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economy

Oil rallied over 5% as sanctions tightened global supply outlook
24 Oct 2025 Oil prices surged over 5% on Thursday to a two-week high as new sanctions targeting major Russian energy producers heightened concerns over potential supply disruptions.
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24 Oct 2025

economy

EU targets China’s petrochemical producers in expanded Russia energy sanctions

The European Union has imposed a new round of sanctions on Russia’s energy network, naming China’s Shandong Yulong Petrochemical and Liaoyang Petrochemical among the restricted entities in its 19th sanctions package.
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24 Oct 2025

economy

Commodity Exchange: 24 October 2025

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 24 October 2025 session with the following settlements.
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23 Oct 2025

economy

Oil extended gains as market shrugged off oversupply fears

Oil prices rebounded sharply on Wednesday, as technical indicators signalled that recent losses were excessive and a bullish US inventory report eased concerns over oversupply.
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23 Oct 2025

economy

Freightos Baltic: Transpacific and Asia–Europe rates rebound on GRIs amid trade war turbulence

Transpacific and Asia–Europe freight rates strengthened last week, supported by mid-month general rate increases (GRIs) and tighter capacity management, even as trade tensions between the US and China intensified.
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23 Oct 2025

economy

EIA: US crude inventories record surprise draw as refiners ramp up throughput

US commercial crude inventories posted an unexpected decline in the week ending 17 October, falling by 1 million barrels to 422.8 million barrels, according to the latest Energy Information Administration (EIA) data.
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23 Oct 2025

economy

Commodity Exchange: 23 October 2025

Most actively traded petrochemical futures on the Dalian and Zhengzhou Commodity Exchanges wrapped up the 23 October 2025 session with the following settlements.
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22 Oct 2025

economy

Oil rebounded from five-month lows as traders weighed supply signals

Oil prices recovered on Tuesday, snapping a three-day decline, as traders reassessed expectations of a potential supply glut and monitored developments in global trade relations.
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