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Rising Asia temperatures bode well for US LNG export prospectsby hellenicshippingnews… on 12 June 2025 at 10:00 am
U.S. exports of LNG are already at record highs so far in 2025, but forecasts for above-average temperatures across key Asian import markets could lift them even higher this summer. Average temperatures for Japan, South Korea and China are all forecast to hold above normal through the end of August, likely boosting use of power-hungry …
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Western sanctions disrupt Russian diesel flows to Brazilby hellenicshippingnews… on 12 June 2025 at 10:00 am
Recent Western sanctions could hurt Russia’s capability of exporting clean petroleum products to Brazil in the short term, opening up trade opportunities for product tankers in the US and Asia, Milan-listed d’Amico International Shipping CEO Carlos Balestra di Mottola said in a recent interview. Among some of their largest enforcement actions to undermine Moscow’s war …
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Ukraine targets Middle East for grains exports as EU quotas set inby hellenicshippingnews… on 12 June 2025 at 10:00 am
Ukrainian traders are looking to increase grains exports to the Middle East as their tariff-free access to the European Union’s market has expired, according to the chief executive of a business that supplies grains to Jordan. The EU waived duties and quotas on Ukrainian agricultural goods following Russia’s invasion of Ukraine three years ago, but …
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China’s US exports to rebound on front-loading before Augustby hellenicshippingnews… on 12 June 2025 at 10:00 am
China’s exports to the US are expected to rebound in June as exporters ramp up frontloading efforts before the 90-day trade truce between the two global economic superpowers expires in August. • China May exports to US shrink 34.5% year on year • China’s imports from the US fall by 18.6% • US-bound freight rates …
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CPC pipeline daily oil supplies in May down 6% from Aprilby hellenicshippingnews… on 11 June 2025 at 9:00 pm
The Caspian Pipeline Consortium (CPC) reduced daily oil pumping in May by 6% from April to 5.906 million metric tons (1.51 million barrels per day), according to an industry source and Reuters calculations. CPC, which carries more than 80% of all Kazakh oil exports, connects the Tengiz field in western Kazakhstan and several others with …
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EU countries consider softening methane emissions law on gas importsby hellenicshippingnews… on 11 June 2025 at 9:00 pm
European Union countries may demand that Brussels simplify the EU’s methane emissions law, which has stoked concerns from companies that it could hamper imports of U.S. liquefied natural gas, according to a document seen by Reuters. From this year, the EU requires importers of oil and gas to monitor and report the methane emissions associated …
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First crude from Guyana’s fourth platform to be exported in August-Septemberby hellenicshippingnews… on 11 June 2025 at 9:00 pm
The first crude cargo from Guyana’s fourth oil production facility, which arrived in the country in April and is being installed, is set to be exported between late August and early September, the government told Reuters on Tuesday. A consortium by U.S. companies Exxon Mobil XOM and Hess HES and China’s CNOOC 600938 controls all …
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US EIA slashes ethane export outlook for 2025, 2026 amid curbs on exports to Chinaby hellenicshippingnews… on 11 June 2025 at 9:00 pm
U.S. ethane exports will fall by 24% in 2025, while production of the shale gas will decline by 4%, the U.S. Energy Information Administration said on Tuesday, after Washington requested U.S. exporters seek licenses to ship ethane to top buyer China. Around half of all U.S. ethane exports head to China, and the license requirement …
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US biodiesel, renewable diesel net imports to drop in 2025 due to tax credit change, EIA forecastsby hellenicshippingnews… on 11 June 2025 at 9:00 pm
The U.S. will significantly reduce the amount of biodiesel and renewable diesel it imports this year because of a federal tax credit change, the Energy Information Administration forecasted on Tuesday. The tax credit change, known as Section 45Z and established under former President Joe Biden’s signature Inflation Reduction Act, replaced a flat $1 per gallon …
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China’s imports of major commodities hiccup in Mayby hellenicshippingnews… on 11 June 2025 at 10:00 am
China’s imports of major commodities lost momentum in May, with crude oil, coal, iron ore and copper all recording declines amid concerns about growth in the world’s second-biggest economy. Only imports of natural gas showed any improvement, with May’s 10.11 million metric tons slightly ahead of the 9.67 million in April, although they were still …
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Saudi crude oil supply to China to dip in July, sources sayby hellenicshippingnews… on 11 June 2025 at 10:00 am
Saudi Arabia’s crude oil supply to China is set to dip slightly in July, trade sources said on Tuesday, but still strong for a third straight month as the OPEC kingpin regains its market share supplying the world’s top crude importer. State oil firm Saudi Aramco 2222 will ship about 47 million barrels to China …
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Japan imports first Russian oil cargo since 2023 to support Sakhalin LNG flowsby hellenicshippingnews… on 11 June 2025 at 10:00 am
Japanese refiner Taiyo Oil has taken a cargo of Sakhalin Blend crude, the country’s first delivery of Russian oil since early 2023, in a bid to support stable LNG supplies from the related Sakhalin 2 project that provides about 10% of Japan’s domestic LNG needs. Taiyo Oil is taking delivery of 600,000 barrels of Russia’s …
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China May iron ore imports fall on expectations of seasonally slow demandby hellenicshippingnews… on 10 June 2025 at 9:00 pm
China’s iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of seasonally slower steel consumption. The world’s largest iron ore consumer brought in 98.13 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs showed on …
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China May soybean imports hit record high of 13.92 million metric tonsby hellenicshippingnews… on 10 June 2025 at 9:00 pm
China soybean imports hit a record high of 13.92 million metric tons in May, customs data showed on Monday, more than double the volume imported in April, as customs clearance speeds returned to normal and the operating rate of crushing plants recovered. Imports had plunged to a 10-year low of 6.08 million metric tons in …
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China’s copper concentrate imports fall 18% in May from April recordby hellenicshippingnews… on 10 June 2025 at 9:00 pm
China imported 2.4 million metric tons of copper concentrate in May, data showed on Monday, falling 18% from April’s record even as smelters sustained output levels on robust domestic demand as well as to capitalise on elevated prices of by-products. Imports rose 5.8% versus the same month a year earlier, data from the General Administration …
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Kazakhstan raises oil exports to Germany by 48% y/y in January-Mayby hellenicshippingnews… on 10 June 2025 at 9:00 pm
Kazakhstan’s oil exports to Germany via Russia’s Druzhba pipeline jumped in January-May by 48% year-on-year to 767,000 tons (37,000 bpd), Kazakhstan’s pipeline company Kaztransoil said on Tuesday. Reuters used a barrels per ton ratio of 7.33. Supplies through the Druzhba pipeline in May alone totalled 230,000 tons, the company said. According to the company, oil …
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Taiyo Oil buys first Russian crude in more than two years on government requestby hellenicshippingnews… on 10 June 2025 at 9:00 pm
Japanese refinery Taiyo Oil has bought its first Sakhalin Blend crude from Russia in more than two years at the Japanese government’s request, it said on Tuesday, to help ensure the stability of a plant also supplying Japan with liquefied natural gas. Japan last imported Russian crude in February 2023, trade data showed, after Tokyo …