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Drilling Deep: Collapsing volumes of ocean freight

Also on the podcast: A key agency report doesn’t see much relief for diesel markets

Photo: Jim Allen/FreightWaves

FreightWaves’ Henry Byers created a bit of a storm recently when he wrote an article with a provocative title: U.S. import demand is dropping off a cliff.

In this week’s edition of Drilling Deep, Byers sits down with host John Kington to talk about the methodology used to reach that conclusion and what it means for the larger issue of backed-up supply chains.

Also on the podcast, Kingston looks at what a just-released oil market report says about the diesel market and why it continues to outperform crude oil and gasoline in such a dramatic way.

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.