US imports no Saudi crude oil for first time in 35 years
The U.S. didn’t import any Saudi crude last week for the first time in 35 years, a reversal from just months ago when the Kingdom…
Qatar Airways Cargo is giving back to the communities through WeQare, its sustainability project
The world’s leading cargo carrier introduced its sustainability project, WeQare, that consists of a series of positive and impactful actions in the form of chapters.…
FBX Weekly: Carriers roll back transpac increases, but Asia-EU and Mediterranean hit $7,000/FEU
Key insights: 1 Ocean carriers seem to have thought twice about increasing transpacific rates that had plateaued since Chinese regulators intervened in September. Last week’s…
Michelin blames French job cuts on flood of cheap tire imports
Michelin plans to cut 11% of its French workforce over three years as the tire maker slashes costs and moves more aggressively into new markets…
FTR’s Shippers Conditions Index for October reflects worsening market conditions
FTR’s Shipping Conditions Index for October fell to a -11.6 reading reflecting sharply worsening market conditions.
Winter is colder this year and that’s good for energy prices
Freezing weather that’s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a…
Gulf Arabs agree to restore Qatar ties but no word on OPEC role
Saudi Arabia and three other Arab states agreed to fully restore ties with neighboring Qatar on Tuesday after a sustained U.S. push for the countries…
India considers creating bank with $13.7 billion equity capital to fund roads
India is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi’s administration aims to…
Oil refiners reel from Saudi pledged cuts even as demand eases
Several oil refiners in Asia were taken aback by Saudi Arabia’s pledge to curb 1 million barrels a day of supplies from next month even…
China turns to new commerce minister as US tensions simmer
Wang Wentao has the investor-friendly background that one might expect from China’s next commerce minister. But it’s political credentials that might be key to his…
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