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06 1月 2022

Libya oil pipeline maintenance completed

Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maintenance in the east of the country, but output remains severely constrained by field blockades in the west. NOC's latest output guidance is

06 1月 2022

Russian military units enter Kazakhstan: Update

Russian military units have entered Kazakhstan at the government's request after fuel price protests turned violent. The Collective Security Treaty Organisation (CSTO), a grouping of former Soviet Union countries, said it will send "peacekeeping forces" for a limited time. Argus understands this to

06 1月 2022

Viewpoint: Tight lithium supply to ease

Continued supply tightness and buoyant demand in the lithium supply chain pushed prices for spodumene and lithium salts to record highs in late 2021, boosting investments in capacity expansions and new production projects. This is likely to ease supply tightness, particularly in the second half of

06 1月 2022

Russian military units enter Kazakhstan

Russian military units have entered Kazakhstan at the government's request after fuel price protests turned violent. The Collective Security Treaty Organisation (CSTO), a grouping of former Soviet Union countries, said it will send "peacekeeping forces" for a limited time. Argus understands this to

06 1月 2022

Tokyo faces tight power supplies amid snow warning

The Tokyo metropolitan area of Japan is facing tighter electricity supplies, as a cold snap brings unusual snowfall and creates additional power demand for heating purposes amid limited solar output. The capital area was forecast to have only a 3pc surplus of electricity supplies for today, which i

06 1月 2022

Australian cattle prices to remain robust: Rural Bank

Australia's beef cattle prices are expected to remain well above average for the first half of this year, the country's agricultural bank Rural Bank said in its 2022 Australian agriculture outlook. Rural Bank expects Australian beef production to rise by 12pc in the first half of 2022 as cattle rea

06 1月 2022

Malaysia lays out plans to strengthen palm oil market

Malaysia's palm oil council (MPOC) will focus on expanding into developing markets, cultivating downstream manufacturing demand and promoting regional acceptance of its homegrown sustainability certification in 2022. Speakers at yesterday's annual MPOC industry seminar agreed on the strategic impor

06 1月 2022

Japan's Honda to build battery EV plant in China

Japanese auto manufacturer Honda's Chinese subsidiary Dongfeng Honda plans to build a battery electric vehicle (BEV) production plant in central China's Hubei province, targeting commercial operations in 2024. Dongfeng Honda, a 50:50 joint venture between Honda and China's Dongfeng Motor, aims to b

06 1月 2022

Australia extends La Nina weather forecast

Australia's Bureau of Meteorology (BoM) forecasts the La Nina weather pattern bringing wetter weather to north and east Australia to extend into March, increasing the potential for disruption to coal, iron ore, LNG and agricultural exports. The BoM expects the La Nina weather pattern to continue in

06 1月 2022

Ecuador lifts oil force majeure as crisis eases

Ecuador lifted force majeure on its oil sector after its two main crude pipelines resumed operations. Another flare-up in riverbed erosion in Napo province led to the December shutdowns of state-owned PetroEcuador's 360,000 b/d SOTE pipeline and the 450,000 b/d OCP line owned by a consortium of oth

05 1月 2022

US fuel stocks rise as demand dips at year end

US gasoline, diesel and jet fuel stockpiles rose last week, reversing prior-week losses, as the surging Covid-19 Omicron variant dampened demand for liquid fuels around the New Year holiday. Implied US gasoline demand during the week ended 31 December fell by 16pc to 8.17mn b/d, the lowest since th

05 1月 2022

Canada seaborne LPG exports to increase

Seaborne LPG exports from Canada are expected to rise in 2022 as more export terminal capacity comes on line on the country's Pacific coast. Growth in Canada's west coast export capacity will be led by upgrades at midstream companies Altagas' Ridley Island and Pembina's Prince Rupert terminals in B

05 1月 2022

Japan city gas growth faces hurdles despite reforms

Japan's city gas sector faces challenges in expanding further this year despite the market undergoing the final stage of its liberalisation in April 2022. The city gas sector — piped natural gas sold to the residential, commercial and industrial sectors — was gradually deregulated over 1995-2017. T

05 1月 2022

Open US arbitrage to ease NWE supply pressure

A recent weakening in US propane prices and the reopening of the arbitrage to northwest Europe should facilitate vital flows into the region this year, alleviating refinery supply pressures. US propane flows to northwest Europe were stunted until as recently as October 2021 owing to long-held US in

05 1月 2022

US LPG exports and production to grow in 2022

US LPG exports to Asia-Pacific are expected to continue to grow in 2022 as strong petrochemical demand in the region bolsters the sector's buying of US feedstocks, particularly propane, while domestic production expands. The US continued to ship more than twice the volume of LPG to Asia-Pacific com

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