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economy

Oil prices surged over 1% amid cold weather and Russian supply concern
10 Jan 2025 Extreme winter conditions pose risks of disrupting oil production, as freezing temperatures may lead to temporary freeze-offs and production cuts, while simultaneously boosting fuel demand.
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10 Jan 2025

economy

Freightos: Weekly Ocean Freight Index Update

A prolonged shutdown at East Coast ports could have a global ripple effect, reducing vessel and container availability at origin ports in Europe and Asia. This scenario may lead to further delays and increased freight rates in these regions.
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10 Jan 2025

economy

EIA: US crude inventories declined for the seventh consecutive week

Refinery activity showed a slight uptick, with the refinery utilisation rate increasing from 92.7% to 93.3%. This reflects continued strong demand for refined products and robust operational performance by US refiners.
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10 Jan 2025

economy

Dalian Commodity Exchange: 10 January 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 10 January 2025 settled as follows:
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09 Jan 2025 PET Bottle

economy

Update: Malaysia imposes provisional anti-dumping duties on PET resin imports from China and Indonesia

While MITI claims that the provisional duties aim to prevent further injury to Malaysia’s PET resin industry, the sweeping measures—especially the 37.44% blanket duty on Indonesian imports—raise concerns about their broader implications.
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09 Jan 2025

economy

Oil markets rise on tightened sanctions and cold weather demand

Supply pressures intensified following reports from Russia indicating that its oil production in December fell below its OPEC+ output target. The decline was attributed to a sharp reduction in seaborne exports, which reached their lowest levels since August 2023.
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09 Jan 2025

economy

Dalian Commodity Exchange: 09 January 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 09 January 2025 settled as follows:
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08 Jan 2025

economy

Media: US blacklists Chinese shipping firm and shipbuilders amid heightened maritime scrutiny

Unlike the Specially Designated Nationals list, a DOD blacklist carries no specific penalties. However, the department discouraged US firms from dealing with these companies, which would result in higher operational costs
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