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economy

Oil eased 1% on profit-taking despite looming dual-strait closure threats
17 Jul 2026 Global crude benchmarks slipped on Thursday as profit-taking and short-covering exhaustion interrupted a multi-day rally, though escalating threats to critical Middle Eastern transit chokepoints
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17 Jul 2026

economy

India cuts tariffs on Omani polymer imports under new trade pact

India will reduce tariffs on a range of Oman-origin polymer imports by 50% over five years, the country's commerce and industry ministry confirmed on 13 July
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17 Jul 2026

economy

Commodity Exchange: 17 July 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 17 July 2026 session with the following settlements.
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16 Jul 2026

economy

Update: India reinstated polymer import tariffs as temporary zero-duty window expires

India’s domestic petrochemical and processing sectors face an immediate shift in landed raw material costs following the official expiration of the temporary zero-duty import window.
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16 Jul 2026

economy

Oil edged higher as bearish EIA inventory metrics offset escalating Middle East hostilities

Global crude benchmarks recorded marginal gains on Wednesday as softer-than-expected US inventory draws countered intensifying military exchanges in the Middle East.
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16 Jul 2026

economy

EIA: Crude and gasoline contract as distillate inventories surge amid elevated refinery runs

US commercial crude inventories fell by 1.7 million barrels in the week ending July 10, lowering total stocks to 409.7 million barrels as refiners accelerated operations and imports held steady.
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16 Jul 2026

economy

Commodity Exchange: 16 July 2026

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 16 July 2026 session with the following settlements.
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15 Jul 2026

economy

Freightos Baltic: Frontloading ahead of transpacific tariff changes pulls peak season forward as Hormuz tensions add to pressure

The rally has been driven mainly by an unusually early peak season rather than fuel costs. Frontloading ahead of transpacific tariff changes, combined with Hormuz-linked cost pressures prompting early east-west bookings
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