India’s top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum (mtpa) of liquefied natural gas with prices near the spot markets, its chief executive Prabhat Singh said. India wants to raise the share of natural gas in its energy mix from to 15% by...
Iraq’s trade ministry has bought more than 4 million tonnes of local wheat in the season which started on April 20, it said on Tuesday. The agriculture ministry has said it expects local production to reach 6 million tonnes in the April-May harvest. A major Middle East grain importer, Iraq said in...
Russia’s Surgutneftegaz sold to Shell 100,000 tonnes of Urals crude oil at a record premium in a spot tender for July 23-24 loading from Primorsk, traders said. The cargo was awarded at a premium of $2.40 a barrel to dated Brent when adding freight to the original free on board (FOB) differential....
ESPO Blend crude oil ESPO-DUB loadings from Russia’s Pacific port of Kozmino are set at 2.6 million tonnes for August, down slightly from 2.64 million tonnes planned for loading in July, a schedule seen by Reuters showed on Monday. Russia’s ESPO Blend crude oil loadings are down from the recent...
China’s LPG imports from the United States soared to 733,385 mt in May, comprising 629,822 mt of propane and 103,563 mt of butane, up from zero a year earlier, data from China’s General Administration of Customs showed. This is a record high monthly volume from the US, and made it the largest LPG...
State-run Abu Dhabi National Oil Company (ADNOC) will cut its crude oil nominations to its customers for August, a source familiar with the matter told Reuters on Sunday, in line with OPEC+ pact to reduce oil supplies. Nominations for all crude grades – Murban, Upper Zakum, Das and Umm Lulu – will...
https://www.hellenicshippingnews.com/uaes-adnoc-to-cut-august-crude-nominations-by-5-source/
Australia’s mining and energy export earnings are expected to hit a record high this financial year then drop 10% in the year to June 2021 as commodity prices tumble due to coronavirus pandemic lockdowns, the government said on Monday. Resources export earnings are forecast to reach a record A$293...
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India is on its way to make its biggest savings in the oil import bill this year with Covid-19 related disruptions and sluggish demand conditions squeezing down the country”s crude payments to a fourth of previous years” level in the first two months of current fiscal. In the period of April-May...
https://www.hellenicshippingnews.com/indias-oil-imports-see-biggest-drop-in-over-a-decade-in-may/
Deputy Iranian Industry, Mining, and Trade Minister Darioush Esmaieli says over 90 million tons of iron ore was produced in the country during the previous Iranian calendar year of which only seven percent was exported. The reduction in the exports of iron ore comes as the Leader of the Islamic...
