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India’s Russian thermal coal imports set to fall for first time in 4 months

India’s thermal coal imports from Russia are expected to fall for the first time in four months in September, two research consultancies said, potentially resulting in lower revenues for Moscow at a time it is mobilising more troops to fight in Ukraine. Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes, it said in a note to clients. London-based analytics firm DBX Commodities estimates Indian shipments of the power generation fuel to fall to 1.5 million tonnes this month from ...

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Ukraine ports have shipped around 4.7mn tonnes of food under grain deal

A total of 211 ships with 4.7 million tonnes of agricultural products on board have left Ukraine so far under a deal brokered by the United Nations and Turkey to unblock Ukrainian sea ports, the Ukrainian infrastructure ministry said on Saturday. The ministry said eight ships with 131,300 tonnes of agricultural products are due to leave Ukrainian Black Sea ports on Saturday. Ukraine’s grain exports slumped after Russia invaded the country on Feb. 24 and blockaded its Black Sea ports, driving up global food prices and prompting fears of shortages ...

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German oil imports up 13.5% in January-July period; bill more than doubles

German crude oil import volumes rose 13.5% in the first seven months of 2022 on a year-on-year basis as the economy recovered from the COVID-19 pandemic, while the bill more than doubled due to higher prices, official data showed on Friday. Russia remained the top supplier, holding a 30.5% share of Germany’s oil imports in the period, monthly statistics from the BAFA foreign trade office showed. The German government is resolved to eliminate imports of oil from Russia by the end of the year under European Union sanctions imposed in ...

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Biden admin not considering restrictions on oil product exports – Energy Sec

The Biden administration is not considering right now any restrictions on U.S. oil product exports, U.S. Energy Secretary Jennifer Granholm told reporters on Friday. Granholm late last month had urged U.S. refiners to build inventories of oil products like gasoline and diesel given high oil prices, warning that if it did not happen the administration would need to consider federal actions and emergency measures. “Restrictions are not being considered at this time,” Granholm said when asked about any limits on U.S. oil product exports. Source: Reuters

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Stabilis Solutions Receives DOE Approval to Export LNG

Stabilis Solutions, Inc., announced that it has received authorization from the U.S. Department of Energy (“DOE”) to export domestically produced liquefied natural gas (“LNG”) to all free trade and non-free trade countries, including Asian, European, and Latin American importing nations. Under the DOE’s order, Stabilis received authority to export on its own behalf, or as agent for others, up to the equivalent of 51.75 billion cubic feet per year of domestically produced LNG. The authorization is for a term of 28 years. “The DOE’s approval provides us with the ability ...

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Greece’s sole LNG terminal ramps up imports to replace Russian gas

Greece has cut Russian gas imports by more than half this year thanks to increased deliveries from other producers to its sole liquefied natural gas (LNG) terminal near Athens, the country’s gas grid operator said. Greece has relied on Russia for about 40% of its gas needs for years but it has ramped up LNG purchases from other countries in line with a European Union plan to cut dependence on Russian energy. It has been receiving Russian gas via the Turkstream pipeline which also delivers to Hungary via Serbia. Its ...

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India’s top palm oil buyer expects 23% jump in imports

India’s palm oil imports in 2022/23 could jump 23% from a year earlier to 9.5 million tonnes, the highest in eight years, as a rebound in consumption and competitive prices prompts refiners to increase purchases, the country’s top palm oil buyer said. “Palm is very attractive as prices are under pressure because of stocks,” Sanjeev Asthana, chief executive officer at Patanjali Foods Ltd said on the sidelines of Globoil conference. Financial Post Top Stories Banner Financial Post Top Stories Sign up to receive the daily top stories from the Financial ...

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Why Canada’s oil exports could flow easier for the next decade

Canadian oil producers may avoid major export pipeline bottlenecks over the next decade as upcoming projects ease a longstanding challenge for the industry, according to a new analysis. However, S&P Global Commodity Insights warns that “Western Canada may not be entirely out of the woods.” Alberta’s oil sands are the fourth-largest reserves in the world, and the most significant source outside of the OPEC bloc. For years, lack of export pipeline capacity has fuelled large price discounts for Canadian barrels versus the global market. At the same time, regulatory delays ...

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Philippines bought about 45,000 tonnes Australian feed wheat – traders

An importer group in the Philippines is believed to have bought around 45,000 tonnes of animal feed wheat to be sourced from Australia in an international tender which closed on Thursday, European traders said in assessments on Friday. The wheat was purchased at about $355 a tonne c&f for January 2023 shipment, traders estimated. Source: Reuters (Reporting by Michael Hogan)

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U.S. oil imports, exports up last week: EIA

Both U.S. crude oil imports and exports increased during the week ending Sept. 16, the U.S. Energy Information Administration (EIA) said. U.S. crude oil imports averaged 6.947 million barrels per day (b/d) last week, up by 1.155 million b/d from the previous week, while crude oil exports averaged 3.54 million b/d, up by 25,000 b/d from the previous week, according to the Weekly Petroleum Status Report. Over the past four weeks, U.S. crude oil imports averaged about 6.368 million b/d, up by 4.5 percent from the same four-week period last ...

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Ukraine’s grain exports down 43% so far in 2022/23 -ministry

Ukraine’s grain exports are down 43.2% year on year in the 2022/23 season so far at 6.88 million tonnes, the agriculture ministry said. The country’s grain exports have slumped since the start of war in February because its Black Sea ports, a key route for shipments, were closed off, driving up global food prices and prompting fears of shortages in Africa and the Middle East. Three Black Sea ports were unblocked at the end of July under a deal between Moscow and Kyiv, brokered by the United Nations and Turkey. ...

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Despite weak crude oil imports, China keeps building stockpiles

One of the features of the crude oil market this year has been China’s weak imports and faltering exports of refined fuels. But despite the decline in oil imports, China has actually been building up inventories, as crude imports and domestic production has been exceeding the volume of refinery processing. China added about 850,000 barrels per day (bpd) to either commercial or strategic stockpiles in August, according to calculations based on official data. This was an acceleration from the 290,000 bpd inventory build in July, and brought the total additions ...

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France’s gas supplier Engie sees more LNG arrival by boat

France’s leading gas supplier Engie said it’s much better prepared for this winter with an increase of liquefied natural gas (LNG) arrivals by boat carriers, a company executive said. Jean-Pierre Clamadieu, Engie’s chairman of the board and director, told French broadcaster France Inter that 30 to 40 LNG boat carriers arrive in France every week now, compared to just 10 last year. “We are much better prepared than what we feared three or four months ago,” he said, adding that his team has made “extraordinary efforts” in order to fill ...

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India set to skip buying Russia’s ESPO crude in Sept as freight costs jump

Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said. Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said. India, which rarely used to buy Russian oil, has emerged as Moscow’s second biggest oil customer after China since Moscow’s invasion of Ukraine in late February. Refiners in India have ...

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Germany broadens crude import horizons as Russian flows dry up

Germany, Europe’s biggest oil consumer, has more than doubled its sources of imported crude in recent months, according to shipping data, as its refiners increasingly hunt for alternatives to Russia’s medium sour Urals crude in the wake of the Ukraine war. In addition to boosting seaborne crude imports from existing suppliers Norway and the US, German refiners have turned to crudes from Canada, Algeria, Saudi Arabia, Cameroon and Libya in recent months as supplies of piped medium sour Russian oil dwindle, according to vessel analytics provider Kpler. Rare crude imports ...

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