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18-11-2016

3 Mins Daily Market Report

Oil prices fell in early trading on Friday as the strengthening U.S. dollar snuffed out rekindled hopes that OPEC might agree on production cuts. U.S. benchmark West Texas Intermediate (WTI) crude futures were down 53 cents from their last settlement, or 1.17 percent, at $44.89 a barrel at 0107 GMT. International Brent crude futures were down 46 cents, or 0.99 percent, at 46.03 a barrel. A stronger U.S. dollar makes oil, which is priced in dollars, more expensive to buyers in other currenc
17-11-2016

3 Mins Daily Market Report

Oil prices were lower in volatile trading as the market weighed Russia's comments about a possible meeting with Saudi Arabia that renewed hopes for a production freeze deal against a bigger-than-expected U.S. crude inventory build. Global benchmark Brent crude was down 42 cents at $46.53 a barrel at 2:38 p.m. ET (1938 GMT). U.S. crude settled down 24 cents at $45.57 a barrel. That followed a surge of almost 6 percent on Tuesday on news the Organization of the Petroleum Exporting Countries
16-11-2016

3 Mins Daily Market Report

U.S. crude futures slipped on Wednesday after an industry report showed an unexpected build in U.S. oil stocks, paring some of the gains from the session before when prices rose by the most since early April. Oil prices had surged on Tuesday as members of he Organization of the Petroleum Exporting Countries (OPEC) were set to renew efforts to efforts to agree concrete steps to implement a deal on cutting output in the face of persistent global glut. U.S. benchmark crude was down 10 cents a
15-11-2016

Shore Power at Brooklyn Cruise Terminal Fully Operational and "Ready for Ships"

NYCEDC says Brooklyn Cruise Terminal's shore power facilities are fully operational and "ready for ships to connect."
15-11-2016

ISS Advises of New Zealand Port Interruptions Following Earthquake

The New Zealand ports of Wellington and Picton are experiencing interruptions after a 7.5 magnitude earthquake.
15-11-2016

3 Mins Daily Market Report

U.S. oil prices rose on Tuesday to move away from a nearly two-month low struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts. U.S. crude futures for December delivery had climbed 41 cents, or 1 percent, to $43.73 a barrel by 0106 GMT. January Brent futures were up 31 cents, or 0.7 percent, at $44.74 per barrel. Prices were buoyed by expectations that U.S. shale oil production will in December fal
14-11-2016

3 Mins Daily Market Report

Oil prices extended declines into a third session on Monday, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. London Brent crude for January delivery was trading down 3 cents at $44.72 a barrel, after settling down $1.09 on Friday. The benchmark on Friday hit its lowest since Aug. 11 at $44.19. NYMEX crude for December delivery was down 11 cents at $43.30 a barrel, after closing down $1.25 on Friday. The contract's Friday-l
11-11-2016

Analysts Worry That Trump Win Puts Pressure On Opec Deal

Some analysts believe the Trump win adds to the challenges for OPEC Even thou
11-11-2016

3 Mins Daily Market Report

Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $44.40 per barrel at 0120 GMT, down 26 cents, or 0.6 percent, from their last settlement, with a stronger dollar also weighing on prices. International Brent crude oil futures were down 17 cents, or 0.4 percent, at $45
10-11-2016

Mumbai Port Trust Sees "Huge Potential for Bunkering" with New Facility

The Mumbai Port Trust says it expects the area's bunkering business to grow to 1.925 million tonnes by 2034.
10-11-2016

3 Mins Daily Market Report

Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump's surprise victory in the U.S. presidential election. Crude had tumbled as much as 4 percent early in the session, in the immediate aftermath of the U.S. presidential election results. U.S. crude tumbled to near $43, a near two-month low. The selloff was part of a broad-based market reaction where investors fled risky assets such as stocks and the dollar , which ha
09-11-2016

A Clinton Win Not Enough To Offset Market Challenges, Say Observers

Speculation over a Clinton win gave oil prices a boost Monday, but some believe the uptick will be temporary.
09-11-2016

Product Tanker Runs Aground in Singapore Strait

Spottail ran aground in the Singapore Strait off Indonesia's Pulau Takong Besar.
09-11-2016

3 Mins Daily Market Report

Oil prices seesawed in very thin trading early on Wednesday as traders kept glued to their screens following the U.S. presidential election. Brent crude futures only started trading shortly before 0100 GMT, highly unusual for the international oil benchmark, and they were priced down 5 cents from their last settlement, at $45.99 per barrel at 0128 GMT. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $44.91 per barrel, down 7 cents from their last settlement. Financi
08-11-2016

3 Mins Daily Market Report

Oil prices were stable early on Tuesday after posting strong gains the previous day, with investors piling money into financial markets in expectation that Democrat Hillary Clinton would win the U.S. presidential election. U.S. West Texas Intermediate (WTI) crude futures were down 1 cent at $44.88 per barrel at 0038 GMT. The contract had gained almost 1.9 percent the previous session on polls putting Clinton ahead of her Republican competitor Donald Trump for Tuesday's election. In physica
07-11-2016

3 Mins Daily Market Report

Oil prices rose in early trading on Monday, with traders citing opportunistic buying following sharp declines in the previous week on the back of ongoing weak fundamentals. International Brent crude oil futures were trading at $45.92 per barrel at 0119 GMT, up 34 cents, or 0.75 percent, from their previous close. U.S. West Texas Intermediate (WTI) crude futures were down 0.40 cents, or 0.91 percent, at $44.47 a barrel. Traders said that the main price driver had been opportunistic buyin
04-11-2016

3 Mins Daily Market Report

Oil prices edged up in early trading on Friday, stabilizing after five straight days of falls triggered by a surge in U.S. crude inventories and doubts over the ability of oil producers to coordinate an output cuts. International Brent crude oil futures were trading at $46.50 per barrel at 0036 GMT, up 15 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) futures were at $44.83, up 17 cents, or 0.4 percent. Despite the slight increases, traders said market
03-11-2016

3 Mins Daily Market Report

Crude oil prices rose on Thursday as a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude was trading up 55 cents, or 1.2 percent, at $47.41 a barrel by 0129 GMT after touching a five-week low at $46.46 in the previous session. U.S. West Texas Intermediate (WTI) crude was up 50 cents, or 1.1 percent, at $45.84 per barrel. The U.S. dollar index slipped for a third session in a row on Thursday and was down 0.09 percent on concerns over the o
02-11-2016

South Korean Government to Provide $5.7 Billion in Support to Country's Shipping Firms

South Korea will provide financial support to the country's shipping companies to assist firms in renewing their fleets.
02-11-2016

3 Mins Daily Market Report

Crude oil prices fell for a fourth day on Wednesday, with jittery investors awaiting official U.S. stockpile figures later in the day after less comprehensive industry data showed a surprise build in inventories. The American Petroleum Institute (API) said crude stockpiles increased by 9.3 million barrels in the week to Oct. 28, more than nine times the amount expected by analysts polled by Reuters. U.S. West Texas Intermediate (WTI) crude was down 28 cents, or 0.6 percent, at $46.39 by 00
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