Futures lost as much as 1 percent in New York, after falling 2.4 percent in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute was said to report. That will be the biggest gain since January if replicated in government data Wednesday. Libya is gradually resuming output at its biggest oil field, people familiar with the matter said. Nationwide crude stockpiles fell by 4.08 million barrels last week, the API said Tuesday, according to people familiar with the data. Crude stockpiles at Cushing, Oklahoma, climbed by 2.08 million barrels. An Energy Information Administration report Wednesday is forecast to show supplies slid by 500,000 barrels, according to the median estimate in a Bloomberg survey. Click Read More below for more of the story.
Negotiations on the collective agreements of the Finnish Transport Workers Union AKT continue today, February 13, 2023. Wage negotiations are also going on for truck drivers and terminal workers. If agreements cannot be reached, the entire Finnish transport industry is threatened with a large-scale strike, which, if implemented, will significantly affect the flow of freight traffic.
Due to ongoing overtime ban at the Finnish ports, one ferry service between Germany and Finland has been cancelled today.
Your road transport contact persons will provide more information about possible delays to shipments.