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Sunday, 26 April 20
STRONGER BUNKER PRICES FAIL TO RALLY FREIGHT MARKET - FIS
VLSFO bunker prices rebounded by $22.50 to $229/mt in the port of Singapore but failed to turn around the spot freight market.
 
Some trade sources expect further drop of VLSFO due to competitive prices offered by other ports in the region.
 
For instance, China’s Zhoushan port had offered VLSFO at a record discount to Singapore’s levels of $31.50/mt since the start of week.
 
Besides, the crude prices recovery was still at its infancy after the recent wild swings, and might not find the bottom yet as COVID 19 is believed to slash oil demand as much as 20-30 million barrels per day, against the OPEC + output cut of 9.7-10 million barrels per day.
Source: Freight Investor Services


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Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...


Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
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Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
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Sunday, 16 April 23
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Tuesday, 11 April 23
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