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Links to previous press releases are below.

News Oil

OPEC+ agree to maintain oil output increase schedule

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...

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News Dry Cargo Iron Ore

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.

News Oil

US gasoline stocks rebound from four-year low

Total US motor gasoline stocks increased by 4M bbls w-o-w to 215.4M bbls during the week ending 26 November, rising to a five-week high after reaching the lowest level since November 2017 during the...

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News Dry Cargo Economy

OECD Forecasts Unbalanced Economic Recovery

In the OECD’s December Economic Outlook, the organisation downgraded its estimate for world GDP growth in 2021 by 0.2 percentage points (pp) from its previous outlook in May to 5.6%, citing...

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News Dry Cargo Economy

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.

News Oil

Russian seaborne crude exports to build in December

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...

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News Oil

Mexico’s crude exports reach six-month low in October

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...

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News Dry Cargo Steel

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.