U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude.
Trump’s Revenge: US Oil Floods Europe, Hurting OPEC, Russia Read More »
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday to near 15-week highs, boosted by rising rates for capesize vessels. The overall index, which factors in rates for capesize…
Baltic Index Near 15-week High Read More »
Shipbrokers Simpson, Spence and Young’s Atlantic Capesize Index down by 2,041 points in the week ending Monday to 7,323. “Led by gains on trans-Atlantic routes, the SSY Atlantic Capesize Index to the highest level since the second week of January at 7,…
SSY: Atlantic Capesize Index Gain by 2,041 Points Read More »
Engineering group Alfa Laval reported quarterly earnings and order intake above market expectations on the back of an upturn in the oil and gas sector on Monday and forecast demand would remain at the same level in the second quarter. The company…
Alfa Laval’s Volume, Profit Both Beat Street Read More »
China first domestically developed aircraft carrier looks set to begin sea trials after pictures appeared on the Chinese internet on Monday of it leaving its dock in the northeastern port of Dalian. The still-unnamed carrier was launched this…
China’s First Home-built Carrier to Start Sea Trials Read More »