31 Jan 2025
Global shipping rates continued to decline for the second consecutive week as manufacturing and logistics activity slowed due to the Lunar New Year holiday. Transpacific freight rates to the US West Coast dropped 17% since mid-January
30 Jan 2025
27 Jan 2025
International crude benchmarks ended Friday, January 24, 2025, with modest gains but logged their first weekly loss in four weeks, as market dynamics shifted amid US policy changes and global demand concerns.
27 Jan 2025
A closer look at the PMI data reveals troubling signs: new domestic orders slid by 1.8 percentage points to 49.2, while export orders declined even further, plunging 1.9 points to 46.4, highlighting weakening demand both at home and abroad.
27 Jan 2025
24 Jan 2025
Speaking at the World Economic Forum in Davos, Switzerland, the US President announced plans to urge Saudi Arabia and OPEC to bring down oil prices. While this rhetoric is expected to resonate favourably with consumers and businesses grappling with inflation
24 Jan 2025
Refinery utilisation rates saw a significant drop, falling to 85.9% from 91.7% the previous week. This sharp decrease underscores a notable slowdown in refinery activity, potentially signalling weaker downstream demand or operational challenges.
