Links to previous press releases are below.
India’s fuel consumption rises 47% m-o-m in May
India’s fuel consumption grew by 4.7MT m-o-m (or 47%) to 14.65MT in May, according to data from the Petroleum Planning and Analysis Cell (PPAC), with fuel demand recovering as the country eases coronavirus restriction measures. However, y-o-y, demand was down 4.5MT.
Vietnamese Coal Imports Climb Higher in May
According to preliminary customs data, Vietnamese imports of all types of coal soared to a record 7.5 Mt in May from a previous peak of 6.2 Mt in April. By contrast receipts stood at 3.7 Mt in May 2019.
Imports...
Read MoreQueensland Coal Exports Extend Decline in May
Combined Queensland coal exports from Gladstone, Dalrymple Bay, Hay Point and Abbot Point posted an annual fall for a third consecutive month in May, declining by 1.4 Mt to 17.3 Mt, port authority data...
Read MoreChinese HRB Price Rises
The Chinese hot-rolled band (HRB) price increased by $13/t in the two-weeks to 8 June to $440/t, according to the latest SteelBenchmarker from World Steel Dynamics. This was the highest since...
Read MoreUS commercial crude oil stocks reach record high
US commercial crude oil inventories grew by 5.7M bbls w-o-w to a record high of 538.1M bbls during the week ending June 5, around 14% higher than the five-year average for this time of year, according...
Read MoreOECD Economic Outlook
In the OECD’s Economic Outlook released on 10 June two equally likely scenarios for global economic growth are outlined, both of which project a sharp economic contraction due to the coronavirus...
Read MoreLibyan crude oil output set to rise as two major oilfields reopen
Libya’s National Oil Corporation (NOC) has restarted production at the Sharara and El Feel oilfields, Reuters reports. The NOC had declared force majeure on the oilfields in January due to a military...
Read MoreBrazilian Minor Bulk Exports in May
Brazilian steel exports declined to 0.9 Mt in May, down by 0.3 Mt year-on-year, government data show.
The country’s bauxite shipments eased by less than 0.1 Mt to 0.3 Mt last month, while manganese...
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