Amid the energy crisis engulfing Europe, international oil markets have taken a slight breather as prices have retreated on traders’ concerns about the global economy. However, the turnaround may be short-lived. For now, cheaper oil is being welcomed by world...
The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) on Wednesday agreed to a small increase in oil production, following requests from the United States and other major consumers for more supply. The expectation, however, is that the symbolic...
With the globalisation of consumption and the e-commerce boom, especially in the pandemic years, the volume of buying and selling of products, food, inputs and commodities between countries has increased exponentially. According to the United Nations Conference on...
JP Morgan CEO Jamie Dimon believes oil prices could rise to $175 a barrel later this year. Jeremy Weir, the chairman of commodities trader Trafigura, says oil could get “puzzling”. The consultancy Energy Aspects, which has clients ranging from hedge funds...
With this approach the company serves a range of sectors such as automotive, textile and electronics The lack of containers in the maritime market continues to be a challenge for large companies in the import and export of products. A survey by Windward, a platform...
The port is considered the largest in the world, and the consequences of the congestion are strained supply chains, slower imports and rising inflation around the world. Dozens of cities in China are currently under partial or total blockade following a new outbreak...
