Markets

Markets

Exxon-Mobil

October 30, 2020

Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s biggest oil explorer as...
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FILE PHOTO - The headquarters of of mining company Vale SA is pictured, in St-Prex, Switzerland January 30, 2019. REUTERS/Denis Balibouse

October 30, 2020

Brazilian miner Vale SA on Wednesday reported that its third quarter net profit nearly doubled, as the company boosted iron ore production and inventories following...
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iran-oil

October 27, 2020

The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move...
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Malta-flagged Iranian crude oil supertanker "Delvar" is seen anchored off Singapore in this March 1, 2012 file photo. The United States expects countries that buy oil from Iran to further reduce their purchases if they want to avoid U.S. sanctions, a State Department source said on December 5, 2012.  REUTERS/Tim Chong (SINGAPORE - Tags: BUSINESS POLITICS ENERGY MARITIME)

October 26, 2020

Brazil jumped to China’s third-biggest crude oil supplier in September, import data showed on Sunday, as China’s independent refiners scooped up cheap supplies of the...
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Gibson

October 26, 2020

Earlier this month the International Energy Agency (IEA) released its long-term energy outlook, demonstrating different paths for future energy market developments. Four scenarios were introduced....
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crude oil export korea

October 23, 2020

U.S. crude oil exports are expected to sputter through the end of 2020 due to weak production and unfavorable economics for foreign buyers of U.S....
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Venez_PDVSA

October 21, 2020

An oil tanker operated by Venezuelan state oil company Petroleos de Venezuela on Tuesday approached a floating oil facility where it is expected to receive...
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crude_tanker

October 21, 2020

China’s flow of crude oil into storage accelerated in September, reversing two months of declines, as the world’s biggest importer of the fuel continued to...
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Dalian Iron Ore

October 20, 2020

Dalian iron ore futures dropped to a three-week low on Monday as China’s rising portside inventory and a bleak outlook for domestic steel demand during...
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soybean export brazil

October 19, 2020

China’s state-owned companies are expected to buy a substantial amount of US soybeans in coming weeks amid reports that the Chinese national reserve is set...
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Gibson

October 19, 2020

China’s announcement last month that it pledged to reach ‘carbon neutrality’ before 2060 could have serious implications for the global economy and the tanker community...
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containers

October 16, 2020

With the U.S. importing more goods than it’s exporting, shipments of American cotton, grain and hay are getting squeezed due to limited availably of shipping...
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coal

October 15, 2020

Chinese and international steel market participants do not expect Australian iron ore to be subject to import restrictions such as those impacting Chinese imports of...
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shipping-iron-ore

October 14, 2020

China’s iron ore imports in September rose thanks to a combination of a supply lift from major miners and easing port congestion, with the coming...
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Vale

October 13, 2020

Vale informs that its Board of Directors approved the establishment, by its subsidiary Vale International S.A., of a Joint Venture with Ningbo Zhoushan Port Company...
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