Supplies of liquefied natural gas (LNG) from the United States to Europe will continue to grow, U.S. Energy Secretary Chris Wright told Reuters on Monday during a visit to the Polish capital Warsaw. “The U.S. supply will continue to grow in a meaningful way. There’s a lot of dialogue about...
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Japan mulls buying more US corn as part of tariff talks, Nikkei reports
Japan is considering increasing its corn imports from the United States as part of trade negotiations over President Donald Trump’s sweeping tariffs, the Nikkei reported on Friday. The U.S. exported $2.8 billion worth of corn to Japan in 2024, to counter an 80% drop in exports to China. Hiroshi...
China’s bonded bunker fuel imports grow in March – JLC
China imported a total of 665,800 mt of bonded bunker fuel last month, marking a significant surge of 73.7% from the same period last year, JLC reported citing data from China’s General Administration of Customs (GACC). The increase was driven by tight VLSFO supply in the domestic market and lower...
https://www.hellenicshippingnews.com/chinas-bonded-bunker-fuel-imports-grow-in-march-jlc/
India’s Prime Minister calls on steel industry to seek alternatives to imported coking coal
Indian Prime Minister Narendra Modi urged the domestic steel industry to find alternatives for the key steel making raw material coking coal and reduce its import dependency in a virtual address during India Steel 2025 conference on April 24. Modi said raw material security was a major concern for...
Australian coal exports face numerous downside risks, new projections show
Global demand for metallurgical (met) coal is expected to fall as low emissions steel production gains pace, according to the latest Resources and Energy Quarterly (REQ) forecast from the Department of Industry, Science and Resources (DISR). However, DISR remains bullish on Australian met coal...
EU to present roadmap in May to phase out all imports of Russian fossil fuels
The European Commission will in the next two weeks present a roadmap on how it intends to phase out all imports of Russian fossil fuels, its President Ursula von der Leyen said at an energy event in London. The European Commission has pledged to quit Russian fossil fuels by 2027 in response to...
India expects steel imports to slow from China, S.Korea and Japan, government source says
India is expecting steel imports from China, South Korea and Japan to slow after imposition of temporary tariffs this week, a government source directly aware of the situation told Reuters. On Monday, India, the world’s second-biggest producer of crude steel, imposed a 12% temporary tariff, or...
Palm Oil demand from China and India expected to rise as prices become competitive, says MPOC
Palm oil demand from top global buyers China and India is expected to increase as the vegetable oil is now reasonably priced compared to its rivals, the Malaysian Palm Oil Council (MPOC) said on Tuesday. Palm oil is now considered “reasonably priced” at 3,900 ringgit ($889) per metric ton, the MPOC...
India’s safeguard steel tariff will help check imports, JSW Steel CEO says
India’s move to levy a 12% temporary tariff on some steel imports will help lower imports to an extent, JSW Steel’s JSWSTEEL chief executive, Jayant Acharya, told Reuters on Thursday. Earlier this week, India, the second-biggest crude steel producer, imposed a temporary tariff, or provisional...
India starts raising palm oil buying as prices fall below soyoil
India has started raising palm oil purchases after a lull of five months as a correction in prices has made the tropical oil cheaper than rival soyoil, encouraging refiners to place orders to replenish inventories, four dealers told Reuters. Higher purchases by India, the world’s biggest buyer of...