Links to previous press releases are below.
EIA cuts US crude production outlook
US crude production for this year was revised down by 200K b/d to 12.99M b/d in the Energy Information Administration’s March Short-Term Energy Outlook. This is a reduction in y-o-y demand growth to...
Read MorePress Release - SSY Bergen
Simpson Spence Young (SSY) has closed its Bergen office for 14 days as a precautionary measure. The decision has been made after a cleaner at the office tested positive for the coronavirus and a member...
Read MoreSaudi Arabia and UAE plan to increase oil output
Saudi Arabia’s energy minister has directed Saudi Aramco to increase oil output capacity to 13M b/d from 12M b/d, Reuters reports. UAE national oil company ADNOC also announced it would aims to boost...
Read MoreRussian Wheat Exports to Rise
In its latest grain markets report, the US Department of Agriculture (USDA) revised up its forecast for Russian wheat exports in the 2019-20 trade year (Jul-Jun) by 1.0 Mt to 35.0 Mt, citing competitive...
Read MorePort Hedland Iron Ore Exports Fall to 11-Month Low
Port Hedland iron ore loadings declined by 0.3 Mt year-on-year to 38.8 Mt in February, the lowest level since March 2019, port authority data show.
Iron ore exports to China slipped to 33.3...
Read MoreSaudi Arabia increases supply to 12.3M b/d
Saudi Aramco is planning to increase crude supply to customers to 12.3M b/d in April, Reuters reports. The increase is 300K b/d above Saudi Arabia’s production ceiling, indicating it may use crude in...
Read MoreUS Coal Shipments Extend Fall
US coal exports (excluding Canada) tumbled to 5.6 Mt in January (-2.8 Mt year-on-year), according to the National Mining Association. US shipments have registered annual declines each month since February...
Read MoreCanadian Coking Coal Exports Ease
Canadian coking coal exports (excluding the US) edged down by 0.2 Mt year-on-year to 1.9 Mt in January, data collected by IHS show.
Coking coal shipments to both India and Japan slipped by 0.1...
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