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Links to previous press releases are below.

News Oil

OPEC production rises to highest since April 2020

OPEC oil output rose by 210K b/d m-o-m to the highest level since April 2020 at 29.81M b/d in September, according to a Reuters survey. Production was boosted by increased output from Libya and members...

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News Economy

China’s PMI Rises to Expansion Level

In September, China’s manufacturing Purchasing Managers’ Index (PMI) reached 50.1, rising 0.7 points from the previous month and above the 50 threshold that separates expansion from contraction for...

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News Oil

Singapore’s middle distillate inventories fall to five-week low

Singapore’s middle distillate stocks declined by 1.05M bbls w-o-w and 3.18M bbls y-o-y to a five-week low of 7.34M bbls during the week ending 28 September, according to Reuters citing Enterprise Singapore...

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News Grain

US Weekly Exports of Soyabeans Fall

US weekly exports of soyabeans halved from the previous week and year-on-year to 0.3 Mt in the seven days to 22 September, according to US Department of Agriculture data. Shipments of corn also fell...

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News Grain

Ukraine Grain Exports Down

As of 28 September, Ukraine had exported almost 8 Mt of grain since the start of the 2022/23 market year (July-June), down 41.5% year-on-year, according to government data reported by Reuters. This...

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News Steel

HRB Steel Prices Fall Further

In the two weeks to 26 September the US domestic hot rolled band (HRB) steel price fell $20/t to $868/t, reaching a new year-to-date low, according to World Steel Dynamics’ SteelBenchmarker....

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News Oil

US crude exports jump

US crude oil exports increased by 1.1M b/d w-o-w and 1.6M b/d y-o-y to 4.6M b/d during the week ending 23 September, rising to the highest level since the week ending 12 August when a record level of...

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News Oil

BP and Chevron shut US Gulf platforms ahead of Hurricane Ian

BP and Chevron have recently suspended production at four offshore platforms in the US Gulf of Mexico as a precaution ahead of Hurricane Ian, which is currently forecast to reach Category 4 strength...

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