Cyclone in Western Australia weighs on Capesize freight rates; threatens cargo loadings

The intensification of Tropical Cyclone Ilsa into a Category 4 storm off the coast of Western Australia has kept market participants in watchful mode as shipping schedules and loading operations risk facing delays. Sources said the uncertainty of the impact of this tropical cyclone may weigh on...

https://www.spglobal.com/platts/en/market-insights/latest-news/shipping/041223-cyclone-in-western-australia-weighs-on-capesize-freight-rates-threatens-cargo-loadings

FUJAIRAH DATA: Oil product inventory rises as light distillates stocks soar 18%

Stockpiles of oil products at the UAE’s Port of Fujairah rose 3.5% in the week ended April 10, led by a spike in light distillates, according to Fujairah Oil Industry Zone data published April 12. Total inventories rose to 19.863 million barrels, the highest level since March 27, the FOIZ data...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/041223-fujairah-data-oil-product-inventory-rises-as-light-distillates-stocks-soar-18

Bangladesh receives first gasoil delivery via new India-Bangladesh pipeline

Bangladesh received in the second half of March around 9,000 mt of 0.005% sulfur gasoil from India via the new India-Bangladesh Friendship Pipeline which connects the two countries, a senior official at state-run Bangladesh Petroleum Corporation told S&P Global Commodity Insights April 11. India’s...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/041223-bangladesh-receives-first-gasoil-delivery-via-new-india-bangladesh-pipeline

US imports bounce back in March despite dwindling China cargo

chart showing imports

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U.S. imports showed signs of life in March, rebounding from February, but the outlook remains highly...

https://www.freightwaves.com/news/us-imports-bounce-back-in-march-despite-dwindling-china-cargo

OPEC+ crude oil production drops in March as sanctions hit Russian output: Platts survey

To get Platts OPEC+ survey sooner, join Platts Dimensions Pro . Crude oil production from OPEC+, a coalition of OPEC and other oil producers, fell by 300,000 b/d in March as sanctions hit Russian output, the latest Platts survey by S&P Global Commodity Insights from April 11 found. OPEC production...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/041123-opec-crude-oil-production-drops-in-march-as-sanctions-hit-russian-output-platts-survey

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