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Baltic Dry Index climbs to 2130, up 66 points
Today, Thursday, July 18 2019, the Baltic Dry Index climbed by 66 points, reaching 2130 points.
OPEC sees lower 2020 demand for its oil, points to surplus
OPEC on Thursday forecast world demand for its crude will decline next year as rivals pump more, pointing to the return of a surplus despite an OPEC-led pact to restrain supplies.
Baltic Dry Index climbs to 1816, up 39 points
Today, Thursday, July 11 2019, the Baltic Dry Index climbed by 39 points, reaching 1816 points.
Baltic index soars 9.7% as capesize, panamax rates spike
The Baltic Exchange’s main sea freight index jumped 9.7% to its highest in more than 10 months on Thursday, driven by a surge in capesize and panamax rates, with rising iron ore prices
Baltic Dry Index climbs to 1381, up 27 points
Today, Monday, July 1 2019, the Baltic Dry Index climbed by 27 points, reaching 1381 points.
The winners and losers from surging iron ore prices
Despite nagging trade tensions and fears about global growth, Rio’s share price is up 30 per cent in 2019, while the world’s biggest steelmaker has dropped 16 per cent.
Iron ore is surging, but not all producers are joining the party
While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.
