Platts Jan News Today

Iran's LPG exports are projected at around 6 million mt in 2022, with China poised to remain the main buyer, and the volume could be higher if the US lifted sanctions imposed by former President Trump on the country's energy secto

Premiums of Far East Russian ESPO Blend crude oil surged in January, beating traders’ estimates, aided by robust buying interest and tight supplies, sources told S&P Global Platts Jan. 27. March-loading barrels of ESPO Blend crude were heard to have been sold via several tenders at premiums of around $4.65/b-$5.10/b to Platts front-month Dubai crude ...

Iran’s LPG exports are projected at around 6 million mt in 2022, with China poised to remain the main buyer, and the volume could be higher if the US lifted sanctions imposed by former President Trump on the country’s energy sector since 2018, sources familiar with the matter said. “The export volume is between 450,000-530,000 ...

European diesel market structure has rallied to a strong backwardation in January, widening further from December, as changing middle distillate yields and trade flows limit diesel supply. Backwardation widens rapidly Intermonth spreads in the ICE low sulfur gasoil futures — the key European futures benchmark for middle distillate markets, and indicator of market strength — ...

Three more carriers laden with thermal coal have left Indonesia for Japan after obtaining permission to do so as of Jan. 19, an official with Japan’s Ministry of Economy, Trade and Industry told S&P Global Platts Jan. 20. These are the latest departures after Indonesian authorities eased a ban on exports. The three coal carriers ...

Three ships loaded with thermal coal have left Indonesia bound for Japan amid uncertainty over three more coal carriers scheduled to leave in January, an official with Japan’s Ministry of Economy, Trade and Industry told S&P Global Platts Jan. 17, after Indonesian authorities eased a ban on exports. Japanese power utilities are closely assessing the ...

Japan intends to explore 1.4 Tcf of estimated recoverable natural gas reserves offshore Shimane and Yamaguchi prefectures in the west that could produce 46.7 Bcf/year of gas after starting output in 2032, an official at the Ministry of Economy, Trade and Industry told S&P Global Platts Jan. 17. The move follows “considerable gas shows” in ...

Indonesia may release an additional 22 ships with thermal coal for export, subject to an approval by the ministry of energy, according to a letter seen by S&P Global Platts Jan. 17. The country released 34 ships in the week ended Jan. 15 following verification by government officials, two weeks after it banned coal exports ...

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Chinese oil companies are focusing on the strengthening Asian market amid weak demand at home, aiming to boost jet fuel exports above 1 million mt in January, while cutting gasoil outflows due to lower 2022 export quotas, trade and refinery sources told S&P Global Platts Jan. 10-12. The country’s oil companies are likely to ship ...