Ukraine’s grain exports were down 48.6% year on year at 1.23 million tonnes so far in the 2022/23 season, the agriculture ministry said on Friday. Grain exports for the 2021/22 season ending June 30 rose 8.5% to 48.5 million tonnes, driven by strong shipments before Russia invaded Ukraine on Feb. 24. Ukraine’s grain exports have slumped since the start of the war 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 volume of grain Ukraine will have available for export over the coming year and whether those shipments can run smoothly remains to be seen, though optimism has increased with the first sea departure of a grain vessel since Russia’s invasion. Estimates across the industry still vary on harvest potential, but there are suggestions, including from Kyiv, that the grain crop could be larger than previously thought. A ship carrying about 26,000 tonnes of Ukrainian corn left the Black Sea port of Odesa Monday headed for Lebanon following the export ...

Qatargas Operating Company Limited (Qatargas) has delivered a commissioning liquefied natural gas (LNG) cargo to Thailands newest LNG receiving terminal, LMPT2 Map Ta Phut LNG Terminal, located in Rayong Province of Thailand, West of Map ta Phut Port. The commissioning cargo was loaded in Ras Laffan on 04 June 2022 on the Q-Flex LNG vessel, Al Oraiq, with an overall cargo carrying capacity of 210,000 cubic meters. It arrived at LMPT2 Map ta Phut LNG terminal on 18 June 2022, Qatargas said in a press release. Qatargas has established a ...

Stronger gasoil export margin, and slower than expected domestic demand recovery is likely support China to increase outflow of the barrel to over 1 million mt (240,000 b/d) in August, which can be a one-year high, refinery sources with knowledge about the matter and analysts said on Aug. 4. At the same time, Chinese refineries are likely to cut gasoline exports to as low as 400,000 mt this month from an average of about 930,000 mt in the first half of the year, while jet fuel outflows as the usual ...

India has eased coal import targets for utilities, according to a notice from the power ministry reviewed by Reuters, setting aside a target for them to import 10% of their coal needs and marking yet another reversal in energy policy. State government-run utilities and private power producers should instead decide by themselves how much coal they need to import, according to the notice, which was sent to government officials and private utilities on Aug 1. “It has been decided that now onwards, states/independent power producers and Ministry of Coal may ...

The Taiwan Flour Millers’ Association purchased an estimated 50,910 tonnes of milling wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. The wheat was bought in one consignment comprising various wheat types for shipment from the U.S. Pacific Northwest coast between Sept. 21 and Oct. 5. Source: Reuters (Reporting by Michael Hogan)

Bulgaria’s energy ministry will launch a tender next week for liquefied natural gas (LNG) to prevent shortages during the peak demand winter season, caretaker Prime Minister Galab Donev said on Thursday. The European Union’s poorest member state met more than 90% of its gas needs from Russian gas imports until April 27, when Russia’s Gazprom GAZP.MM turned off supplies after Bulgaria refused to meet Moscow’s demand for payment in roubles. “Next week the energy ministry will announce a tender for short-term deliveries of liquefied natural gas so that consumption until ...

India is potentially looking to introduce certain measures to contain soaring domestic wheat prices, an indication the country could enter global wheat markets as a buyer in a move that could further tighten supplies and boost FOB prices at key global exporters, sources told S&P Global Commodity Insights Aug. 4. While there was no official confirmation about the measures, trade bodies have been meeting with the government to find ways to tame prices, S&P Global has learned. Among the measures the government is mulling include a reduction in import duty ...

Loadings of Kazakhstan’s flagship CPC Blend crude, which can amount to 1.5 million b/d, have been significantly reduced due to disruptions including a repair at the connection point between the CPC pipeline and the largest source of the crude, the Tengiz field, the pipeline operator said Aug. 3. The reduction, the latest in a series of disruptions to CPC supply in recent months, was not immediately confirmed by the upstream operators involved. In a statement, the CPC consortium said repairs were taking place at the entry point at the “head” ...

German natural gas import costs rose by 160% in the first five months of 2022 from a year earlier, even though imports were down by 22.9%, official data showed on Wednesday. Europe’s biggest economy mainly imports gas from Russia, Norway, the Netherlands, Britain and Denmark, but has turned more to liquefied natural gas (LNG) since the Ukraine crisis. The May statistics from Germany’s foreign trade office are the third to reflect the impact of Russia’s invasion of Ukraine, which began on Feb. 24, and Western sanctions against what the Kremlin ...

India’s soyoil imports in July more than doubled from a month ago to a record high as refiners ramped up purchases to take advantage of New Delhi’s move to allow duty free imports of the vegetable oil to calm all-time high prices, five dealers said. Higher soyoil purchases by the world’s biggest edible oil importer will support U.S. soyoil prices BOc1, but will dent rival palm oil’s FCPOc3 share in Indian buying and force Malaysian and Indonesian sellers to offer discounts to regain the market share, trading sources said. The ...

Bangladesh will reduce imports of 0.005% sulfur gasoil by at least 20% within the next one year, as part of the country’s austerity drive to trim fuel oil purchases and save foreign exchange reserves, said Khaled Ahmed, the director of operations and planning at Bangladesh Petroleum Corp., or BPC. The country’s energy and mineral resources division under the Ministry of Power, Energy and Mineral Resources has already instructed BPC to reduce gasoil imports by at least 20% by June 2023, Ahmed told S&P Global Commodity Insights on Aug. 3. Bangladesh ...

Romania’s wheat harvest is large enough to cover its domestic needs and ensure a surplus for exports, Agriculture Minister Petre Daea said on Wednesday, with 96% of the crop reaped so far. High temperatures and prolonged drought have affected crops, particularly maize and sunflower seeds, across the country and preliminary ministry data on Wednesday showed damage to 205,257 hectares out of roughly 7 million of grain and oil-producing crops. Romania is among the largest grain sellers to the European Union and an active exporter to the Middle East. It reaped ...

Romania’s wheat harvest is large enough to cover its domestic needs and ensure a surplus for exports, Agriculture Minister Petre Daea said on Wednesday, with 96% of the crop reaped so far. High temperatures and prolonged drought have affected crops, particularly maize and sunflower seeds, across the country and preliminary ministry data on Wednesday showed damage to 205,257 hectares out of roughly 7 million of grain and oil-producing crops. Romania is among the largest grain sellers to the European Union and an active exporter to the Middle East. It reaped ...

Iraq exported 102.38 million barrels of crude oil in July at revenues of 10.6 billion U.S. dollars, said the Iraqi Oil Ministry on Monday. The average price for crude oil in July was 103.6 dollars per barrel, according to a ministry statement, citing statistics from the State Organization for Marketing of Oil. A total of 99.96 million barrels were exported from oil fields in central and southern Iraq via the Port of Basra, while about 2.34 million barrels from the northern province of Kirkuk via the Turkish port of Ceyhan ...