BREAKING: Trump has formally approved a landmark 30-year US-Saudi nuclear deal worth tens of billions of dollars that would give American companies a central role in developing Saudi Arabia's nuclear program, per US officials to WSJ.
The deal opens the door to uranium enrichment on Saudi soil, with American companies to build a uranium enrichment facility.
This comes as the US continues destroying Iran’s nuclear infrastructure and Trump threatens to bomb the heavily fortified Pickaxe Mountain site “pretty soon and very heavily.”
Atlantic thermal #coal markets continued to decline during week end Jan 19, despite a cold snap in Europe & Northern Hemisphere. Prices fell to a multi-month low, with CIF ARA reaching $102/mt, lowest since July.
We're pleased to announce that Chara Georgousi, Senior Research Analyst, represented our Research team at the Marine Money "Korea Ship Finance Forum 2023". This key event draws industry leaders and experts in maritime finance, shipbuilding & global shipping making it a vital
A Record Number of Supertankers Is Headed to Collect US Oil
Almost 50 tankers are bound for the US amid OPEC+ supply curbs
Some vessels are sailing for US Gulf without cargo bookings
#oott#saudilollipop
https://t.co/6Xr4pclDEV
Iron ore futures rise again ahead of DCE trading limits. Earlier market worries about iron ore demand weakening as steelmakers pare production in response to losses on finished steel sales seemed to have eased somewhat, Mysteel Global noted.
https://t.co/7gzdT6KVGp
@IEA Peaks in global demand for coal, oil & natural gas are all visible this decade – the 1st time this has happened in a WEO scenario based on today’s policy settings
Fossil fuels' share of global energy supply – stuck for decades around 80% – is set to decline significantly by 2030
While China’s #thermalcoal buying has slowed, India’s demand has surged due to increased #coal consumption in the power sector, exacerbated by low hydro gen & the festive season. Indian power plants have stockpiles sufficient for less than 8 days of coal burn.
Update - Chornomorsk Ukraine Port
9 ships under loading
25 ships approaching
Main shippers: Kernel, Risoil, Agroposperis, Transtrade…
Freights under pressure in Black Sea on all sizes!
#ukraine#grains#oatt#AgTwitter
The price of goods produced by German companies has fallen at the fastest annual rate since records began in 1949, pointing to further falls in inflation in Europe’s largest economy.
https://t.co/0cDJCBhw9G
OIL SANCTIONS: Washington formally lifts for 6-months oil sanctions against Venezuela (via a so-called “general license); see below) allowing state-owned PDVSA to resume crude and fuel exports to the US | #OOTT#Venezuela 🛢️🇻🇪🇺🇸⛽️
#Russia’s central bank said on Tuesday that OPEC+ would, at its next meeting, discuss possible oil output increases in early 2024 if the global oil deficit should widen, and that Venezuelan and Iranian oil production may slow down significantly.
The central bank has no control over Russian oil policies, however.
#oott
https://t.co/hOTzzaNrMJ
EU Carbon Allowances (EUAs) finding some support at €81/ton. As shipping enters EU ETS, traders will need to keep a keen eye on this market.
#shipping#drybulk#tankers#oott