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October US coal exports highest since March 2014: Census

US coal exports totaled 8.31 million mt in October, up 3% compared with September’s shipments and up 88.3% from the year-ago month, US Census Bureau data showed. It was also the highest monthly total since March 2014, when exports totaled 9.5 million mt. Through October, US coal exports totaled 70.7 million mt, up 70% compared with the same period last year, and would total 84.8 million mt on an annualized basis, which would mark a 55.1% increase from the 2016 total of 54.7 million mt. The monthly surge came largely ...

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S.Korea seeks to buy 480,000 T of coal for Jan-March

Korea Southern Power Co Ltd (KOSPO) is seeking to buy a total of 480,000 tonnes of low calorific coal for loading between January and March via a tender, the state-run utility said on its website (www.kospo.co.kr.). The tender will close at 0500 GMT on Dec. 8, and other details are as follows: TONNES (M/T) SPECIFICATION (NCV) LOADING SCHEDULE 80,000 x 6 min. 3,800 kcal/kg Jan-March 2018 *Note: NCV stands for Net Calorific Value. Source: Reuters (Reporting by Heekyong Yang; Editing by Sunil Nair)

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U.S. energy chief says discussed LNG exports with Saudi

U.S. Energy Secretary Rick Perry said on Wednesday that he has held discussions with Saudi Arabian officials on possible exports of liquefied natural gas (LNG) from the United States into the kingdom. Perry was speaking at an industry conference in Abu Dhabi, part of his first official visit to Saudi Arabia, the United Arab Emirates and Qatar this week. Perry has met with Saudi Crown Prince Mohammad bin Salman and Energy Minister Khalid al-Falih and visited state oil giant Saudi Aramco during his trip. Source: Reuters (Reporting by Stanley Carvalho; ...

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Shell to take first LNG shipments from new U.S. Cove Point plant

Royal Dutch Shell will take the initial cargoes of liquefied natural gas (LNG) shipped from Dominion Energy’s new Cove Point export facility in Maryland after providing the plant’s feed gas supply, Dominion Energy said. So-called commissioning cargoes during the ramp-up phase of an LNG export plant can vary in quality and teething problems can prompt delays. Dominion said it began introducing feed gas supply into the plant on Tuesday. The gas is sourced from Shell North America, it said. Cheniere Energy brought online its Sabine Pass project in Louisiana last ...

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US ULSD monthly exports have sharpest two-month fall recorded by EIA

US ultra low sulfur diesel exports fell by 6.806 million barrels to 30.517 million barrels in September, driven by falling demand from Europe and Latin America, according to Energy Information Administration data. While that is only the second-sharpest monthly drop of the year, second to August, the decline from both months combines for the largest two-month fall in ULSD exports, at 15.365 million barrels,ever recorded by the EIA, which has data going back to January 2009. ULSD exports have been falling from a peak of 45.882 million barrels in July, ...

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Iraqi government approves more natural gas imports from Iran -statement

Iraq’s government approved a deal to import natural gas from Iran to the eastern border province of Diyala, it said in a statement, increasing purchases of the Iranian fuel which started earlier this year. Iran began exporting gas to Iraq in June after several years of delays. The neighbours, both members of OPEC, initially signed a deal in 2013 for Iran to supply Iraqi power stations, but officials in the past blamed poor security in Iraq for hampering implementation. Source: Reuters (Reporting by Ahmed Aboulenein; Editing by Maher Chmaytelli)

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Brazil Nov ethanol imports plunge, first fall on year in 2017: SECEX

Brazilian ethanol imports continued to drop, falling for the third consecutive month with 50.3 million liters entering the country in November, down almost 45% from October and 64% lower than a year earlier, the latest data from the Secretariat of Foreign Trade (SECEX) showed. This is the first time this year imports have fallen on the year. Almost all of the volume entered the country through ports in the Northeast region, via Itaqui and Suape (25.2 million liters and 10 million liters, respectively) and originated in the US to be ...

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China’s West African oil bookings bounce, boosting flows to Asia

China’s bookings of West African crude oil shipments are expected to bounce back in December, helping take overall shipments to Asia to a 10-month high, a Reuters survey of shipping fixtures and traders showed. China’s loadings of West African crude are set to rise by nearly 7 percent from the previous month, which traders and analysts said is down to 2017 import quotas, demand in advance of the China’s Lunar New Year in February and high refinery run rates overall. China’s Ministry of Commerce increased the overall crude import quota ...

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Rio Tinto expects lift in iron ore exports, met coal production in 2018

Mining giant Rio Tinto expects to see year-on-year increases in both its iron ore shipments and metallurgical coal production in 2018, the company said. It is expecting to ship 330 million-340 million mt of iron ore next year, which compares to its 2017 guidance of 330 million mt, the company said in an investor seminar. Rio Tinto noted that Chinese environmental policy measures are increasing demand for higher grade iron ore, which benefits the company’s 62% Fe product. Rival Australian iron ore miner, Fortescue Metals Group’s chairman Andrew Forrest last ...

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Hungary Intends to Up Iranian Crude Imports

Budapest is keen on increasing oil purchases from Tehran in the future. Hungary’s Minister of National Economy Mihaly Varga made the statement on the sidelines of a meeting with Oil Minister Bijan Namdar Zanganeh in Tehran on Monday, Shana, the official news agency of the Oil Ministry, reported. “Hungary’s largest oil and gas company MOL has bought 1 million barrels of crude from the National Iranian Oil Company since the nuclear deal, officially known as the Joint Comprehensive Plan of Action, was signed between Iran and the world powers in ...

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Japan offers to buy 154,694 tonnes of food wheat via tender

Japan’s Ministry of Agriculture is seeking to buy a total of 154,694 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender that will close late on Thursday. Japan, the world’s sixth-biggest wheat importer, keeps a tight grip on imports of the country’s second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month. Details are as follows (in tonnes): COUNTRY TYPE QUANTITY U.S. Western White 11,100 ** U.S. Hard Red Winter(Semi Hard) ...

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Ukraine’s Naftogaz makes first step to unbundle gas shipments

Ukraine has taken the first step toward unbundling its natural gas sector by creating a subsidiary to operate its pipelines, national energy company Naftogaz Ukrayiny said. The subsidiary, known as the Operator of the Gas Transportation System of Ukraine, or OGTSU, is incorporated under state gas shipper UkrTransGaz and is in control of assets and personnel needed for gas shipments. The development underscores the government’s efforts to go ahead with a major reform to unbundle its state-owned gas company Naftogaz by splitting it and creating independent gas producing, shipping and ...

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US imposes 40% anti-dumping duties on Korean steel imports

The United States Department of Commerce has raised the anti-dumping duties on Korean steel imports from the previous 10.09 percent to 40.8 percent, citing an error in adjusting the won-dollar exchange rate. The latest decision came about a month after the department imposed a 10.09 percent preliminary tariff on Korean steel products in October. The department explained it did not convert the Korean won to U.S. dollars while calculating the anti-dumping tariff rate. “We are amending the preliminary determination of sales at less-than-fair-value for wire rod from Korea to reflect ...

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S.Korea’s KOMIPO seeks to buy coal via spot, term tenders

Korea Midland Power Co Ltd (KOMIPO) is seeking to buy coal via spot and five-year term tenders, the state-run utility said on its website. The tenders will close at 12 pm (0300 GMT) on Dec. 11, and other details are as follows: -- Spot tender TONNES(M/T) SPECIFICATION (NCV) SHIPPING SCHEDULE 70,000 min. 4,600 kcal/kg March 2018 -- Term tender TONNES/YR SPECIFICATION (NCV) CONTRACT PERIOD 2,470,000 min. 5,700kcal/kg Jan 2018-Dec 2022 * Note: NCV stands for Net Calorific Value. Source: Reuters (Reporting by Yuna Park; Editing by Sherry Jacob-Phillips)

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Tokyo Gas signs LOI with Alaska Gasline on LNG purchase

Tokyo Gas Co Ltd said on Tuesday it signed a letter of intent (LOI) with Alaska Gasline Development Corporation (AGDC) regarding the sale and purchase of liquefied natural gas (LNG). The move follows China’s biggest state oil company Sinopec, one of the country’s top banks and its sovereign wealth fund agreeing last month to develop the $43 billion natural gas project in Alaska, as the cash-poor U.S. state seeks to revive its dwindling energy industry. Alaska LNG is designed to carry natural gas from fields in the North Slope through ...

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