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Links to previous press releases are below.

News

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...

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News Corporate

Press 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...

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News

Saudi 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...

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News Dry Cargo Grain

Russian 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...

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News Dry Cargo Iron Ore

Port 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...

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News

Saudi 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...

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News Dry Cargo Coal

US 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...

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News Dry Cargo Coal

Canadian 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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