Links to previous press releases are below.
The OPEC+ coalition has agreed to maintain its existing strategy of increasing collective oil production by 400K b/d in January, according to Argus. This decision comes despite market concerns surrounding...Read More
Australian Iron Ore Shipments Drop
Australian iron ore exports (wet basis) declined in October, down 3.5 Mt year-on-year to 76.3 Mt, according to the Australian Bureau of Statistics. At 755.7 Mt, shipments over January-October were 2.7 Mt below the corresponding period in 2020.
China’s Manufacturing Sector Returns to Expansion in November
China’s official manufacturing purchasing managers’ index (PMI) returned to growth in November with a reading of 50.1 (a value above 50 indicates expansion), following two successive months of contraction, according to the National Bureau of Statistics.
Russian seaborne crude oil exports are set to rise by 24K b/d m-o-m and 808K b/d y-o-y to 2.21M b/d in December, supported by easing OPEC+ production restrictions, EnergyIntel data showed. Total exports...Read More
Mexico’s crude oil exports declined by 47K b/d m-o-m to 936K b/d in October, falling for the third consecutive month to the lowest level since April, according to data from Pemex. This remains up by...Read More
Japanese Steel Exports
At 2.8 Mt, Japanese steel exports edged up 0.3 Mt year-on-year in October, customs data reveal. Despite the annual increase, shipments were at their lowest level for five months.