Japan sees no need for SPR release after US decision to end Iran sanctions waiver: METI
Japan does not see any immediate need for it to release its strategic petroleum reserves…
Crude oil futures rise on supply woes after Iran sanction waivers end
Crude oil futures rose in mid-morning trade in Asia Tuesday amid heightened concerns over supply…
Analysis: End of Iran waivers seen bullish long-term for ultra-light crude
Washington’s decision to call an end to sanctions waivers for Iranian oil imports will significantly…
China opposes unilateral US sanctions, says cooperation with Iran must be respected
China is opposed to unilateral sanctions being imposed by the US on Iran, and its…
India to feel pressure from Iran oil waiver decision, but has options
Indian state-run refiners will be aiming to step up crude oil imports from countries such…
Celanese to increase Clear Lake methanol production in Texas
Celanese plans to increase methanol production at its Clear Lake unit in Texas to 1.7…
US ethanol production, stocks fall sharply, again: EIA
US ethanol production averaged 1.016 million b/d in the week ended April, a 14,000 b/d…
Kinder Morgan considering another Permian natural gas pipeline
North American pipeline giant Kinder Morgan is gauging interest in a third natural gas takeaway…
Record 2018 US natural gas demand largely driven by power demand: FERC
US natural gas and power markets experienced higher average prices in 2018, while gas markets…
US corn net export sales rise 76% on week, surpass expected range: USDA
US net export sales of corn for both old crop and new crop for the…
Driftwood LNG project final investment decision may get pushed to later in year
Tellurian may delay a final investment decision for Driftwood LNG to the second half of…
Schlumberger sees need for more spending internationally, but expects lower North America capex
Years of underinvestment in the oil sector from lower oil prices than were seen in…
City of San Francisco wants stay lifted in supply dispute with PG&E utility
The City of San Francisco, in a dispute over what it says have been delayed…
OPEC, Russia alliance has long-term future: Saudi adviser
The pact between OPEC, Russia and its allies is “here to stay,” a longtime adviser…
Pemex to carry out Q3 turnaround at Cangrejera complex: source
Pemex plans to carry out planned maintenance at its Cangrejera petrochemical complex in the third…
US cattle on feed April 1 up 2% on year, 1.4% on month: USDA
The number of US cattle on feed totaled 11.964 million head on April 1, up…
Angola’s Sonangol to focus on African oil industry amid lean approach: CEO
Angolan state oil company Sonangol is aiming to breathe new life into its aging oil…
Argentina’s financial wobbles keep juniors out of Vaca Muerta
Vaca Muerta, the largest shale play in Argentina, needs more junior oil companies to accelerate…
Appalachian producers expected to report modest production gains in Q1
Appalachian-focused oil and gas producers are expected to report only modest gains in gas production…
Venture Global LNG seeks green light for Calcasieu Pass storage tank construction in Louisiana
Venture Global LNG wants US regulators to approve by the end of May the start…
Trump’s call to Libyan National Army leaders signals potential US allegiance shift in North Africa
President Donald Trump spoke this week with the leader of the Libyan National Army, a…
Smaller players step in to build out Permian crude gathering and trunk line infrastructure
Two new projects to enhance local Permian crude gathering and trunk line infrastructure were announced…
Trump Libya shift likely driven by oil, gasoline price fears: analysts
US President Donald Trump’s apparent signal of support for the Libyan National Army over the…
After LNG-project approvals, FERC chairman sees need for still more US LNG
A day after the Federal Energy Regulatory Commission approved two more major US Gulf Coast…
Virginia adopts rule to cut carbon emissions from fossil fuel-fired power plants
The Virginia State Air Pollution Control Board on Friday approved a regulation to reduce and…
Asian paraxylene tumbles to 4-month low below $1,000/mt CFR, margins under pressure
Asian paraxylene on a CFR Taiwan/China basis tumbled below $1,000/mt on Thursday for the first…
Crude oil futures surge on talks US won’t extend Iran sanction waivers
Crude oil futures surged in mid-morning trade in Asia Monday amid talk that the US…
June ICE Brent crude surges over $2/b amid talk US unlikely to extend Iran waivers
ICE June Brent crude oil futures jumped over 3%, or more than $2/b, mid-morning in…
Anaylsis: IMO 2020 net bullish for Asian gasoline, naphtha markets
The International Maritime Organization’s 2020 marine fuel regulation is likely to be net bullish for…
Gazprom agrees to resume gas imports from Turkmenistan
Russia’s Gazprom has agreed to resume imports of gas from Turkmenistan — having suspended purchases…
US natural gas in storage looks to increase by 90 Bcf: survey
US natural gas stocks look to post another bearish build, with more on the horizon,…
TEAL project second phase ready for full in-service, Enbridge tells regulators
Enbridge asked US regulators on Tuesday to place in service the remaining facilities on the…
Solar plus storage will curb growth of gas-fired, combined-cyle generation in Mexico: Enel
Enel Green Power sees industrial power generation interest in Mexico eventually shifting from gas-fired generation…
Analysis:Tokyo Gas’ coal-linked LNG contract signals strong push for price diversification
Japanese utility Tokyo Gas’ LNG contract with Royal Dutch Shell, which was partly linked to…
Asian MTBE shrugs off China’s VAT cut as arbitrage remains shut
The Asian MTBE market has largely shrugged off China’s value-added tax cut as FOB Singapore…
Analysis: Indonesia’s auto fuel imports to face headwinds post elections
Indonesia could see imports for road fuels such as gasoil and gasoline taper in the…
Refinery news roundup: Strikes under way or looming in Europe amid strikes
Strikes remain in the limelight in Europe as refinery maintenance works draw to a close….
Refinery news roundup: April-May works in Russia mostly in Far East
Russian refineries have little April maintenance in central regions, with larger scale maintenance scheduled in…
Crude oil futures rise on Chinese GDP data, US stock draw
Crude oil futures retained their strength during morning trade in London Wednesday on strong Chinese…
Floods in Iran force minor shut-in of production at West Karun oil fields
Heavy crude production in Iran’s flooded West Karun oil fields has dropped by about 10,000…
Next Alberta premier aims to cancel oil-by-rail lease, increase pressure on Canadian govt
The new government in the Canadian province of Alberta will likely take a more aggressive…
South Sudan confident over oil flows despite upheaval in Sudan: official
Land-locked African producer South Sudan does not expect political upheaval in Sudan to impact its…
UK’s Serica to seek new Iran sanctions waiver for Rhum ahead of Oct expiry
UK-based Serica Energy intends to seek the renewal of a waiver from US sanctions to…
South Korea completes about 90% of 2019’s total corn imports
Buying consortiums in South Korea have completed importing about 90% of their requirements for 2019…
Toshiba says China’s ENN to cancel deal to take over its US LNG business
Toshiba said Thursday that a unit of China’s ENN has decided to cancel an agreement…
Possible delay in start of olefins, MEG, polymers production after fire at Malaysia’s PIC
The fire at Malaysian Petronas’ Refinery and Petrochemical Integrated Development, or PRefChem, at the Pengerang…
Shell delays Moerdijk maintenance in the Netherlands as strike continues
Shell has delayed planned maintenance work at its Moerdijk petrochemical plant in the Netherlands as…
Falling US methanol prices close arbitrage from Europe
Falling methanol prices in the US have narrowed the premium over the European market, closing…
April showers cause Brazil ethanol prices to rise to new record
Hydrous ethanol prices in Brazil’s key Center-South region jumped just over 18% over the first…
EMEA: The week ahead in petrochemicals
OLEFINS: The European ethylene market looks set to remain balanced with downstream issues continuing this…
Nord Stream 2 seeks permit for third Danish pipeline route, slams delays
The project company building Russia’s 55 Bcm/year Nord Stream 2 gas link to Germany has…
Indian March refined palm oil imports up 92% on year
India’s refined palm oil imports rose 92% year on year to 312,673 mt in March,…
Hungary’s MOL purchases recycler Aurora Group
Hungarian oil and gas company MOL has agreed a deal to buy Aurora Group, a…
Qatar Petroleum issues EPC tender for LNG expansion project
Qatar’s state-owned Qatar Petroleum Monday invited bids for an engineering, procurement and construction contract on…
UK-listed Energean makes ‘significant’ gas discovery offshore Israel
UK-listed explorer Energean Oil & Gas said Monday it had made a “significant” gas discovery…
EU corn imports from Ukraine up 93.8% on year at 12 mil mt
EU corn imports from Ukraine between the start of the marketing year on July 1…
EU wheat exports down 1.47% on year but catching up: data
EU wheat exports totaled 16.1 million mt between July 1 and Sunday, 1.47% down year…
Americas petrochemical outlook, w/c April 15
US OLEFINS US propylene market participants head into this week looking to confirm a rollover…
US corn inspected for export up 11% on week, down 25% on year: USDA
The amount of US corn inspected for export in the week ended April 11 totaled…
Analysis: NET Mexico maintenance to cut US natural gas exports by up to 1.3 Bcf/d
Maintenance on the NET Mexico Pipeline will cut US natural gas exports points south of…
US midstream sector readies Q1 financial results as investors watch for growth outlooks
The US midstream natural gas sector is preparing to kick off earnings reporting season with…
Asia jet fuel cracks slip to 9-month low, traders expect further weakness
The front month May Singapore jet fuel/kerosene price against Brent — or the crack spread…
Fujairah bunker market little impacted by FOBAS alert on fuel tested with high acid number
The Fujairah bunker fuel market has not been deeply impacted following the release of an…
Taiwan FCFC’s delays restart of phenol/acetone plant: source
Taiwanese producer Formosa Chemicals and Fibre Corp. has delayed the restart of its phenol/acetone plant…
Santos makes big gas discovery in offshore Western Australia’s Carnarvon Basin
Australia’s Santos said Tuesday it made a significant natural gas discovery at the Corvus-2 appraisal…
Romania formally approves Black Sea Oil & Gas’ Midia offshore gas project
The Romanian government has given its formal approval for private equity-backed upstream player Black Sea…
Lukoil’s ACN Saratov plant to conduct four-week maintenance in Sep: source
Lukoil’s Saratov acrylonitrile plant in Russia will undergo maintenance works for four weeks in September,…
Nigeria says debt repayments to foreign partners spurring rise in oil output
Nigeria’s efforts to reduce debt owed to its foreign oil partners is progressing well and…
UK’s Ascent buoyed by Slovenian gas plant approval
UK-listed Ascent Resources has finally received approval to build a gas processing plant in Slovenia…
S Korea, Japan ready to switch to Brazilian ethanol from new crops: sources
South Korean and Japanese trading houses were making a seasonal switch towards cheaper Brazilian Grade…
Russia’s Gazprom Neft seeks price range within OPEC alliance deal
Russia’s Gazprom Neft believes OPEC and non-OPEC countries should maintain the production cut agreement “in…
Analysis: Russian wheat sellers struggle amid high origination, terminal costs
High origination costs and expensive terminal fees are pushing Russian wheat sellers looking to originate…
Interview: Fujairah port expects crude storage to more than double by 2022
The port of Fujairah, the world’s second-largest bunkering hub, expects crude oil storage to more…
AAA says California gasoline pump prices surpass $4/gal
The average price for regular grade gasoline at the pump in California has jumped above…
Alberta’s crude-by-rail capacity at stake in Tuesday’s provincial election
Polls show Alberta opposition leader Jason Kenney in the lead to become the province’s next…
Norsk Hydro asks Brazil court to lift Alunorte embargoes
Norwegian aluminum producer Norsk Hydro is awaiting word from a federal court in Brazil on…
Atlantic shippers see fertile US East Coast gasoline markets
RBOB in New York Harbor ceded support this week and nearly flipped to a discount…
Argentina 2019-20 soybean production to fall 3.6% to 53 million mt: USDA
Soybean production in Argentina is expected to fall 3.6% to 53 million mt in 2019-20…
Hilcorp starts production at new Moose Pad viscous oil project in Alaska
Hilcorp Energy has started production at its new Moose Pad viscous oil project in the…
Crude futures trade higher on bullish US stocks data
Crude oil futures were higher during mid-morning trade in Asia Wednesday on a bullish US…
Permian Tracker: Disparity between Permian oil and gas prices continue to grow
The price gap between Permian Basin oil and gas will continue to widen as steady…
EIA says US ethanol production rises slightly on week, stocks plummet
US ethanol production averaged 1.002 million b/d in the week ended April 5, a 3,000…
Williams sheds Powder River Basin gas gathering assets in sale to partner Crestwood
Williams sold its 50% stake in a natural gas system in Wyoming’s Powder River Basin…
US refinery outages push throughput down, gasoline margins up: IEA
Planned and unplanned US refinery outages pushed down global refinery throughput in March, the International…
Uganda to launch second oil licensing round in May
Uganda plans to launch a second competitive bidding round for exploration licenses in the Albertine…
Sibur’s new DOTP plant removing 2-eh supply length in Europe: sources
The startup of normal operations at Sibur’s new 100,000 mt/year dioctyl terephthalate plant in Russia’s…
US oil, gas rig count drops by eight on week to 1,090: Platts Analytics
The US oil and gas rig count dropped by eight on the week ending Wednesday…
Colonial Pipeline restarts Line 19 to Nashville
Colonial Pipeline restarted its Line 19 Thursday after a four-day shutdown resulting from a product…
Belarus warns of suspending Russian oil transit to Europe over economic dispute
Belarus threatened Thursday to suspend transit of Russian crude to Europe via the Druzhba Pipeline…
Canada’s oil supply future at heart of upcoming Alberta election
Alberta’s oil production cuts and lack of progress on new pipeline capacity may contribute to…
Oil marginally higher amid mixed outlook on fundamentals
Crude oil futures were marginally higher during mid-morning trade in Asia Friday amid mixed outlooks…
Fire, explosion at Malaysia’s Pengerang Integrated Complex contained – Petronas
A fire broke out and an explosion occurred at Malaysia’s Pengerang Integrated Complex early Friday,…
Asian crude market takes Malaysian refinery explosion in stride as June trading ramps up
An overnight explosion at Malaysian Petronas’ Refinery and Petrochemical Integrated Development, or RAPID, at the…
Vopak’s Pengerang Independent Terminals in Malaysia not impacted by refinery fire–statement
Petroleum storage company Royal Vopak’s Pengerang Independent Terminals in Malaysia have not been impacted by…
Vopak’s Pengerang Independent Terminals in Malaysia not impacted by refinery fire–statement
Petroleum storage company Royal Vopak’s Pengerang Independent Terminals in Malaysia have not been impacted by…
European oil, petchems reaction to Shell Pernis refinery production halt
Following the recent fire at Shell’s Pernis refinery, we discuss the impact of this major incident on the region’s oil and petchems markets, and how supply disruption from a key source leads markets down alternate avenues.
North Sea crude complex holds up in face of wider inter-regional spreads
We discuss the changing competition affecting North Sea crude oil, as the Brent/WTI and Brent/Dubai spreads blow out to fresh levels. Can US grades compete for European refinery share?
European gasoline, diesel prices rally on Hurricane Harvey, traders eye Irma impact
What has been the impact of Hurricanes Harvey and Irma on Europe’s refined product and crude oil markets, and how soon will normal business resume?
After the storms: Jet fuel trends and outlook in Europe and the US
As the US recovers from a devastating series of hurricanes, our editors discuss the storms’ impact on the jet fuel markets both there and in Europe.
IMO 2020: Which country will be the toughest enforcer of the sulfur cap?
Our editors discuss a recent case of fuel sulfur content infringements in Denmark, as well as which countries can be expected to enforce the rules most strictly in 2020, given the evidence so far from ECA zone enforcement.