Tanker rates drop off but remain positive for owners

​Freight rates for the tanker shipping market have dropped off relatively quickly last week following the prior week’s dramatic surge, amidst a market that has seen significant adjustments for a better balance in the supply-demand equation.

Cosco Shipping: Piraeus Port First Half Profits drop on Increased Investment Expenditure

Results of the Group for the six months ended 30 June 2017 are highlighted as follows: – Revenue increased 0.3% to US$275,776,000 (1H2016: US$274,983,000).

Brazil diesel imports hit record despite drop in local sales

Brazilian diesel imports surged 60 percent to hit a record high in the year to May compared with the same...

Oil prices drop as OPEC loses control of narrative: Kemp

Oil traders have finally given up on an early rebalancing of the crude market, with flat prices and calendar spreads plunging to the lowest level since OPEC’s agreement was announced.

Saudi Oil Exports Drop to 2015 Low as Kingdom Sticks to Cuts

Saudi Arabia, the world’s largest crude shipper, trimmed exports to a 21-month low in February as local refineries took advantage of more abundant supplies and processed a record amount of crude.

OPEC reports drop in January oil output, revises oil demand growth upwards

The OPEC Reference Basket averaged $52.40/b in January, representing a gain of 73¢ over the previous month. NYMEX WTI and ICE Brent also saw gains, increasing by 44¢ and 53¢ to average $52.61/b and $55.45/b

Exports drop for 15th straight month in June

Merchandise exports fell 11.4 percent in June, its 15th straight month of decline, due to the persistent weak demand from major export markets, the National Economic and Development Authority (NEDA) said yesterday.