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Kazakhstan has extended its export restrictions on ferrous and non-ferrous waste exports while expanding the ban on steel scrap outflows to include all means of transportation. The Minister of Industry and Construction of Kazakhstan issued an order on Oct. 24 imposing a six-month ban on

Italy’s Eni said Oct. 25 its global gas and LNG sales volume dropped in the third quarter by 1% year over year to 10.8 Bcm on the back of lower volumes in Europe outside of Italy. The total included an LNG volume of 2.2 Bcm,

East Mediterranean LNG prices have sunk lower against European gas and LNG weak demand in the prompt coupled with weaker shipping market helped to dampen premiums, sources said. Platts, part of S&P Global Commodity Insights, assessed the DES East Mediterranean marker for December at $13.728/MMBtu

The 2024 presidential election presents the US energy commodities sector with a big dose of uncertainty about the regulatory, tax and climate policies ahead in the next four years. Former President Donald Trump, the Republican nominee, has promised deregulatory steps that aim to stamp out

Rates for Very Large Crude Carrier voyages loading in West Africa have so far failed to mount a sustained recovery from the lows experienced during the summer months of 2024, with sources pointing to an oversupply of tonnage, lower-than-expected cargo inquiry levels and weakness in

At just one kilometer long, the tiny West African island of Mbanie might seem an unlikely focal point for a bitter territorial dispute. But a string of oil and gas discoveries and developments in the waters surrounding the island are fueling a tense court battle

The outcome of the US presidential election is seen as decisive for the country’s agriculture, with the new president Donald Trump assuming office amid low commodity prices and falling farm incomes. The Platts assessments from S&P Global Commodity Insights for US corn and soybean show

Trump’s election as US President “is set to have far-reaching, significant effects on global gas markets,” Axpo Singapore Managing Director Sophie Ducoloner told S&P Global Commodity Insights in an interview. “Trump is expected to fast-track new LNG projects. On the other hand, had the Democrats

State-owned Russian Railways’ (RZD) 13.8% freight tariff hike, effective Dec. 1, is likely to squeeze thermal coal exporters’ profit margins, boost offer prices at the ports and increase logistics costs for buyers willing to shoulder the higher price, market sources said Nov. 13. Russia has

Northwest European LNG prices flipped to premium territory versus Northeast Asian benchmarks for the first time this year as European worries over supply shortages bolster sentiment. Platts, part of S&P Global Commodity Insights, assessed the JKM — the benchmark price reflecting LNG delivered to Northeast

Mitsui O.S.K. Lines, or MOL, the world’s largest operator of LNG carriers, expects to expand investment in its LNG businesses and boost its super-chilled fuel carrier fleet to around 150 vessels by 2030, buoyed by its solid position for the energy transition, President and CEO

Europe’s Carbon Border Adjustment Mechanism, which levies a carbon tax on certain exports into the EU, is expected to hurt India’s steel industry, Indian Finance Minister Nirmala Sitharaman said Oct. 9, terming CBAM a trade barrier. Speaking at the FT Energy Transition Summit held in

Hunter Valley Operations, a joint venture between Australia’s top coal miners Yancoal and Glencore, is planning to seek a short-term extension for the continuation of its two key coal mining projects from both the New South Wales and federal governments, according to HVO’s statement seen

Marine energy demand will fall in the long run if the International Maritime Organization provides more policy incentives to reach its net-zero target by 2050, the International Energy Agency said Oct. 16, even as shipping disruptions in the Red Sea have boosted short-term bunker demand.

A production line at Neste’s Singapore biorefinery, dedicated to renewable diesel for the US market, has been temporarily shut due to technical issues, five biofuel traders said Oct. 17. The unplanned stoppage occurred during the plant’s restart after scheduled maintenance work. The planned outages at

Feed mills as a crucial component of the food supply chain are vulnerable to changes both upstream and downstream. Considering the recent spike of the Platts FOB POC corn assessment to a 16-month high , S&P Global Commodity Insights interviewed Anis Alam, the chief grain

India is likely to import around 1 million mt of non-genetically modified corn from Myanmar into different southern ports of Tuticorin, Chennai, and Visakhapatnam to ease tightness in the domestic markets amid rising demand from the ethanol industry, trade participants said. The Indian government rolled

European aluminum producer Hydro is focusing on technology investments to improve supply and recycling rates for post-consumer aluminum scrap within the continent in a bid to boost self-sufficiency, Wayne Clifton, head of European Recycling at Hydro, told S&P Global Commodity Insights. “We’ve been at the

“King Coal,” once dominant in American energy politics, has nearly vanished as a national political force in 2024. As climate change became a mainstream concern and consumers increasingly embraced coal’s alternatives, the “war on coal” narrative faded from the national stage and has scarcely been

A Finnish court has ordered the seizure of Russian assets in Finland valued at tens of millions of dollars following a petition from Ukraine’s Naftogaz, the state-owned gas company said Oct. 28. Naftogaz is currently looking to enforce a $5 billion arbitration award made in

The UK is preparing to award GBP2.3 billion ($3 billion) in revenue support to 11 green hydrogen projects totaling 125 MW, after the finance ministry confirmed the funding in the new Labour government’s first budget on Oct. 30. The projects will provide hydrogen to at

Petcoke deliveries to Turkey totaled 322,558 mt in September, up 11.3% from August and 10% down year on year, according to data from the Turkish Statistical Institute published Nov. 4. The month over month rise in imports was due to a rise in spot demand

The Canadian government issued draft regulation to cap greenhouse gas emissions from oil and gas production at 35% below 2019 levels by 2030, Federal Environment Minister Steven Guilbeault said Nov. 4. “Canada’s oil and gas sector accounts for almost a third of our total GHG

Global gas liquefaction capacity is expected to grow to about 700 million mt/year by 2030 to meet increased demand for the fuel as some countries such as India raise their reliance on LNG to meet their energy needs and advance their net zero ambitions, Petronet

Gasoline coming from Russia totaling 141,100 barrels are expected to arrive in the Brazilian port of Santos over the next two weeks, according to data retrieved Nov. 11 from S&P Global Commodities at Sea . The Southeastern Brazilian port is scheduled to receive a Russian

Germany’s SEFE is collaborating with Brazil’s Eletrobras to supply 200,000 mt/year of green hydrogen to Germany from 2030, SEFE said in a statement Nov. 13. SEFE, Eletrobras and Kuwaiti project developer EnerTech will jointly develop a grid-connected electrolysis plant in Brazil, powered by hydropower and

Commonwealth LNG developer Kimmeridge could secure sufficient long-term contracts by the end of the year to commercially sanction the Louisiana export project, based on talks with potential buyers and investors after Donald Trump’s election bolstered expectations that the US will end a moratorium on LNG

The third quarter of 2024 was a frustrating period for shipowners operating in the West of Suez VLCC sector, with muted spot-market inquiry levels and weakness in the Persian Gulf loading zone preventing rates from mounting a sustained recovery from the lows experienced in the

Asian rice prices have plunged to multi-month lows following India’s decision to lift its export ban on non-basmati white rice, sparking increased competition among major exporters like Pakistan, Myanmar, and Thailand, market sources told S&P Global Commodity Insights. As buyers shift to more competitive origins,

China’s new energy vehicle sales reached 1.29 million units in September, up 17% month over month and 42.3% year over year, hitting an all-time high and surpassing the record set in August, the China Association of Automobile Manufacturers (CAAM) said late Oct. 12. CAAM considers

Global oil demand will decline faster than expected in the coming decades as electric vehicles continue to erode oil use in road transport, while biofuels and hydrogen deflate the need for oil in the aviation and shipping sectors, according to the International Energy Agency’s latest

Year-to-date trading of CFR Turkey scrap futures contracts on the London Metal Exchange have broken through the 10 million metric tons mark, according to the latest data to Oct. 17. The trading volume of LME CFR Turkey scrap futures for the year up to Oct.

Oversupply remains a key driver of price in the European cobalt metal market, with a continued depressed outlook for the product amid Chinese overproduction. With more Chinese metal producers increasing production capacity and other origins like Indonesia becoming more prevalent, the oversupply picture has become

(Platts)–23Oct2024/818 AM EDT/1218 GMT…(Platts)–23Oct2024/818 AM EDT/1218 GMT…Read More

GrainCorp, one of Australia’s top agribusiness and processing companies, has failed to reach an agreement with the country’s labor union on wage hikes for workers at its New South Wales grain delivery sites, which may result in a protected industrial action beginning as early as

West African rice buyers are adjusting to India’s recent removal of its 10% export duty on parboiled rice, which has contributed to price drops in the region. Platts, part of S&P Global Commodity Insights, assessed parboiled 5% STX CFR Cotonou rice at $535/mt on Oct.

Platts-delivered blue ammonia prices in the US and Northwest Europe extended their premium to Asia in September, tracking gains in conventional ammonia markets amid supply constraints in the Middle East and North Africa. Platts, part of S&P Global Commodity Insights, assessed blue ammonia CFR US

US shale gas producer Coterra Energy has signed gas supply agreements with commodities trader Vitol and UK utility Centrica marking the latest effort by a US upstream company to access international LNG prices. Each of the sale and purchase agreements announced separately Oct. 30 was

Traded volumes and end-month open interest for the JKM LNG futures cleared on the Intercontinental Exchange (ICE) reached new highs in October as the market prepared for the winter season, according to exchange data and market feedback. LNG futures traded volumes on ICE hit a

Republicans on Nov. 6 won a majority in the US Senate, potentially introducing further uncertainty for the nation’s energy sector. The AP projects Republican challengers to beat Democratic incumbents in Ohio and West Virginia and retain a seat in Texas. Should Republicans secure a trifecta,

Australian wheat prices were rangebound in October as price support from slow grower selling was balanced by bearish pressure from healthy early harvest yields. Australian wheat rangebound, early harvest yields decent Australian wheat prices were at $262/mt and $252/mt for Australian Premium White and Australian

Turkey is a significant importer of wheat and corn, particularly from the Black Sea region. For the 2024-25 season, wheat imports are projected at 6.5 million mt, mainly from Russia, while corn imports are expected to reach 2.1 million mt, primarily from Ukraine, a decline

Germany has put a halt to greenhouse gas emissions ticket rollovers in 2025 and 2026, to quash oversupply of the certificates in the biofuels market and to encourage production, the government said Nov. 13. Oil industry participants in Germany can now only use carbon credits

US ethane recovery has eased in recent months amid record high storage inventories, but midstream companies see opportunities for further recovery next year when new export capacity start service. Ethane production in 2024 has averaged 2.78 million b/d in 2024, up 5% year on year

The Platts KMAX 9 Index, which tracks the earnings of Kamsarmax class bulk carriers, collapsed to below previous years’ levels in the third quarter, driven by the perpetually overtonnaged Atlantic basin and a summer-induced slump in demand for dry bulk commodities. This occurred despite a

A ship in the Red Sea near Eritrea was damaged after being hit on Oct. 10 by an unknown projectile, the UK Maritime Trade Operations reported on X, formerly Twitter. The incident occurred 70 nautical miles southwest of Hudayah, Yemen, marking the first attack since

Horisont Energi is exploring options for developing the Polaris CO2 storage license after Orlen Upstream Norway pulled out, Horisont said in a statement Oct. 14. Horisont said it was in discussion with the Norwegian Ministry of Energy and new potential license partners, and is working

(Latest update Oct. 16, 2024) The Platts global bunker fuel cost calculator shows how Platts price assessments for methanol, ammonia, LNG, bioblends and conventional oil-based fuels can be used to calculate the cost of marine fuels around the world, taking into account the EU Emissions

Russian exporters will directly supply grain to 13 countries without foreign intermediaries, the Russian Grain Union told Interfax news agency Oct. 18. The decision follows an Oct. 11 meeting where a recommendation stated that exporters would restrict sales exclusively to them, with a commitment not

This report is part of the S&P Global Commodity Insights’ 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

Bulog, Indonesia’s state-owned food procurement agency, has announced the cancellation of its most recent tender, originally scheduled for Oct. 22. The agency cited internal policy guidelines as the reason for the decision. A source said that the terms of reference for the tender need to

The global alumina market may remain at elevated levels in the fourth quarter of 2024 on the back of the upstream bauxite sector seeing availability issues and other disruptions, which will likely more than offset a limited restoration of reduced output and shipping issues seen

Tropical storm Trami, which swept through northwest Philippines in the week to Oct. 25, is estimated to have caused significant damage to local corn crops and animal husbandry industries, market sources said. However, the full impact to the supply and demand fundamentals of Philippines’ feed

France’s TotalEnergies said Oct. 29 it discovered additional gas condensate resources at the Harald field in the Danish North Sea with a new exploration well. Located in shallow waters 250 km off the west coast of Denmark, the HEMJ-1X well was drilled in the eastern

Israeli Defense Forces struck fuel depots in northeastern Lebanon on Oct. 30 as part of its attack on Hezbollah in Baalbek, according to media reports. ABC News cited an IDF statement that said the “fuel depots supplied fuel Hezbollah’s military vehicles,” adding the fuel was

Coal flows at Westshore Terminals in British Columbia, Canada, remained unaffected by strike activity in the region by the International Longshore and Warehouse Union, the Westshore Terminals operations department told S&P Global Commodity Insights on Nov. 4 Coal ships were continuing to load and depart

Australia’s Evion Group expects to ship 386 mt of expandable graphite from its Indian joint venture to Germany’s Technografit GmbH by mid-March 2025, the company said Nov. 6., marking the JV’s first sales. The 386 mt is part of the initial production from Panthera Graphite

Indonesia’s government is looking to increase its palm oil-based biodiesel mandate to 50% of its gas oil supply by 2028, Edi Wibowo, director of the Energy and Mineral Resources Ministry, said at an industry conference in Bali Nov. 7. Indonesia, the world’s largest palm oil

November’s Kanto H2 grade scrap tender saw one successful bid at a lower price month over month on both a yen and dollar denominated basis Nov. 12 against a recent backdrop of softening seaborne spot pricing sentiment. The winning bid was awarded at Yen 45,180/mt

Chinese state-owned Sinopec’s heads of agreement with TotalEnergies for the supply of LNG is likely being discussed at a price of around 12% crude oil slope or lower amid current market conditions, sources told S&P Global Commodity Insights. The HOA signed on Nov. 4 allows

China has announced sweeping changes to its export tax rebates for key commodities, including aluminum, copper and oil products, effective Dec. 1, sending shockwaves through markets on fears of reduced trade flows. In a statement Nov. 15, China’s finance ministry said that from next month,

A weaker US dollar helped propel crude futures higher May 7 despite a weaker-than-expected US…A weaker US dollar helped propel crude futures higher May 7 despite a weaker-than-expected US…A weaker US dollar helped propel crude futures higher May 7 despite a weaker-than-expected US…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack, restricting the delivery…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack, restricting the delivery…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack, restricting the delivery…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…

Very Large Gas Carrier, or VLGC, rates are set to rally further in the near…Very Large Gas Carrier, or VLGC, rates are set to rally further in the near…Very Large Gas Carrier, or VLGC, rates are set to rally further in the near…

The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball…The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball…The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball…

US Gulf Coast refining margins have risen as the lifting of coronavirus restrictions have boosted…US Gulf Coast refining margins have risen as the lifting of coronavirus restrictions have boosted…US Gulf Coast refining margins have risen as the lifting of coronavirus restrictions have boosted…

The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…

Headwinds have reemerged for the Asian gasoline market, as new pockets of COVID-19 infections across…Headwinds have reemerged for the Asian gasoline market, as new pockets of COVID-19 infections across…Headwinds have reemerged for the Asian gasoline market, as new pockets of COVID-19 infections across…

Green hydrogen company Everfuel is planning a 300 MW electrolyzer project adjacent to the Fredericia…Green hydrogen company Everfuel is planning a 300 MW electrolyzer project adjacent to the Fredericia…Green hydrogen company Everfuel is planning a 300 MW electrolyzer project adjacent to the Fredericia…

The Semiconductors in America Coalition pressed Congress May 11 to include significant funding for US…The Semiconductors in America Coalition pressed Congress May 11 to include significant funding for US…The Semiconductors in America Coalition pressed Congress May 11 to include significant funding for US…

Hot-rolled coil and busheling scrap futures continued their move higher during the week ended May…Hot-rolled coil and busheling scrap futures continued their move higher during the week ended May…Hot-rolled coil and busheling scrap futures continued their move higher during the week ended May…

0240 GMT: Crude oil futures inched higher in mid-morning trade in Asia May 12 after…0240 GMT: Crude oil futures inched higher in mid-morning trade in Asia May 12 after…0240 GMT: Crude oil futures inched higher in mid-morning trade in Asia May 12 after…

The Colonial Pipeline is making “forward progress” in the full restart of its operations, and…The Colonial Pipeline is making “forward progress” in the full restart of its operations, and…The Colonial Pipeline is making “forward progress” in the full restart of its operations, and…

A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a…A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a…A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a…

Aluminum demand should take only a limited hit in the automotive sector over the next…Aluminum demand should take only a limited hit in the automotive sector over the next…Aluminum demand should take only a limited hit in the automotive sector over the next…

Container throughput at the Port of Long Beach, California, in April eased back from an…Container throughput at the Port of Long Beach, California, in April eased back from an…Container throughput at the Port of Long Beach, California, in April eased back from an…

Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…

Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…

The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…

China’s robust demand forecast for soybeans is likely to boost international soybean prices, at least…China’s robust demand forecast for soybeans is likely to boost international soybean prices, at least…China’s robust demand forecast for soybeans is likely to boost international soybean prices, at least…

1004 GMT: Oil futures prices fell in midmorning London trading May 13 on news that…1004 GMT: Oil futures prices fell in midmorning London trading May 13 on news that…1004 GMT: Oil futures prices fell in midmorning London trading May 13 on news that…

Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…

Foreign-flagged ships previously booked for voyages from the US Gulf Coast to the US Atlantic…Foreign-flagged ships previously booked for voyages from the US Gulf Coast to the US Atlantic…Foreign-flagged ships previously booked for voyages from the US Gulf Coast to the US Atlantic…

Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…

Brazil’s Mines and Energy Ministry is keeping its mandate for 10% biodiesel blending into diesel…Brazil’s Mines and Energy Ministry is keeping its mandate for 10% biodiesel blending into diesel…Brazil’s Mines and Energy Ministry is keeping its mandate for 10% biodiesel blending into diesel…

Thailand’s third Quota B raw sugar tender on May 12 saw lower average cash premium…Thailand’s third Quota B raw sugar tender on May 12 saw lower average cash premium…Thailand’s third Quota B raw sugar tender on May 12 saw lower average cash premium…

Methanex Corporation subsidiary Waterfront Shipping carried out barge-to-ship bunkering of methanol in collaboration with the…Methanex Corporation subsidiary Waterfront Shipping carried out barge-to-ship bunkering of methanol in collaboration with the…Methanex Corporation subsidiary Waterfront Shipping carried out barge-to-ship bunkering of methanol in collaboration with the…

Spain has become the latest European country to set a date for a ban on…Spain has become the latest European country to set a date for a ban on…Spain has become the latest European country to set a date for a ban on…

The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…

The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…

The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…

The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…

Improving commodity prices and new energy infrastructure that provides outlets for Western Canada oil and…Improving commodity prices and new energy infrastructure that provides outlets for Western Canada oil and…Improving commodity prices and new energy infrastructure that provides outlets for Western Canada oil and…

US caustic soda exports in the first three months of 2021 fell 3% from the…US caustic soda exports in the first three months of 2021 fell 3% from the…US caustic soda exports in the first three months of 2021 fell 3% from the…

0312 GMT: Crude oil futures were rangebound during mid-morning trade in Asia May 7 as…0312 GMT: Crude oil futures were rangebound during mid-morning trade in Asia May 7 as…0312 GMT: Crude oil futures were rangebound during mid-morning trade in Asia May 7 as…

Singapore’s FueLNG — a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum…Singapore’s FueLNG — a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum…Singapore’s FueLNG — a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum…

Chinese oil companies’ lack of export quotas is likely to cap their supplies of domestically-produced…Chinese oil companies’ lack of export quotas is likely to cap their supplies of domestically-produced…Chinese oil companies’ lack of export quotas is likely to cap their supplies of domestically-produced…