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05 enero 2022

Rising LPG prices prompt crisis in Kazakhstan: Update

Kazakhstan's government has resigned and a state of emergency has been declared in parts of the country following violent protests over rises in LPG prices. President Kassym-Jomart Tokayev announced the resignation of the government today during a meeting about the "socio-economic situation" in the

05 enero 2022

Казахстан ввел регулирование цен на ГСМ на 180 дней

Президент Казахстана Касым-Жомарт Токаев поручил ввести временное государственное регулирование цен на сжиженный углеводородный газ (СУГ), бензин и дизтопливо сроком на 180 дней. Кроме того, правительство страны ушло в отставку 5 января из-за массовых беспорядков, начавшихся 1 января из-за двукратн

05 enero 2022

Argus Eurobob gasoline volumes dipped in December

Argus Eurobob gasoline combined traded volumes slipped in December as Covid-19 travel restrictions returned in several European countries. For the year as a whole combined volumes were little changed, but non-oxy continued to take market share from the benchmark oxy grade. Volumes rose to 247,500t

05 enero 2022

India's December steel output, consumption down on year

India's finished steel production and consumption dropped on the year in December, but rose on the month, pointing to an improving steel demand scenario in the country. Finished steel production declined by 5.3pc on the year to 9.39mn t in December, while consumption dropped by 15pc from the previo

05 enero 2022

India’s JSPL posts lower October-December steel sales

Indian private-sector producer Jindal Steel and Power's (JSPL) October-December steel sales fell on the year because of limited rake availability and heavy rains in some states, although production rose over the same period. Its October-December sales fell by 3.2pc on the year to 1.82mn t, while pr

05 enero 2022

India’s Vedanta iron ore output, sales drop in Oct-Dec

Indian resources firm Vedanta's October-December 2021 iron ore production and sales dropped on the year as heavy rainfall dented the producer's operations. Total iron ore output fell by 10.1pc on the year to 1.6mn dry metric tonne (dmt) during the third quarter of the financial year ending March 20

05 enero 2022

Viewpoint: Chip shortage to pressure PGM market in 2022

Weak automotive demand, fuelled by the shortage in semiconductors, is likely to keep the pressure on platinum group metal (PGM) prices through 2022, as worries over uptake in catalytic converters continues to mount. PGM prices in the second half of 2021 fell quickly before flatlining in November an

05 enero 2022

Viewpoint: Cu, Ni may come under pressure in 2022

Global copper and nickel prices may come under pressure in 2022 amid quantitative tightening policies, rising production and the continued risk of further Covid-19 lockdowns. The US implemented a major quantitative easing policy over 2020-21 to combat the economic slowdown caused by the Covid-19 pa

05 enero 2022

Malaysia to roll out 20pc biofuels mandate in 2022

Malaysia will increase its on-road biodiesel blending mandate to 20pc (B20) in Sabah and peninsular Malaysia by the end of this year, delegates were told today at the annual Malaysian Palm Oil Council industry seminar. Kuala Lumpur has already pushed back a nationwide rollout several times because

05 enero 2022

Fujairah bunkers discount versus Singapore narrows

The discount of delivered very-low sulphur fuel oil (VLSFO) in Fujairah relative to Singapore is narrowing again, after widening to an average of $20/t last week. Singapore VLSFO bunkers cost more than Fujairah bunkers during the Christmas week, with fewer cargo availability given strong power dema

05 enero 2022

Rising LPG prices prompt crisis in Kazakhstan

Kazakhstan's government has resigned and a state of emergency has been declared in parts of the country following violent protests over rises in LPG prices. President Kassym-Jomart Tokayev announced the resignation of the government today during a meeting about the "socio-economic situation" in the

05 enero 2022

Sri Lanka, India to jointly develop Trinco oil tanks

The Sri Lankan cabinet has approved a proposal to jointly develop the Trincomalee oil tank farm with India, a deal that is likely to strengthen India-Sri Lanka diplomatic relations. The two countries agreed to jointly develop and operate the farm, which consists of 99 tanks, over three decades ago

05 enero 2022

Japan’s power trades expand further in 2021

Japanese wholesale power trading activity increased further during 2021, with the market share of small-scale power retailers continuing to rise since the liberalisation of the retail sector in 2016. The increased physical trades were also matched by firmer demand for futures contracts, which was s

04 enero 2022

EPA hears two-sided protest to blending mandate changes

US refiners and biofuel groups today renewed their arguments against the US government's handling of renewable fuel blending standards, following a pivotal policy update issued in early December. The US Environmental Protection Agency (EPA) today held a hearing on its 7 December proposal to update

04 enero 2022

Shippers oppose Tennessee Gas RSG pooling proposal

Some major shippers on Tennessee Gas Pipeline (TGP) are protesting against TGP's mid-December proposal to implement a responsibly sourced natural gas (RSG) supply pooling service at some locations across the pipeline. The proposed service is supposed to help certified producers with a supply aggreg

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