OPEC sees 33.40 mil b/d demand for its crude oil in H2 2018, but July output at 32.32 mil b/d

OPEC still has to show the market more crude oil barrels if it wants to avoid a supply squeeze later this year, the producer group’s own analysis shows. In its closely watched monthly oil market report, OPEC’s analysis arm forecast global demand for OPEC’s crude at 33.40 million b/d for both the third and fourth
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GENEVA: Trade expansion will likely slow further in the third quarter of 2018 according to the WTO’s latest World Trade Outlook Indicator (WTOI) released on 9 August. The most recent WTOI reading of 100.3 is below the previous value of 101.8 and just above the baseline value of 100 for the index, signalling an easing
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HAMBURG: Hapag-Lloyd has concluded the first half of the year 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 425.2 million. This is EUR 61.4 million higher compared to the EBITDA of the first six months of 2017 (EUR 363.8 million). The earnings before interest and taxes (EBIT) stood at EUR 88.7
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Mr Anant Swarup, IRPS, Joint Secretary (Logistics), Department of Commerce, Union Ministry of Commerce and Industry, has consented to grace Exim India’s Maritime And Logistics Awards (MALA) 2018, the 9th edition, at the St. Regis in Mumbai on August 31, 2018. He will be the Guest of Honour at this gala event and will be addressing the gathering
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The Tea Board has said in its latest data that exports of tea from the country are expected to be more this year than in 2017, despite some reduction in prices, because of higher volumes slated for shipment. If this trend continues, overall shipments in 2018 will be a little higher than the level of
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Europe’s take of US LNG has slumped so far this year to less than 3% of total volume, prompting further talks between the EU and the US later this month to reduce regulation in order to boost US LNG deliveries into Europe and increase the price competitiveness of the region. Europe has received just 474
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COPENHAGEN: A.P. Møller – Mærsk A/S’ (APMM) has highlighted in the financial report for Q1 2018 the expectation for the 2018 result was subject to increased uncertainties impacting container freight rates, bunker prices and rate of exchange due to geopolitical risks, trade tensions and other factors. Based on the outlook for freight rates for the
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NEW DELHI: According to a latest update from the Solvent Extractor’s Association (SEA) of India, the total export of oilmeals was reported at 148983 tonnes in July 2018, recording a spurt of 18.33% compared to July 2017. The overall export during April-July 2018 was reported at 898871 tonnes, up nearly 24% over the comparable period
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NEW DELHI: In view of the increasing opportunities and at the same time new challenges before the air cargo industry across the globe, Air Freight Institute (AFI) of FIATA will provide a very effective platform at FIATA World Congress (FWC) 2018 to elaborate on the subject matter on the occasion of its 99th Meeting. Hosted
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In view of the increasing opportunities and, at the same time, new challenges before the air cargo industry across the globe, Air Freight Institute (AFI) of FIATA will provide a very effective platform at FIATA World Congress (FWC) 2018 to elaborate on the subject matter on the occasion of its 99th meeting. Hosted by FFFAI
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