By the Numbers
Hurricane Laura shut in more Gulf of Mexico crude oil production than any storm since 2008
AJOT | October 02, 2020 | Energy | Conventional | By The Numbers
According to daily estimates from the U.S. Bureau of Safety and Environmental Enforcement (BSEE), Hurricane Laura reduced crude oil production in the Federal Offshore Gulf of Mexico by an estimated 14.4 million barrels over a span of 15 days, the most of any hurricane since the combined effect of Hurricanes Gustav and Ike in 2008.
Xeneta Reports Spot rates on Trans-Pacific -2% while Far-East to N.Europe +2.4% WoW
AJOT | October 02, 2020 | Maritime | Liner Shipping | By The Numbers
"Xeneta sees early indications that carriers are not ready to break the psychological barrier on the trans-Pacific eastbound but upwards pressure remains on the European counterpart during Golden week. TP Eastbound is WoW down USD 70 per 40' and Far East - North Europe main ports is up WoW USD 50 per 40'.”
ATA Truck Tonnage Index Fell 5.6% in August
AJOT | September 22, 2020 | Intermodal | Trucking | By The Numbers
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 5.6% in August after declining 1.4% in July. In August, the index equaled 107.5 (2015=100) compared with 113.9 in July.
Rystad: Energy transition could push oil majors to sell or swap oil and gas assets of more than $100 billion
AJOT | September 22, 2020 | Energy | Conventional | By The Numbers
The global energy market is on the brink of a major transition to cleaner sources of energy. To adjust and transform, the world’s largest oil and gas firms are revising their long-term oil price and demand outlook, and need to streamline their portfolios significantly to improve cash flow, cost efficiency and competitiveness. As a result, several billions of dollars in assets are about to change hands.
Fleet Advantage’s TLDI shows continued fuel savings & carbon reduction
AJOT | September 22, 2020 | Intermodal | Trucking | By The Numbers
Asset lifecycle plan helped one fleet preserve 848,575 gallons of diesel
Scrubbers beat compliant fuel in race to reduce CO2 emissions
AJOT | September 22, 2020 | Maritime | By The Numbers
As part of their ongoing commitment to support greener shipping, Yara Marine has jointly commissioned a report to quantify the climate impact of scrubbers compared to low sulphur fuel oil.
August / mid-September 2020: air cargo before the “second wave”
AJOT | September 22, 2020 | Air Cargo | Freighters | By The Numbers
Based on the data for over 1.5 million shipments, August showed a year-over-year (YoY) drop of 17.2% in worldwide volume and of 29% in shipments carried, but a YoY increase in revenues (USD) of 37%, thanks to rates in USD that were 65% higher than the year before (2.83 vs 1.71).
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
AJOT | September 22, 2020 | Energy | Conventional | By The Numbers
Monday’s losses were quite deep but not unjustified. The prospect of new potential lockdowns in markets such as the UK and the US terrified traders, who saw once again oil demand being fragile and prone to how the pandemic progresses.
Global oil & gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022
AJOT | September 21, 2020 | Energy | Conventional | By The Numbers
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy projects. Postponed plans will, however, cause the total worth of final investment decisions (FIDs) to double next year and exceed pre-pandemic levels already from 2022.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
AJOT | September 21, 2020 | Energy | Conventional | By The Numbers
Oil prices are starting the week on the back foot as traders digest news about downside risks to oil demand and upside risks to supply this morning.
Indonesia’s palm oil exports rise on higher shipments to China
Bloomberg | September 20, 2020 | International Trade | By The Numbers
Indonesia’s palm oil exports increased in July on higher shipments to China and the Middle East, according to the Indonesian Palm Oil Association.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
AJOT | September 18, 2020 | Energy | Conventional | By The Numbers
It was a strong OPEC meeting yesterday, not necessarily in actions, but in words. The alliance showed strength and reassured the market that if further action will be needed to discipline sub-compliers and balance the market, it would be taken.
U.S. Airlines report second quarter 2020 losses
AJOT | September 14, 2020 | Air Cargo | Airlines | By The Numbers
U.S. scheduled passenger airlines reported a second-quarter 2020 after-tax net loss of $11.0 billion and a pre-tax operating loss of $16.2 billion.
Port of Virginia loaded imports mark third consecutive month of growth as trade rebuilds
AJOT | September 14, 2020 | Ports & Terminals | Ports | By The Numbers
The Port of Virginia’s cargo volumes are continuing their rebound and in August grew by more than 26,000 units when compared with July.
Virus and trade woes set to cut Australian farm exports by 10%
Bloomberg | September 14, 2020 | International Trade | Commodity | By The Numbers
The value of Australian agricultural commodity exports is expected to slump by 10% in 2020-21, as the Covid-19 pandemic and trade tensions with China hit demand and prices, according to a report from government forecaster Abares.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
AJOT | September 14, 2020 | Energy | Conventional | By The Numbers
After two weeks of back to back losses, oil prices are continuing their decline, a sign that the bearish trend is not going to be so easily reversed.
Australia’s gas and coal demand for power has peaked – to be overtaken by solar and wind from 2026
AJOT | September 11, 2020 | Energy | Alternative | By The Numbers
Australia’s top two electricity generation sources, coal and natural gas, have both seen demand in the country peak, a Rystad Energy analysis shows. The combined power production from coal and gas will be overtaken by electricity generated by solar photovoltaic (PV) and onshore wind farms from 2026.
Rystad Energy’s daily market comment from our Senior Oil Markets Analyst Paola Rodriguez-Masiu
AJOT | September 11, 2020 | Energy | Conventional | By The Numbers
ou have to look at the trend. Oil prices are keeping their low levels, heading for a second consecutive week of losses for the first time since April, the height of Covid-19’s first wave.
U.S. Imports spike as economy continues recovery and retailers stock up for holidays
AJOT | September 09, 2020 | International Trade | By The Numbers
Imports surged to unexpected high levels this summer and may have hit a new record as the U.S. economy continues to reopen and retailers stock up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Mid-July airline employment up 7,000 from mid-June
AJOT | September 09, 2020 | Air Cargo | Airlines | By The Numbers
U.S. airlines employed 706,824 workers in the middle of July 2020, 7,101 more than in mid-June 2020 and 46,461 fewer than in March 2020. The July 2020 numbers consist of 597,982 full-time and 108,842 part-time workers.
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