Libyan crude oil output jumps to two-month high above 1 million b/d

Libya’s crude oil recovery has seen output rise above 1 million b/d for the first time since early June, sources close to production said Tuesday. The latest increase came mainly from the Sharara oil field where production has moved above 250,000 b/d, up from 218,000 b/d last week, the sources said. The 340,000 b/d field
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Chinese buyers have lowered their bids for September-loading shipments of Australian 5,500 kcal/kg NAR thermal coal to $60-$61/mt FOB Newcastle as stocks continue to build at Chinese ports, sources said Friday. August and September are low season months in the Chinese coal consumption calendar, a market source said. Market expectations are for Chinese buying interest
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Shanghai rebar futures pared losses on Thursday to close near a six-year peak reached in the prior session on expectations further output curbs in China could keep supply tight in the world’s top producer. On top of ongoing restrictions at industrial plants in many Chinese cities, Beijing is planning to impose production curbs for a
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Recent quality issues detected in some Singapore high sulfur fuel oil cargoes have impacted the North Asia bunker market, pushing up premiums, market sources said Friday. Singapore fuel testing company Maritec last Thursday said it had detected excessive sludge in a Singapore bunker fuel cargo that was likely of US or Estonian shale oil origin.
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HAMBURG: The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand. Asset quality, size and diversification will determine the success of shipping companies in the next 18 months, German
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The production of raw cashew nuts in India during 2017-18 increased to an all-time high of 8.17 lakh metric tonnes and registered growth of 4 per cent compared to the previous production of 7.79 lakh metric tonnes. Besides, it was 21 per cent more compared to the 2015-16 production of 6.70 lakh metric tonnes. However,
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On September 11, 2018, Riga will host the fifth annual international transport and logistics industry conference Global Transport Development Challenges organised by VAS Latvijas dzelzceļš (LDz),where high-profile Latvian and foreign experts will discuss how the global events in politics, economics, science and society affect the transport and logistics industry and how they can be used
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China’s construction steel rebar prices jumped 1.7 percent on Friday to their highest since 2013, buoyed by strong demand and expectations of lower production after pollution curbs in the country’s top production centres. The most-active rebar on the Shanghai Futures Exchange gained 1.7 percent to 4,072 yuan a tonne by 0202 GMT, after earlier climbing
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The recent oil price recovery, combined with the cost-cutting measures undertaken during 2016-2017, has given fresh vitality to high-yield exploration and production (E&P), Fitch Ratings says. Even highly leveraged companies with relatively high production costs are now healthier and should be able to reduce leverage over the next two years thanks to positive free cash
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Shanghai construction steel rebar futures jumped to a 10-month top on Thursday, climbing more than 1 percent as China’s crackdown on pollution raised concerns over supplies. China’s top steelmaking city Tangshan has extended recent emergency pollution control measures until July 21 because of a possible major smog alert. The most-active rebar contract on the Shanghai
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