Angolan April crude cargoes have sold steadily so far with more than half of the program already cleared, but Asian demand is expected to slow down ahead of a heavy refinery maintenance season, trading sources said Thursday. Activity on ...
Tags: Crude Cargoes, Mineral
Japan's LNG imports in January rose 1.2% from December to 8.18 million mt but fell 0.8% year on year, data released Thursday by the Ministry of Finance showed. Australia was the largest supplier with 1.73 million mt of LNG, up 10.4% year ...
Tags: LNG Imports, Chemicals
Nigerian crude values for April are beginning to rise steadily on higher refining margins and healthy demand from Europe, trading sources said Friday. Spot trade in Nigerian cargoes has increased this week, with some high offers and deals ...
Tags: Crude Values, Mineral
Rosneft estimates that crude production from its East Siberian and Russian Far Eastern projects will amount to 55 million mt/year, or 1.1 million b/d, by 2025, a spokesman at Rosneft said Friday. To achieve this, the company plans to ...
Tags: Rosneft, Crude Output
The front-month Brent-WTI spread settled at a fresh five-month low of $6.48/barrel Friday, as steady drawdowns in crude stocks at the Cushing, Oklahoma, delivery hub have lent upside support to WTI, while Brent remains subdued. NYMEX ...
Tags: crude, Brent futures
The drop in net imports of oil (crude and petroleum products combined) was the major contributor to the United States reaching its lowest net trade deficit in November 2013 since 2009, although the trade deficit increased in the final month ...
Tags: lowest net trade deficit, stagnating domestic product demand
On February 27, the China Iron and Steel Association (CISA) announced that in mid-February (Feb. 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.6888 million mt, ...
Tags: Daily Crude Steel, Mineral
China's crude oil imports from Iran in January jumped 82.2% year on year to 2.4 million mt, or an average 566,856 b/d, according to final data released by the General Administration of Customs on Wednesday. The imports were also up 11.2% ...
Tags: Crude Imports, Crude
Iraq aims to boost its oil exports by nearly 26% to 3.4 million b/d in 2014, a senior official said Wednesday. "Exports reached more than 2.7 million b/d this month, and the rate [that] is planned for 2014, including exports from the ...
--Light, sweet crude for April delivery rises 76 cents to $102.59 a barrel --Overall inventories grow less than expected --Continued supply reductions at key U.S. delivery point U.S. oil prices rose Wednesday after weekly U.S. ...
Xinchuang Li, deputy secretary general of the China Iron and Steel Association (CISA), has stated that the issue of overcapacity in China's steel industry has become very serious, while adding that slow economic growth and economic ...
Tags: Steel Industry, Overcapacity
Russkaya Stal (Russian Steel), a non-pro t association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.59 million metric tons of finished steel in January this year, up 0.4 percent compared to ...
Tags: Steel Output, exported, Metallurgy, Mineral&Energy, Russian
In 2013, China's total crude steel output was 779 million mt, up 7.5 percent year on year, according to a report on the overall situation in Chinese industry in 2013 released by China's Ministry of Industry and Information Technology ...
China's crude oil imports from Iran in January jumped 82.2% year on year to 2.4 million mt, or an average 566,856 b/d, according to final data released by the General Administration of Customs on Wednesday. The imports were also up 11.2% ...
Tags: Crude Imports, Mineral
Alacero, the Latin American steel association, has reported that apparent finished steel use in Latin America and the Caribbean totaled 66.5 million mt in 2013, in line with the 2012 level. Finished steel production in the region amounted ...
Tags: Alacero, Latin America, Steel Consumption, steel production