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Russia’s oil export duty seen rising to $137.5/T in October

Russia’s oil export duty CL-EXPDTY-RU is expected to rise to $137.5 per tonne in October from $130.0 a tonne in September, data from the finance ministry showed on Monday. The level of the duty is calculated by the finance ministry and is based on the monitoring of seaborne Urals URL-E URL-NWE-E crude oil prices from Aug. 15 to Sept. 14. Export duty per tonne, in U.S. dollars: October September RICs Average price for 74.46 71.05 URL-NWE-E calculation (barrel) URL-E Average price (tonne) 543.5 518.7 URL-NWE-E URL-E Crude oil 137.5 130.0 ...

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S.Korea’s August coal imports down 3.0 pct y/y

South Korea’s coal imports fell 3.0 percent to 11.0 million tonnes in August compared with a year earlier, according to customs data released on Saturday. Total coal imports are composed of steam coal for power generation and coking coal for steel production. Details of total imports in August are as follows: (in tonnes/ in $/T) August 2018 August 2017 Australia 3,289,112/ $123.07 4,061,577/ $103.87 Indonesia 2,807,490/ $ 71.97 2,783,174/ $ 60.75 Russia 2,755,723/ $107.53 2,355,650/ $ 81.80 Canada 961,188/ $151.90 741,723/ $108.41 South Africa 581,795/ $100.13 488,123/ $ 83.65 Colombia ...

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Crude oil export, transit from Russia to rise by 1 pct in Q4 – schedule

Russia aims to increase crude oil export and transit in the fourth quarter of 2018 to 63.8 million tonnes from 63.3 million tonnes planned for July-September, according to the Russian Energy Ministry’s quarterly schedule seen by Reuters. As a result, Russia plans to increase crude oil export and transit by 1 percent on a daily basis, according to Reuters’ calculations. Russia plans export and transit of 19 million tonnes of crude oil via its Baltic ports in October-December, little changed from the 19.1 million tonnes planned for July-September, the document ...

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Cheniere and Vitol Sign 15-Year LNG Sale and Purchase Agreement

Cheniere Energy, Inc. announced that its subsidiary Cheniere Marketing, LLC has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Vitol Inc. (“Vitol”). Under the SPA, Vitol has agreed to purchase approximately 0.7 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis for a term of approximately 15 years beginning in 2018. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee. “We are pleased to announce this long-term SPA with Vitol, one of ...

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Germany says gas market open as U.S. eyes LNG exports

Germany’s gas market is open to all market participants, a government spokeswoman said on Monday after a newspaper reported that U.S. firms expect to start delivering liquefied natural gas (LNG) to Germany in four years at the latest. Deputy U.S. Energy Secretary Dan Brouillette told Bild that LNG deliveries from U.S. companies would challenge Russia, which now accounts for 60 percent of German gas imports. “U.S. liquefied natural gas is coming to Germany. The question is not if, but when,” Brouillette told the mass circulation daily Bild in an interview ...

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Azerbaijan’s Jan-Aug gas exports from Shah Deniz I rise 4.4 pct y/y

Exports from the first stage of Azerbaijan’s giant Shah Deniz gas field stood at 4.990 billion cubic metres (bcm) in January-August this year, up 4.4 percent from a year earlier, the State Statistics Committee said on Monday. Gas from Shah Deniz I is exported through the South Caucasus pipeline. Export volumes from Shah Deniz I, operated by an international consortium led by BP, were 7.314 bcm in 2017. Azerbaijan’s gas exports through all pipelines totalled 15.040 bcm in January-August this year. The European Union is trying to reduce its dependence ...

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Iran: Exports of steel products up 5%

Iran exported over 3.107 million tons of steel products during the five-month period from March 21 to July 21, an increase of five percent from the same time span last year. Meanwhile, the country’s nine major steel companies exported 483,510 tons of steel products during the mentioned period, down 24 percent from last year’s figure, IRNA reported. The value of the country’s minerals and mining industry exports stood at $3.763 billion in the first four months of the current Iranian calendar year (March 21-June 21). Iran exported over $10.7 billion ...

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U.S. aims to start LNG deliveries to Germany in four years – Bild

U.S. companies expect to begin delivering liquefied natural gas (LNG) to Germany in four years at the latest and will challenge Russia which now accounts for 60 percent of German gas imports, the deputy U.S. energy secretary told a German newspaper. “U.S. liquefied natural gas is coming to Germany. The question is not if, but when,” Dan Brouillette told the mass circulation daily Bild in an interview published on Monday. U.S. President Donald Trump in July accused Germany of being a “captive” of Russia due to its energy reliance and ...

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Saudi Arabia’s SAGO buys wheat 630,000 tonnes of wheat

Saudi Arabia’s main state grain buyer, the Saudi Grains Organization (SAGO), said on Monday it had bought 630,000 tonnes of wheat in an international tender. The wheat was purchased at an average price of $270.22 a tonne, SAGO said. Origins offered were the European Union, North America (excluding Canada), South America and Australia, with the seller having the option of selecting the origin supplied, SAGO governor Ahmad Al-Fares said in a statement. The purchase comprises six consignments to be shipped to the port of Jeddah, three to Dammam and one ...

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Top Palm Buyer Seen Cutting Imports for Fourth Month on Rupee

India’s palm oil imports probably dropped for a fourth month in August as a collapse in the currency of the world’s biggest buyer lowered demand. Purchases declined 2.1 percent from a year earlier to 850,863 metric tons, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts. The Solvent Extractors’ Association of India is expected to release trade numbers in the middle of September. A weaker rupee discouraged some Indian buyers from purchasing palm oil, said Sandeep Bajoria, chief executive officer of Sunvin Group, ...

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Sokol crude oil loadings from Sakhalin-1 set at 1.1 mln t for November

Russia’s Sakhalin Sokol crude oil loadings from De-Kastri terminal in the Sakhalin-1 project are planned at 1.1 million tonnes for November, unchanged from the October plan, according to a preliminary loading schedule seen by Reuters. * India’s ONGC Videsh has sold a cargo of Russian Sokol crude loading in November at the highest premium in four months, boosted by robust demand in Asia ahead of peak winter consumption, trade sources said on Thursday. * Sokol crude oil is produced on the Sakhalin-1 project operated by Exxon Neftegaz Limited. Sakhalin-1 shareholders ...

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Global seaborne coal trade grows 4% in January-August

Global coal shipments grew by 3.8% – or by 30.6m tonnes – during the first eight months of the year to 835.5m tonnes, shipbroker Arrow said on Friday, citing vessel tracking data. “Growth was once again driven by strong demand from the Asia-Pacific countries, led by China and India,” it said in a note. “Other developing countries in the region, such as Pakistan and Vietnam, also saw strong growth as their energy consumption continue to grow rapidly and they depend heavily on the coal-fired capacity for power generation”. Imports into ...

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Japan buyer loads last Iranian oil cargoes as US sanctions deadline nears

A Japanese buyer has loaded what appears to be the last Iranian oil cargoes for arrival in early October, ahead of US sanctions, as local importers step up procurements from alternative sources, market sources say. VLCC Yufusan is scheduled to arrive Japan on October 3 after loading oil at Assaluyeh and Kharg Island in Iran and Mina Al Ahmadi in Kuwait, according to S&P Global Platts trade flow software cFlow. A Shipping source said that the VLCC is arriving Japan in early October after having loaded Iranian oil. Japan’s imports ...

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India’s Iran oil purchases to fade ahead of U.S. sanctions

Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November. India’s loadings from Iran for this month and next will drop to less than 12 million barrels each, after purchases over April-August had been boosted in anticipation of the reductions. The United States is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran ...

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Asia eyes Argentine wheat as drought curbs Australian output

Asian flour millers are expected to seek rare wheat shipments from Argentina in coming months as a second year of drought in traditional supplier Australia curbs supplies. At present, Asian wheat importers, including the world’s biggest buyer Indonesia, are buying most of their wheat from the Black Sea region. But Russia and Ukraine are expected to run out of surplus supplies by the end of the year due to a fall in output and strong demand for exports, forcing buyers are seek shipments from alternative origins, traders and analysts said. ...

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