China’s Guangzhou port storage facilities unable to accept new coal cargoes – official

    6 Sep by Tags:

    China’s Guangzhou port storage facilities unable to accept new coal cargoes – official

    China's Guangzhou port, the largest coal transport hub in southern China, said on Thursday that its storage facilities are currently unable to accept new coal cargoes. Bad weather in recent weeks has led to a backlog of cargoes, a Guangzhou Port Co official told Reuters, with storage facilities almost full. Reuters reported on Wednesday that Guangzhou, with 14 coal berths and capacity to handle 60 million tonnes of shipments per year, had halted operations, including foreign coal imports.


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    6 Sep by Tags:

    Oil dips on fears Hurricane Irma could hit crude shipments, rising Libyan output

    Oil dips on fears Hurricane Irma could hit crude shipments, rising Libyan output

    Oil prices dipped on Thursday over fears that Hurricane Irma in the Caribbean could interrupt crude shipments in and out of the United States, and as Libyan output began to recover from disruptions. U.S. West Texas Intermediate (WTI) crude futures were down 14 cents at $49.02 barrel at 0609 GMT, but were still close to their highest in more than three weeks, reached in the previous session.


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