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Links to previous press releases are below.

News Oil

Ineos Lifts Flow Restrictions through Forties Pipeline

Operator Ineos has lifted all restrictions on oil and gas flows through the UK Forties pipeline following the successful completion of repairs, according to newswires. The pipeline is set to resume...

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News Oil

US Crude Inventories Drop, Gasoline Stocks on the Rise (2)

US crude exports averaged 1.21M b/d during the week ending 22 December 2017, down 35% or 648K b/d w-o-w, but a more than 93% or 583K b/d increase y-o-y, according to the US Energy Information Administration....

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News Oil

Armed Attack Damages Libyan Crude Pipeline, Shuts Down about 100K b/d

An armed attack damaged Libya’s Al-Zouk oil line transferring crude oil to the Es Sider port on Tuesday, reducing the country’s total output by about 100K b/d, Reuters reports.

Libya’s crude...

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News Oil

Repairs on UK Forties Pipeline Completed, System Set to Restart in Early January

UK Forties operator Ineos suggests all repairs are completed on the pipeline and tests are currently being conducted, according to Reuters. Oil flows are scheduled to resume in early January.

The...

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News Oil

Venezuela’s Citgo Threatened with Seizure over Missed Debt Payments

Venezuela’s financial struggles continue, with Reuters reporting its economy shrank 16.5% in 2016, amid weak crude prices and on-going US sanctions, which caused Venezuelan crude exports to the US to...

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News Dry Cargo Iron Ore

Canadian Iron Ore Exports at 6-month Low

Iron ore exports from Canada (excluding shipments to the US) fell by 11% year-on-year to 3.2 Mt in October, the lowest level since April, according to latest data from Statistics Canada cited by The...

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News Dry Cargo Iron Ore

Chinese Iron Ore Port Stocks Reach Record

Stockpiles of iron ore at Chinese ports rose by 2.4 Mt week-on-week to an all-time high of 144.3 Mt in the week ending 22 December, surpassing the previous peak of 143.5 Mt achieved in July this year, according to data from 42 portside locations monitored by U-metal.

News Oil

Nigerian State-Owned Oil Firm Increases Gasoline Supply on Panic Buying

Nigeria’s state-owned oil firm has more than doubled the daily fuel supply for motorists to 80M litres or about 500K b/d from current levels of 30M litres per day, amid surging domestic demand for gasoline...

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Event Corporate,Dry Cargo

Bidsted & Co acquired by Simpson Spence Young

Press Release 

London: Thursday December 14th, 2017: Simpson Spence Young, the world’s largest...

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Event Dry Cargo

ACC Coal Trading Conference

Held in New York on 4-5 December, the 16th annual conference organised by the American Coal Council included  a paper on "Seaborne Commodities & Freight Trends" by John Keeshan of SSY USA.