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Links to previous press releases are below.

News Oil

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.

News Dry Cargo Coal

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...

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News Dry Cargo Coal

Queensland 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...

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News Dry Cargo Steel

Chinese 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...

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News Oil

US 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...

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News Dry Cargo Economy

OECD 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...

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News Oil

Libyan 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...

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News Dry Cargo Minor Bulks

Brazilian 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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