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08 dezembro 2023

Nigeria's Dangote refinery receives first crude cargo

Nigeria's new 650,000 b/d Dangote refinery has received its first crude cargo, a 1mn bl shipment of light sweet Nigerian grade Agbami. Industrial conglomerate Dangote Group, which operates the refinery with an 80pc stake, told Argus it bought the crude from Shell as the first of six planned cargoes

08 dezembro 2023

IAI launches climate initiative for aluminium industry

The International Aluminium Institute (IAI) has launched an initiative to track the progress of greenhouse gas (GHG) emissions reductions among its member companies, it said this week. The initiative was announced at Cop 28, the UN's climate change conference taking place in Dubai from 30 November-

08 dezembro 2023

India's Nov gasoline, jet fuel use up on festive demand

India's gasoline and jet fuel consumption rose in November, buoyed by increased travel and industrial activity during the festive Diwali season. India's gasoline consumption was up by 3pc from October and by 9pc from November 2022 at 881,000 b/d in November, oil ministry data show. Demand for the f

08 dezembro 2023

South Korea to set SAF, bio-bunker standards from 2024

South Korea will establish quality standards for sustainable aviation fuel (SAF) and bio-bunkers from 2024, according to the country's trade, industry and energy ministry (Motie). Land and sea demonstrations for biofuel blending with bunkers will be conducted in 2024, and quality standards for SAF

08 dezembro 2023

Japan’s December scrap export tender price increases

Japanese scrap dealer co-operative Kanto Tetsugen's export tender price increased for December, in line with international seaborne scrap values, as regional buyers anticipate further gains and look to stock up ahead of lunar new year demand. A total of 5,500t of H2 scrap was concluded in the 8 Dec

08 dezembro 2023

Japan grants subsidies to secure semiconductor supplies

The Japanese government is offering ¥129.4bn ($900mn) in subsidies to domestic semiconductor producers Rohm and Toshiba, aiming to secure stable supplies of power semiconductors. The subsidies were granted on 8 December to the companies, along with their subsidiaries, for their domestic investment

08 dezembro 2023

Japan justifies coal use with abatement technology

Japan's pledge not to build any unabated coal-fired power plants does not necessarily mean the country will stop using coal for power generation, with it likely to continue to do so until cleaner fuels such as ammonia are fully deployed. Japanese premier Fumio Kishida said at the Cop 28 UN climate

07 dezembro 2023

Marathon Martinez fires trigger CSB probe: Update

The US Chemical Safety and Hazard Investigation Board (CSB) is investigating Marathon Petroleum's Martinez, California, renewables plant after two fires last month. Marathon reported a fire at the facility on 19 November that injured one worker and led 20 workers to evacuate the facility. The fire

07 dezembro 2023

US backs Guyana over Venezuela dispute: Update

The US administration is reemphasizing its support for Guyana as Venezuela escalates threats to annex its neighbor's oil rich border state. US secretary of state Tony Blinken in a phone call with Guyana's president Irfaan Ali late Wednesday reaffirmed "the US' unwavering support for Guyana's sovere

07 dezembro 2023

Cop: Canada to cap oil and gas emissions

Canada plans to cap greenhouse gas (GHG) emissions from oil and gas companies utilizing a carbon trading mechanism, which officials say will set the sector up to decarbonize by midcentury, while still upping production this decade. The program would set facility-specific caps on GHG emissions from

07 dezembro 2023

EU HRC Jan 'others' arrivals could top 1.2mn t

The EU's imports of hot-rolled coil (HRC) under the ‘other countries' safeguard quota could exceed 1.2mn t in January, according to Argus estimates. The quota for January-March is set at 923,594t, with anything beyond this subject to a safeguard duty. The October-December allocation of 933,743t was

07 dezembro 2023

Cop: UN carbon market stumbles on CO2 avoidance

The latest draft text on a future UN centralised carbon market leaves open the question of whether to allow greenhouse gas (GHG) emissions avoidance activities to generate credits. A decision on this might not now be taken until the Cop 29 UN climate conference next year. Uncertainty over whether t

07 dezembro 2023

Cop: Cash, regs still hurdles for developing nations

Financing and regulation will continue to slow developing countries' expansion to cleaner energies, despite advances in financing commitments at the UN Cop 28 climate summit, stakeholders said. Countries and institutions have made many climate and environment-related finance commitments , including

07 dezembro 2023

ARA barge rates pushed up by strike, water levels

Barge freight rates in northwest Europe have hit recent highs, with shipments from the Amsterdam-Rotterdam-Antwerp (ARA) trading and refining hub disrupted by strike action in Belgium. With constraints likely to tighten as water levels rise on the Rhine river, already-tight product markets in Germa

07 dezembro 2023

Interest in Citgo sale may be limited

Few companies look ready to buy US refiner Citgo in the ongoing court-ordered auction, amid industry downsizing and the challenge of integrating 805,000 b/d of capacity into an existing business. But there may still be interest in specific parts of the seventh-largest US refiner. A US federal court

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