Links to previous press releases are below.
US to release 180M bbls of crude from Strategic Petroleum Reserves
The US has announced that it will release 1M b/d of crude oil from its Strategic Petroleum Reserves (SPR) over the next six months in an attempt to ease energy prices following Russia’s invasion of...
Read MoreOPEC+ agree to continue oil output policy in May
The OPEC+ coalition has agreed to maintain its existing plan of increasing collective crude oil output by 432K b/d in May, Argus reports. The group had been boosting its production target by 400K b/d...
Read MoreJapan’s February Steel Exports
Japanese exports of steel were 2.6 Mt in February, 0.1 Mt below the same month last year but 0.2 Mt above January, according to Japanese Iron and Steel Federation data. Shipments to Asia fell from the...
Read MoreChina’s Manufacturing PMI Falls
China’s manufacturing Purchasing Managers’ Index (PMI) fell 0.7 points month-on-month to 49.5 in March (a reading below 50 indicates contraction), its lowest level since October, according to official...
Read MoreUS crude stocks fall to lowest since September 2018
US commercial crude oil inventories declined by 3.4M bbls w-o-w and 91.9M bbls y-o-y to 409.9M bbls during the week ending March 25, falling for the second week in a row to the lowest level since September...
Read MoreHRB Prices Increase
The Western European domestic price for hot rolled band (HRB) steel has climbed further to a new high, up $100/t over the two weeks to 28 March to $1,550/t, according to World Steel Dynamics’ SteelBenchmarker....
Read MoreJapan’s Coal Imports by Source
Japan imported 14.6 Mt of coal in February (including anthracite), according to government data reported by McCloskey.
At 11.1 Mt, steam coal shipments were lower year-on-year after declines...
Read MoreChinese Rebar Price Rise
The Chinese domestic steel rebar price reached a three-week high at $657/t on 29 March, up $20/t month-on-month and $36/t above the year ago price, according to World Steel Dynamics.