- — Russia’s Dec western port oil loadings may slip by 100,000 bpd, sources say
- Oil loadings from Russias western ports in December are expected to slip by some 100,000 barrels per day (bpd) to 1.8 million bpd amid rising refinery runs, according to three market sources and Reuters calculations. Crude output is expected to stay flat after OPEC+ countries decided to extend oil cuts. Oil loadings from western ports ...
- — Kremlin says new U.S. sanctions are an attempt to hinder Russian gas exports
- The Kremlin on Friday said that new U.S. sanctions on Russias Gazprombank were an attempt by Washington to hinder the export of Russian gas, but saida solution would be found. Washington imposed new sanctions on Gazprombank on Thursday that prevent the lender from handling any new energy-related transactions that touch the U.S. financial system, ban ...
- — Kogas, Japanese buyers say not using US-sanctioned Gazprombank for Sakhalin 2 LNG imports
- State-run Korea Gas and several Japanese buyers of Sakhalin 2 LNG said Nov. 22 that they are not using the US-sanctioned Russian Gazprombank for their settlements, seeing no impact on their liftings from the project in Russias Far East. A Kogas official told SP Global Commodity Insights that South Koreas sole importer of Sakhalin 2 ...
- — Russia is preparing to lift gasoline exports ban, deputy PM says
- Russia is preparing to lift its gasoline exports ban and the necessary paperwork will be ready in near future, Deputy Prime Minister Alexander Novak told reporters on Friday without providing a concrete timeline. Russia extended gasoline export restrictions until the end of the year in August. The top gasoline producers in Russia in 2023 were ...
- — India mulls lifting ban on 100% broken white rice: sources
- The Indian government is mulling to lift the ban on exports of 100% broken white rice (WR), industry sources told SP Global Commodity Insights, a move which is likely to boost Indias WR shipments. India lifted the ban on non-basmati white rice exports and introduced a minimum export price of $490/mt in late September. The ...
- — South Korea’s MFG buys up to 70,000 T corn in private deal, traders say
- South Koreas Major Feedmill Group (MFG) purchased an estimated 65,000 to 70,000 metric tons of animal feed corn in a private deal on Thursday without issuing an international tender, European traders said. The purchase was expected to be sourced optionally from the United States or South America. One consignment was bought at an estimated $238.86 ...
- — Rio Tinto lifts force majeure on alumina exports from Gladstone: sources
- Diversified miner Rio Tinto has lifted the force majeure on alumina exports from its Gladstone operations in Australia, market sources told SP Global Commodity Insights on Nov. 22. Gas supplies to the Gladstone operations were disrupted by a fire incident March 5. Rio Tinto confirmed May 21 that a force majeure had been declared on ...
- — Nigeria wants term buyers for new Utapate crude, seeks to double output
- Nigeria is seeking term customers for its new crude oil grade Utapate and is aiming to double output by the end of 2025 from 40,000 barrels per day, state-owned NNPC and venture partner Natural Oilfield Services said at the grades official launch. The launch is part of Nigerias push to boost its oil production, which ...
- — U.S. oil imports, exports up last week
- Both the U.S. crude oil imports and exports increased during the week ending Nov. 15, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 7.684 million barrels per day (b/d) last week, up by 1.175 million b/d from the previous week, while crude oil exports averaged 4.378 million b/d, up by ...
- — UK LNG imports surge as country becomes preferred destination for diverted cargoes
- The UK is set to receive its highest LNG volumes since February as it becomes the preferred destination for diverted LNG cargoes due to slot availability. According to SP Global Commodity Insights data, the country has imported 424,000 mt of LNG in November so far and should receive around 291,000 mt more. This would put ...
- — US ethanol exports on pace for record year, fueled by low prices and increased opportunity overseas
- US fuel ethanol exports have surged to 29.598 million barrels in the first eight months of 2024, 34.92% higher than the same period in 2023, Energy Information Administration data showed Nov. 19. So far in 2024, US ethanol exports have been restored to prepandemic levels. The US exported a record-high of 40.976 million barrels in ...
- — China crude oil imports set for November rebound, but it’s price not demand
- Chinas crude imports are on track to rebound in November to the highest in three months, but the increasing appetite of the worlds largest oil importer is more about price than rising demand. Crude oil arrivals may reach around 11.4 million barrels per day (bpd) this month, the most since August and the third-highest month ...
- — US LNG exports primed to jump as price arb to Europe opens wide
- United States exports of LNG to Europe are set to jump in the coming weeks after the price spread between domestic natural gas and Europes main gas pricing hub hit one-year highs. The price differential between U.S. Henry Hub natural gas futures NGc1 the U.S. gas price benchmark and the TTF gas trading ...
- — Indonesia’s September palm oil exports down 30% y/y, GAPKI says
- Indonesias palm oil stocks climbed in September as exports and domestic consumption declined, while output improved slightly, data from the main palm oil industry association GAPKI showed on Thursday. Inventories in the worlds largest palm oil producer stood at 3.02 million metric tons by end-September, a jump of 23.3% on a monthly basis. Exports of ...
- — Taiwan buys estimated 80,000 T of wheat of U.S. origin, traders say
- The Taiwan Flour Millers Association purchased an estimated 80,000 metric tons of milling wheat to be sourced from the U.S. in a tender on Thursday, European traders said. The purchase involved two 40,000 ton consignments for shipment in 2025 from the U.S. Pacific Northwest coast. The first consignment for shipment between Jan. 20-Feb. 3 involved ...
- — China’s October soy imports from US climb for seventh month
- Chinas soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the White House. Trump won the U.S. presidential election the following month in a comeback that is ...
- — Iraq’s fuel oil exports head for record year after Oct volumes jump
- Iraqs fuel oil exports are on track to hit all-time highs this year after the country ramped up shipments in October, as domestic demand eased while output rose, according to industry sources and ship-tracking data. The boost in exports of the residue fuel will support oil revenues for the Organization of the Petroleum Exporting Countries ...
- — LNG buyers shape 2025 strategy amid expectations of tighter supply
- Anticipation of potential increases in 2025 spot LNG prices is shaping buyers purchasing strategies, as the global LNG market braces for tight conditions amid concerns over supply vulnerabilities and increasing demand. Spot LNG prices in 2025 remain vulnerable to supply-side shocks and unforeseen events as the global LNG balance is expected to remain tight from ...
- — Asia’s jet fuel imports from India to hit multi-year highs in November
- Asias imports of jet fuel from India are set to hit multi-year highs in November ahead of peak winter demand after refinery outages and lower exports from China crimped supplies, according to industry sources and shiptracking data. Indian refiners have been processing large volumes of cheap Russian crude since the start of the Ukraine war ...
- — China’s Oct coal imports from Russia rise 13%
- Chinas coal imports from Russia rose 13% in October from the same month a year earlier despite sanctions on Moscow, customs data showed on Wednesday. The October figure was 8.24 million metric tons, down slightly from 8.33 million tons in September and the lowest monthly level since March. The October total brought Russian shipments to ...
- — China’s Oct fuel oil imports climb to five-month high
- Chinas fuel oil imports for October rose to their highest in five months, customs data showed on Wednesday. The imports totalled 2.06 million metric tons, or about 423,000 barrels per day, according to data from the General Administration of Customs. The import volume edged up 3% month-on-month and 14% year-on-year. This included purchases under ordinary ...
As of 11/22/24 6:56pm. Last new 11/22/24 1:13pm.
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