Category archives: News

Capesize rates fall due to supply gut in the Atlantic

Capesize freight rates continued to slide on mixed market from an oversupplied Atlantic market, despite some cargo improvement seen in the Pacific. Due to the mixed market movement, the Baltic Dry Index (BDI) increased slightly by 1.70% or 19 points to 1,134 readings.   Both basins move in different directions Atlantic market was still oversupplied …

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Oil Through the Looking Glass 19/11/20

*Venezuelans Steal PDVSA Crude and Make Their Own Gasoline* Venezuela, which is currently starved of fuel has seen a large spree of thefts from idled state oil field with many home-distilling their own gasoline in a bid to try and obtain the product. Although it is only a small amount of total output from the …

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