S&P Global Platts

Analytics Predicted Global oil demand will rise in 2021

Global oil demand will rise in 2021, but not enough to surpass 2019 levels as the coronavirus pandemic continues to weigh on transportation fuel demand, especially jet fuel, says an article  published in S&P Global Platts.

Increased reliance on OPEC oil supply

Platts Analytics expects global supply to increase by more than 3 million b/d in 2021, after declining about 7 million b/d in 2020, with the gains mostly coming from the Middle East and Russia.

Saudi Arabian output is expected to rise by...

https://mfame.guru/analytics-says-global-oil-demand-will-rise-in-2021/

S&P Global and IHS Markit, supply chain info providers, announce $44 billion merger

The parent companies of two significant suppliers of information to the supply chain are merging in the biggest U.S. corporate combination of 2020.

S&P Global and IHS Markit are merging in an all-stock deal valued at approximately $44 billion, the companies announced Monday morning. It is not a merger of equals: The resulting company will be called S&P Global, current S&P Global CEO Douglas Peterson will head the combined entity and existing S&P Global shareholders will own more than two-thirds...

https://www.freightwaves.com/news/sp-global-and-ihs-markit-supply-chain-info-providers-announce-44-billion-merger

Dry bulk shipping rates have just hit a new 2020 high

dry bulk ship

More ocean shipping signals are flashing green. First came a recovery in the container sector, driven by surging U.S. consumer demand. Now comes a rebound in dry bulk shipping. Rates for large bulkers known as Capesizes, which have a capacity of 100,000 deadweight tons (DWT) or more, just hit year-to-date highs, driven primarily by industrial demand.

The Baltic Exchange’s 5TC index assessed Monday’s time-charter equivalent (TCE) rates for Capesizes burning 0.5% sulfur fuel at $34,293 per day....

https://www.freightwaves.com/news/dry-bulk-shipping-rates-just-hit-a-new-2020-high

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