Wednesday

02-07-2025 Vol 19

Category: News

PDVSA to Take Over Production, Refining, and Exporting of Crude Previously Managed by Chevron

Venezuela’s state-owned oil company, PDVSA, has devised three operational strategies to maintain its production and export of heavy oil following…

Foreign CEOs to Gather in China for Major Summit and Xi Jinping Meeting, Sources Reveal

Several foreign CEOs are set to travel to Beijing for a key development conference this month, where some may have…

Asia Distillates: Liquidity Declines as Traders Anticipate April Offers from China

Asia’s middle distillates markets experienced reduced activity after a busy session the previous day. The front-month east-west spread remained tight,…

MOL Energia Secures Long-term Charter of Two New VLECs with SCG Chemicals, ASEAN’s Leading Integrated Chemical Company

Mitsui O.S.K. Lines, Ltd. recently announced that its subsidiary, MOL Energia Pte. Ltd., signed long-term charter contracts with SCG Chemicals…

Dan-Bunkering Executes Union Bulk’s Inaugural Biofuel Operation in Singapore

Dan-Bunkering has successfully conducted Union Bulk’s inaugural bunkering of biofuel in Singapore. This significant operation, executed through a ship-to-ship (STS)…

Sources: China’s Possible Steel Output Reductions Bolster Iron Ore and Steel Markets

China’s consideration of reducing its crude steel production by 50 million metric tons in 2025 compared to 2024 has created…

China’s Global Times Issues Warning: US to Face ‘High Tariffs’ from Other Nations

China’s Global Times has issued a warning that the U.S. economy could face severe repercussions due to retaliatory high tariffs…

April Asian LNG Market Activity Soars as JKM Prices Decline from Recent Peaks

In April, the Platts Market on Close (MOC) for Asian LNG experienced a surge in activity, coinciding with a notable…

Middle East Crude Benchmarks Remain Stable as Basra Discounts Increase

Middle East crude benchmarks remain steady, with the Dubai benchmark showing little change on Tuesday. This stability is supported by…

Iron Ore Prices Stabilize Amid China’s Property Issues and Strong Steel Demand

Iron ore futures experienced a range-bound trading session on Tuesday, as market participants weighed the ongoing challenges in China’s property…