Month: June 2025
June 27, 2025
Oil
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)…
June 27, 2025
Oil
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…
June 27, 2025
News
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…
June 27, 2025
News
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…
June 27, 2025
Report
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%…
June 27, 2025
China
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…
June 27, 2025
News
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…
June 27, 2025
Oil
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…
June 27, 2025
China
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…
June 27, 2025
News
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…