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economy

Freightos: Weekly Ocean Freight Index Update
16 Oct 2024 Importers, mindful of extended lead times and complications such as the Red Sea diversion, placed orders much earlier this year to meet year-end demand. This strategic shift has contributed to the current lull in activity. Industry experts suggest that the downtrend in booking rates is likely to continue, but a sharp decline seems unlikely
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16 Oct 2024

economy

Dalian Commodity Exchange: 16 October 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 16 October 2024 settled as follows:
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15 Oct 2024

economy

Oil prices slid 2% on OPEC’s downgraded demand projections and sluggish Chinese economy

Oil prices fell by 2% on Monday as OPEC once again revised its outlook for global oil demand growth in 2024. This marks the producer group's third consecutive downward revision.
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15 Oct 2024

economy

Dalian Commodity Exchange: 15 October 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 15 October 2024 settled as follows:
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14 Oct 2024

economy

US expanded economic sanctions on Iran with petroleum and petrochemical sectors declared off-limits

The US Treasury Department has expanded its economic sanctions on Iran, specifically targeting the country’s petroleum and petrochemical sectors, in response to the recent attack on Israel. The new measures aim to limit Iran’s ability to finance destabilizing activities in the region.
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14 Oct 2024

economy

Oil market settled lower on Friday but registered the second consecutive weekly gains

International oil benchmarks continued their downward trend on Friday, October 11, 2024, as investors grappled with a complex set of factors influencing the market, including the impact of Hurricane Milton on fuel demand in Florida, the potential for economic stimulus in China, and escalating geopolitical tensions between Israel and Iran.
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14 Oct 2024

economy

Dalian Commodity Exchange: 14 October 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 14 October 2024 settled as follows:
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14 Oct 2024

economy

China’s CEIC to invest in multi-billion dollar coal-to-oil project, targeting petrochemical sector

This initiative, located in Hami, Xinjiang province, is set to produce 4 million tons of oil products annually, primarily intended as feedstock for the petrochemical industry.
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