Oil Slips as Traders Weigh Up Saudi Price Cuts, G-7 Crude Ban
G-7 Leaders Commit to Banning Imports of Oil From Russia Oil dipped as investors weighed a pledge by the Group of Seven nations to ban imports of Russian supplies against Continue Reading
Japan to ban ‘in principle’ Russian oil imports following G7 pledge: Prime Minister
ENEOS, Idemitsu suspend signing new Russian oil import contracts Russian supply accounts for 4% of Japan’s oil imports Japan will ban “in principle” Russian oil imports following the latest commitment Continue Reading
China’s April soybean imports slide on year
Jan-Apr imports down 1% on year to 28.36 mil mt Crush margins negative on poor hog margins China’s soybean imports in April fell 8.5% year on year to 8.08 million Continue Reading
China’s April steel exports miss trade estimates, unlikely to improve in May
Exports at 4.9 mil mt, down from estimated 6 mil-7 mil mt Logistics hurdles to weigh on buyers’ enthusiasm China’s finished steel exports rose 0.7% on the month to 4.977 Continue Reading
India Buyers Grab Discounted Russia LNG Shunned by Rest of World
India’s liquefied natural gas importers are purchasing extra volumes from Russia at a discount as most other spot buyers shun the fuel. Companies including Gujarat State Petroleum Corp. and GAIL Continue Reading
China’s Iranian oil imports ease on poor margins, lure of Russian oil
April imports estimated at 650,000 bpd – Vortexa Q1 Iran exports average 840,000 bpd, almost all to China – Kpler Independent refiners face shrinking margins Displaced Russian Urals crude heading Continue Reading
‘Go home!’ COVID-hit Shanghai, Beijing tell residents to avoid social contacts
China’s two biggest cities tightened COVID-19 curbs on their residents on Monday, raising new frustration and even questions about the legality of its uncompromising battle with the virus. As authorities Continue Reading
Analysis: Shanghai COVID crisis puts political spotlight on key Xi ally
If Shanghai Communist Party chief Li Qiang has been politically bruised by the city’s struggle to tame a COVID-19 outbreak that has infuriated residents and caused severe economic damage, there Continue Reading
China’s Imports From Russia Hit Record on Energy Price Rises
Chinese imports from Russia surged to a record in April, likely due to soaring global energy prices, while exports fell to the lowest level since the early months of the Continue Reading
Calf Canyon fire in New Mexico spreads as strong winds blow
Strong winds continued into the day Sunday, helping spread the second-largest wildfire on record in New Mexico farther into small farming communities in the state’s mountain valleys, as crews expect Continue Reading