Links to previous press releases are below.
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.
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...Read More
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)...Read More
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...Read More
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...Read More