- — Europe and Asia’s response to 60% Middle East crude export collapse reshapes global energy trade
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at 4/17/26 3:00pmMiddle East crude exports collapsed nearly 60% between early February and early March 2026, falling from 18.7 million barrels per day (bpd) to 5.9 million bpd as the Strait of Hormuz faced paralysis, according to Wood Mackenzies VesselTracker. This disruption has triggered an unprecedented global energy realignment, with Europe importing record North American crude and ...- — Lack of alternative supply pressures jet fuel markets
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at 4/17/26 3:00pmGlobal jet/kero supply has been significantly constrained following the closure of the Strait of Hormuz, through which around 25% of global seaborne jet/kero exports transited in April 2025. As of April 14, global seaborne jet/kero liftings were down 30% year-on-year, reaching their lowest level since the collapse in air travel during 2021. The shortage is ... - — U.S. natural gas exports to grow nearly 30% by 2027 as LNG facilities ramp up
- at 4/16/26 3:00pmIn our latest Short-Term Energy Outlook (STEO), we forecast that U.S. liquefied natural gas (LNG) exports will continue to increase as five LNG export projects start operations and ramp up production by the end of 2027. We also forecast increased natural gas pipeline exports, mainly to Mexico. In our forecast, net exports of U.S. natural ...
- — Norway’s crude oil exports up 68% in March due to Iran war
- at 4/16/26 3:00pmNorway’s crude oil exports hit a record high in March as the war in Iran and the closure of the crucial Strait of Hormuz shipping lane drove up oil prices, Statistics Norway said on Wednesday. The Scandinavian country is the largest producer of oil and natural gas in Europe, excluding Russia. Around a fifth of ...
- — Europe’s ammonia imports fall in Q1 as buyers shun US product under CBAM
- at 4/16/26 3:00pmEuropean ammonia imports dipped and buyers steered clear of US product in the first quarter of the definitive phase of the EUs Carbon Border Adjustment Mechanism, ship tracking data compiled by Platts, part of SP Global Energy, showed. According to the data, about 717,000 metric tons of seaborne ammonia were imported to the EU in ...
- — TRADE REVIEW: Rising costs to support Asian nickel in Q2 despite supply surplus
- at 4/15/26 3:00pmThis report is part of the SP Global Energys Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper, alumina, cobalt, lithium, nickel and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts to ...
- — Aluminum Prices Retreat from 4-Year Highs
- at 4/15/26 3:00pmAluminum futures in the UK fell to below $3,600 per tonne, pulling back from a more than four-year high, as expectations of increased exports from China, the world’s largest aluminum producer, helped ease concerns over ongoing disruptions in the Persian Gulf. Chinese firms have signaled their readiness to step in with alternative supplies for overseas ...
- — Blue House tackles ‘most urgent task’ by securing 273 million barrels of crude oil, 2.1 millions ton of naphtha
- at 4/15/26 3:00pmKorea secured 273 million barrels of crude oil and 2.1 million tons of naphtha, Blue House chief of staff Kang Hoon-sik said on Wednesday after returning from an eight-day trip to Oman, Saudi Arabia, Qatar and Kazakhstan to secure alternative supplies amid the Middle East conflict. On Tuesday, Kang returned from his visit, for which ...
- — Bangladesh’s BPC invites international suppliers for refined oil products
- at 4/15/26 3:00pmBangladesh Petroleum Corporation has invited international suppliers to enlist for the supply of refined petroleum products on a CIF or CFR basis, according to a notice emailed to Platts, part of SP Global Energy, dated April 13. The enlistment process, conducted through an international request for quotation, aims to qualify suppliers for future deliveries of ...
- — Steel Rises on Stronger Demand
- at 4/15/26 3:00pmSteel rebar futures climbed above CNY 3,080 per ton, rebounding from multi-week lows amid improving end-user demand, with Chinese mills ramping up production. Sentiment was also supported by optimism over a potential diplomatic resolution to the Iran conflict, with a longer-term ceasefire expected to revive Middle Eastern demand for Chinese steel. The conflict has disrupted ...
- — European fertilizer industry defends channeling CBAM funds to farmers
- at 4/15/26 3:00pmIndustry group Fertilizers Europe has called for revenues from the EUs Carbon Border Adjustment Mechanism to be channeled directly to farmers and for a freeze of the EU Emissions Trading System free allocations until 2030, as the war in the Middle East ripples across markets, according to an April 14 press release. Fertilizers Europe defended ...
- — India spots opportunity in Venezuelan crude as Hormuz crisis squeezes supplies
- at 4/15/26 4:00amIndia has turned to Venezuelan crude for near-term cargoes to fill part of the vacuum created by the disruption of supplies from the Middle East, but volumes from the South American supplier may not increase significantly as those heavier grades can only be used by some complex refineries, trade sources and analysts said April 8. ...
- — West Africa diesel, gasoil imports reach 899,000 mt so far in April: CAS
- at 4/14/26 3:00pmApril imports of diesel and gasoil into West Africa so far have reached 899,000 metric tons, while no diesel/gasoil has been exported from Nigerias Dangote refinery in April so far, data from SP Global Commodities at Sea(opens in a new tab) showed. About 899,000 mt of diesel/gasoil arrived in West Africa so far in April, ...
- — Eni CEO urges EU to rethink Russian gas import ban
- at 4/14/26 11:00amThe European Union should reconsider its plans to progressively ban imports of Russian gas from the start of 2027, according to Claudio Descalzi, the CEO of Italian energy group Eni. Speaking at an event organized by the co-ruling League party on Sunday, Descalzi questioned how the bloc could replace 20 billion cubic meters of gas ...
- — ASIA JET FUEL MOC: Singapore jet fuel loadings reach over 4-year high in February
- at 4/14/26 4:00amParticipants in the Asia Platts jet fuel Market on Close assessment process concluded loading and discharging 1.464 million barrels of the middle distillate traded in February, the highest volume since September 2021, according to operational trade performance data compiled by Platts, part of SP Global Energy. The September 2021 volumes were at 2.23 million barrels, ...
- — ZAWYA: Iraq exports crude via Turkey by tankers
- at 4/9/26 3:00pmIraq this week sent hundreds of crude-laden tankers by land from its Southern oilfields to the North for export to Europe via Turkey as the Strait of Hormuz remained blocked. Oil officials said nearly 90,000 barrels were sent from the Southern port of Basra aboard more than 400 tankers to Kirkuk, where they will be ...
- — LNG Shock: From Supply Disruption to System Strain
- at 4/9/26 4:00amThe global LNG market remains under significant stress following Iranian attacks on Qatari energy infrastructure, which have removed approximately 17% of Qatar’s LNG export capacity, equivalent to roughly 3% of global LNG supply. The disruption is concentrated in the LNG liquefaction trains at Ras Laffan, where strikes damaged processing units and associated infrastructure, resulting in ...
- — Asia crude slate shifts lighter as Middle East losses deepen
- at 4/8/26 3:00pmEven if the Strait of Hormuz were to reopen immediately — as President Trump has urged — the damage to the global oil market is already entrenched. Some changes will not simply snap back once the conflict ends. One of the most significant is Asia’s refining feedstock slate, which has already shifted noticeably lighter, with ...
- — The Middle East Gulf was source for 8% of 2025 U.S. crude oil imports
- at 4/8/26 4:00amIn 2025, the United States imported an average of 490,000 barrels per day (b/d) of crude oil from the Middle East Gulf region—Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). Crude oil imports from the region are primarily medium sour grades of crude oil and flow mainly into the West ...
- — Middle East crisis: Russia offers to increase crude oil supply, LNG supplies to India
- at 4/8/26 4:00amThe Iran war, which has sent crude oil prices spiralling worldwide, continues to wage on. Amid an intensifying oil and LNG shortage, Russia has offered to expand the scale of supply of crude oil and natural gas to India. While the two parties agreed to further enhance the overall bilateral ties, energy cooperation surfaced prominently ...
- — Korean Refiners’ Export Hit Record-high in March Amid Crude Supply Shortage
- at 4/8/26 4:00amAlthough domestic petroleum product exports reached their second-highest level on record in March amid surging oil prices from the Middle East war, a sense of tension is palpable throughout the oil refining industry. Concerns are mounting that profitability could falter as a crude oil shortage looms for the second quarter. According to industry sources on ...
As of 4/18/26 4:53pm. Last new 4/17/26 3:56pm.
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