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...
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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...
Japan to consider US, Alaskan LNG supplies as refiners assess ANS crude economics
Japan will consider importing US LNG, including from Alaska, should supplies come online and prove economical compared with alternative sources, a Japanese government source told S&P Global Commodity Insights on Feb. 10, as refiners assess the economics of Alaskan North Slope crude. “At the end of...
India’s aluminium exports to the US likely to drop due to tariffs, industry says
India’s aluminium shipments to the U.S., its top export market for the metal, will likely drop due to tariffs proposed by Washington, prompting producers to look at other markets such as Europe, industry executives and a government source said. U.S. President Donald Trump said on Sunday he would...
The cost of transporting coal to the U.S. electric power sector fell slightly in 2023
We released new data on the U.S. electric power sector’s coal transportation costs. The release incorporates final data for 2023 from Form EIA-923, which we collect from electric power plant owners and operators. The data release based on our Form EIA-923 includes tables with costs, in nominal and...
India says Russian oil suppliers must provide sanctions-compliant cargoes
India, the No. 2 importer of crude from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States, the country’s oil secretary said. Widened sanctions on Moscow by western countries including the United States have roiled...
US coal exports to India expected to rise due to China tariffs
The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s market shares in the Indian market. China’s Finance Ministry last week said it would impose levies of...
https://www.hellenicshippingnews.com/us-coal-exports-to-india-expected-to-rise-due-to-china-tariffs/
Black Sea CPC Blend oil loadings rose 7.7% in January from December, sources, Reuters calculations show
CPC Blend oil loadings from the Caspian Pipeline Consortium (CPC) Black Sea terminal rose to 5.316 million metric tons in January, up from 4.934 million tons in December, two industry sources said. On a daily basis CPC Blend oil loadings from the terminal near Russia’s port of Novorossiisk in...
LNG supply to Europe set for ‘material increase’ in coming weeks: Axpo
Switzerland-based trader Axpo said Feb. 10 it expected a “material” increase in LNG supplies to Europe in the coming weeks, with prices already pointing to Europe attracting additional LNG cargoes. In a market outlook, Axpo said the gas market remained tight, with European storage levels well down...
Russia’s January seaborne oil product exports down 3.3% y/y, Reuters calculations show
Russia’s seaborne oil product exports in January 2025 fell 3.3% on a yearly basis to 10.431 million metric tons, data from industry sources and Reuters calculations showed. Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St. Petersburg and Ust-Luga rose 5.4% last month from...