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Azerbaijan says January-June oil exports via BTC pipeline up 3.8% y/y

Oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline which runs from Azerbaijan through Georgia to Turkey were up 3.8% year-on-year in January-June 2024 at 15.025 million metric tons, Azerbaijan’s state statistics committee said on Monday. The BTC pipeline is used to export oil from the Azeri, Chirag and Guneshli oilfields, which are operated by BP BP.L. Azerbaijan’s total oil transit in January-June 2024 amounted to 19.6 million tons, of which 76.5% flowed through the BTC. The volume of transit oil sourced from other countries such as Kazakhstan and Turkmenistan via the ...

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Russia may reinstate gasoline export ban from August if shortages worsen, deputy PM says

Russia might decide to reinstate a gasoline export ban from August should there be supply shortages on the domestic fuel market, Deputy Prime Minister Alexander Novak told reporters on Monday. He said the domestic fuel market had been stable so far, but there had been some difficulties with a popular gasoline, the Ai-95 grade, which were being dealt with. “If the situation gets tense, we will not extend the waiver for gasoline exports,” Novak said. Russia’s Federal Antimonopoly Agency said on Friday it wanted to reinstate the gasoline export ban ...

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China takes lead in shipping Russian crude amid new high for non-G7 share

More than 80% of Russian crude exports were transported by tankers operating outside of the G7’s price cap in June, hitting another high since the Western trade restrictions were in place, as Chinese tanker operators raised shipments to India. While G7 countries and the EU have been sanctioning ships linked to Russian state interests and opaque, little-known “shadow” operators, which control the bulk of the non-price-capped fleet, China and India — the world’s No. 2 and No. 3 oil consumers — are showing little appetite to fully comply with the ...

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Pakistan’s largest refiner to export around 50,000 mt of fuel oil amid weak domestic demand

Pakistan’s government has allowed the country’s biggest refiner Pak Arab Refinery to export around 50,000 mt of fuel oil by this week, according to a notice seen by S&P Global Commodity Insights late July 12, to reduce stockpile amid low domestic demand. The state-run regulator Pakistan Oil and Gas Regulatory Authority, which determines gas, petroleum products and LNG prices and procedures, added that the export volume could be up to 10% lower or higher than the targeted 50,000 mt. Last month, the Pakistan government had allowed three oil refineries — ...

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Thailand’s PTT seeks LNG cargo for September delivery

Thailand’s PTT has issued a buy tender seeking three cargoes of liquefied natural gas (LNG) for delivery in September, according to two industry sources on Monday. PTT is seeking the cargoes for delivery on Sept. 13-14, 22-23 and 26-27 on a delivered-ex-ship (DES) basis, in a tender that closes on July 15. Source: Reuters (Reporting by Emily Chow; Editing by Jacqueline Wong)

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Taiwan’s MFIG tenders to buy up to 65,000 metric tons corn

Taiwan’s MFIG purchasing group has issued an international tender to buy up to 65,000 metric tons of animal feed corn which can be sourced from the United States, Brazil, Argentina or South Africa, European traders said on Monday. The deadline for submission of price offers in the tender is Wednesday, July 17, they said. Price offers in MFIG’s tender are being sought for one consignment of yellow corn of between 40,000 tons and 65,000 tons at a premium over the Chicago December 2024 corn contract CZ24. Shipment is sought between ...

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South Korea bought estimated 204,600 T rice mainly from China, traders say

South Korea’s state-backed Agro-Fisheries & Food Trade Corp. purchased an estimated 204,600 metric tons of rice mainly to be sourced from China in an international tender which closed earlier in July, European traders said on Monday. The purchase included about 174,600 tons of short brown rice from China, bought at between $876 to $882 a ton c&f, they said. It also included about 17,000 tons of medium brown rice from the United States bought at $839 a ton c&f and some small volumes from Thailand and Vietnam, they said. Most ...

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South Korea’s KOMIPO seeks LNG for September delivery

South Korea’s Korea Midland Power Co (KOMIPO) is seeking 3.2-3.8 trillion British thermal units (Btu) of liquefied natural gas (LNG), according to a tender that the company issued. The LNG is to be delivered on Sept. 26-27 on a delivered ex-ship (DES) basis to Kogas terminals in Incheon, Pyeongtaek, Tongyeong and Samcheok in Korea. The tender closes on July 17. Source: Reuters (Reporting by Emily Chow; Editing by Himani Sarkar)

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LNG exports from Russia’s Yamal LNG slow down in July, LSEG data shows

Exports of liquefied natural gas (LNG) from Russia’s Yamal LNG plant have slowed slightly in July so far compared with the same period a year due to a longer wait for vessels to offload the fuel in Europe, ship-tracking data from LSEG showed on Thursday. The exports have slowed down amid maintenance at the French terminal of Montoir-de-Bretagne, which receives cargoes from Yamal LNG. According to LSEG, eight tankers departed from the port of Sabetta in the Arctic Yamal peninsular in July 1-12, compared with nine tankers in the same ...

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French wheat exports and stocks forecast to shrink on poor crop

France is set for a steep fall in soft wheat exports and stocks this season due to a rain-hit harvest in the European Union’s top grain producer, farm office FranceAgriMer said. French soft wheat exports outside the EU in the 2024/25 season that began on July 1 were pegged at 7.5 million metric tons, down 26% from 10.2 million in 2023/24, the office said in its first supply and demand outlook for the new season. That would only be slightly offset by a 4% projected rise in soft wheat shipments ...

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China June copper imports slide to 14-month low on weak demand

China’s unwrought copper imports declined in June to a 14-month low, customs data showed on Friday, as high global prices and weak domestic demand suppressed buying appetite. Imports of unwrought copper and products were 436,000 metric tons last month, down 3% from the 449,649 tons a year earlier and the lowest since April 2023, data from the General Administration of Customs showed. The data includes anode, refined, alloy and semi-finished copper products. Demand for the metal used for power, construction and transportation sectors was weak as China’s manufacturing sector contracted ...

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June oil products imports slump to 20-month low of 3 mil mt

China’s oil products imports slumped 33.2% from May to a 20-month low of 2.97 million mt in June, data from the General Administration of Customs showed July 12, as independent refineries cut feedstock fuel oil purchases. The previous low was at 2.53 million mt in October 2022, the GAC data showed. Independent refineries’ fuel oil imports fell 15.2% on the month to 939,000 mt in June, S&P Global Commodity Insights data showed. “A few independent refineries cut throughput due to bad refining margins, capping demand for feedstock fuel oil even ...

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China’s June soybean imports up 10.7%, buyers focus on Brazil crop

China’s soybean imports in June rose 10.7% from a year earlier, a Reuters’ calculation of customs data showed onFriday, as buyers stocked up on cheaper Brazilian beans ahead of the North American export season in the fourth quarter. The world’s biggest soybean buyer imported 11.11 million metric tons in June, compared with 10 million tons a year earlier. Brazil’s soy export season is slowing down as the harvest season wraps up. Excess rains and heavy flooding hampered production and shipment in May. Shipments in the first half of the year ...

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Caspian Pipeline Consortium raises oil exports by 3% in H1, sources say

The Caspian Pipeline Consortium (CPC), which exports oil from Kazakhstan via the Black Sea, increased oil supplies in the first half of the year by 3% year on year to 33.21 million metric tons (1.432 million barrels per day), two industry sources said on Friday. CPC does not comment on its operational data. The sources also said that CPC’s June exports rose to 5.554 million tons from 4.941 million tons in May thanks to the completion of maintenance at the giant Tengiz oilfield. The consortium sees its exports in July ...

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First Senegalese crude cargoes bound for Dutch, German refineries: sources

Senegal’s first ever crude cargoes will supply refineries in the Netherlands and Germany, according to trading sources and ship-tracking data, as the West African country celebrates its newfound status as an oil exporter. The Greek-flagged Maran Poseidon crude tanker arrived July 1 at the 100,000 b/d Sangomar oil project — operated by Australia’s Woodside Energy — to lift Senegal’s maiden cargo of medium-sour crude, according to S&P Global Commodities at Sea. The vessel is expected to finish loading and depart before July 20. The first cargo will sail to the ...

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