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Links to previous press releases are below.

News Oil

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...

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News Oil

OPEC+ 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...

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News Steel

Japan’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...

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News Economy

China’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...

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News Oil

US 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...

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News Steel

HRB 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....

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News Coal

Japan’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...

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News Steel

Chinese 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.