RSS News

Talos Energy has made two US deepwater Gulf of Mexico discoveries, both containing oil and natural gas, during consecutive drilling operations in late 2022, the small offshore operator said. Both the Lime Rock and Venice prospects are located several miles from the company’s 100%-owned Ram-Powell production hub located in the Viosca Knoll area of the […]

US imports for consumption of concrete reinforcing bars totaled 56,798 mt in November, down 34.5% from October, according to the most recent US Census data. Imports are expected to remain limited as buyers continued to pass on foreign offers for larger tonnage due to uncertainties around demand and domestic prices, which shorter lead times have

European refiners turned to crude grades from Norway, the US, Saudi Arabia, Guyana, and Azerbaijan in 2022 to plug the growing gap left by Russian imports sidelined by Western sanctions on Moscow, according to tanker tracking data. Russian seaborne crude imports into the EU, Norway and the UK shrank by 80% or 1.36 million b/d

Lithium mine developer CleanTech Lithium has completed the scoping study for its Laguna Verde lithium project in Chile, which estimated that the project could produce 20,000 mt/year of lithium carbonate over a 30-year operating life, it said Jan. 5. The study also determined a construction period of one and a half years, a direct lithium

Asian palm prices are expected to be rangebound in 2023 after a volatile 2022 despite Malaysia entering the year with low stocks and China’s used cooking oil exports set to increase to Europe and even extend to the US. The biodiesel market was marked by a rapid change in fortune in 2022 as palm prices

With Ukraine’s steel production infrastructure destroyed, idled or under Russian control, the Black Sea export market is unlikely to return to pre-war patterns any time soon and prices in the region will predominantly reflect Russian exports for the foreseeable future, market sources have told S&P Global Commodity Insights. Ukrainian steel exports to the spot market,

China is close to lifting a more than two-year-old unofficial ban on Australian thermal and coking coal imports for its power and steel plants, as the country looks to expand its procurement origins and reduce trade flow disruptions following the Russia-Ukraine war, several market sources in China, Singapore and Indonesia told S&P Global Commodity Insights

Oil product stockpiles at the UAE’s Port of Fujairah dropped 1.5% in the week ended Jan. 2, after exports for 2022 reached the second-highest on record, according to Fujairah Oil Industry Zone and Kpler data. Total inventories were at 20.349 million barrels as of Jan. 2, a two-week low, the FOIZ data provided exclusively to

Mixed outlooks and cautious optimism set the tone for the primary P1020 European aluminum market this year, following 12 months marked by overbooking and volatile supply, which have resulted in a more wary tone and altered buying habits. European duty-paid premiums were assessed unchanged through the week ended Dec. 30 at London Metal Exchange cash

China would aim to contain its steel production growth in 2023 and focus more on environmental-friendly capacity swaps, but it remains keen on making capacity investments in ASEAN countries to keep its behemoth steel industry running, information gathered from sources by S&P Global Commodity Insights show. In 2022, China commissioned about 30 million mt/year of