Tag archives: FO

Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22

Oil Extends Sixth Monthly Gain as EU Set to Curb Russian Supply Oil headed for the longest run of monthly gains in more than a decade as European Union leaders agreed to pursue a partial ban on imports of crude from Russia while China further eased anti-virus curbs, aiding demand. Brent crude neared $123 a …

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Daily Capesize Review 26/5/22

Capesize freight rates continued to drop sharply, as shipping activities slowed down in Europe due to public holidays. The Capesize 5 time charter average, then fell by $4,229 day-on-day to $28,840 on Thursday, following the aggressive sell off in the session. The Baltic Dry Index (BDI) then dipped by $194 day-on-day, or down 6.20 % …

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