China’s February crude oil imports hit second highest on record

China’s crude oil imports rose to the second-highest level on record in February, as strong demand from independent “teapot” refiners continues to drive growth.

Russia cuts oil output in February but compliance is low – sources

Russian oil production fell in February to around 11.10 million barrels per day (bpd), from over 11.2 million bpd in October, two sources familiar with the data told Reuters on Wednesday, showing weak compliance with agreed supply curbs.

No peak yet as China’s February iron ore imports stay strong: Russell

If you did nothing more than look at China’s imports of iron ore, you would be satisfied that the robust rally in the price of steel-making ingredient is entirely justified.

Iraq’s February Oil Sales Accelerate Despite OPEC Effort to Cut

Iraqi crude shipments rose 3 percent in the first half of February even after OPEC’s second-biggest producer agreed to participate in global output cuts to mop up a glut that has put pressure on oil prices.

Final El Faro Hearings to Start in February

The third and final Coast Guard Marine Board of Investigation hearing into the El Faro disaster is scheduled to start on February 6, 2017, in Jacksonville.

Cosco Pacific February throughput falls 3.5% to 4.9m teu

Port operator Cosco Pacific is succumbing to the ongoing downturn in the container shipping industry, with a 3.5% drop in throughput in February to 4.9m teu compared to 5m teu in the previous corresponding period and accelerating from a 0.7% fall in Janua

China’s February Exports Rise 48.9%

China’s exports surged in February, exceeding all estimates as the economy benefited from U.S. growth and worked through data distortions linked to the Chinese New Year holiday and a crackdown on fake invoicing.