Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed to offset lower purchases elsewhere in the world’s top-importing region. April imports were 26.89 million barrels per day (bpd), down from 27.33 million bpd in March and roughly in line with February’s 26.68 million bpd, according to data compiled by LSEG Oil Research. For the first four months of the year Asia’s crude imports were about 27.03 million bpd, only 300,000 bpd higher than for the same period in 2023, the LSEG data ...

Greece has imported no LNG in April for the first time in five years, as gas prices in the region have made LNG uneconomical. The country has imported anywhere between 34,000 mt and 336,000 mt of LNG per month in the past five years, according to S&P Global Commodity Insights data. Greece imported 67,000 mt in April 2021 to 103,000 mt in Aril 2022 and 157,000 mt in April 2023. Cargo Cancellations Players in the region had planned at one stage on importing somewhere around three cargoes in the month, ...

PetroVietnam Gas GAS.HM has issued a tender seeking a cargo of liquefied natural gas (LNG) to be delivered in the last week of May, three industry sources said. It is seeking the cargo on a delivered-ex-ship basis to be delivered to the Thi Vai LNG Terminal between May 25 and 31. The tender closes on May 2. The tender comes amid a heatwave in Southeast Asia that has boosted electricity demand. Maximum temperatures in several parts of northern and central Vietnam ranged from 40.2 to 44.0 degrees Celsius (104-111°F), said ...

India’s palm oil imports jumped by 41% in April from the previous month to reach the highest level in three months, as easing prices prompted refiners to increase purchases, five dealers told Reuters. Higher palm oil purchases by India, the world’s biggest importer of vegetable oils, could support the benchmark Malaysian palm oil futures FCPOc3 that are trading near their lowest level in three months. Palm oil imports in April jumped to 682,000 metric tons, according to estimates from dealers. Palm oil has become more attractive to buyers due to ...

Ukraine’s grains exports will likely decrease in marketing year 2024-25 (July-June) because of lower supply as a result of reduced production volumes, with the Ukrainian Grain Association estimating the country’s total grain exports to reach 35.5 million mt in MY 2024-25on March 12. The USDA’s Foreign Agricultural Service’s Kyiv (Ukraine) attaché also estimated on April 15 lower wheat and corn exports in MY 2024-25 amid a lower output forecast. According to Ukraine’s agricultural ministry’s preliminary estimates April 17, grain production in 2024 will be at 52.4 million mt, down from ...

Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said. The C$34 billion ($24.82 billion) project to nearly triple the flow of crude from Alberta to Canada’s Pacific Coast to 890,000 barrels per dayis scheduled to start operating on May 1 after years of regulatory delays and construction setbacks. The extra 590,000 bpd of oil will be delivered ...

Russian energy giant Gazprom’s GAZP.MM average daily natural gas supplies to Europe declined in April by 6% from March but rose 10.3% year on year, Reuters calculations showed on Thursday. The calculations, based on data from the European gas transmission group Entsog and Gazprom’s daily reports on gas transit via Ukraine, showed that average daily pipeline exports decreased to 83.4 million cubic metres (mcm) last month from 88.7 mcm in March, but they were up from the 75.6 mcm in April 2023. Gazprom’s natural gas exports to Europe this year ...

Bangladesh’s state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender seeking three liquefied natural gas (LNG) cargoes for delivery in June, according to two industry sources on Thursday. The company is seeking the cargoes on a delivered-ex-ship basis to be delivered between June 7-9, 9-11 and 19-21. The tender will close on May 2. Source: Reuters (Reporting by Emily Chow; Editing by Jamie Freed)

Ukraine’s grain exports rose to 6.3 million metric tons in April from 5.5 million in March, agriculture ministry data showed on Wednesday. That included 4.1 million tons of corn, 1.9 million tons of wheat and 231,000 tons of barley, the data showed. Ukraine’s grain exports for the 2023/24 July-June marketing season stood at 41.4 million tons as of May 1 versus 41.6 million a year earlier. Exports have included 15.8 million tons of wheat, 22.9 million tons of corn and 2.2 million tons of barley. An industry source had said ...

India is unlikely to impose tariffs on exports of low-grade iron ore for now despite rising overseas sales to China, a source with direct knowledge of the matter said, turning down requests from small steel producers. China typically accounts for more than 90% of overall shipments of iron ore from India which is the world’s fourth-largest producer of the steel-making ingredient. The Ministry of Steel was considering an export tax on iron ore after India’s small and secondary steel producers earlier this year petitioned the government to curb rising exports. ...

LPG and LNG outflows from the US have hit record highs in 2024 so far as natural gas production continues to soar, while arbitrage opportunities also support export demand, sources said. US natural gas production has continued to ramp up, with traders still expecting the US to remain the strongest ‘swing supplier’ in the near term for the global LNG market. Although the US gas rig count has fallen, production has stayed healthy. Despite rig count being lower, sources suggest that ample production is being supported by strong gas output ...

U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday. Recurring mechanical problems have hit Freeport LNG, the second largest U.S. plant by capacity. Last month, the Quintana, Texas, terminal exported five cargoes for a total of 330,000 tons, compared to 21 cargoes and 1.42 million tons in December. Since mid-January, the plant has been operating without at least one of its three ...

Russian oil product exports from the Black Sea port of Tuapse are set to rise sharply in May to 1.532 million metric tons from the 0.727 million tons scheduled for April, two traders said. Export loadings will rise in May with traders expecting the resumption of oil products shipments from Rosneft’s ROSN.MM Tuapse refinery, market sources added. The port tranships oil products from the Tuapse refinery, as well as fuel from other Rosneft refineries delivered to the port by rail. Oil processing and output were halted at the Tuapse refinery ...

The highest price offered in the tender from Turkey’s state grain board TMO to sell and export 100,000 metric tons of durum wheat on Tuesday was assessed at $371.71 a ton FOB, traders said. The offer was said to have been submitted by trading house Viterra. No decision has yet been made and offers are still being considered, the traders said. Loading of the durum is between May 20 and June 12 in the Turkish ports of Mersin and Iskenderun. Consignments of about 25,000 tons should be loaded in each ...

Iraq exported about 106.11 million barrels of crude oil in March, the country’s Oil Ministry announced. About 104.68 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, 967,492 barrels from the Qayyara oilfield in the northern province of Nineveh, the ministry said in a statement citing preliminary statistics from the State Organization for Marketing of Oil, an Iraqi company. A total of 464,453 barrels were sent to neighboring Jordan, said the ministry. In February, Iraq exported about 99.59 million barrels of crude ...