Nigeria’s Bonny Light, Amenam crude under force majeure as disruptions resume
Nigerian crude exports are seeing lengthy disruptions, with exports of two crude grades — Bonny…
Iran presses Europe again to bypass US sanctions on oil sales via payment channel
European signatories of the Iran nuclear deal should step up their efforts to allow Tehran’s…
Pompeo touts oil price drop, says US working to find supplies for Iran’s customers
US Secretary of State Mike Pompeo touted Friday’s drop in Brent crude oil futures and…
Americas petrochemical outlook, w/c April 29
US OLEFINS The US April ethylene contract is expected to settle lower this week as…
US corn inspected for export rises 1% on week, falls 8% on year: USDA
The amount of US corn inspected for export in the week that ended April 25…
Chile lifts coal imports, but limited by rising natural gas supplies
Chile’s coal imports jumped over 40% in February to over 1.3 million mt, a report…
Tricon marketing recycled resin in Brazil for sustainability initiative
Global petrochemical trading, distribution and marketing company Tricon said Monday that it has partnered with…
Analysis: US crude build likely extends amid export slowdown and still-weak refinery runs
A buildout in US crude supply likely extended last week as refinery runs were expected…
Russia says ‘clean’ crude to reach the port of Ust-Luga on May 7
The Russian energy ministry said Monday that it expected normal quality crude to enter the…
US senators urge White House to stay out of IMO 2020 implementation
Fourteen Republican US senators urged the White House on Monday to let tougher international marine…
Anadarko says will resume negotiations with Occidental on merger proposal
Anadarko Petroleum said Monday it will resume negotiations with Occidental Petroleum for a potential merger…
Tellurian proposes fourth natural gas pipeline to serve US Gulf Coast markets
Tellurian launched a fourth natural gas pipeline project Monday as the Driftwood LNG export terminal…
Initial production from Cameron LNG second, third trains pushed back until 2020: McDermott International
Startup of the second and third liquefaction trains at Sempra Energy’s Cameron LNG export terminal…
Crude oil futures slip on expected stock build, market awaits Iran sanctions
Crude oil futures were lower during mid-morning trade in Asia Tuesday amid an expected build…
Analysis: Indonesia’s trade deficit raises urgency to boost refining capacity
Indonesia will likely speed up its ongoing projects aimed at boosting the country’s refining capacity…
Anadarko reports increased sales, oil and gas production in Q1 amid acquisition talks
Anadarko Petroleum, an acquisition target of two potential suitors in the past 10 days, released…
Traders expect imminent ‘massive’ LNG imports from the Middle East
The Middle East is likely to see a large LNG tender in the near term,…
Russia’s Gazprom to begin gas injection into China pipeline in Q3
Gas giant Gazprom plans to start injections of Russian gas into the 38 Bcm/year capacity…
China’s ethanol imports in March surge 79% on month
Chinese ethanol imports jumped 78.9% month on month to 7,389 cu m in March from…
China’s March gas imports rise 16.7% on year on LNG demand growth
China imported 6.94 million mt of natural gas in March, up 16.7% year on year,…
UK’s Serinus marks Romania ‘milestone’ with first Moftinu gas output
UK-listed Serinus Energy has begun production at its Moftinu onshore gas field in Romania, the…
Con Edison, Tennessee Gas to expand gas transportation flows into New York
Consolidated Edison Co. of New York reached an agreement with Tennessee Gas Pipeline for an…
Brazilian ethanol prices drop nearly 14% on favorable harvesting conditions
Hydrous ethanol prices in Brazil’s key Center-South region declined over 13.72% in the week to…
Some US corn farmers may switch to soybeans on weather: analysts
Corn farmers in some areas in the US may switch to planting soybeans this season…
Permian Basin gains drive ExxonMobil, Chevron first quarter production rise
Output gains in the US Permian Basin helped drive first quarter oil production growth for…
Saudi Arabia, Nigeria look to strengthen oil ties
Saudi Arabia is looking to strengthen ties with Africa’s largest oil producer, with state-owned Saudi…
Trump asks OPEC to boost oil supply, blames state taxes for gasoline prices
US President Donald Trump showed Friday he remains focused on domestic gasoline prices as the…
Analysis: Venezuela sanctions weigh on US MTBE prices
The sharp dropoff in Venezuela’s purchasing of MTBE, as reflected in the most recent US…
Upside just over the horizon for a tightening Asian gasoline market
Commercial onshore light distillate stocks in Singapore, the region’s largest oil trading hub, hit a…
China, US face off on Iranian crude flows, with risks to global economy
China and the US are in an intense standoff over Iranian crude oil, with China…
LyondellBasell has pipeline of ideas if Braskem deal falls through: CEO
Global petrochemical and refining giant LyondellBasell is working through its potential acquisition of Brazilian petrochemical…
Russian oil exports to Europe likely disrupted into May over quality problem
Flows of Russia’s key Urals crude exports to Europe via the Druzhba pipeline are likely…
Crude settles lower amid profit-taking, Trump comments
Oil futures ended the week sharply lower as traders booked profits amid indications of a…
Iran sees oil above $100/b, repeats threat of Strait of Hormuz closing
A top Iranian military official repeated a threat to shut the Strait of Hormuz if…
Crude oil futures lower on Trump comments, awaits fresh cues
Crude oil futures were lower during mid-morning trade in Asia Monday amid the recent comments…
Asian middle distillates pause for price direction, await China export quotas
Participants in the Asian middle distillates market were looking forward to clearer pricing indications for…
Indian refiners’ Mar crude throughput up 6.5% on year at 5.3 mil b/d
Indian refiners processed 22.5 million mt, or an average 5.3 million b/d, of crude oil…
Asia petrochemicals outlook, w/c Apr 29
Trading activity in olefins and aromatics markets was expected to be tepid this week as…
‘Extremely difficult’ for Japan refiners to resume Iran oil imports: PAJ
Japanese refiners will find it “extremely difficult” to resume imports of Iranian oil, following the…
Key Polish refineries’ say not affected by Russian crude supply halt
Key Polish refiners, PKN Orlen and Grupa Lotos, said Thursday the operations of their refineries…
Iraq needs a lot more water to fuel its oil growth ambitions: IEA
Iraq could become the world’s fourth largest oil producer by 2030 — if it can…
Fujairah heavy residue stocks rise to 21-month high on higher cargo inflow
Stockpiles of heavy distillates and residues in Fujairah surged to a 21-month high as more…
Russia expects ‘clean’ Urals crude exports via Druzhba to resume Mon: report
Russia has pledged to resolve a rare quality glitch with its Urals crude within days…
Center-South Brazil sugarcane crush starts slower than expected: Unica
Mills in Center-South Brazil crushed 13.865 million mt of sugarcane to begin the 2019-20 crop…
Celanese keeps Americas VAM supply control in place: company
US-based vinyl acetate monomer producer Celanese is maintaining supply control on its sales in the…
QEP Resources maintains belt-tightening efforts in Q1, boosts drilling
Despite belt-tightening efforts over the past year, QEP Resources’ drilling efficiency improvements will allow the…
BASF issues US order control on oxo-alcohols 2-EH, NBA
BASF this week imposed order controls on 2-ethylhexanol, normal butanol and iso-butanol in the US…
Fluids at Guyana discovery Yellowtail similar to those of nearby Liza: Hess
Yellowtail, Guyana’s latest offshore deepwater discovery, contains oily fluids similar to those of the country’s…
US total oil, natural gas rig count falls 10 on week to 1,066
The combined US oil and natural gas rig count fell by 10 to 1,066 this…
Indiana denies Vectren bid to replace coal capacity with 850-MW natural gas plant
The Indiana Utility Regulatory Commission has rejected a Vectren subsidiary’s proposal to build an 850-MW…
Rio Grande LNG terminal project could help maintain Permian production: US DOE official
NextDecade’s proposed 27 million mt/year Rio Grande LNG terminal drew support from a top US…
Tellurian works on financing in tandem with equity partnerships for Driftwood LNG
Company podcast addresses FID questions CEO not worried about earlier JKM weakness Banks are prepared…
Chinese DDGS March imports drops 44% on month, 85% on year-ago month: customs data
Chinese imports of dried distillers grains dropped 44% month on month to 1,920 mt in…
Crude oil futures fall as traders pause after Iran sanctions rally
Crude oil futures declined in mid-morning Asia trading Friday as traders paused after this week’s…
Malaysia’s Petronas buys 50% equity in Brazil deepwater assets from Petrobras
Malaysia’s Petronas said Friday it bought a 50% equity stake in deepwater concessions in the…
Feature: Japan refiners boost oil product exports on a delivered basis
Japanese refiners are increasingly exporting their oil products on a delivered basis directly to end-users,…
Russia to introduce duty on fuel oil, VGO to offset dampening mechanism changes
Russia will introduce an excise duty on fuel oil and vacuum gasoil — which are…
China’s Unipec resumes crude imports from US after 6-month absence
Unipec has bought two cargoes of US crude oil for delivery to China this week…
Tighter stocks should support European domestic sugar prices: AB Sugar
Spot sugar prices should be supported in the EU following their recent rally, producer AB…
UK gas storage breaks record for daily MRS injections
Natural gas injections into the UK’s medium-range storage reservoirs hit a record 74.1 million cu…
Ust-Luga Urals crude May loadings affected by quality issues: traders
Issues with Russian crude quality exported along the Druzhba pipeline now include seaborne cargoes of…
Poland sets plan to install new LNG import terminal in 2024-25
Poland is planning to install an LNG floating storage and regasification unit (FSRU) in the…
Norwegian gas grid operator Gassled set for major ownership shift
The owner of Norway’s vast offshore gas network Gassled is set for a significantly different…
Eni confirms 2019 growth target despite lower Q1 volumes
Italian oil major Eni confirmed plans Wednesday to grow its oil and gas production by…
Russian president launches new Baltic LNG shipments, promises further output growth
Russian President Vladimir Putin officially launched shipments from Novatek’s Baltic Cryogas-Vysotsk LNG project Wednesday, and…
Jury convicts Keystone Biofuels in fake biodiesel RINs scheme
A US federal jury in Pennsylvania convicted Keystone Biofuels and its co-owners on conspiracy charges…
Venezuela’s April crude exports rise to 955,000 b/d after blackouts
Venezuela’s state-owned PDVSA is set to export 955,000 b/d of crude in April, up from…
Nord Stream 2 invokes Energy Charter Treaty to challenge EU gas link rules
EU plans to extend its internal energy market rules to Russia’s Nord Stream 2 natural…
US propylene inventories retreat below 6 million barrels
US domestic propylene inventories retreated by 200,000 barrels in the week that ended April 19,…
Shell, Equinor tout ‘significant’ Blacktip deepwater oilfield discovery
Shell and Norway’s Equinor on Wednesday announced what they called a “significant” deepwater discovery they…
Freeport LNG terminal shows signs of gas activity: Platts Analytics
Gas deliveries to the Freeport LNG export terminal in Texas appear to have started, S&P…
Analysis: South Texas summer gas prices face upside risk on rising exports
South Texas gas hubs could be facing upside price risk during the approaching summer months…
Occidental Petroleum counters Chevron with new $57 billion bid for Anadarko
A bidding war between Occidental Petroleum and Chevron to buy rival Anadarko could be the…
Crude oil futures slip on US stock build, steady supply
Crude oil futures were slipped lower during mid-morning trade in Asia Thursday amid a build…
Indonesia’s Pertamina buys first US crude oil cargo
Indonesia’s Pertamina bought its first cargo of US crude oil, highlighting the company’s attempts to…
CFR China soybean price hits 2019 low on ample supply
SOYBEX CFR China price fell to its lowest level this year at $362.57/mt Wednesday down…
Iraq to still depend on Iranian gas, power despite end to oil waivers: ministry
While the Trump Administration announced on Monday would end sanctions waivers for buyers of Iranian…
FERC sticks to schedule with environmental reviews for more LNG projects
The US Federal Energy Regulatory Commission kept on pace with reviews of major LNG projects…
Sinopec’s gas storage start-up set to increase China’s gas, LNG supply optionality
China’s state-owned Sinopec has started sending natural gas imported from its Tianjin LNG terminal to…
China has made representations to US on Iran sanctions issue: foreign ministry
China has made representations to the US about its decision not to extend any waivers…
Interview: OPEC, Russia oil market role ‘diminishing’: IEA’s Birol
The rise of US shale is “diminishing” the influence of OPEC, Russia and their allies,…
PKN Orlen says deterioration in Russian crude quality reaches Poland
Polish refiner PKN Orlen said Tuesday it is has been advised by Poland’s state-owned crude…
Petchem producer Braskem faces cash freeze amid fissure damage probe: company
A Brazilian court has ordered a “precautionary” freeze on up to Real $100 million ($25.45…
OPEC has the spare capacity to offset Iran’s oil supply losses, but does it have the will?
The looming lapse of sanctions waivers for imports of Iranian crude, along with the intensifying…
Global spare oil production capacity at ‘comfortable levels’: IEA
Global oil markets are adequately supplied with “comfortable” levels of spare production capacity, according to…
Crude-by-rail vapor standards bill heads to Washington governor’s desk
A bill that could dramatically impact roughly 150,000 b/d of crude-by-rail traffic to refineries in…
Murphy’s LLOG Exploration buy bulks up Gulf of Mexico deepwater, exploratory presence
Murphy Oil said Tuesday it will acquire a set of producing assets from a joint…
Crude sets six-month high as market digests potential loss of Iranian barrels
Oil futures settled higher for a second session Tuesday, with crude notching fresh six-month highs…
Mexico is unlikely to replace Venezuelan, Iranian heavy crude barrels: analysts
The future of Mexico’s heavy crude exports is uncertain as major consumers like India and…
Crude oil futures fall after IEA says market is ‘adequately supplied’
Crude oil futures slipped in mid-morning trade in Asia Wednesday after the International Energy Agency…
Asia petrochemicals outlook, w/c Apr 22
Most petrochemical products in Asia were under pressure last week, dragged down by bearish demand…
US corn exports may struggle amid plentiful offers from South America
The US corn exports are facing increased competition from Brazil and Argentina, the two South…
Americas petrochemicals outlook, w/c April 22
US OLEFINS Following last week’s rollover of the April propylene contract, olefins market participants set…
End of Iran waivers likely to postpone Venezuela secondary oil sanctions: analysts
The US is still considering secondary sanctions on Venezuelan oil exports, but is likely to…
Center-South Brazil H1 April sugarcane crush expected to fall 26% on year: survey
The amount of sugarcane crushed in the first half of April in Brazil’s key Center-South…
Refinery margin tracker: US poised to be net exporter of gasoline this summer
US refining margins trended higher last week, pulled up by refinery outages and lower gasoline…
US military well-positioned to defend Strait of Hormuz flows following Iran threat: spokesman
Iran on Monday repeated its threat to shut down the Strait of Hormuz, the world’s…
As Iran’s top oil buyer, China holds key to price impact of tighter US sanctions
China’s response to tougher US oil sanctions on Iran will be crucial to the 2019…
Bolivia eyes exporting LNG through Argentina, importing crude from its neighbor
Bolivia is looking at exporting natural gas globally through liquefaction terminals to be built in…
FEIPLAST 2019: Solvay launches new polymers for regional Brazil market
Belgium-based specialty chemical company Solvay said Monday at the Feiplastic 2019 – International Plastics Fair…