Links to previous press releases are below.
Oil price falls on renewed coronavirus concerns
Brent futures fell to $55.56/bbl by Monday afternoon, a drop of $2.94/bbl from Friday as markets reacted to the spread of the coronavirus outside China.
Health officials in China lowered their...Read More
Japanese Steel Exports Drop
At 8.3 Mt, Japanese steel exports dropped 0.6 Mt annually in the 4q19, data from the Japan Iron and Steel Federation reveal. The fall featured declines in exports to Asia (-0.8 Mt to 6.5 Mt) and North...Read More
Chinese crude imports from Saudi Arabia rise
Chinese crude imports from Saudi Arabia in 2019 rose by 534K b/d y-o-y to 1.67M b/d, according to Chinese customs data.
The increase means Saudi Arabia has overtaken Russia to become China’s...Read More
Mexico's annual crude output falls
Mexico's crude output in 2019 fell 135K b/d y-o-y to 1.68M b/d, according to data from Pemex.
Refined product imports in 2019 also dropped, falling to the lowest level since 2016. Mexico imported...Read More
China expected to cut refinery runs by 0.6-1M b/d
China based analysts expect Chinese refiners to cut runs by between 0.6M b/d and 1.0M b/d on weaker domestic demand as a result of the coronavirus, Reuters reports.
Lower runs will likely result...Read More
Trucking Halt at Major Chinese Iron Ore and Coking Coal Ports
All trucks have been forbidden from entering or leaving two of China’s major iron ore and coking coal discharge ports (Jingtang and Caofeidian) as of 28 January as the country looks to control any further...Read More
South Africa’s Iron Ore Exports
South Africa’s iron ore exports in the first eleven months of 2019 reached 60.0 Mt, up 2.2 Mt on the corresponding period in 2018, data from the Tex Report reveal. January-November shipments to China...Read More
OPEC+ cuts could extend to June
The current round of crude oil production limits agreed in December could be extended to June if oil demand in China is significantly impacted by the coronavirus, Reuters reports.
The coronavirus...Read More