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US gasoline stockpiles hit 2-year low on stronger demand, EIA says

Posted to Maritime Reporter on October 30, 2024

The Energy Information Administration (EIA), which is responsible for the U.S. government's energy policy, announced on Wednesday that U.S. gasoline inventories fell to their lowest level in two years last week due to increased demand. Crude…

Potash production is nearing pre-war levels, forcing producers to reduce output

Posted to Maritime Reporter on October 23, 2024

The global potash supply has returned to the levels before the invasion of Ukraine. Russia and Belarus have increased shipments to Asia, South America and Europe to avoid Western sanctions, and to pressure producers to reduce output to avoid an oversupply.

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Algeria offers to purchase up to 320,000 t of corn, traders claim

Posted to Maritime Reporter on October 2, 2024

European traders reported on Wednesday that the Algerian state agency ONAB had issued an international tender for up to 320,000 tons of animal feedcorn sourced only from Argentina or Brazil. They said that the deadline for submitting price offers to the tender is Thursday October 3.

Algerian corn tender says it has bought an unknown quantity of South American corn

Posted to Maritime Reporter on September 27, 2024

European traders reported on Friday that Algerian state agency ONAB purchased an unknown quantity of animal feed corn from Argentina or Brazil as part of an international tender which ended on Thursday. The tender was for up to 240.000 tons.

Reports and sources confirm that at least four people have died after an oil barge sinks off Venezuela.

Posted to Maritime Reporter on September 26, 2024

According to sources and a report on the accident, at least four people are dead after an oil barge sank in Venezuela's Lake Maracaibo. The barge was operated by a contractor for the state-run PDVSA energy company. The report said that another…

Brazil Soymeal Exports Reach Record High in July

Posted to Maritime Reporter on July 23, 2024

The Brazilian soybean meal exports were estimated at 2.40 million tons in July. This would be a record monthly high if confirmed by the month's end, according to data released on Tuesday by the grains exporter association Anec. Anec has revised up its July soymeal estimate from the 2…

Argentina grains ships fill less freight as river levels hit near-record lows

Posted to Maritime Reporter on September 19, 2024

Brazil, pushing up expenses and transportation times. The Parana River, which brings practically 80% of Argentina's. grains and oilseeds for export, is at the second lowest level. for this time of year considering that 1970, behind just a major decline in.

PARIS OLYMPICS: what you should know now

Posted to Maritime Reporter on August 5, 2024

The river Seine, which was a major concern during the Games due to its water quality, was once again in the spotlight after the mixed relay race was held early on Monday morning after training had been cancelled the day before. Noah Lyles, of the U.S.…

Taiwan's MFIG purchases about 65,000 T of corn with Brazil as expected origin

Posted to Maritime Reporter on July 31, 2024

European traders reported that the MFIG buying group in Taiwan purchased about 65,000 metric tonnes of animal feed grain expected to come from Brazil during an international auction on Wednesday. They said that the yellow corn purchased was at a premium estimated to be 194.99 U.S.

Algerian traders claim that the country has purchased at least 600 000 T of milling wheat.

Posted to Maritime Reporter on July 23, 2024

European traders reported that Algeria's state grain agency OAIC had bought at least 600.000 metric tons milling wheat during an international auction which closed on Wednesday. Some traders estimate the volume at 700,000-800,000 tons. Most…

Venezuelan oil exports in June were almost unchanged, at 760,000 barrels per day

Posted to Maritime Reporter on July 1, 2024

According to shipping documents and data, Venezuelan oil exports in June were mostly flat at 760,000 barrels a day (bpd), as U.S. licences supported the half of shipments for destinations within Europe and the U.S. Washington decided in April…

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