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economy

Freightos: Weekly Ocean Freight Index Update
28 Nov 2024 There are growing expectations that shipping liners might attempt to introduce another GRI in December that possibly push rates beyond $6,000/FEU amid measures such as blanked sailings and the accelerated Lunar New Year schedule.
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28 Nov 2024

economy

EIA: US motor gasoline stocks unexpectedly rose, flashing demand concerns

Total motor gasoline stockpiles increased by 3.3 million barrels in the week ending November 22, climbing to 212.2 million barrels. This surprise buildup defied expectations of higher demand, as market had predicted record levels of Thanksgiving travel.
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28 Nov 2024

economy

Dalian Commodity Exchange: 28 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 28 November 2024 settled as follows:
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27 Nov 2024

economy

Oil extended losses on easing geopolitical tension in the Middle East

International crude oil benchmarks continued to decline on Tuesday, 26 November 2024, following reports of a potential ceasefire agreement between Israel and Hezbollah, alleviating concerns over supply disruptions from the Middle East.
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27 Nov 2024

economy

Malaysia’s Petronas Chemicals posts first quarterly loss in over three decades due to forex challenges

Petronas Chemicals Group dialed in its first quarterly loss since its inception in 1988, citing the sharp depreciation of the US dollar against the Malaysian ringgit as the sole factor, The Edge reported.
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27 Nov 2024

economy

Dalian Commodity Exchange: 27 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 27 November 2024 settled as follows:
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26 Nov 2024

economy

Oil fell by roughly 3% as reports signal progress in Middle East truce talks

Global crude oil prices dropped sharply on Monday, 25 November 2024, following reports that Israel and Lebanon had agreed to terms for a potential deal to end the conflict between Israel and Hezbollah.
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26 Nov 2024

economy

Dalian Commodity Exchange: 26 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 26 November 2024 settled as follows:
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