- — Egypt Expects Delayed Russian Wheat Shipment In November, Supply Minister Says
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at 10/29/24 4:00pmEgypt still expects to receive a delayed shipment of Russian wheat this November, supply minister Sherif Farouk said, after the consignment initially set for October faced delays. Egypts supply ministry announced in September that it had secured 430,000 metric tons of Russian wheat at $235 per ton through a direct purchase, diverging from its usual ...- — Indonesia considers importing 1 mln tons of rice from India next year, minister says
- at 10/29/24 4:00pmIndonesia is considering a plan to import 1 million metric tons of rice from India in 2025 to secure supply until its main harvest, Coordinating Minister for Food Affairs Zulkifli Hasan said after a meeting of food and agricultural officials on Tuesday. Indonesias rice output is estimated to fall 2.43% this year to 30.34 million ...
- — Canada’s renewable diesel projects hit by US import surge
- at 10/29/24 4:00pmCanadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbias low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States. Weakness in British Columbias LCFS credit market reflects growing pains in the international biofuels industry, where ...
- — Bangladesh to import two LNG cargoes from TotalEnergies, says RPGCL official
- at 10/29/24 4:00pmBangladesh state-owned Petrobangla will procure two spot cargoes of liquefied natural gas (LNG) from French oil major TotalEnergies TTEF.PA, a company official said on Monday. Petrobangla will buy the two spot LNG cargoes at $13.94 per million British thermal units (mmBtu) for delivery during Nov. 3-4, and at $13.57/mmBtu for delivery on Nov. 10-11, said ...
- — EGYPT DATA: Petcoke imports drop 66% on month in September
- at 10/29/24 4:00pmEgypts petcoke imports decreased month on month in September, following a 69% increase in August, driven by reduced demand as buyers in Egypt showed less inquiry amid ample stock levels, market sources said. In September, Egypt imported 30,100 mt of petcoke, a 66% decline from August but an increase compared to the same period in ...
- — South Korea’s NOFI buys estimated 136,000 T corn, traders say
- at 10/29/24 4:00pmLeading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) bought an estimated 136,000 metric tons of animal feed corn to be sourced optionally from the United States, South America or South Africa in an international tender on Tuesday seeking up to 207,000 tons, European traders said. It was bought in two 68,000 ton consignments ...
- — China Aviation Oil seeks Nov jet fuel deliveries to China in a rare move, sources say
- at 10/29/24 4:00pmChina Aviation Oil, a subsidiary of state-owned China National Aviation Fuel Group, is seeking to buy two cargoes of jet fuel for November delivery into Shanghai and Huangpu via tenders in a rare move, four sources with knowledge of the matter said on Monday. CAO is seeking one 30,000 metric ton cargo for delivery on ...
- — Ethanol production to prevent Indian sugar exports, says trader Wilmar
- at 10/29/24 4:00pmThe increase in ethanol production in India due to higher blending rates will reduce local sugar availability and prevent the country from exporting sugar in the 2024/25 season, Singapore-based commodities trader Wilmar said. India is the worlds second-largest sugar producer after Brazil, but the country has been absent from export markets to guarantee local supplies ...
- — US West Coast refiners boost imports of light Canadian crude
- at 10/29/24 4:00pmCanadian waterborne exports of light crude to the U.S. West Coast have surged since the Trans Mountain pipeline expansion (TMX) began operating in May, data shows, surprising some market participants who thought it would mainly be used to send heavy crude to Asia and California. The increase in Canadian light crude flows into the U.S. ...
- — Oil cargo from Mexico en route to Cuba amid power crisis, data shows
- at 10/29/24 12:00pmA tanker carrying about 400,000 barrels of oil departed from Mexicos Pajaritos port and was on Monday en route to Cuba, where an acute energy crisis has left the island struggling to keep the lights on, shipping data showed. Cuba kept schools closed and non-essential workers home last week as it struggled to recover from ...
- — Ghana eyes fuel imports from Dangote oil refinery
- at 10/29/24 12:00pmGhana could buy petroleum products from Nigerias Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the countrys oil regulator said. This could end monthly fuel imports from Europe of $400 million, Mustapha Abdul-Hamid, chairman of the National Petroleum Authority, Ghana said at the ...
- — Ukraine grain exports soar amid price shifts and supply cuts
- at 10/29/24 5:00amThe landscape of Ukraines grain exports has been dynamic over the last three months, with prices initially rising at the start of the 2024-25 marketing year (July-June), followed by a downward trend as demand dynamics shift. However, the country succeeded in ensuring the flow of almost double the grain out of its seaport than the ...
- — Oil exports from Russia’s western ports to fall 13% in Nov as refinery maintenance ends, sources say
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at 10/27/24 4:00pmRussias crude oil exports from its three main western ports will drop by 13% in November from the previous month to 1.95 million barrels per day (or some 8 million metric tons) as refinery maintenance season is over, two trade sources said on Thursday. Exports from Russias western ports of Primorsk, Ust-Luga and Novorossiisk are ... - — China’s steel exports expected to falter in 2025 as pain from tariffs spread
- at 10/27/24 4:00pmChina’s steel exports will soon hit an eight-year high, before sweeping tariffs sink in and drag down the industry in 2025, industry watchers said. As the biggest exporter of steel, China accounts for about 55% of the world’s steel production. The country’s steel exports have been surging this year and are expected to smash through ...
- — US copper imports accelerate in wake of CME squeeze
- at 10/27/24 4:00pmThe May squeeze on the CME copper contract has passed but the impact on global flows of the red metal is still playing out. U.S. imports of copper have surged after traders capitalised on a rare arbitrage window that opened between the CME and the London Metal Exchange (LME) contracts at the height of the ...
- — Ukrainian corn seed flows to Europe in further farm trade shift
- at 10/27/24 4:00pmUkraine has rapidly expanded exports of corn seed to the EU in the past two years in rare good news for its war-hit agricultural sector but adding to European farmers grievances about what they say is unfair competition from Kyiv. It is ramping up shipments under free trade terms granted by the European Union following ...
- — India’s Sept crude oil imports drop to 7-month lows, product exports soar
- at 10/27/24 4:00pmIndias monthly crude oil imports in September dropped about 8% to their lowest since February at 18.56 million metric tons, government data showed on Friday, while product exports soared to their highest in 2-1/2 years on low domestic demand. WHY IT IS IMPORTANT India, which is the worlds third-biggest oil importer and consumer, saw demand ...
- — Sonatrach and partners sign green hydrogen MOU for Algeria-EU shipments
- at 10/27/24 4:00pmEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices. Algerias Sonatrach has signed a memorandum of understanding with several partners to assess the viability of a green hydrogen value chain from Algeria to the EU via the proposed SoutH2 Corridor, ...
- — Indonesia’s Bulog reissues 500,000 mt rice tender amid weaker Asian prices
- at 10/25/24 3:00pmIndonesias state-owned purchasing agency Bulog reissued a revised ninth tender for 2024 on Oct. 24, seeking to buy 500,000 mt of 5% broken white rice milled within the last six months, according to an official invitation sent to select suppliers and seen by SP Global Commodity Insights. Bulogs announcement comes as Asian rice prices across ...
- — Russian gas flows favoring Asia over NWE as LNG finds takers in Europe
- at 10/25/24 3:00pmRussian gas supply to Asia has continued to grow with expectations that it would increase further as Europe diversifies its energy mix away from Russian pipeline supply, however, Russia-Europe LNG exports have climbed to record highs this year so far, SP Global Commodity Insights data showed. Russia pipeline flows to China via the Power of ...
- — US corn export sales post multiyear highs, even without China
- at 10/25/24 3:00pmU.S. exporters last week sold unusually large volumes of corn that previously were possible only when China was active in the market. But China was absent this time around, and its import intentions remain unclear for now. However, the recent flurry of export sales reflect plentiful, cheap U.S. corn supplies that should help the United ...
As of 10/29/24 6:13pm. Last new 10/27/24 5:48pm.
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