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Links to previous press releases are below.

News Oil

US Crude Output Revised Down by 100K b/d

US crude production has been revised down slightly for this year to 13.2M b/d in the Energy Information Administration’s February Short-Term Energy Outlook. This would put y-o-y growth at 960K b/d compared...

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News Oil

Brent Contango Widest Since 2018

There has been a rise in interest in short-term floating oil storage as the contango in the Brent oil futures market that emerged last week has widened as the surplus of crude is expected to grow and...

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News Dry Cargo Iron Ore

Indian Iron Ore Exports Climb in 2019

Indian iron ore exports rose to 31.3 Mt last year up from 18.2 Mt in 2018, according to provisional data from the commerce ministry. This reversed an annual decline of 10.7 Mt posted in 2018.

October-December...

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News Dry Cargo Coal,Minor Bulks

Indonesian Coal, Nickel Ore and Bauxite Exports Rise in 2019

Indonesian coal exports gained by 30.6 Mt year-on-year to 459.1 Mt in 2019, data from Bank Indonesia show. Coal exports have posted annual rises each year in 2016-19, but last year’s growth eased from...

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News Oil

PetroChina To Cut Refinery Throughputs

PetroChina is planning to cut crude runs by 320K b/d, or 10%, in February as the coronavirus outbreak curbs fuel demand, reports Reuters. Combined with Sinopec and CNOOC, this puts run cuts by state-refiners...

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News Dry Cargo Grain

US Soyabean Exports Gain in December

US soyabean exports rose year-on-year for a sixth consecutive month to 5.6 Mt in December 2019 (+1.5 Mt on the year), according to the US Department...

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News Dry Cargo Coal

Queensland Coal Exports Ease in January

Queensland coal exports from the four main ports of Gladstone, Dalrymple Bay, Hay Point and Abbot Point declined by 0.5 Mt year-on-year to 18.4 Mt in January, according to port authority data. Loadings...

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News Oil

Shell to Undergo Maintenance

Shell said it is planning to conduct major maintenance at its 404K b/d Pernis oil refinery in the Netherlands starting May 4, Reuters reports. The work will last through May and June. It will not need to do the same scale of maintenance for another 3 to 6 years at the refinery.