China’s quota system for oil import and exports
U.S. refinery margins strengthen on maintenance
Northeast Asia boosted coal imports in December
Brazil’s hydroelectric dams are brim full ($BBG)
U.S. air freight moves to secondary hubs ($WSJ)
U.S. temporary employment is declining ($WSJ)
Lithium producers anticipate long boom ($FT)
U.S. oilfield services see multi-year boom ($FT)
SINGAPORE’s inventories of distillate fuel oils have stabilised and increased slightly since nearing a multi-year low under 7 million barrels in early November. The increase has coincided with an acceleration of diesel exports from China and a slowdown in freight movements which have relieved some of the regional shortage. Nonetheless stocks are still -2.5 million barrels (-24%) below the prior ten-year seasonal average:
JKempEnergy.com 