Oil rose as Saudi Aramco slashed its sales to key buyers and the IEA said that the market is showing signs of improving.
News ID: 9506 Publish Date : 2020/05/15
Italian LPG demand fell to a multi-year low in April, driven by a collapse in autogas consumption that suggests the effect of the Covid-19 pandemic on the autogas market could be greater than expected.
News ID: 9488 Publish Date : 2020/05/15
China's Yunnan government has allocated this year's first batch of tungsten mining quotas to nine counties, totalling 3,300t.
News ID: 9383 Publish Date : 2020/05/08
China's steel exports in April fell by 2.6pc to 6.31mn t from March, as Chinese mills shifted supply to domestic market s to meet recovering demand.
News ID: 9381 Publish Date : 2020/05/08
Virus-sapped demand and increased domestic competition for market share could push diesel imports into Brazil to the lowest point of 2020, according to preliminary data analyzed by Argus.
News ID: 9365 Publish Date : 2020/05/07
Variable charges for entering gas into the UK national transmission system could rise next winter in the event of a delay to the country's gas charging reform.
News ID: 9345 Publish Date : 2020/05/06
A bleak demand outlook and increased flexibility in term contracts with state-controlled Petrobras are fostering the development of spot gasoline and diesel market s at the Santos and Paranagua ports.
News ID: 9274 Publish Date : 2020/04/30
China's domestic LPG demand has returned close to typical levels for this time of the year, as a sense of normalcy returns after lockdowns ease across the country.
News ID: 9264 Publish Date : 2020/04/29
ACHENBACH BUSCHHÜTTEN, specialist and world market leader for aluminium foil rolling mills and foil slitting machines, was ordered by LOTTE ALUMINIUM, subsidiary of the multinational LOTTE group which is the fifth-largest company in South Korea, to establish a new Greenfield production plant in Hungary. There, thinnest aluminium foils as a sophisticated carrier material for rechargeable batteries are produced highly productive with Achenbach machinery in the near future.
News ID: 9258 Publish Date : 2020/04/28
Vietnam-based Formosa Ha Tinh Steel abandoned its monthly price list for June steel shipments last week after an 18pc drop in spot market s and will instead negotiate on a case by case basis. Market participants see this as a possible first step toward indexation.
News ID: 9252 Publish Date : 2020/04/28
Closures by US integrated steelmakers hammered by Covid-19-related customer shutdowns should help domestic scrap-based minimills grab more market share.
News ID: 9225 Publish Date : 2020/04/24
Brazil is on the threshold of a fresh political crisis on top of an oil market collapse that has already set back the non-Opec country's pre-salt bonanza.
News ID: 9224 Publish Date : 2020/04/24
The seaborne thermal coal market is oversupplied by around 40mn t and a demand-supply imbalance could persist for much of this year as the Covid-19 pandemic dents economic activity.
News ID: 9215 Publish Date : 2020/04/22
Ethylene prices in northeast Asia have broken the $400/t cfr floor as supply outstripped demand in the region.
News ID: 9155 Publish Date : 2020/04/15
The Opec+ agreement to cut crude output is insufficient to balance the market amid continuing declines in demand from the Covid-19 pandemic, Asia-Pacific crude buyers said today.
News ID: 9117 Publish Date : 2020/04/13
Containment measures to halt the spread of Covid-19 in many countries are expected to result in even more surplus LNG supply in the spot market , as weakened domestic gas demand drives importers to seek cargo deferrals.
News ID: 9097 Publish Date : 2020/04/09
Iranian Oil Minister Bijan Namdar Zanganeh said he has held consultations with several foreign officials about plans to restore stability to the global oil market ahead of a meeting between OPEC and its allies.
News ID: 9086 Publish Date : 2020/04/08
US oil producers are likely to lower their output by some 30pc, as crude prices plummet after Saudi Arabia and Russia last month said they would increase production, and governments limits travel to contain the coronavirus, leading to a collapse in demand. Key Bakken operator Continental Resources executive chairman Harold Hamm spoke to Argus on how the Trump administration and US producers are responding to the changing market conditions. Edited highlights follow:
News ID: 9054 Publish Date : 2020/04/07
Bermuda-based shipowner Teekay LNG Partners has secured new long-term charters for two of its LNG carriers.
News ID: 9044 Publish Date : 2020/04/06
The sharp fall in Brazilian gasoline consumption is prompting risk-adverse independent retailers and traders to considerably reduce import operations and rely more on domestic output.
News ID: 9022 Publish Date : 2020/04/02