Links to previous press releases are below.
OPEC lowers 2021 oil demand growth forecast
OPEC has lowered its global oil demand growth forecast down to 5.79M b/d y-o-y in 2021, a reduction of around 110K b/d compared to its previous Monthly Oil Market Report (MOMR), as widespread coronavirus...
Read MoreUkrainian Iron Ore Exports Fall in January
At 3.7 Mt, Ukrainian iron ore exports fell by 6.9% year-on-year in January, customs data reveal. China remained the main export sales destination, accounting for 37.8% of shipments by value. Total iron ore exports to all destinations in 2020 were 46.3 Mt, a 16% rise on the 2019 level.
US crude oil stocks continue to tumble
US commercial crude oil inventories decreased by 6.6M bbls w-o-w to 469M bbls during the week ending February 5, falling for the third consecutive week to the lowest level since the week ending March...
Read MoreUSDA Grain Trade Forecast
The US Department of Agriculture (USDA) has made a sharp upgrade to its Chinese corn import forecast for 2020/21 (Oct-Sep), up 6.5 Mt from January’s projection to 24.0 Mt. Chinese demand has been key...
Read MoreIndian Crude Steel Production Climbs
Preliminary data from the Joint Plant Committee (JPC) reveal that Indian crude steel output rose by 0.7 Mt year-on-year in January to 10.0 Mt, the highest level since March 2019, IHS reports. After...
Read MorePort Hedland Iron Ore Exports in January
Port Hedland iron ore exports rose by 1.7 Mt year-on-year to 42.2 Mt in January, data from the Pilbara Ports Authority reveal. Shipments to China and Japan rose by 1.6 Mt and 0.4 Mt, to 35.6 Mt and 1.6 Mt, respectively. Meanwhile, exports to South Korea fell by 0.4 Mt to 3.8 Mt.
US Soya Exports Reach Record High in the 4q20
Combined US exports of soyabean and meal reached 12.1 Mt in December, bringing shipments in the 4q20 to a record quarterly high of 36.9 Mt, data from the US Department of Agriculture show.
Exports...
Read MoreNorth Sea crude oil loadings set to fall to six-month low in March
Exports of the five North Sea crude oil grades which comprise the Dated Brent benchmark are expected to decline by 60K b/d (or 7.4%) m-o-m and 270K b/d (or 26%) y-o-y to 770K b/d in March, according...
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