Qatar remains the top liquefied natural gas exporter in the Gas Exporting Countries Forum and figures among the top three LNG exporters globally in July, latest report by GECF has shown. According to the Doha-headquartered GECF, the US, Qatar and Australia were the top three LNG exporters globally last month. …
Read More »China’s Gasoline Exports Fall 35.7% in July as Profit Margins Weaken
China’s gasoline exports fell 35.7% in July from a year earlier, customs data showed on Sunday, as refiners lowered crude runs and held back from shipments due to weakening profit margins. Gasoline exports stood at 790,000 metric tons last month, or 5.77 million barrels per day, data from the General …
Read More »A New Era for Nuclear Power in the U.S.
The U.S. Palisades Power Plant could become the first nuclear plant to reopen in the U.S. after shutting down, potentially signaling a new era for U.S. nuclear power. As the U.S. government supports a new wave of nuclear reactor development, in support of a green transition, the reopening of existing …
Read More »Russia Informs IAEA about Ukraine’s Alleged Plans to Target Zaporizhzhia, Kursk Nuclear Power Plants
The Russian Atomic Corporation (Rosatom) informed the UN’s nuclear watchdog on Saturday about Ukraine’s alleged plans to carry out a provocation, involving two nuclear power plants and subsequently accuse Moscow of doing it. Head of Rosatom Alexey Likhachev called the International Atomic Energy Agency (IAEA) chief Rafael Grossi to inform …
Read More »China and Saudi Arabia Emerge as Largest Buyers of Russia’s Fuel Oil
As many Russian refineries completed planned maintenance, Russia raised its seaborne exports of fuel oil in July, sending a large part of the volumes to China and Saudi Arabia, which were joint top buyers of the Russian oil product, Reuters reported on Friday, citing data from LSEG. Total Russian shipments …
Read More »EU Tariffs Force China to Seek New Biodiesel Markets
China is looking to win over new markets for its biodiesel and other biofuel products as its largest buyer so far, the EU, imposed on Friday anti-dumping duties on Chinese imports, analysts and executives told Reuters. The European Commission opened in December 2023 an investigation into biodiesel products originating from …
Read More »Red Sea Ship Detours Boost Fuel Consumption by 500,000 Bpd
Tankers and container ships that have been avoiding the Red Sea route are set to burn additional 500,000 barrels per day (bpd) of fuel oil this year due to the longer alternative route via the Cape of Good Hope in Africa, commodity trading giant Trafigura has estimated. Since the end …
Read More »India’s Thirst for Crude Drives Record Russian Oil Imports
The world’s third-largest oil importer, India, remained Russia’s number-two crude buyer in July, importing $2.8 billion worth of Russian crude, according to the latest monthly data of Russian fossil fuel exports by the Centre for Research on Energy and Clean Air (CREA). Last month, India was the second-largest buyer of …
Read More »Oil Prices Tick down after Surprise Rise in US Crude Stockpiles
Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in one of the world’s major regions for crude production eased slightly. Brent crude futures slipped 41 cents, or 0.5%, to $80.28 a barrel by 10:36 …
Read More »Russia Extends Gasoline Export Ban until the End of 2024
Russia is extending its ban on gasoline exports from October to the end of December 2024, as it seeks to keep domestic supply stable amid seasonal demand and scheduled repairs at refineries, the Russian government said on Wednesday. In the autumn of 2023, Russia banned exports of diesel and gasoline …
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