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U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

-Exports of natural gas by pipeline are the largest component of U.S. natural gas trade, accounting for 40% of all U.S. gross natural gas exports in 2019. EIA expects these exports to increase with the completion of the southern-most segment of the Wahalajara system, the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline. VAG began operations in June 2020, connecting new demand markets in Mexico to U.S. natural gas pipeline exports. The Wahalajara system is a group of new pipelines that connects the Waha hub in western Texas, a major supply hub for ...

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China Is Unlikely to Meet Purchase Targets for U.S. Energy

Economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its targets to buy U.S. goods under this year’s trade deal — with energy emerging as the biggest casualty. China has made strides toward its agricultural and manufacturing targets, but it remains far behind — maybe hopelessly far — an ambitious target for purchases of oil, natural gas, refined petroleum products like propane and butane, and coal, prompting concerns from the U.S. energy industry which is encouraging the U.S. Trade Representative to increase pressure on China ...

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Russia increases steel import from Turkey

Export of steel from Turkey to Russia grew by 3.63 percent from January through May 2020 compared to the same period in 2019, having reached $29.8 million, Turkey’s Ministry of Trade told Trend . In May 2020, steel exports from Turkey to Russia decreased by 33.72 percent compared to May 2019, and stood at $5.4 million. Export of steel from Turkey to world markets dropped by 22.9 percent in the first 5 months of 2020 compared to the same period of 2019 and amounted to $4.8 billion. According to the ...

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Pakistan’s Energas seeks approval to start spot LNG imports

Pakistan’s Energas has sought government approval to start importing LNG cargoes from July as the country looks to buy cargoes from the spot market to plug its energy deficit, Energas CEO Anser Ahmed Khan told S&P Global Platts. “We are waiting for a final nod from the regulator, allowing our company to import LNG,” Khan said June 26. He added that this would allow Energas to place prompt LNG cargoes into the primary capacity owned by the government, which is currently unutilized, thereby reducing the government’s cash liabilities. The company ...

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Sweeter, lighter, cheaper: refiners seek oil to meet rising gasoline demand

With more cars taking to the roads as coronavirus lockdowns ease, demand for lighter, sweeter oil more suitable for refining into gasoline is ticking up. European refiners especially are moving away from sour varieties like Russian Urals, which have risen in price since a supply cut pact by producer countries made the grades scarcer, towards althernatives like U.S. West Texas Intermediate (WTI), West African grades, CPC Blend and Azeri oil. “Many discounted barrels from the U.S. are arriving in Northwest Europe,” one European importer of both Nigerian and U.S. oil ...

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CHINA DATA: Congestion prevents independent refineries from discharging US crude in June

Multiple cargoes carrying US crude oil arrived in Chinese waters in June as independent refiners resumed North American oil purchases in recent trading cycles, but the ongoing port congestion has significantly delayed the feedstock deliveries to the refining complex, according to market information collected by S&P Global Platts. As of July 3, four cargoes of US crudes totaling 631,000 mt were waiting in a long queue to be discharged and had been there since early June. As a result, not a single drop of US oil was delivered to the ...

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Global coffee exports fall 14.6% in May – ICO

Global coffee exports fell 14.6% in May from a year earlier to 10.49 million 60 kg bags, the International Coffee Organization (ICO) said in a monthly report on Friday. The inter-governmental body said, however, that May volumes were the third highest on record for the month of May and follow unusually high shipments last year. Arabica coffee exports totalled 6.43 million bags in May, down 19.7% from a year earlier. Robusta coffee exports fell 5.2% to 4.06 million bags. For the first eight months of the season, exports were down ...

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US coal exports drop to 3.5-year low in May: Census

US coal exports tumbled to a 3.5-year low 4.28 million mt in May, as metallurgical and bituminous coal both saw declines, while subbituminous exports rose on the month, according to US Census Bureau data released July 2. May coal exports were down 13.9% from 4.97 million mt in April and the lowest since 3.88 million mt was exported in September 2016. Thermal exports fell to 1.58 million mt in May, down 14.6% from April and 54.2% lower year on year. Year-to-date thermal exports are at 10.96 million mt, down 35.6% ...

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Aramco Trading sells crude from Malaysia as refinery remains shut: sources

Aramco Trading Co (ATC), has sold close to 10 million barrels of crude oil it held around Malaysia since its joint venture refinery with Petronas was shut in March following a fire, four trade sources said. ATC’s crude sales come as spot demand and prices have improved on tighter supplies after the Organization of the Petroleum Exporting Countries and its allies including Russia cut output by a record 9.7 million barrels per day (bpd). A fire killed five people in March at the Pengerang Integrated Complex (PIC) in Malaysia’s southern ...

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IRAQ DATA: June crude exports tumble, show progress on OPEC+ compliance

Iraq’s crude oil exports, including from the Kurdistan region, fell to 3.083 million b/d in June — a 497,000 b/d drop from May and the lowest since October 2015 — indicating it is making significant progress on implementing its OPEC+ production cut. The June total, derived from oil ministry data and shipping reports from the Turkish port of Ceyhan, comprises 2.816 million b/d of federally controlled crude exports and 267,000 b/d of crude exported by the Kurdistan Regional Government via Ceyhan. That is down from 3.212 million b/d and 368,000 ...

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China’s June crude imports at independent refineries dip amid congestion

Chinese independent refineries’ June crude imports edged down 0.5% to 4.4 million b/d, or 18 million mt, in June from the record high of 4.42 million b/d in May as Zhejiang Petroleum & Chemical could only manage to take in half of its feedstock tanker arrivals due to port congestion. ZPC received about 2.85 million mt of crude arrivals in June, according to market information collected by S&P Global Platts on July 3. However, the 20 million mt/year refinery only managed to take in 1.35 million mt of crude in ...

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Malaysia worries new EU food rules could hurt palm oil exports

Malaysia’s massive palm oil industry has warned that the European Union’s (EU) recent proposal to make its food industry more sustainable could eventually lead to stricter regulations for imports of the world’s most-consumed vegetable oil. The Malaysian Palm Oil Council (MPOC) is worried that the EU, which is pushing for a “fair, healthy and environmentally-friendly food system” as part of its 2030 climate target plan, could decide to implement its own sustainability standard for palm oil. The EU, the third-largest buyer of Malaysian palm oil, announced a so-called “Farm to ...

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Buying trend, demand woes stack against 2019-20 Brazil corn export forecast

Corn exports from Brazil in the new marketing season that began in February are off to a slow start compared with the last season, and likely to miss the current forecast by the country’s agricultural agency Companhia Nacional de Abastecimento, or Conab. Brazil exported 864,235 mt of corn during February-May as against 3.73 million mt during the same period last year, according to Brazil’s customs data. The corn exports so far in 2019-20 have been the lowest since 2012, primarily due to low stocks after Brazil exported a record crop ...

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Brunei LNG offers cargo for August delivery into North Asia -sources

Brunei’s liquefied natural gas (LNG) export plant has offered a cargo for delivery in August, two industry sources said on Friday. The cargo was offered on a delivered ex-ship (DES) basis for delivery into North Asia over August 16 to 17, they said, with bids due by July 3. Source: Reuters (Reporting by Ekaterina Kravtsova in London and Jessica Jaganathan in Singapore; Editing by Tom Hogue)

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UAE provides nearly a third of Japan’s crude oil needs in May

Japan’s imports of crude oil from the UAE amounted to almost a third of its oil imports at 32 percent, or 22.6 million barrels, data from Agency for Natural Resources and Energy in Tokyo showed. The agency, part of the Japanese Ministry of Economy, Trade and Industry, reported that Japan imported 70.7 million barrels during May, of which 93 percent, or 65.7 million barrels, was pumped by Arab countries. “This shows Japan’s increasing dependence on Arab oil to meet the needs of its economy,” it added. The figures cited represent ...

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