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Aframax freight rates in Asia have hit a two-year high on tight supply as the US started importing cargoes from the Persian Gulf and the Red Sea after it stopped buying Russian fuel oil, market participants said April 27. Monthly US imports of fuel oil and vacuum gasoil, or VGO, from the Persian Gulf and ...
Flows of jet fuel exports from East Asia to the US have been on the rise over the last few months as airlines step up flights to meet growing travel demand amid easing of border restrictions, but market participants cautioned that escalating freight rates in recent weeks were putting a dent on arbitrage economics. So ...
CHINESE firms have invested over US$570 million in Zimbabwe’s lithium mines since the last quarter of 2021, as the rush for Zimbabwe’s
Japan is set to sign March 31 an energy cooperation deal with Kuwait, including providing insurance for $1 billion in finance to help the Middle East oil producer boost its oil production, a Japanese government source told S&P Global Commodity Insights March 30. Japan’s Nippon Export and Investment Insurance will sign a memorandum of cooperation ...
Russian troops in Ukraine are seizing and destroying agricultural machinery, fertilizer, seeds and fuel stocks, according to several farmers in Ukraine, putting in danger the new crops from one of the world’s most important suppliers of wheat, corn and sunflower oil. The actions of the Russian troops are also putting at risk the spring planting ...