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Links to previous press releases are below.

News Oil

Norway announces crude production cuts

Norway’s petroleum and energy ministry has announced cuts to oil production of 250K b/d in June, and then 134K b/d for the second half of 2020 as an attempt to help stabilise the oil market alongside...

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News Dry Cargo Economy,Steel

Chinese Steel PMI Extends Rise

China’s steel sector Purchasing Managers’ Index (PMI) rose to 45.9 in April from 42.2 in March with demand and output improving as the country emerges from the coronavirus lockdown, data from the China...

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News Dry Cargo Coal

Chinese Steam Coal Imports Grow in March

Chinese steam coal imports (including anthracite) climbed to 12.7 Mt in March (+4.9 Mt year-on-year), according to data gathered by IHS. Receipts included 5.6 Mt of Australian product and 4.6 Mt from...

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News Oil

US crude oil stock growth continues

US commercial crude oil stocks have increased for the fourteenth consecutive week, with inventories rising by 9M bbls w-o-w to 528M bbls, the highest since April 2017, the US Energy Information Administration...

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News Dry Cargo Steel

US HRB Price Continues Lower

The US domestic hot-rolled band (HRB) price dropped by $34/t in the two-weeks to 27 April to the lowest level since November 2016 at $543/t, bringing the total decline over the past seven weeks to $108/t,...

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News Oil

Russian seaborne exports set to decline 1M b/d in May.

Port loading schedules issued by national pipeline monopoly Transneft have indicated that seaborne exports of crude oil from Russia are due to fall to 2.06M b/d in May, a m-o-m decline of 934K b/d and 1.13M...

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News Dry Cargo Iron Ore

Chinese Iron Ore Imports from Brazil Fall

Total Chinese iron ore imports slipped to 85.9 Mt in March (-0.5 Mt year-on-year), according to customs data. A 4.3 Mt annual fall in receipts from Brazil (to 14.6 Mt) was partially offset by increases...

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News Dry Cargo Economy

Chinese Industrial Profits Drop in March

Profits at Chinese industrial firms in March dropped by 34.9% year-on-year to 370.7 billion yuan, according to the National Bureau of Statistics. However, this was slightly slower than the 38.3% fall...

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