Korea...

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News Steel

CISA Mill Steel Output Remains Strong

Daily crude steel output at China Iron and Steel Association (CISA) member mills edged up to 1.98 Mt in the first ten days of June, up from 1.95 Mt/day in the final eleven days of last month and just...

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News Oil

Ambiguity Surrounding OPEC/non-OPEC Output Boost Decision

At a joint statement released on 23 June, the OPEC/non-OPEC coalition officially announced plans to raise the group’s nominal production by up to 1M b/d from 1 July. This has left open to interpretation...

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News Steel

World Steel Production

Global crude steel production surged above 150 Mt/month for the first time in May as output climbed to a record 154.9 Mt, up by 6.6% year-on-year, the World Steel Association reports. Growth was led...

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News Oil

Japan to Halt Purchases of Iranian Crude

Japanese oil refiners may have to completely stop loadings of Iranian oil from 1 October 2018 if Japan’s government fails to secure waivers from the upcoming US sanctions, Reuters reports citing statements...

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News Oil

OPEC Agrees on Modest Oil Production Boost

OPEC agreed on Friday to boost oil production by up to 1M b/d (1% of global supply) from July, effectively bringing the OPEC-non-OPEC coalition’s compliance with the ongoing production curbs to 100%....

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News Grain

US Grain Shipments Accelerate

US exports of corn, wheat and soyabeans combined climbed to the highest level since November 2017 in the week ending 14 June at 3.18 Mt, up by 0.87 Mt week-on-week, as shipments of all three increased,...

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