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Finance & Markets

Ship Recycling Market Going From Strength to Strength

The ship recycling market has been on a roll over the past week, gaining further momentum. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian recycling market remained quite buoyant during the week, supported by a substantial improvement in local market conditions. As previously reported, the ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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U.S. Crude Stocks Edge Lower as Oil Tops $100

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 300,000 barrels in the week ending September 4.

  • U.S. crude oil inventories decreased by 300,000 barrels week ending September 4
  • Strategic Petroleum Reserve (SPR) released 1.2 million barrels on September 4
  • Brent crude traded at $101.46, up 3.62% for the day

More from Wednesday 9 September →