Links to previous press releases are below.
The OPEC/non-OPEC coalition needs to cut oil supply next year by about 1M b/d from October’s levels to balance the market, according to statements from Saudi Arabia’s Energy Minister cited by Reuters....Read More
Nigeria’s Oil Production Drops amid Rising Security Risks
Nigeria’s oil production (including condensates) dropped about 70K b/d m-o-m to 2.09M b/d in October, newswires report citing estimates by the country’s oil ministry. The decline was attributed to rising sabotage attacks on production facilities.
China’s Sinochem Corp has agreed to crude oil supply deals for 2019 with the national oil companies of Saudi Arabia and Kuwait, with volumes from both suppliers expected to be more than 20% higher than...Read More
2018 KOBC Maritime Conference
The inaugural conference organised by Korea Ocean Business Corporation was held in Busan on 8 November. SSY's Head of Research, John Kearsey, was among the speakers where his topic was "Dry Bulk Market Prospects in a Changing Landscape".
Metcoke World Summit 2018
John Keeshan, Senior Director of Chartering at SSY USA, was a speaker at this year's event held in Pittsburgh on 7-8 November, where his paper examined the key factors shaping the dry bulk freight market in 2018 and the outlook for the supply/demand balance in 2019.