Egypt’s petcoke imports increased month on month in August after falling for two straight months, driven by an increase in demand due to lower prices of delivered petcoke, market sources said. In August, Egypt imported 80,001 mt of petcoke, up 53% on the month but down 18% on the year, according to data from the Port of Alexandria Sept. 19. Spain and the US were the only suppliers of petcoke to Egypt during the month. Spain and the US have been the main suppliers of petcoke to Egypt, barring one ...

Ukraine’s grain exports in the 2024/25 July-June season reached 9.3 million metric tons as of Sept. 20, compared with 5.9 million tons at the same date in 2023, agriculture ministry data showed on Friday. The volume included 5.3 million tons of wheat, 2.5 million tons of corn and 1.2 million tons of barley. Ukrainian government and farm associations have agreed to limit wheat exports in the 2024/25 July-June season to 16.2 million tons. There are no curbs on exports of other commodities. The ministry said that traders have exported 1.8 ...

China’s crude oil imports from Malaysia surged 31% in August from a year earlier, making it the country’s second-largest supplier after Russia, customs data showed, bucking a broader trend of slowing Chinese imports. Chinese refiners have continued to snap up cheaper, sanctioned oil despite sluggish domestic fuel demand. Imports from Malaysia, a major transhipment hub for sanctioned oil from Iran and Venezuela, amounted to 7.5 million metric tons in August, or 1.77 million barrels per day (bpd), data from the General Administration of Chinese Customs showed on Friday. That compared ...

China’s fuel oil imports rebounded to three-month highs in August, while export volume for bunkering dropped to five-month lows, customs data showed on Friday. August imports totalled 1.90 million metric tons orabout 390,000 barrels per day, 38% higher than July and 36% up from a year earlier, showed General Administration of Customs data. A looming tax revamp could have driven some refiners to pick up more barrels ahead of its implementation, while a softer high sulphur fuel oil market in August also spurred buying interest, market sources said. Prompt-month cracks ...

India is in discussions with Brazil to raise oil imports, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday. Puri met with the President of Petrobras, Magda Chambriard in Brasília to strengthen bilateral energy ties between India and Brazil. In a post on X (formerly Twitter), Puri shared that the two discussed increasing crude oil purchases between Petrobras and Indian energy companies, as well as exploring collaboration opportunities in offshore deep and ultra-deep-water exploration projects. “We discussed steps to further enhance crude oil purchases between Petrobras ...

Iraq’s SOMO has sold 500,000 barrels of Qaiyarah crude to U.S. refiner Valero Energy VLO.N, out of the 2 million barrels it offered via a tender on the S&P Platts Market on Close process late on Thursday, trade sources said. Iraq’s offer of prompt-loading Qaiyarah crude comes at a time when Asian buyers have already completed their purchases for October loading, and after China stepped up imports of similar quality heavy and high-sulphur oil from Canada following the expansion of the Trans Mountain pipeline that has shortened the distance for ...

Vietnam’s Binh Son Refining and Petrochemical has purchased its first cargo of Murban crude oil produced in the United Arab Emirates as it diversifies import sources for its Dung Quat refinery, two sources familiar with the matter said on Friday. The 300,000-barrel cargo will be delivered in December, one of the sources said. Source: Reuters (Reporting by Khanh Vu in Hanoi and Florence Tan in Singapore; Editing by Himani Sarkar)

Thailand’s rice exports could exceed target and reach 8.5 million metric tons this year, before falling to 6.5 million tons in 2025 as the strength of the baht weighs on demand, its rice exporters association said on Friday. The association had targeted 8.2 million tons of rice exports this year and about 5.7 million tons were shipped in the first seven months, according to commerce ministry data. Thailand is the world’s second-largest exporter of the grain. The association is concerned that currency appreciation will impact exports next year and there ...

Oil exports from Russia’s Black Sea port of Novorossiisk were revised up by 0.14 million metric tons to 2.24 million tons or 545,000 barrels per day (bpd), two sources familiar with the matter said. The revision comes after an additional cargo of 140,000 tons was added to the loading plan, the sources said. Three oil grades – Russian Urals, Siberian Light and Kazakhstan’s KEBCO – are loaded from Novorossiisk port. The overall oil loading plan from Russian western ports was set to rise to nearly 2.06 million bpd in September ...

Saudi Arabia’s crude oil exports in July fell to their lowest level in nearly a year, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. The country’s oil exports stood at 5.741 million barrels per day (bpd) in July, their lowest level since August 2023. Saudi Arabia is world’s largest exporter of crude. OPEC+ oil producers earlier this month agreed to delay a planned production increase for October and November and said they could further pause or reverse the hikes if needed. Saudi’s crude exports in July fell ...

The continuing decline in the export of refined petroleum products widened in August to 5 million tonnes (mt), according to the latest data from the Petroleum Planning and Analysis Cell. Exports in this category have decreased by nearly 3 per cent to 18.1 mt in the first five months of 2024-25, largely due to sluggish diesel exports. Imports of crude oil increased by 6.4 per cent in August, rising to 19.9 mt from 18.7 mt in August 2023, indicating no supply-side shortages. Conversely, the consumption of petroleum products fell by ...

Ukraine could need to import some 0.6 Bcm of gas before the end of October to meet its target of 13.2 Bcm of gas in stock by Nov. 1, the International Energy Agency said this week. In a report titled “Ukraine’s energy security and the coming winter”, the IEA also called on Ukraine’s international partners to help make sure the storage filling target was met ahead of the start of winter. “To accelerate storage injections, Ukraine could require additional piped gas imports from the EU,” the IEA said. “We estimate ...

Russia’s seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from industry sources and Reuters calculations showed. Russia’s offline primary oil refining capacity for August at 2.95 million tons was up from July’s level by some 3%, according to Reuters calculations based on data from industry sources. Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St. Petersburg and Ust-Luga in August decreased by 1.9% versus the previous month to 4.936 million tons, data from market sources showed. Fuel ...

Indian refiners are jointly negotiating to purchase Russian oil for next year, a government source said on Thursday, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel cap. Russia is India’s top oil supplier, and the world’s third biggest oil importer and consumer is also Moscow’s top client for seaborne oil. Privaterefiners in India this year signed annual deals for Russian oil supplies while state refiners are buying from spot markets. India also relies heavily on Middle Eastern producers and its refiners have annual oil ...

Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to fall in October due to planned maintenance on Kazakhstan’s giant Kashagan oilfield, sources familiar with the matter told Reuters. Exports are set to fall to around 4.2 million metric tons or some 1.1 million barrels per day (bpd) from 4.9 million tons or 1.3 million bpd in September’s plan, three sources told Reuters. On a daily basis, CPC Blend oil exports will decline by some 17%, Reuters calculations showed. Kazakhstan’s energy ministry said ...