â›˝ Oil closes bullish price gap triggered by surprise OPEC+ output cut Brent and WTI are trading almost 1% lower today. Brent (OIL) dropped below $80 per barrel for the first time since March 31, 2023. This means that price has finally closed a massive bullish price gap that was triggered by an unexpected OPEC+ […]
Freight Management
Freight Management
Freight Management
24
Apr
Apr
Commodities Conflict Forex Freight Management Futures Geopolitical Industry News Latest News Our Blog
Russia’s Medvedev warns Moscow will scrap grain deal if G7 bans exports
(Reuters) – Former Russian president Dmitry Medvedev said on Sunday that if the G7 moved to ban exports to Russia, Moscow would respond by terminating the Black Sea Grain deal that enables vital exports of grain from Ukraine. The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Japan’s Kyodo […]
24
Apr
Apr
Commodities Forex Freight Management Futures Geopolitical Industry News Latest News Middle East Our Blog
Oil prices fall 1% on uncertainty over global outlook, rate hikes
(Reuters) -Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 91 cents, or 1.11%, to $80.75 a barrel by 0627 GMT, while U.S. West Texas Intermediate crude […]
24
Apr
Apr
China talks down already weakening iron ore amid cloudy outlook
Australia (Reuters) – The spot price of iron ore tumbled to a four-month low as Beijing once again talked down the key steel raw material, but as usual the question is whether the intervention will lead to sustained lower prices. The spot price for benchmark 62% iron ore for delivery to north China, as assessed […]
20
Apr
Apr
Commodities Forex Freight Management Futures Geopolitical index Industry News Latest News Middle East Our Blog
WTI looks to Close OPEC+ Output Cut Gap
đź”˝ OIL.WTI is pulling back and looks to close bullish price gap Oil prices are pulling back and are one their way to close the bullish price gap that was triggered by unexpected OPEC+ decision to cut output. Taking a look at WTI (OIL.WTI) at D1 interval, we can see that the recent price advance […]
18
Apr
Apr
Commodities Economic News Forex Freight Management Futures Geopolitical index Industry News Latest News Our Blog
Oil edges up as China’s economy gathers pace
SINGAPORE (Reuters) – Oil prices firmed slightly on Tuesday, after falling 2% in the previous session, as stronger economic data from the world’s largest crude importer China underpinned the demand outlook. Brent crude climbed 34 cents to $85.10 a barrel at 0618 GMT, while U.S. West Texas Intermediate rose 29 cents to $81.12 a barrel. China’s […]
17
Apr
Apr
Commodities Conflict Economic News Forex Freight Management Futures Geopolitical index Industry News Latest News
What are the deals on Ukraine, Russia grain exports?
UNITED NATIONS (Reuters) – The extension of a deal allowing the safe Black Sea export of Ukrainian grain and fertilizers beyond May 18 hangs in the balance after Russia issued a list of demands linked to a related agreement on its own such exports. Here are details on the deals brokered by the United Nations […]
17
Apr
Apr
Commodities Economic News Forex Freight Management Futures index Industry News Latest News Middle East Stocks
Oil holds above $80/bbl on OPEC+ cuts, traders eye China recovery
SINGAPORE (Reuters) – Oil prices edged up slightly on Monday, supported by OPEC+’s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world’s No. 2 oil consumer. Brent crude futures nudged 6 cents higher to $86.37 a barrel by 0350 GMT, while U.S. West Texas Intermediate […]
14
Apr
Apr
Commodities Conflict Forex Freight Management Futures Geopolitical Industry News Latest News Middle East
Oil climbs on tightening supply; IEA demand outlook awaited
(Reuters) -Oil prices rose on Friday on signs of lower Russian output and tighter supplies, with the market looking ahead to the International Energy Agency’s (IEA) monthly report later in the day to clarify the global demand outlook. Brent crude futures climbed 34 cents, or 0.39%, to $86.43 per barrel by 0347 GMT. West Texas Intermediate […]
13
Apr
Apr
Delta Airlines And Fastenal Open Earnings Season on Wall Street
Reports from Delta Airlines (DAL.US), an airline company, and Fastenal (FAST.US), which operates in the logistics, manufacturing and supply chain industry, opened the earnings season on Wall Street. Delta Airlines (DAL.US) The airline’s shares are gaining on the back of Q2 revenue and profit forecasts that beat projections. Sentiment was also supported by management’s statements, […]