EIA: US crude inventories decline for the sixth consecutive week; gasoline stocks surge

03 Jan 2025 Crude oil inventories now stand at 415.6 million barrels, approximately 5% below the five-year average for this time of year. Meanwhile, refinery utilization edged higher, with operating rates reaching 92.7%, up from 92.5% the previous week.

03 Jan 2025

Dalian Commodity Exchange: 02 January 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 02 January 2025settled as follows:

02 Jan 2025

Indonesia’s 1% VAT increase modified to affect only luxury items; petrochemical players breathe sighs of relief

The decision was in response to mounting criticism, specifically regarding the impact a 1% VAT hike has on consumption and manufacturing activity, both already languishing beneath high inflationary pressures. Critics also highlighted concerns about the impact of increased taxation

02 Jan 2025

Freightos: Weekly Ocean Freight Index Update

The traditional seasonal surge in demand ahead of the Lunar New Year (LNY) is being amplified by an unusually high volume of shipments directed toward the United States for this period. Shippers are expediting imports in anticipation of potential tariff increases

02 Jan 2025

Daily Polyolefins Market

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EIA: US crude inventories decline for the sixth consecutive week; gasoline stocks surge

Dalian Commodity Exchange: 02 January 2025

Indonesia’s 1% VAT increase modified to affect only luxury items; petrochemical players breathe sighs of relief

Freightos: Weekly Ocean Freight Index Update

Dalian Commodity Exchange: 02 January 2025

Wishing You a Prosperous and Joyful New Year!

Dalian Commodity Exchange: 31 December 2024

Dalian Commodity Exchange: 30 December 2024