Links to previous press releases are below.
Asia’s crude oil imports from Iran in May fell by 28K b/d y-o-y to a 13-month low of 1.60M b/d, Reuters reports, citing government and tanker arrivals data. This marks the first time imports have fallen...Read More
Mexico’s state oil firm, Pemex, has declared force majeure on five cargoes of Maya crude (which were set to be exported to the USWC) and redirected the oil to the Gulf Coast for loading, Reuters reports,...Read More
US Product Stocks Edge Downwards
US gasoline inventories decreased by 894K bbls from the prior week to 240.97M bbls in the week ending 23 June, US EIA data shows. US distillate stocks also declined slightly, falling 223K bbls to 152.27M bbls.
Busan Financial Hub Convention
SSY's Head of Research, John Kearsey, was a speaker at this conference held on 1 June, where the focus was on International Marine Finance. Mr Kearsey's paper examined the relationship between economic and shipping cycles.