Kilambi News
Wednesday, October 28, 2026

Commodities also notable: tanker freight eases, Ghana fuel split

Commodities Wednesday, October 28, 2026 - Updated Oct 28, 2026 07:04

Tanker freight fell 4.05 percent to 896 dollars in the latest tables while staying up 11.83 percent on the week, and Ghana petrol is tipped to fall from November 1 as its diesel floor price rises.

Why it matters: The second order flow keeps the same split as the full stories: oil logistics remain expensive on the week even after a daily pullback, product prices are moving in opposite directions by country, and transition metal tightness is in copper, not in iron ore.

Data as of Roundup, October 27 to 28, 2026. Grade C because the GAIL item is single sourced to Investing.com reporting and the Ghana item is a price tip, not a regulator announcement. Site market tables updated October 28 at 06:00 ET. Spain energy accounts are 2024 data published October 28, 2026.

Tanker freight fell 4.05 percent to 896 dollars in the site market tables updated October 28 at 06:00 ET, after rising 4.15 percent the previous day, and remains up 11.83 percent on the week. Dry bulk freight rose 2.03 percent to 12.57 dollars, up 0.72 percent on the week. The daily tanker pullback does not unwind the weekly signal: moving oil still costs materially more than it did a week ago.

In Ghana, petrol prices are tipped to fall from November 1 while the diesel floor price rises, MyJoyOnline reported on Wednesday. No percentage or regulator figure was carried in the item read, so the roundup reports the direction only.

GAIL India will invest 63.1 million dollars in a heating unit at the Ratnagiri LNG terminal, Investing.com reported. The item is single sourced in this pool and is carried here, not as a full story, until a company or exchange filing confirms the amount.

Spain energy intensity fell 2.2 percent in 2024 to 3.6 terajoules per million euros of GDP, while national energy consumption rose 2.3 percent to 4,787.7 thousand terajoules, the National Statistics Institute said in its 2024 environmental accounts published on Wednesday. In Turkey, total final energy consumption in industry was 1,722,856 terajoules in 2025, with electricity the most consumed source at 504,637 terajoules, TurkStat said. Both are annual statistical releases, not market moves.

Australia will fund a rare earths project with a 180 million Australian dollar deal, Mining.com reported on Tuesday. The item was already carried in the mining beat also notable roundup on October 27 and is referenced here, not duplicated as a full story.

Iron ore remained under pressure into Wednesday, with ING expecting prices to stay pressured into year end on weak steel demand, high port inventories and rising supply. The full iron ore story is the mining beat file of October 27 and is referenced here, not duplicated.

Sources

  1. Yahoo Finance market data - Yahoo Finance - 2026-10-28
  2. Petrol prices tipped to fall from Nov. 1 as diesel floor rises - MyJoyOnline - 2026-10-28
  3. Gail India to invest $63.1 million in Ratnagiri LNG heating unit - Investing.com, reporting Reuters - 2026-10-28
  4. Cuentas medioambientales. Cuenta de Flujos Fisicos de la Energia, 2024 - INE (Spain) - 2026-10-28