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Capesize The market enjoyed a notably bullish week, recovering strongly after the UK holiday-shortened start and building momentum across both basins. Early weakness in the Pacific quickly proved short-lived as sustained miner participation tightened available tonnage and restored confidence. By midweek, all major miners were actively fixing, driving C5 steadily higher and attracting increasingly aggressive ...
China’s oil consumption fell 9% year over year in the second quarter as expensive crude accelerated the use of electric cars, trucks, rail and industrial equipment. The decline helped cut China’s carbon dioxide emissions by 1% during the quarter, according to an analysis by the Centre for Research on Energy and Clean Air. It was the first quarterly emissions decline in China driven primarily by lower oil consumption. Power-sector emissions rose 3% during the same period as coal-fired generation increased. Electric vehicles displaced…
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fourth consecutive session on Tuesday, rising about 1.5% to a fresh high since August 12 at 2,926 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for a fourth ...
The U.S. Energy Information Administration edged its U.S. total energy consumption projection down for 2026 and up for 2027.
The acquisition of the Greater Meridian CSG project 'converts a long-standing contracted supply relationship into GLNG equity production, consistent with Santos' strategy to backfill and sustain GLNG with owned production', Santos said.
A coalition of states scored another legal victory Thursday when a federal judge granted a temporary restraining order blocking the Trump administration from obtaining state-owned records containing personal information on millions of commercial driver’s license holders. U.S. District Judge Anthony J. Trenga granted the states’ request for a temporary restraining order following a hearing Thursday in the U.S. District Court for the Eastern District of Virginia. The ruling prevents the federal government from obtaining the plaintiff states’ records from the Commercial Driver’s License Informati
Glencore Balances Securitized Oil Trading With Rising Cerrejon Coal Pressures simplywall.st
Peter Sharpe Appointed Glencore CEO for Australian Coal Operations Discovery Alert
