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Global Search News Archives
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14 JulCrude edges lower as hot inflation, rising unemployment prompt recession fearsCrude edges lower as hot inflation, rising unemployment prompt recession fears
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14 JulDoubts hover over UN plan to access Ukrainian grain sea exports: marketNo formal agreement had been signed between Russia and Ukraine, the UN said.
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14 JulUS LPG exports to Med, NWE in July up to 383,000 mt: KplerSome 1.305 million mt of US LPG was imported into the two regions in June -- 888,000 mt propane and 416,000 mt butane.
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14 JulREFINERY NEWS ROUNDUP: Higher demand, maintenance plans in Asia-PacificIndia's jet fuel consumption maintained more than two-year highs in June as the aviation sector continues to recover. Gasoil consumption also rose in June after cuts in excise duties spurred demand.
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14 JulOIL FUTURES: Crude tests five-month lows as recession concerns grip marketThe US producer price index climbed 1.1% in June, US Bureau of Labor Statistics data showed July 14, meaning wholesale prices have increased 11.3% from a year ago.
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14 JulREFINERY NEWS: Repsol unions call six days of strikesThe three main unions of Repsol workers, CCOO, UGT and STR, have called for six days of strike action in July and August, according to a joint statement issued July 13.
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14 JulShell CEO warns of possible energy rationing this winter in EuropeRussian gas supply curtailments have left much of Europe short of gas at a time when storage is usually refilled ahead of winter, fueling concerns of shortages in the coming winter.
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14 JulBELGIAN DATA: Port of Antwerp liquids throughput up 16.5% in H1 amid diesel, HSFO bounceThroughput of diesel and fuel oil, key Russian exports to Europe, had been steadily declining since 2019 but in H1 2022 they grew 10.4% on the year, the port authority said in a statement.
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14 JulREFINERY NEWS: Some Russian plants restarting July-August from worksRussia's Astrakhan refinery, which predominantly processes gas condensate and produces only light products, has delayed its restart from maintenance, but is due to restart in early August, according to market sources.
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14 JulStorage hubs, ship transfers create tracking difficulties for Russian-origin barrels: analystsRussian Urals is trading at a significant discount to international benchmark Dated Brent and this adds to the attraction of Russian material.
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14 JulPakistan State Oil buys HSFO for H1 August deliveryPakistan State Oil last bought one 65,000-mt HSFO cargo with the similar specifications for the second half of July delivery from Coral Energy at a premium of $85/mt to the MOPAG 180 CST assessments.
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14 JulVIETNAM DATA: June oil product imports rise 17% on year to 617,834 mtSouth Korea and Thailand were the two major suppliers of oil products in the month.