03 June 2020 WA iron ore shippers gear up for a big June The four biggest Western Australian (WA) iron ore mining firms are gearing up for shipments of over 75mn t in June, capitalising on debottlenecking achieved in 2019 and a strong price environment caused by disruptions to shipments from Brazil. Filter: Metals Asia-Pacific Latin America and Caribbean More filters
03 June 2020 Ice Brent crude futures rise above $40/bl Crude futures rose in early Asian trading amid optimism for further production cuts by the Opec+ alliance ahead of talks that could be brought forward to this week. Filter: Crude oil More filters
03 June 2020 Korea’s Posco readies shift to high-nickel batteries South Korean battery materials maker Posco Chemical is shifting toward cathodes with higher nickel content to meet customer demand for greater energy density and longer driving ranges in electric vehicles (EVs). Filter: Metals Asia-Pacific More filters
02 June 2020 Guyana to offer gas-to-power project Guyana is preparing to launch a tender for a natural gas-to-power project anchored on the ExxonMobil-operated Stabroek block. Filter: Power Natural gas/LNG Latin America and Caribbean More filters
02 June 2020 Venezuela to seek more gasoline from Iran Venezuela is seeking to consolidate bilateral ties with fellow US-sanctioned Iran with an eye toward importing more desperately needed gasoline and additives. Filter: Oil products Latin America and Caribbean More filters
02 June 2020 Oil producing states see surge in 'orphan' wells North Dakota, New Mexico and other oil producing states are seeking federal funds to plug and remediate hundreds of new "orphan" wells owned by companies that have gone out of business since oil prices collapsed earlier this year. Filter: Crude oil Natural gas/LNG North America More filters
02 June 2020 US HRC: Prices inch up on limited demand Domestic US hot-rolled coil (HRC) spot prices rose for a fifth consecutive week as mills continued to claw for higher price minimums they annouced two weeks ago even as demand remained weak. Filter: Metals North America More filters
02 June 2020 Brazil oil sector pushes for upstream contract change Brazil must abandon production-sharing terms for pre-salt acreage in favor of a concession model to sustain offshore investment in the post-pandemic landscape, oil industry executives said in a webinar late yesterday. Filter: Crude oil Latin America and Caribbean More filters
02 June 2020 US targets more oil tankers over Venezuela trade The US Treasury Department today imposed sanctions on four more oil tankers and their owners for transporting Venezuelan crude cargoes in recent months. Filter: Crude oil Latin America and Caribbean Middle East North America More filters
02 June 2020 US Al scrap spreads stabilize in May US buying spreads for most mill-grade aluminum scrap plateaued in May at their narrowest differential to new aluminum in at least a year, stabilizing for the first time since Covid-19 disrupted the global economy. Filter: Metals North America More filters
02 June 2020 Angola renegotiating with its crude buyers The Angolan government is trying to renegotiate some of the deals it has with term buyers of the country's crude, as part of broader steps to tackle macroeconomic pressures. Filter: Crude oil Africa More filters
02 June 2020 Covid-19, gas-switching to push more coal out of EU mix The collapse in power demand driven by Covid-19 lockdown measures weighed heavily on coal burn in western Europe again last month, with a further decline of around 3mn t still possible in June-September. Filter: Coal Europe More filters
02 June 2020 Russia bridge collapse to hamper phosphate rock exports The collapse of a railway bridge used to transport bulk commodities to the Russian port of Murmansk is expected to hamper exports of phosphate rock for at least the next month. Filter: Fertilizer FSU More filters
02 June 2020 UK rejects widened scope for ETS A UK emissions trading system (ETS) will initially apply to the same industries covered by the EU ETS, although the inclusion of additional sectors will be considered in a later review, the country's Department for Business, Energy and Industrial Strategy (Beis) has said. Filter: Emissions Europe More filters
02 June 2020 Russia says exceeded Opec+ quota by 100,000 b/d in May Russia produced 8.59mn b/d of crude in May, 100,000 b/d above its Opec+ output quota, the energy ministry said today. Filter: Crude oil FSU More filters
