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04 十月 2023

India flags shift in IOC West Coast refinery plan

Indian oil minister Hardeep Singh Puri said there is a possibility of changes to plans for Indian state-controlled refiner IOC's 1.2mn b/d (60mn t/yr) West Coast refinery project being developed with two Mideast Gulf national oil companies. Speaking to Argus in an interview in Abu Dhabi, the minist

04 十月 2023

Opec supply management will have consequences: India

India's oil minister has said Opec+ "supply-side management" will have consequences for demand, because the global economy is not in a position to shoulder high prices. Speaking to Argus in Abu Dhabi, Hardeep Singh Puri dismissed the argument made by, among others, Opec heavyweights Saudi Arabia an

04 十月 2023

Opec+ JMMC sees no need for change to output policy

The Opec+ Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the alliance's output policy when it met today, but underlined again its readiness to take action at short notice should market dynamics require. "The committee reaffirmed the commitment of its member countries to the

04 十月 2023

Asia’s winter demand for LNG remains weak

Demand for winter restocking among northeast Asian buyers this year has been much weaker than last winter, in the face of higher inventories stocked up in advance and forecasts of a milder-than-expected winter. Most northeast Asian buyers have so far remained on the market sidelines for winter rest

04 十月 2023

Solar, wind to meet India’s energy needs: UK think-tank

Solar and wind energy will meet two-thirds of India's future energy demand by the April 2031-March 2032 fiscal year, in contrast to the previously coal-dominated decade, UK-based think-tank Ember said. Solar energy in India is entering an "accelerating growth" phase as India's National Electricity

04 十月 2023

Indonesia launches new E-RKAB mining quota system

Indonesia's energy ministry (ESDM) has launched an E-RKAB work plan system to simplify its standard operating procedures and business processes in licensing and supervision of the mineral and coal mining sectors. The ESDM started its evaluation in August on the streamlining of business processes ,

04 十月 2023

Saudi reaffirms extra 1mn b/d crude cut to year-end

Saudi Arabia today said it remains committed to its 1mn b/d crude supply cut until the end of this year, but again left the door open for a possible revision of the decision next month. "Production in the coming months November and December will be approximately 9mn b/d," the Saudi energy ministry

04 十月 2023

Россия в ноябре уточнит планы по экспорту нефти - Новак

Россия придерживается добровольного обязательства по ограничению экспорта нефти на 300 тыс. барр./сут. до конца 2023 г., которое действует с сентября, но может уточнить эти планы в ноябре, заявил в среду вице-премьер Александр Новак. Он сделал это заявление в преддверии заседания министерского мони

04 十月 2023

India launches anti-dumping probe on PVC paste imports

India is launching an anti-dumping investigation on imports of polyvinyl chloride paste grades (e-PVC) originating from China, South Korea, Malaysia, Norway, Taiwan and Thailand. The investigation by the Ministry of Commerce and Industry (MCI) was initiated by an unnamed Indian producer of e-PVC, w

04 十月 2023

Australia's OCE sees EVs driving Al, Cu, Ni demand

Australia's Office of the Chief Economist (OCE) predicts a strong electric vehicle (EV) sector will drive firm demand growth for aluminum, copper and nickel in the next two years. Global EV sales are projected to more than double to 23mn units/yr in 2025 from 11mn units/yr in 2023, according to OCE

03 十月 2023

Etanol: Agrojem planeja construir usina no TO

O grupo agrícola Agrojem planeja uma parceria com a holding Aquila e a trading de açúcar Czarnikow para construir uma usina de etanol de milho no Tocantins, mirando uma expansão para o mercado de biocombustíveis. A joint venture prevê a construção de uma usina em Miranorte (TO), onde a Agrojem cult

03 十月 2023

Nucor keeps plate prices flat

Electric arc furnace (EAF) steelmaker Nucor has kept its ex-works discrete plate prices unchanged. The company announced on 28 September that its discrete plate prices would remain flat at $1,530/short ton (st) for thicknesses from 0.375-2in and widths of 72-120in. Between 2.25-3in thick is priced

03 十月 2023

US House removes McCarthy as speaker: Update

The US House of Representatives has voted to remove Kevin McCarthy (R-California) as speaker after a chaotic nine months on the job, plunging the chamber into another fight over its leadership. The House voted 216-210 for a "motion to vacate" its speaker, leaving the House effectively paralyzed unt

03 十月 2023

US HDG/CRC: Galv strengthens, CR falls

US hot-dipped galvanized (HDG) pricing strengthened this week as supply tightened while cold-rolled coil (CRC) prices continued to fall. The Argus weekly US HDG price increased by $20/short ton (st) to 880/st while the CRC price fell by $20/st to $860/st ex-works. Repeatable HDG price offers were b

03 十月 2023

US HRC: Prices rise despite strike headwinds

US hot-rolled coil (HRC) prices rose this week for the first time since July as mills booked higher sales in the wake of Cleveland-Cliffs' price increase announcement, even as the auto strike continued. The Argus US HRC Midwest and southern assessments both increased by $30/st to $700/st ex-works.

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