22 Nov 2024
22 Nov 2024
21 Nov 2024
Despite these losses, prices found some support due to escalating tensions in Eastern Europe, which heightened concerns over potential supply risks from the region. A weakening US dollar also helped cushion the decline
21 Nov 2024
Meanwhile, the Asia-Europe trade lane has experienced a sharp increase in freight costs, with rates climbing by approximately 30% since early November. To reflect heightened demand, carriers have introduced General Rate Increases (GRIs), with some aiming to push December rates above $6,000/FEU.
21 Nov 2024
Despite the inventory build, total US crude stocks remain 4% below the five-year average for this time of year, standing at 430.3 million barrels. The rise in imports helped counterbalance a slight decline in domestic oil production
21 Nov 2024
20 Nov 2024
However, upward momentum in oil prices was limited by the partial resumption of production at a major oil facility in Western Europe. Furthermore, a Reuters survey of analysts projects a smaller-than-anticipated inventory build
