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India’s sharp revival in gasoline appetite to surpass even pre-pandemic levels has prompted its refiners to increasingly queue up to import lighter crudes in recent months, but the fourth quarter could see a tilt in the balance in favor of heavier grades as gasoil demand growth is expected to pick up speed. Traditionally, Indian refineries ...
Crude oil markets started the Oct. 18-22 trading week on a bullish note as the supply-demand outlook remained supportive for prices amid a continued easing in pandemic movement and border restrictions around the world, while investors weighed the possibility of a return of Iranian oil. ICE December Brent crude futures stood at $85.80/b at 0300 ...
Consumers around the world will feel the pinch of higher energy prices as demand outpaces supply, increasing the cost of travel, heating and food, S&P Global Platts analysts said. “We are going to see it feeding into all the commodities,” said Chris Midgley, global head of analytics, S&P Global Platts, noting that supply is working ...
The US soybean acreage in marketing year 2022-23 (September-August) is expected to rise with a simultaneous cut likely in corn acreage amid soaring fertilizer prices, according to analysts. As the fertilizer price indexes hit record highs, the input cost pressure on fertilizer-intensive corn planting will be markedly higher than soybeans in 2022, analysts said. As ...
A substantial retreat in global coal and gas prices will be necessary to take the heat off and alleviate China’s power crisis, although domestic measures will provide some near-term respite, analysts and market participants said Oct. 12 Coal and gas traders as well as market participants in the supply chain are not very optimistic that ...