Links to previous press releases are below.
PDVSA Cardon Refinery Halts Operations
PDVSA’s 310K b/d Cardon oil refinery has halted operations due to damage at some units, two workers at the plant told Reuters. The outage comes amid acute fuel shortages across Venezuela, as PDVSA’s...
Read MoreChinese Crude Steel Output Reaches Record High in April
Chinese crude steel output rose 12.7% year-on-year in April to a record high of 85.0 Mt, according to the National Bureau of Statistics. At 315.0 Mt, production in January-April was 10.1% higher than the same period in 2018.
IEA May Oil Market Report Highlights
In its May Oil Market Report, the International Energy Agency (IEA) has revised its 2018 global oil demand growth estimate down by 70K b/d to 1.2M b/d, mainly due to declines in non-OECD countries,...
Read MoreEurozone Industrial Production Falls in March
Industrial production in the Eurozone fell by 0.6% annually in March, the largest year-on-year percentage drop in the year to date, according to Eurostat estimates. Meanwhile, industrial production increased by 0.4% in the EU28.
Vietnamese Coal Imports Rise in April
Vietnamese coal imports jumped 1.7 Mt year-on-year in April to 3.9 Mt, according to the country’s Ministry of Finance. IHS reports that shipments from Australia were up 1.2 Mt annually to 1.6 Mt, whilst Indonesian volumes were flat on the year at 1.3 Mt.
India April CPP Demand
India’s total CPP demand (diesel, gasoline, naphtha, kerosene) dropped 37K b/d m-o-m to 3.03M b/d in April, but was still 43K b/d higher y-o-y, Petroleum Planning and Analysis data show. The monthly...
Read MoreJXTG Holdings to Replace Iranian Oil with Saudi, Others
Japan’s JXTG Holdings has halted all purchases of Iranian oil following the expiry of US sanction waivers in early May and has secured alternative supplies from other countries such as Saudi Arabia,...
Read MoreIndonesian Coal Exports Reach Record High in March
Exports of Indonesian coal jumped 4.0 Mt year-on-year in March to an all-time high of 42.1 Mt, Bank Indonesia data show. Coal shipments in the 1q19 rose 11.5 Mt on an annual basis to 116.3 Mt.
Meanwhile,...
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