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economy

Oil surged to two-month high on Middle East tensions, US-China trade optimism
12 Jun 2025 The rally was triggered by reports that the United States is preparing to evacuate its embassy in Iraq due to heightened security threats across the region.
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12 Jun 2025

economy

Media: Chinese buyers cautiously re-engage with US propane as trade tensions eased

Market participants view this as a potential turning point in a trade relationship that has been largely dormant since punitive tariffs derailed flows during the height of the US-China trade war.
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12 Jun 2025

economy

Malaysia to impose 5% sales tax on over 4,800 goods from July; including petchem products

Among the newly taxed items are major petrochemical inputs under HS headings 3901 through 3907, covering polymers such as polyethylene
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12 Jun 2025

economy

EIA: US crude stocks fell as refineries ramp up for summer demand

The US Energy Information Administration (EIA) has reported a notable drop in commercial crude oil inventories last week, driven by stronger refinery activity as the sector enters the peak season.
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12 Jun 2025

economy

Dalian Commodity Exchange: 12 June 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 12 June 2025 settled as follows:
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11 Jun 2025

economy

Freightos Baltic: Transpacific container rates surge past $6,000/FEU amid frontloading rush

Global ocean freight markets saw a sharp and widespread escalation in rates over the past week, driven by robust early peak season demand and frontloading activity ahead of looming tariff changes.
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11 Jun 2025

economy

Explosion and fire aboard container vessel en route to India; PVC cargo affected

Several Indian importers have confirmed that containers carrying Taiwanese-origin PVC were onboard at the time of the incident.
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11 Jun 2025

economy

Dalian Commodity Exchange: 11 June 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 11 June 2025 settled as follows:
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