Links to previous press releases are below.
Colombian April Coal Exports
Colombian steam coal exports fell 0.2 Mt year-on-year to 4.4 Mt in April, according to McCloskey data. Shipments to the Americas and Asia fell by 0.4 Mt and 1.0 Mt year-on-year to a respective 1.5 Mt and 0.2 Mt. In contrast, exports to Europe and the Mediterranean jumped by 1.2 Mt to 2.7 Mt.
Chinese New Bank Loans Fall
Chinese banks extended a net 645.4 billion in new yuan loans in April, down 56% year on-year and 79% below March, according to official data. This represented the smallest increase in net new loans since December 2017.
Chinese Thermal Power Output Lower
Chinese thermal power production fell by 11.8% year-on-year in April to 400.8 billion kWh, according to official data. However, overall electricity generation was only down by 4.3% to 608.6 billion...
Read MoreUS shale oil production to reach highest since March 2020 in June
Oil production from the seven major US shale oil regions is forecast to increase by 143K b/d m-o-m and 754K b/d y-o-y to 8.76M b/d in June, rising for the fifth consecutive month to the highest level...
Read MoreAustralia’s jet fuel demand reaches two-year high in March
Australia’s jet fuel demand increased by 11K b/d m-o-m and 24K b/d y-o-y to 90K b/d in March, the highest level since March 2020 when COVID-19 restrictions were first imposed in the country, according...
Read MoreIndian Wheat Export Ban
India introduced a ban on wheat exports on 14 May following an ongoing heatwave that has reduced output and raised domestic prices, Reuters reports. Shipments where letters of credit have already been...
Read MoreChinese Crude Steel Production
Chinese crude steel production reached its highest monthly level since June 2021, at 92.8 Mt in April, according to official data. However, output fell 5.2% from the same month last year. At 336.2 Mt, output in January-April was down 10.3% on the same four months last year.
Singapore’s fuel oil stocks fall to more than two-year low
Singapore’s fuel oil stocks tumbled by 3.07M bbls w-o-w to 17.46M bbls during the week ending 11 May, the lowest level since July 2019, according to Reuters citing Enterprise Singapore data. Light distillate...
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