Refined petroleum product export rose 12% in October

Demand in key overseas markets has enabled the continuing rise in the export of refined petroleum products, which jumped 12.7 per cent in October, according to the latest data released by the Petroleum Planning and Analysis Cell (PPAC). Export of refined petroleum products widened in the latest month to 5.1 million metric tonnes (mmt), earning

IEA predicts that fossil fuels may become more affordable and plentiful.

According to the International Energy Agency, the transition to clean energy is expected to be expedited by governments, which could result in fossil fuels becoming substantially more cheap and abundant by the end of the decade. The global energy watchdog has announced the dawn of a new energy era, in which countries have access to

Global Demand for Containers and LNG Vessels Likely to Shrink: VesselsValue

VesselsValue in its latest report predicted that orders for bulkers and tankers will gain momentum, while demand for containers and LNG/LPG vessels will decline. Despite the expected rise in bulker and tanker orders, the overall orderbook will likely shrink due to a surge in deliveries for container and gas vessels. Geopolitical tensions, such as the

Russia’s seaborne diesel exports fall

Russia’s seaborne diesel and gasoil exports are expected to fall in August to the lowest since September 2023 at 2.7 million-2.8 million metric tons due to refinery maintenance and domestic fuel demand, according to LSEG and market data sources. Russia’s refinery runs in August were steady or slightly higher than in July, but diesel production

Marine fuel oil exports from China plunge 32%

China’s exports of marine fuel oil fell 32 percent in March 2024 from the same month a year earlier, reaching 1.32 million metric tons, according to recent data from the General Administration of Customs. Industry sources attributed the stronger export volumes to lower bunker prices at key Chinese ports like Zhoushan and Shanghai, compared to

China’s low-sulphur marine fuel exports up 3%

China’s exports of low-sulphur marine fuels last year rose 3.2% from 2022, data from the General Administration of Customs showed. The rise in exports tracked continued growth in refuelling demand at China’s largest bunker port Zhoushan, while overall bunkering activity also picked up in Asia. Exports of the marine fuel, or very low-sulphur fuel oil

German biodiesel foreign trade increases

German imports and exports of biodiesel increased steadily in the past six years. The Netherlands was the most important trading partner, followed by Belgium and Poland. German exports of biodiesel grew steadily over the past years with the exception of 2021. More specifically, exports rose from 1.61 million tonnes in 2017 to 2.72 million tonnes

US tops in LNG exports

The United States exported more LNG than any other country in the first half of 2023, according to data from CEDIGAZ. US LNG exports averaged 11.6bn cu ft per day during this period, 4% more than in the same period last year, allowing the US to leapfrog past Australia and Qatar in global exports. A

India’s ethanol program will cap future sugar exports

India, the world’s second-largest sugar producer and a major exporter in recent years, will likely have a smaller role in the sugar export market going forward as its government-led ethanol program continues to expand, as per a report named Asia Biofuel Outlook by research firm BMI, a unit of Fitch Solutions. The report said that

Aluminum exports from India may get impacted by CBAM

According to statistics, India has an annual production capacity of primary aluminum of 4.1 million tons, accounting for 6% of total global production, of which 56% is for export