Wednesday

30-07-2025 Vol 19

Month: June 2025

US Oil Reserve Deliveries Delayed Until Year-End 2023

The U.S. Department of Energy has announced that the completion of crude oil deliveries to the Strategic Petroleum Reserve (SPR)…

Goldman Analysts Suggest Oil Market Indicates Low Risk of Supply Disruption

Goldman Sachs analysts recently reported that the options markets indicate only a 4% chance of a significant disruption in oil…

Iron Ore Sees Biggest Weekly Surge in Six Weeks Amid Declining Inventory Levels

Iron ore futures experienced a significant rise on Friday, marking their largest weekly gain since mid-May as a result of…

ISU Publishes 2024 Salvage Industry Statistics: Insights and Trends Unveiled

The International Salvage Union (ISU) has released its annual statistics for 2024, highlighting key trends within the salvage industry. These…

Drewry Reports a 5.6% Increase in Port Throughput Index for April

Drewry has reported an increase in its Global Container Port Throughput Index for April, rising 5.6% year-over-year (YoY) and 0.5%…

China’s Industrial Profits Drop Sharply in May After Previous Gains

China’s industrial profits experienced a significant decline in May compared to the previous year, driven by weakening factory activity amid…

Asia Distillates Markets Decline as South Korean Refiners Offload Over 21 Gasoil Cargoes for July

Asia’s middle distillates markets experienced a decline last Friday, primarily due to an influx of supply for July that dampened…

Putin: OPEC+ Forecasts Increased Oil Demand, Particularly During Summer Season

On Friday, Russian President Vladimir Putin announced that the OPEC+ group, which includes major oil producers like Russia, anticipates an…

China’s Copper Smelters Secure Unexpectedly High Processing Fee from Antofagasta, Sources Reveal

Chinese copper smelters have reached a surprising agreement with Chilean miner Antofagasta, settling on a processing fee of $0, marking…

Outlook on Fuel Availability in the Americas

Americas Fuel Availability Outlook **North America** Bunker fuel demand has seen an increase in Houston over the past week. Recommended…