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Finance & Markets

Crude stockpiles surge as API reports unexpected inventory build

The American Petroleum Institute (API) recently released its weekly report on crude oil inventories, revealing a substantial increase in U.S. crude stockpiles. According to the latest data, crude inventories rose by 7.140 million barrels. This figure starkly contrasts with market expectations, which forecasted a decline of 1.800 million barrels. The unexpected rise in crude inventories ...

hellenicshippingnews.com ·52m ago

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US tariff cut on Canadian aluminum won’t lower Midwest Premium by much: Alcoa

Reducing the US 50% tariff on Canadian primary aluminum will not significantly reduce the US Aluminum Midwest Premium, according to Molly Beerman, CFO of aluminum giant Alcoa.

US tariff reduction to 25% on Canadian aluminum won't significantly lower Midwest Premium.
Failed trade talks between US and Canada collapsed on Aug. 21, leading to retaliatory tariffs.
Alcoa reports strong demand for aluminum, especially in packaging and electrical infrastructure.

52m ago ·hellenicshippingnews.com

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