The number of Americans filing new applications for unemployment benefits fell last week, suggesting labor market conditions remained stable in April, though uncertainty around tariffs is making businesses hesitant to boost hiring. Initial claims for state unemployment benefits dropped 9,000 to a...
https://www.hellenicshippingnews.com/us-weekly-jobless-claims-fall-as-labor-market-remains-stable/
Middle East crude benchmarks Oman, Dubai and Murban climbed on Thursday and posted a weekly gain, supported by improving demand amid lower oil prices and supply fears. President Donald Trump’s administration issued new sanctions targeting Iran’s oil exports on Wednesday, including against a...
China’s commerce ministry on Thursday urged the United States to stop putting “extreme pressure” on the world’s second-largest economy and demanded respect in any trade talks, but the two sides remained at an impasse over who should start those talks. The Donald Trump administration has been...
https://www.hellenicshippingnews.com/china-us-at-impasse-over-who-should-start-trade-talks/
Retaliation by trade partners remains a risk for U.S. corporate sectors despite some near-term reprieve, says Fitch Ratings. Near-term risk of retaliation by most trading partners has receded with the 90-day pause on reciprocal tariffs, but trade tensions with China remains high, even after the...
Spot differentials for fuel oil retreated on Thursday, with trading momentum thinning ahead of a holiday. Singapore cash differential for very low sulphur fuel oil (VLSFO) dipped backed to around a premium of $3 a metric ton over Singapore quotes, reflecting slightly softer offers. Margins for...
You may have seen just one or two headlines exploring the end of the period of U.S. exceptionalism which dominated markets for the last few years. Certainly there’s some serious rebalancing going on, but Citi FX analysts have a note out offering the case that the move out of U.S. assets is...
https://www.hellenicshippingnews.com/the-case-for-a-return-to-us-outperformance/
Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged more output cuts to compensate for pumping above agreed quotas. Brent crude futures rose 56 cents, or 0.85%, to $66.41 a...
https://www.hellenicshippingnews.com/oil-set-for-weekly-rise-on-new-iran-sanctions-opec-cuts/
AD Ports Group, a leading global enabler of trade, transport, industry, and logistics, recently hosted its first ship-to-ship (STS) liquified natural gas (LNG) bunkering operation at its flagship deep-water Khalifa Port, reinforcing Abu Dhabi’s position as a key hub for alternative marine fuels and...
U.S. President Donald Trump’s tariffs blitz has left Doctor Copper battered and bruised. Last week’s copper chaos was of course just a small part of the global turmoil as markets gyrated to the frenetic beat of Trump’s changeable tariffs policy. But in copper’s case, which owes its nickname to its...
https://www.hellenicshippingnews.com/copper-market-caught-between-trumps-twin-tariff-threats/
Ship fuel sales at the UAE’s Port of Fujairah, the world’s third-largest bunkering hub, jumped 15% in March to 644,802 cu m month over month, the highest since August, according to data published April 15. The sales rose from 558,300 cu m in February, the lowest since the port began sharing data...