Saturday

17-05-2025 Vol 19

Trade War Likely to Reduce China’s Steel Exports and Worsen Domestic Oversupply Issues

China’s steel exports are anticipated to decline significantly in the second quarter of the year, a development that could worsen…

TORM Announces First Quarter Results Below Expectations, Consistent with Forecasts

TORM has reported its first quarter results for 2025, which align with expectations despite ongoing geopolitical challenges. Jacob Meldgaard, the…

Federal Reserve’s Cautious Approach May Continue Until September

The Federal Reserve has maintained its monetary policy, keeping the Fed funds target rate between 4.25% and 4.50%. This decision…

China’s Exports Expected to Decline Sharply in April Due to Impact of Trump Tariffs

China’s export growth is expected to have declined sharply in April due to the effects of tariffs imposed by former…

Middle East Crude Benchmarks Decline After Two Consecutive Days of Increases

Middle East crude benchmarks such as Oman, Dubai, and Murban experienced a decline on Thursday after two days of price…

China’s Oil Industry Maintains Low Hopes for US Trade Talks Amid Ongoing Tensions

Chinese oil and chemical companies remain cautious as uncertainties in US-China trade relations persist despite high-level talks scheduled for this…

Iron Ore Prices Drop Amid Anticipations of Steel Production Cuts in China

Iron ore prices experienced a decline on Thursday, influenced by expectations of reduced demand due to potential cuts in crude…

KCC Q1 2025: Navigating Uncertainty and Seasonal Challenges with a Steady Approach

Klaveness Combination Carriers ASA (KCC) has reported an EBITDA of USD 15.0 million and an EBT of USD 4.3 million…

Wallenius Wilhelmsen Achieves Strong Q1 Performance Amidst Market Uncertainty

Wallenius Wilhelmsen has demonstrated resilience by achieving a strong start to 2025, even amidst rising market uncertainties stemming from US…

Asia Fuel Oil Spot Differentials See Minor Gains as Inventories Experience Decline

Spot fuel oil differentials in Asia saw minor increases on Thursday, while onshore inventories in Singapore continued to decrease. The…