India’s oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show. India shipped in 218,400 barrels per day of oil from the U.S. compared to 70,600 bpd in December, the data...
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Saudi Arabian crude exports fall 1% in December
Saudi Arabia’s monthly crude oil exports fell 1% in December, data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Crude exports from the world’s largest exporter in December fell 1% to 6.146 million barrels per day (bpd) from 6.206 million bpd in November. Saudi production...
https://www.hellenicshippingnews.com/saudi-arabian-crude-exports-fall-1-in-december/
CHINA DATA: Independent refiners’ Russian crude imports stable in Jan despite sanctions, blacklists
Deliveries of Russian crude to China’s independent refineries remained steady month over month in January, despite the US expanding its sanctions list and the Shandong Port Group banning sanctioned ships, data from Platts, part of S&P Global Commodity Insights, showed Feb. 17. However, the volume...
Ukrainian traders assess future grain trade flows amid prospects of war’s end
Following US President Trump’s meeting with Russian President Putin, Ukrainian traders looked ahead to the potential impact of a peace deal on grain prices and exports from Ukrainian ports. Among other things, traders anticipated lower insurance and freight rates and the potential reopening of...
India gas demand to surge by 2030, doubling LNG imports, says IEA
India’s natural gas consumption is set to jump 60% between 2023 and 2030, doubling the country’s need for liquefied natural gas imports, as domestic output is expected to grow much more slowly than demand, the International Energy Agency said. Rapid urbanisation and industrialisation are set to...
Tight Saudi, Iraqi crude supply may leave India scrambling as Russia sanctions hit
Middle Eastern oil producers, including Iraq and Saudi Arabia, may be unable to help meet Indian crude demand in coming months should US sanctions on Russia impact the subcontinent’s primary supply. Gurmeet Singh, the director general of the Federation of Indian Petroleum Industry, said the country...
China’s January, February iron ore imports to slide as cyclones hit Australian supply
Iron ore imports to top consumer China for the first two months of 2025 are set to slide as weeks of tropical cyclones and bad weather in major producer Australia hit shipments, according to analysts. Imports of the key steelmaking ingredient in January and February are forecast to be at least 10%...
US tariffs could take Mexican agricultural products off the market: USMCA former negotiator
Consumers and importing and exporting companies in the US, Mexico, and Canada would be quickly affected should the tariff threats that loom over the region include agricultural products, sources say. “If (the US) implements a 10-15% tariff on Mexican agricultural products, it could quickly take...
Trump approves LNG exports, creates energy council to boost US oil, gas
U.S. President Donald Trump’s administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year. The exports are approved to go to markets...
US ferrous scrap imports drop 16% on year in 2024, exports down 7.2%
US ferrous scrap imports in 2024 dropped 16% from the previous year to the lowest level since 2019 amid a decline in shipments from Canada, according to S&P Global Market Intelligence’s Global Trade Atlas Feb. 13. The US imported 2.94 million mt of ferrous scrap in 2024, down from 3.51 million mt...