U.S. exports of liquefied natural gas (LNG) fell in May to 7.66 million tonnes from a record 8.01 million tonnes in April as plant maintenance curbed some output and weaker prices in Europe cut flows to the region, shipping data showed. U.S. LNG exporters reduced cargoes to Europe last month while more LNG was delivered to Asia and Latin America, partially offsetting the European weakness, according to Refinitiv Eikon preliminary vessel tracking data. Asia LNG prices for July delivery have rebounded from earlier declines, making U.S. LNG more attractive for ...

Russian crude oil imports by China and India in May are expected to hit an all-time high as buyers gorged on discounted supplies, reducing demand for oil from the Middle East and Africa, shiptracking data showed. The jump in Russian supplies comes ahead of a meeting between the Organization of the Petroleum Exporting Countries and their allies including Russia on June 4. Producers face some pressure to act to support Brent futures LCOc1 which have fallen 5% this week to about $73 a barrel despite an OPEC+ pledge in April ...

Russia’s Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas (LPG) because of concerns linked to drone attacks, three sources with knowledge of the situation told Reuters on Friday. Russia has come under repeated attack in recent weeks, suffering a major cross-border incursion and drone attacks including on Moscow, oil refineries in southern Russia and a fuel depot near a strategic bridge that links Russia’s mainland with Crimea. Russia says Ukraine was behind the attacks, including on the Kremlin last month. Kyiv denies it. ...

South Korea’s state-backed Agro-Fisheries & Food Trade Corp. in May purchased an estimated 26,800 tonnes of rice expected to be sourced from Vietnam and Thailand in an international tender for up to 43,500 tonnes which closed on April 25, European traders said on Friday. The purchase involved non-glutinous brown long grain rice and short grain rice in a series of consignments for arrival in South Korea in 2023 between July 1 and Sept. 30, they said. Prices ranged between $534.29 and $649.00 a tonne c&f, they said. Source: Reuters (Reporting ...

Iraq exported about 102.46 million barrels of crude oil in May, generating 7.3 billion U.S. dollars in revenue, the country’s Oil Ministry announced Thursday. The average price for Iraqi crude oil in May was 71.3 dollars per barrel, said the ministry in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company. It said crude oil exports during the month were from oil fields in central and southern Iraq via the port of Basra. Iraq’s economy heavily relies on crude oil exports, which account for ...

Ukraine’s combined spring and winter grain crops are still expected to total 44.5 million tonnes this year despite a reduced sowing area, the country’s agriculture minister said on Friday. Ukraine harvested 53 million tonnes of grain in 2022. Mykola Solsky told Reuters the harvest could include 18 million tonnes of winter grains and about 26.5 million tonnes of spring crops. Winter wheat dominates Ukraine’s winter harvest output while corn accounts for the bulk of the spring grain harvest. Ukraine’s deputy farm minister this week said that the spring grain sowing ...

Domestic coal production was 7.10% higher year-on-year at 76.26 million tonne (MT) in May. India had produced 71.21 MT coal during the same month in 2022, the coal ministry said in a statement. “Ministry of Coal has achieved a remarkable feat with a substantial surge in overall coal production during May 23, reaching 76.26 MT surpassing May 22 of 71.21 MT, representing an increase of 7.10%,” it said. The cumulative coal production in April-May FY24 jumped to 149.41 MT from 138.41 MT in the year-ago period. Last month, Coal India ...

Top Philippine coal producer Semirara Mining and Power Corp. SCC.PS said on Thursday it will ship 50,000 tonnes of coal to Japan’s Shikoku Electric Power Co Inc. 9507.T, as it diversifies its export markets and cuts reliance on China. Semirara’s second trial shipment to Japan for Shikoku’s 700-megawatt power station follows its sale of 78,410 tonnes of mid-grade coal to J-Power 9513.T in January, it said in a statement. “China is still our main foreign buyer but with their industrial output growing slower than expected, we want to develop other ...

Commonwealth LNG expects the U.S. Department of Energy (DOE) to approve a license as early as next month that would allow it to export liquefied natural gas (LNG), according to Executive Chairman Paul Varello. The license to sell output to non-Free Trade Agreement countries is crucial to its board reaching a final investment decision (FID) by the end of the year, he said in an interview on the sidelines of an energy export conference in Houston. “We can’t take FID without a Non-FTA permit. DOE is well aware of that ...

Brazil is exporting 178,800 tonnes of soybeans to buyers in the United States, shipping data seen by Reuters showed, as the price of the oilseed in the South American country, the world’s largest soybean supplier, is a bargain even for importers in the No. 2 producing nation. According to May 30 data from Williams, a shipping agency, three vessels loaded with Brazilian soybeans will leave ports in the northern part of the South American nation between June 4 and June 11. Two others departed Brazilian ports last week. The purchases ...

In 2022, annual natural gas consumption in China declined by 1%, or 0.4 billion cubic feet per day (Bcf/d), from 2021, according to data from S&P Global Commodity Insights—the first decline in annual consumption since 1990, according to our International Energy Statistics. Slower economic growth, mainly resulting from widespread lockdowns associated with China’s zero-COVID policies, prompted the drop in natural gas consumption. Government policies also reprioritized energy supply security, including growth in coal production, over emissions targets. China’s natural gas consumption more than tripled from 10.4 Bcf/d in 2010 to ...

Russia’s share in India’s crude imports soared to 19.1 per cent in FY23 (2022-23), up from 2 per cent a year ago, the Reserve Bank of India (RBI) said in its Annual Report FY23 released on Tuesday. The country’s overall import of crude oil rose to $162.2 billion in FY23, up from $107.5 billion, data from the Department of Commerce shows. This 50.7 per cent rise is attributable to Indian refiners getting access to much larger volumes of Russian crude oil over the past one year at highly discounted prices. ...

China’s review into its tariffs on Australian barley is heading in the right direction, Australian Trade Minister Don Farrell said in Canberra on Thursday. “That process is close to completed and the messages I got back from our officials in China was that things are going in the right direction,” said Farrell. Source: Reuters (Reporting by Lewis Jackson Editing by Shri Navaratnam)

Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up to 130,000 tonnes of animal feed wheat, European traders said on Thursday. The deadline for submission of price offers in the tender is also Thursday, June 1. The wheat is sought in two consignments of up to 65,000 from worldwide optional origins but Russia, Argentina, Pakistan, Denmark and China are excluded as sources. The wheat cannot be loaded in ports in Russia and Ukraine. The first consignment is sought for arrival in South Korea ...

Soft wheat exports from the European Union in the 2022/23 season that started in July had reached 28.40 million tonnes by May 27, up 11% from 25.47 million a year earlier, data published by the European Commission showed. EU barley exports so far in 2022/23 totalled 5.93 million tonnes, down 13% from 6.84 million a year ago, while EU maize imports were at 24.34 million tonnes, up 61% against a year-earlier 15.14 million. Due to a technical issue, the weekly data ran up to Saturday, rather than Sunday as normally, ...