Links to previous press releases are below.
US Crude Oil Production Reaches Record High
US crude oil production rose 215K b/d m-o-m to 10.47M b/d in March, the highest on record, according to the US Energy Information Administration. Output is projected to rise 1.37M b/d y-o-y to 10.72M...
Read MoreUS Weekly Crude Exports Recover above 2M b/d, Crude Inventories Drop Steeply
US weekly crude exports rose 431K b/d w-o-w and 876K b/d y-o-y to 2.18M b/d during the week ending 25 May, according to the US Energy Information Administration. Exports have averaged 2.09M b/d during...
Read MoreUS to Impose Tariffs on Steel and Aluminium from the EU, Mexico and Canada
The US Department of Commerce will impose import tariffs on steel and aluminium shipments from the EU, Mexico and Canada at midnight on 31 May, newswires report. These three regions accounted for over...
Read MoreRecord CISA Mill Output in Mid-May
Daily crude steel output at China Iron and Steel Association (CISA) member mills climbed to a new high of 2.00 Mt in the period 11-20 May, up from 1.94 Mt/day in the preceding ten days, according to...
Read MoreUS Steel HRB Price Stabilises
Upward growth in the US domestic price for hot rolled band (HRB) slowed in the second half of the month, increasing by just $4/t to $976/t in the period 16 to 30 May, according to the latest SteelBenchmarker...
Read MoreIndia Shows Commitment to Iranian Crude
Iran’s key Indian client, Nayara Energy (formerly known as Essar Oil), imported 175K b/d of crude from Tehran in April, up 32% m-o-m and 12% y-o-y, Reuters reports. India’s total imports of Iranian...
Read MoreUS Crude Exports set To Surge in June
US crude exports are on track to reach 2.3M b/d in June, up 761K b/d from 1Q18 and 1.18M b/d higher from last year’s average, Reuters reports citing estimates by a senior executive in a key US oil exporting...
Read MoreCanadian Iron Ore Strike Ends
Striking Canadian iron ore workers have approved a new five-year deal on employment conditions, agreed between union leaders and employers last week, that would see workers return to work, local media...
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