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26 abril 2023

Woodside, Keppel eye Singapore liquid H2 supply

Australian independent Woodside Energy has signed a non-binding heads of agreement with Singapore's Keppel Data Centres (KDC) in a push to deliver liquid hydrogen (LH2) shipments to the city-state by 2030. Woodside said the heads of agreement provides a pathway for the parties to develop further co

26 abril 2023

Japan’s Kansai seeks to extend reactors’ lifespans

Japanese utility Kansai Electric Power has asked the country's Nuclear Regulation Authority (NRA) for permission to operate the 870MW No.3 and No.4 reactors at its Takahama nuclear plant beyond their typical 40-year lifespan. Kansai on 25 April applied to the NRA to extend the reactors' service lif

25 abril 2023

Venezuela talks in Bogota sputter on first day: Update

Venezuela's fractured opposition started talks today with the government of President Nicolas Maduro amid low expectations and increasing demands from the administration in exchange for any agreements. Plans for the encounter hit rocky ground even before beginning, with the most well-known oppositi

25 abril 2023

US HRC: Spot market pressured on slow buying

US hot rolled coil (HRC) prices slipped this week as lower offers became more repeatable and buyers were apprehensive to place new orders. The Argus weekly domestic US HRC Midwest assessment fell by $15/short ton (st) to $1,160/short ton (st), while the southern assessment fell by $10/st to $1,165/

25 abril 2023

Price fall limits Venezuela coke loading

Venezuela has slowed loading of petroleum coke cargoes in April, multiple sources said, potentially because of a drop in global coke pricing closing arbitrage opportunities. But shipping could pick up for May/June loading, with fob prices easing. The main exporter of Venezuelan coke, Geneva, Switze

25 abril 2023

Venezuela talks in Bogota sputter before start

Venezuela's opposition factions and the government of President Nicolas Maduro are set to start talks today in Bogota, Colombia, centered on demands for free elections and calls for the US to ease oil sanctions. But plans for talks began to hit rocky ground even before beginning, with the most well

25 abril 2023

Premium for non-Chinese polysilicon rises: OCI

The price premium for polysilicon produced outside China increased during the first quarter, reaching 42pc in March, according to South Korean producer OCI. Following the Lunar New Year holiday in February, polysilicon prices rebounded after a sharp drop at the start of the year when new production

25 abril 2023

EU states confirm climate laws, new ETS

The EU Council of Ministers today formally adopted five laws, including revisions to the bloc's existing emission trading system (ETS), the introduction of a new scheme covering building and road transport emissions, and the establishment of a carbon border adjustment mechanism (CBAM). EU countries

25 abril 2023

Australian Vincent crude poised for 3Q return

Australian heavy sweet Vincent crude could be available for loading as early as July after an absence of four months because of maintenance at its production facility. The Ngujima-Yin floating, production, storage and offloading (FPSO) vessel, which is the facility used for Vincent crude production

25 abril 2023

India’s RIL ups O2C revenue in FY2022-23 on crude rally

Indian private-sector refiner Reliance Industries (RIL) posted higher revenue from its oil-to-chemicals (O2C) business during the April 2022-March 2023 fiscal year because of a rise in average crude prices and higher price realisation from transportation fuels. RIL's revenue from the O2C business r

25 abril 2023

EU becomes top destination for Indian steel in FY22-23

The EU became the top finished steel export destination for Indian steelmakers during the April 2022-March 2023 fiscal year replacing Asia, because of firmer demand and higher prices in the bloc. Finished steel exports to the EU were at 2.34mn t in 2022-23, according to Argus calculations based on

25 abril 2023

Japan’s Mol diversifies marine fuel for net zero goal

Japanese shipping firm Mitsui OSK Line (Mol) is diversifying its alternative marine fuel options, accelerating the company's effort to achieve its net zero Scope 1, 2 and 3 emissions goal by 2050. Mol updated its environmental strategy last week, with its fuel transition pathway towards 2050 driven

25 abril 2023

India’s SmartChem issues tender to buy amsul for June

Indian fertilizer importer SmartChem Technologies (STL) has issued a tender to purchase 20,000t of caprolactam-grade standard ammonium sulphate (amsul), for arrival in the first half of June. The tender requested for the cargo to be shipped to Mumbai port. The last date for bid submissions is 26 Ap

24 abril 2023

Norwegian Cruise adds short-term GHG targets

US-based Norwegian Cruise Line (NCL) said it has added new short-term greenhouse gas (GHG) emissions targets as part of its goal of net zero GHG emissions by 2050. The company's interim targets aim to cut GHG intensity by 10pc by 2026 and by 25pc by 2030 compared with 2019 levels. This goal include

24 abril 2023

Brazil gas standard puts ANP in a conundrum

Brazilian gas market participants are at odds over a proposal by oil and gas regulator ANP to change the allowable chemical make up of natural gas , sparking an extension of an ongoing public comment period . With more pre-salt natural gas entering overall supply since 2021 — 86pc of current gas pr

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