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Saudi Arabia crude exports rebound in July from historic lows

Saudi Arabia’s crude oil exports rebounded in July to 5.73 million barrels per day (bpd) from a record low in June, official data showed. At 4.98 million bpd, crude exports in June were the weakest on record, according to data from the Joint Organizations Data Initiative (JODI) stretching back to 2002. Output from the Organization of the Petroleum Exporting Countries (OPEC) rose by more than 1 million bpd in July as Saudi Arabia and other Gulf members ended voluntary supply cuts, on top of an OPEC-led deal to curb production. ...

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Jordan issues new tender to buy 120,000 tonnes of wheat

Jordan’s state grain buyer, the trade ministry, is tendering to buy 120,000 tonnes of milling wheat sourced from optional origins, European traders said on Thursday. The tender closes on Sept. 23. Shipment is sought in a series of possible combinations in 60,000 tonne consignments. Possible shipment combinations in 2020 are Dec. 1-15 and Dec. 16-31. In 2021 shipment can be Jan. 1-15 and Jan. 16-31. In its previous tender on Wednesday, Jordan bought 120,000 tonnes. Source: Reuters (Reporting by Michael Hogan Editing by David Goodman )

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Taiwan’s CPC buys 1.5mln bbls Upper Zakum crude via tender -sources

Taiwanese refiner CPC Corp has bought 1.5 million barrels of Upper Zakum crude for November loading via a tender, trade sources said. The cargoes were purchased at premiums of between 10 and 20 cents per barrel to its official selling price (OSP), they said. CPC, which did not buy any spot sour crude last month, stepped up its purchases after ADNOC cut term supplies sharply in October and November, traders said. Source: Reuters (Reporting by Florence Tan; editing by Jason Neely)

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Algeria tells traders relaxing some bug damage rules for wheat

Algeria’s state grains agency OAIC has told traders it will relax specifications for bug (insect) damage in wheat effectively permitting Black Sea region wheat to be offered in tenders for higher protein grades, European traders said on Friday. Traders said they have received changed tender terms in a document from OAIC saying the agency will increase its tolerance level for 12.5% protein wheat to 0.5% bug (insect) damage in purchase tenders. Algeria’s bug damage standards for 11% protein wheat will remain at 0.1%, a level which Russian and other Black ...

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Petrobras says on track to raise Rio’s LNG import capacity by 50%, pending license

Brazil’s Petrobras PETR4.SA has successfully concluded tests that will allow for a 50% capacity expansion at its Rio de Janeiro liquefied natural gas (LNG) import terminal to 30 million cubic meters per day, the company said. Petroleo Brasileiro SA, as the company is formally known, said it is in the process of obtaining government permits to expand the terminal’s capacity. The terminal is used to convert the natural gas imported by Brazil by sea in a super-chilled liquefied version back to its gaseous form, a process known as regasification. Brazil ...

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US wheat export sales dip in latest week; no large demand seen from China: USDA

US wheat export sales in the week ended Sept. 10 hit the second-lowest point of the 2020-21 marketing season on the lack of big sales, while there was no large demand seen from Chinese buyers, data from the US Department of Agriculture showed Sept. 17. In recent weeks, China has been ramping up its purchases of US agricultural products, including wheat. China’s total commitments for US wheat so far this season have inching to a five-year high. China’s commitments in 2020-21 still remained higher than those of the two largest ...

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Russian oil exports seen flat in Q4 at 62.4mn tonnes

Exports and transit of Russian oil are expected to be broadly flat in the fourth quarter at 62.4 million tonnes, a loading schedule showed this week, in line with a global deal on output reduction. That is against the 62.8 million tonnes seen in the third quarter. The schedule showed that Urals blend exports from the Baltic Sea ports will reach 18.5 million tonnes, up from 17.8 million tonnes in the current quarter. Supplies of oil from the Black Sea port of Novorossiisk are set to rise to 7.6 million ...

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Qatar Petroleum sells Nov-loading al-Shaheen crude at spot discounts -sources

Qatar Petroleum (QP) has sold two cargoes of al-Shaheen crude, loading during Nov. 1-2 and Nov. 27-28, at an average discount of 58 cents per barrel to Dubai quotes via its monthly spot tender, similar to the tender trade level seen last month, trade sources said on Thursday. QP also set the November al-Shaheen crude price for term buyers at a discount of 55 cents per barrel to Dubai quotes, the sources said. JXTG was one of the buyers, the sources said. Last month, QP sold two October-loading cargoes of ...

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FranceAgriMer cuts 2020/21 soft wheat export outlook

Farm office FranceAgriMer on Wednesday lowered its forecast of French soft wheat exports in the current 2020/21 season as it factored in downward revisions to a weather-hit harvest. In its latest supply and demand forecasts, FranceAgriMer pegged French soft wheat exports outside the European Union this season at 6.6 million tonnes, down from an initial projection of 7.75 million in July and now 51% below a record 13.46 million tonnes in 2019/20. Like other forecasters, FranceAgriMer has been anticipating a steep drop in exports in 2020/21 after France’s wheat crop ...

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India’s June-quarter thermal coal imports down 42%

India’s imports of thermal coal fell by 41.5% to 32.9 million tonnes during the quarter ended June 30, government data showed, as coronavirus lockdowns battered power demand. India’s electricity demand is expected to fall for the first time in four decades in the ongoing fiscal year, which ends in March 2021. Imports by utilities, which account for over three-fourths of India’s coal use, fell 41%, the government data showed, as coal’s share in overall power generation dropped to as low as 60% during the quarter, compared with 2019 average of ...

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Japan’s crude imports to remain at multi-decade low until year-end: PAJ chief

Japan’s crude oil imports will likely remain at the current tepid pace until the end of 2020, having slowed to a multi-decade monthly low in July following the spread of the coronavirus pandemic, which had slashed domestic oil demand, the Petroleum Association of Japan’s president Tsutomu Sugimori said Sept. 17. “I believe it will likely remain at the current level [until the end of the year],” Sugimori said at a press conference in Tokyo, when asked to comment about Japan’s crude import outlook beyond October. Japan’s crude imports had fallen ...

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Polish wheat offered lowest at Egypt’s wheat tender

The lowest offer presented at Egypt’s latest state international wheat purchasing tender on Wednesday was at $228.43 a tonne for 60,000 tonnes of Polish wheat. The offer was presented by Casillo. Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC,) is seeking an unspecified quantity of wheat for shipment on Nov. 10-20. GASC said it would pay for the grain using letters of credit that guarantee payment within 180 days. Results are due later on Wednesday. “Baltic Sea region export prices, including Poland, are starting to look cheap ...

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India’s African oil imports hit 10-month high in August: shipping data

India’s oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping data provided by trade sources showed. The world’s third biggest oil importer shipped in about 3.95 million barrels per day (bpd) of oil in August, the highest volume since April, with African nations accounting for about 17.5%, or an eleven month high of 688,000 bpd, the data showed. “Spot prices of west African oil versus Brent were down in the most part of July ...

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Jordan buys 120,000 tonnes wheat in tender –trade

Jordan’s state grains buyer purchased 120,000 tonnes of hard milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. Some 60,000 tonnes was bought from trading house Ameropa at $254.50 a tonne c&f for shipment in the first half of November, they said. Another 60,000 tonnes was bought from trading house Aston at $254.90 a tonne c&f also for shipment in the first half of November, they said. Ameropa and Aston were the only participants in the tender. Source: Reuters (Reporting by Michael ...

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Azerbaijan’s Jan-Aug oil exports via BTC pipeline fall 10% y/y

Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell by 10.3% year on year in the first eight months of 2020 to 19.1 million tonnes, the State Statistics Committee said. The BTC pipeline is used to export oil from the Azeri, Chirag and Guneshli (ACG) oilfields operated by BP BP.L . Azerbaijan’s oil exports in January-August totalled 23.9 million tonnes, about 80% of which was sent via the BTC. The volume of transit oil, crude originating in Kazakhstan, through the BTC fell to 2.8 million tonnes ...

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