Dry Bulk: Freight and the Grain Glut – Why the price of grain matters little to the dry bulk market

Genetically modified grains are becoming even more commonplace in global agriculture. Behemoths like Monsanto, Bayer...

Surge in oil hedging could worsen US supply glut

Wood Mackenzie’s latest analysis of oil and gas hedging activity shows a recent surge in oil hedges.

Gasoline Glut in New York Has Traders Sending Cargoes Abroad

Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies on fuel imports from Europe and eastern Canada, shipping data compiled by Bloomberg show.

OPEC could extend or deepen supply cut if oil glut persists – sources

OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level, OPEC sources said.

OPEC sees smaller oil glut, upbeat on non-OPEC cut compliance

The OPEC Reference Basket jumped nearly 20% in December to $51.67/b, ending above $50/b for the first time in 18 months. In contrast, the Basket’s yearly average value came in at its lowest in more than 12 years at $40.76/b.

The glut strikes back as oil returns to brink of bear market

The bullish spirit that gripped oil traders as industry giants from Saudi Arabia to Goldman Sachs Group Inc. declared the supply glut over is rapidly ebbing away.

Oil Glut Deeper Than Just Crude Exposed as Recovery Stumbles

For almost two years, the spotlight in the global oil market has been on a surplus of crude. The latest stumble in prices has shown that the glut extends further.