18 October 2019 US offshore Gulf producers prepare for storm Some offshore US Gulf of Mexico operators are evacuating non-essential staff from their platforms as tropical storm Nestor is expected to strengthen. Filter: Crude oil Natural gas North America More filters
18 October 2019 Maya formula switches amid changing landscape The long-awaited change to Mexican state-owned Pemex's Maya crude pricing formula finally came this week, as shifting environmental regulations and declining liquidity in select markets threatened to make the decades-old calculation obsolete . Filter: Crude oil Global Latin America and Caribbean More filters
18 October 2019 Scrubber fitting times up 33pc in 3Q: Clarksons Ships fitted with exhaust gas cleaning systems in September spent an average of 44 days out of service, a 33pc increase from 33 days for installation of such scrubber systems in June, according to shipping firm Clarksons. Filter: Oil products Global More filters
18 October 2019 Venezuela opposition press for Citgo-backed debt break Venezuela's main political opposition is pushing for a deal with foreign bondholders to suspend a looming $914mn obligation linked to state-owned oil firm PdV's coveted US refining assets. Filter: Crude oil Oil products Latin America and Caribbean North America More filters
18 October 2019 First South African 0.5pc fuel available next month BP and Shell created this month a first batch of 0.5pc sulphur marine fuel oil at their 180,000 b/d joint venture Sapref refinery in Durban, South Africa, and they will start supplying it in the nearby port from November. Filter: Oil products Africa More filters
18 October 2019 US steel tariff hike irrelevant to Turkish scrap price The continued rise in the Turkish ferrous scrap import price this week following the US increase of tariffs on steel imports from Turkey has highlighted the extent to which the US has become a marginal export market for Turkish rebar producers. Filter: Metals Middle East North America More filters
18 October 2019 Tata closing Degels service centre Private-sector Tata Steel Europe is closing its Degels service centre in Neuss, Germany. Filter: Metals Europe More filters
18 October 2019 EU iron ore imports at 10-year low in August EU iron ore imports fell to their lowest monthly level since mid-2009 in August as weak steel market conditions pressured operations. Filter: Metals Europe More filters
18 October 2019 EU HRC: Weak demand hits northern pricing Northwest European hot-rolled coil (HRC) prices slumped today as buyers continued to withhold purchases given huge uncertainty over future price direction and demand levels. Filter: Metals Europe More filters
18 October 2019 Tungsten 2019 demand to fall, may improve in 2020 Low global demand for tungsten is likely to persist, with consumption falling by 19-20pc on the year as a result of consumer destocking, a global economic slowdown and geopolitical turmoil. Filter: Metals Global More filters
18 October 2019 Election-bound Bolivia faces waning gas flows Declining natural gas production will pose an economic challenge for landlocked Bolivia during the next presidential term that longtime incumbent Evo Morales is hoping to capture in 20 October general elections. Filter: Natural gas Latin America and Caribbean More filters
18 October 2019 Stimulus in focus as China’s GDP growth falls to 6pc Steel market participants are far from optimistic that China will significantly boost its economic stimulus after the country's GDP growth rate fell to 6pc during July-September, still within Beijing's target of 6-6.5pc growth for this year. Filter: Metals Asia-Pacific More filters
18 October 2019 Argus LSFO contract starts trading on Apex The Asia-Pacific Exchange (Apex) Argus Bunker Index (ABI) futures contract attracted 120 trades on its first day of activity in Singapore today. Filter: Oil products Asia-Pacific More filters
18 October 2019 Rival board of PdV joint venture unit starts work Venezuela's self-declared interim government has expanded its nominal administrative authority over the national oil industry with the naming of a parallel board of directors in exile that will hold its first meeting today. Filter: Crude oil Oil products Latin America and Caribbean More filters
18 October 2019 Банковские аналитики ожидают удешевления нефти Крупные инвестиционные банки и консалтинговая компания JBC Energy, штаб-квартира которой находится в Вене (Австрия), обошли вниманием нападение на объекты саудовской Saudi Aramco и в очередной раз понизили прогнозную цену на нефть. Filter: Crude oil Global More filters
