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Links to previous press releases are below.

News Dry Cargo Grain

USDA Lifts Brazilian Soyabean Export Forecast

The US Department of Agriculture (USDA) has revised its forecast for Brazilian soyabean exports in the 2019/20 market year (Oct-Sep) upwards by 4.0 Mt from its June estimate to 89.0 Mt. Meanwhile, the...

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News Dry Cargo Economy

Chinese Auto Sales Extend Gain in June

Chinese auto sales gained year-on-year for a third month in a row, rising by 11.6% to 2.3 million vehicles in June, Reuters reports based on China Association of Automobile Manufacturers data, as the economy showed further signs of recovery following coronavirus-related restrictions.

News Oil

IEA revises 2020 oil demand higher for third consecutive month

The International Energy Agency (IEA) has revised its 2020 oil demand forecast up by 360K b/d from its June report to 92.1M b/d, with y-o-y demand predicted to decline by 7.2M b/d. China’s 2020 oil...

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News Dry Cargo Iron Ore

Port Hedland Iron Ore Exports Climb to Record High in June

Iron ore shipments from Port Hedland surged to a record high of 51.8 Mt in June, rising by 2.9 Mt from the previous peak in June 2019 and 4.0 Mt on the month, data from the Pilbara Ports Authority (PPA)...

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News Oil

Singapore fuel inventories reach highest level since March 2017

Singapore onshore fuel oil stocks increased by 1.5M bbls w-o-w to 26.7M bbls during the week ending July 8, the highest inventory level since March 2017, according to data from Enterprise Singapore...

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News Dry Cargo Steel

Japan’s Meti Forecasts Weaker Crude Steel Output

Japanese crude steel output is projected to drop by 27.9% year-on-year to 17.7 Mt in July-September, according to the country’s Ministry of Economy, Trade and Industry (Meti).

Domestic steel...

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News Oil

US commercial crude oil stocks rise again

US commercial crude oil inventories grew by 5.7M bbls w-o-w to 539.3M bbls during the week ending July 3 according to the US Energy Information Administration (EIA). This is around 18% higher than the...

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News Oil

Angola agrees to compensate for under compliance with OPEC+ output cuts

Angola has now committed to fully comply with OPEC+ production cuts after previously resisting pressure from other members to meet their production quota, reports Reuters. The country will also compensate...

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