Links to previous press releases are below.
US Crude Output Revised Down by 100K b/d
US crude production has been revised down slightly for this year to 13.2M b/d in the Energy Information Administration’s February Short-Term Energy Outlook. This would put y-o-y growth at 960K b/d compared...
Read MoreBrent Contango Widest Since 2018
There has been a rise in interest in short-term floating oil storage as the contango in the Brent oil futures market that emerged last week has widened as the surplus of crude is expected to grow and...
Read MoreIndian Iron Ore Exports Climb in 2019
Indian iron ore exports rose to 31.3 Mt last year up from 18.2 Mt in 2018, according to provisional data from the commerce ministry. This reversed an annual decline of 10.7 Mt posted in 2018.
October-December...
Read MoreIndonesian Coal, Nickel Ore and Bauxite Exports Rise in 2019
Indonesian coal exports gained by 30.6 Mt year-on-year to 459.1 Mt in 2019, data from Bank Indonesia show. Coal exports have posted annual rises each year in 2016-19, but last year’s growth eased from...
Read MorePetroChina To Cut Refinery Throughputs
PetroChina is planning to cut crude runs by 320K b/d, or 10%, in February as the coronavirus outbreak curbs fuel demand, reports Reuters. Combined with Sinopec and CNOOC, this puts run cuts by state-refiners...
Read MoreUS Soyabean Exports Gain in December
Queensland Coal Exports Ease in January
Queensland coal exports from the four main ports of Gladstone, Dalrymple Bay, Hay Point and Abbot Point declined by 0.5 Mt year-on-year to 18.4 Mt in January, according to port authority data. Loadings...
Read MoreShell to Undergo Maintenance
Shell said it is planning to conduct major maintenance at its 404K b/d Pernis oil refinery in the Netherlands starting May 4, Reuters reports. The work will last through May and June. It will not need to do the same scale of maintenance for another 3 to 6 years at the refinery.