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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Markets
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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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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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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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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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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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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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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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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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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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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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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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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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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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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