Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
Like with all commodities, in a trading market you buy on good news and sell when the dust settles.
MSC export restrictions on certain types of personal protective equipment products
There has been an extension to the order making it applicable for another 120 day and due to the evolution of the COVID situation more…
Historic international shipments earn Port of Monroe 2019 Pacesetter Award
The Great Lakes Seaway Partnership applauds the Port of Monroe for earning a 2019 navigation season Robert J. Lewis Pacesetter Award, which recognizes their efforts…
Nigeria signs deal to end disputes over offshore-oil exports
Nigeria’s state oil company signed a preliminary agreement to end a dispute with two energy companies over oil exports, signaling a move toward resolving similar…
Sweet-toothed Indonesia to cut dependence on sugar imports
Indonesia, the world’s biggest buyer of sugar, is striving to cut imports by boosting domestic production at a time when rising affluence is increasing demand…
Supply chain risk grows as weary crews halt ships and clog ports
A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking point caused by restrictions on…
China’s exports jumped in July on stronger U.S., global demand
China’s exports rose in July as economic activity in the rest of the world recovered and shipments to the U.S. jumped, while imports unexpectedly contracted…
China imports second-highest ever amount of soybeans in July
China’s soybean imports were the second highest on record in July as processors increased purchases of cheaper Brazilian supplies and demand for hog feed recovered.
Trump reimposes Canadian aluminum import tariff to stem ‘flood’
The Trump administration will reimpose tariffs on some Canadian aluminum imports, hitting a crucial trade partner just weeks after the president’s landmark North American trade…
One stranded tanker signals peril of trading with Venezuela
In May, a fleet of ships set sail for fuel-starved Venezuela with Iranian gasoline, stunning international observers who wondered if the two nations would so…
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
