US natgas prices climb 3% on small storage build, hot weather forecasts

U.S. natural gas futures climbed about 3% on Thursday after dropping to a 10-week low in the prior session on a much smaller-than-expected storage build last week. Prices were also boosted by forecasts for hot weather to return in late July and early August, which should increase the amount of gas...

https://www.hellenicshippingnews.com/us-natgas-prices-climb-3-on-small-storage-build-hot-weather-forecasts/

US natgas prices ease to 10-week low on less hot weather, lower LNG feedgas

U.S. natural gas futures eased about 1% to a 10-week low on Wednesday on forecasts for less hot weather over the next two weeks than previously expected and a drop in feedgas to liquefied natural gas (LNG) export plants due primarily to the shutdown of Freeport LNG in Texas for Hurricane Beryl....

https://www.hellenicshippingnews.com/us-natgas-prices-ease-to-10-week-low-on-less-hot-weather-lower-lng-feedgas/

Greece to impose windfall levy on power producers in August, September

Greece will impose a one-off windfall tax on its power producers over the next two months and use the proceeds to help subsidise power bills for households already strained by a cost-of-living crisis, Prime Minister Kyriakos Mitsotakis said late on Tuesday. Wholesale electricity prices have surged...

https://www.hellenicshippingnews.com/greece-to-impose-windfall-levy-on-power-producers-in-august-september/

Asia Naphtha/Gasoline-Naphtha crack rises, backwardation narrows to $3/t

Asia’s naphtha markets gained some ground on Monday after plunging about 13% last week, as crude oil benchmarks trended down on bearish Chinese data. The refining profit margin for naphtha rose by $4.50 to $63.15 per metric ton over Brent crude. The backwardation between second-half August and...

https://www.hellenicshippingnews.com/asia-naphtha-gasoline-naphtha-crack-rises-backwardation-narrows-to-3-t/

Asia Distillates-August outlooks remain mixed amid upbeat open window activity

Asia’s middle distillates trading activity was upbeat even at the end of the week, with a flurry of deals as traders mulled August outlooks, and the front-months paper market structure kept in a steady contango. Northeast Asia-based key refiners all resurfaced to start their August sales, with more...

https://www.hellenicshippingnews.com/asia-distillates-august-outlooks-remain-mixed-amid-upbeat-open-window-activity/

BP to invest $48.54 million in China biofuels producer as market anticipates SAF mandates soon

BP will invest Yuan 353 million ($48.54 million) to acquire a 15% stake in Lianyungang Jiaao New Energy, a renewable diesel and sustainable aviation fuel producer owned by Zhejiang-based Jiaao Enprotech, according to a company report published July 9. Jiaao Enprotech has 100,000 mt/year of SAF...

https://www.hellenicshippingnews.com/bp-to-invest-48-54-million-in-china-biofuels-producer-as-market-anticipates-saf-mandates-soon/

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