Markets

September 10, 2020

Iranian Tankers Taking Long Route to Venezuela as Gas Shortages Grow

Angry Venezuelans are once again stuck in long service station lines due to rationing by President Nicolas Maduro’s government, which is awaiting fuel tankers on...

September 8, 2020

China’s soybean imports at highest ever for August as pig herd recovers

China’s soybeans import were the highest on record for the month of August, according to customs data, as the country’s pig herd continues to recover...

September 8, 2020

Russian wheat prices rise further on strong global benchmarks

Russian wheat export prices rose for the second consecutive week last week as the Russian market continued to reflect stronger global prices in Chicago, analysts...

September 7, 2020

Gibson Weekly Tanker Market Report [W36]

Its been simmering for a while, but the spat between Turkey, Greece and Cyprus, seems to be escalating. (more…)

epa05142254 The Starla, an Iranian large crude oild tanker with a cargo-carrying capacity of 317,000 dead weight tons, is moored at a buoy of South Korea' largest oil refiner SK Energy off Ulasan, South Korea's southeast coast, 04 February 2016. It marks the second time an Iranian crude oil carrier has made a call at a South Korean port since 17 January, when the international community lifted most economic sanctions against the Middle East country. EPA/YONHAP SOUTH KOREA OUT

September 4, 2020

End of China’s crude oil buying splurge may dent demand optimism

There is a crude oil market narrative that demand is recovering from the shock of the coronavirus pandemic, and therefore producers that previously cut output...

September 3, 2020

China iron ore futures hit 2-week high

Iron ore futures rose on Wednesday, bolstered by expectations of a further pickup in steel output and demand in China against the backdrop of an...

September 1, 2020

Trump Administration Preparing Tighter Venezuela Oil Sanctions

The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday,...

September 1, 2020

China’s iron ore imports set for strong August

China is set to record another month of strong iron ore imports in August, helping to justify the ongoing resilience in the price of the...

August 31, 2020

Gibson Weekly Tanker Market Report [W35]

Refinery rationalisation is back on the agenda... (more…)

Employees working at cargo ship Kypros Land which is loading soybeans to China at Tiplam terminal in Santos, Brazil, Merch 13, 2017. Picture taken March 13, 2017. REUTERS/Paulo Whitaker

August 31, 2020

Containerized soybean exports from US to Asia spike

US containerized soybean exports to Asia are seeing an earlier-than-usual seasonal surge in demand in August, with Taiwanese buyers leading the pack in purchasing, market...

August 24, 2020

Gibson Weekly Tanker Market Report [W34]

For the oil and tanker markets, the Trump Presidency marked a notable shift in global politics, energy markets and international trade. (more…)

August 19, 2020

Total Resumes Offshore Drilling For Angolan Oil

France’s Total has restarted oil drilling in Angola and new exploration ships will also soon resume work, the company’s country chair Olivier Jouny told trade...

August 19, 2020

Iron ore arrivals at Chinese ports rise

A total of 96 vessels carrying 14.81 million mt of iron ore arrived at major Chinese ports during August 9-15, SMM estimates. This was up...

August 18, 2020

Oil steady as China’s plans to boost U.S. imports counters tensions

Oil prices steadied on Monday as news that China planned to ship large volumes of U.S. crude in August and September countered rising tensions between...

August 17, 2020

U.S. says it seized four Iranian fuel shipments en route to Venezuela

The United States on Friday said it has seized four Iranian fuel shipments en route to Venezuela and confiscated the cargoes, disrupting a key supply...