Oil prices hover near 14-month low amid demand concerns

07 Sep 2024 Despite a notable 6.9 million-barrel drop in US commercial crude inventories last week, as reported by the EIA, and discussions within OPEC+ about delaying planned supply hikes originally set for October, market sentiment remained subdued.

07 Sep 2024

EIA: US crude oil inventories hit lowest since September 2023 as imports fall

US crude oil inventories fell sharply last week to their lowest level since September 2023, driven by a significant reduction in imports, while gasoline stockpiles edged higher as the summer driving season drew to a close

06 Sep 2024

Dalian Commodity Exchange: 06 September 2024 (Night trading)

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 06 September 2024 settled as follows:

06 Sep 2024

Dalian Commodity Exchange: 06 September 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 06 September 2024 settled as follows:

05 Sep 2024

Oil prices fell as demand concerns outweighed possible OPEC supply restoration delay

The OPEC+ alliance, which had planned to increase output by 180,000 barrels per day next month, is now reconsidering its strategy amid the deteriorating market outlook.

05 Sep 2024

Freightos: Weekly Ocean Freight Index Update

The latest data from the Freightos Baltic Index indicates a marginal decline in ocean freight rates from Asia to key destinations, driven by weakened demand and intensified competition from smaller carriers.