On November 1st, 2022, The Baltic Dry Index fell 4.63% to 1463, which has been decreasing consistently in last 10 days. The global transport capacity is still showing a “supply exceeds demand” situation. Meanwhile, International oil prices fell across the board. The US oil contract for December fell 1.92% to US $86.21 per barrel. The oil distribution contract in January next year fell 0.98% to 92.85 dollars/barrel. In October, the contract of American Oil in December rose by 8.45%, and the contract of Indian Oil in January next year rose by 9.06%.

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