Argus

Tupras wins OMV Galati bitumen tender London, 12 June (Argus) — Turkish refiner Tupras has been awarded a tender by Austria's OMV to supply one 5,000t cargo of bitumen per …

Refinery issues lift French bitumen prices to 4-yr high London, 12 June (Argus) — Domestic bitumen truck prices in France are at their highest levels since 2022, as refinery outages …

Bilateral UN carbon market under scrutiny Berlin, 15 June (Argus) — Bilateral carbon trading under the Paris agreement has come under scrutiny for insufficient environmental integrity at the Bonn climate …

France crop tour: recovery in Сentre-north-west Paris, 15 June (Argus) — The wheat yield outlook for the 2026-27 marketing year (July–June) is showing signs of improvement in central-northwest France, with …

Algeria seeks milling wheat for loading in August London, 15 June (Argus) — Algerian state grains buyer OAIC is looking to buy 50,000t of milling wheat for loading in August, …

Brazil corn: Export market mulls Sao Paulo, 15 June (Argus) — Brazil's export market continues to receive few price indications, as demand remains scarce and uncertainty weighs further on negotiations. …

Phosphates market cautious over Hormuz deal London, 15 June (Argus) — There has been no notable change in the transit of phosphate shipments in and out of the strait of …

SE Asia needs to reassess energy policy: Clarification The energy import bill estimate has been changed to $160bn in paragraph 4, based on a revision to the IEA report. Singapore, …

Japan's Nippon Light Metal, Kobe Steel merge Al units Tokyo, 16 June (Argus) — Japan's Nippon Light Metal and Kobe Steel will integrate their domestic aluminium extrusion businesses, the companies …

SE Asia needs policy rethink for energy security: IEA Singapore, 16 June (Argus) — Energy shipment disruptions arising from the US-Iran war have exposed southeast Asia's structural vulnerabilities and prompted …

Australia's NSW commits $71mn to battery projects Sydney, 16 June (Argus) — Australia's New South Wales (NSW) government will invest A$100mn ($71mn) in large-scale battery storage under the Energy Security …

US Steel invests $2.5bn for Mon Valley upgrade Houston, 10 June (Argus) — US Steel plans to invest up to $2.5bn in upgrades for its Mon Valley Works manufacturing facilities …

USW ratifies Alcoa New York, Indiana contract Houston, 12 June (Argus) — United Steelworkers (USW) union-represented employees of Alcoa's primary aluminum smelters in Massena, New York, and Warrick, Indiana, ratified …

Regulation gap driving low German B100 prices London, 15 June (Argus) — B100 marine biodiesel has been trading at very low prices at German ports this year, primarily — market …

US, Iran contest Hormuz status in talks Washington, 15 June (Argus) — The US and Iran have yet to reconcile differences over how to reopen the strait of Hormuz despite …

Romania expects record 13.9mn t of wheat in 2026 Paris, 11 June (Argus) — Romania could harvest a record 13.86mn t of wheat this year, according to results from the …

Singapore's bunker sales fall in May Singapore, 15 June (Argus) — Total sales at the bunker hub of Singapore fell by 6.8pc on the year to 4.55mn t in May, …

Weak heating oil demand weighs on German prices Hamburg, 15 June (Argus) — The German heating oil market remained oversupplied last week, as weak demand and high refinery output pressured …

US PVC sales, production rise in May: ACC Houston, 10 June (Argus) — US polyvinyl chloride (PVC) sales and production rose in May as plants ramped up operating rates, while …

US polystyrene exports edge higher in April Houston, 11 June (Argus) — US polystyrene (PS) exports in April increased by 2pc from a year earlier as North American producers raised …

Hormuz tanker traffic unchanged after US-Iran deal London, 15 June (Argus) — Vessel traffic through the strait of Hormuz has not changed since Sunday's announcement of a US-Iran peace deal, …

Crude futures drop on US-Iran peace deal announcement Singapore, 15 June (Argus) — Crude futures fell by about 4pc in early trading today on announcements that a deal between the …

Shipowners remain cautious on US-Iran deal announcement Singapore, 15 June (Argus) — Freight market participants are choosing to remain cautious about the announcement that a deal between the US and …

US-Iran agreement to end hostilities 'complete' Washington, 14 June (Argus) — President Donald Trump on Sunday said an agreement with Iran was "now complete", as he ordered an end to …

US PET collection falls, rPET demand weakens: NAPCOR Houston, 12 June (Argus) — US polyethylene terephthalate (PET) bottle collection rates fell in 2024 while demand for recycled material weakened, despite …

Brazil far from critical mineral processing Brasilia, 11 June (Argus) — Brazil remains far from processing critical minerals domestically despite President Luiz Inacio Lula da Silva's push for greater capabilities, …

No value in making copper cathodes in Brazil: Vale Brasilia, 12 June (Argus) — There is no value in making copper cathodes in Brazil, as producing red-metal concentrate already aggregates …

US DOE: Roughly 7mn b/d moving through Hormuz Houston, 12 June (Argus) — About 7mn b/d of crude and oil products are moving through the strait of Hormuz, US energy …

European longs steel traders see weaker 2H London, 12 June (Argus) — Steel market participants are expecting a slower, lower-margin second half of 2026 following the supply-led rally in prices …

Energy transition must 'reflect national circumstances' Sao Paulo, 12 June (Argus) — The roadmap for the transition away from fossil fuels being drafted by the UN Cop 30 climate summit's …

Western Australia backs 450,000 t/yr EAF steel mill Sydney, 12 June (Argus) — Western Australia's (WA) state Labor government is set to invest A$9.8mn ($6.9mn) in Generation Steel, supporting the …

Nigerian returns to net gasoline importer in May London, 5 June (Argus) — Gasoline deliveries to Nigeria were a four-month high of 57,000 b/d in May, after bumper import permits …

India mulls extension of petchem import duty waiver Mumbai, 11 June (Argus) — The Indian government may extend a waiver granted to petrochemical imports beyond its present deadline of 30 …

Feedstock boom to drive Argentina petchems Sao Paulo, 11 June (Argus) — Argentina's petrochemical industry has entered a new investment cycle, supported by abundant feedstock from the Vaca Muerta formation …

Trump calls off attack on Iran: Update 2 Updates with Trump's latest remarks Washington, 11 June (Argus) — President Donald Trump on Thursday called off the threat of an attack …

Brazil waste oil mandate could raise biodiesel costs Sao Paulo, 11 June (Argus) — The mandatory use of waste oils and fats (WOFs) in the production of biodiesel in Brazil …

LyondellBasell to shut remaining PP output at Brindisi London, 11 June (Argus) — Petrochemical producer LyondellBasell plans to close its remaining polypropylene (PP) production at Brindisi, Italy, unless it finds …

Trump calls off attacks against Iran: Update Updates with Trump's cancellation of attacks Washington, 11 June (Argus) — President Donald Trump on Thursday called off the threat of a massive …

N Zealand may need billions to meet NDCs Beijing, 11 June (Argus) — New Zealand may need to pay up to 5bn New Zealand dollars ($2.89bn) to purchase international carbon …

US wholesale inflation surges to 6.5pc in May Houston, 11 June (Argus) — US wholesale inflation surged to an annual 6.5pc in May, led by an energy price spike unleased …

Global warming set to exceed 1.5°C by 2030: Scientists London, 11 June (Argus) — The rise in global temperature is projected to surpass 1.5°C above pre-industrial levels — the limit …

European FCC margins flip back to premiums London, 9 June (Argus) — Northwest European fluid catalytic cracking (FCC) margins have returned to a premium after a rare few sessions of …

Trump escalates threats against Iran Washington, 11 June (Argus) — President Donald Trump on Thursday stepped up threats against Tehran following two days of heavy clashes between the US and …

Firms book gas storage for optionality over economics London, 4 June (Argus) — Most natural gas storage bookings are being made for optionality rather than to lock in trades for …

Turkish Stream maintenance slows storage refilling London, 5 June (Argus) — Maintenance work on the Turkish Stream pipeline has curtailed gas deliveries to central and southeast Europe so far this …

Italian regulator consults on gas liquidity service London, 5 June (Argus) — Italian regulator Arera has launched a consultation on its proposed rules for the implementation of the government-backed gas …

Dutch Nam launches second Grijpskerk open season London, 8 June (Argus) — Dutch gas producer and storage operator Nam is reoffering storage capacity at the Grijpskerk gas site for the …

Opec trims 2026 oil demand growth again London, 11 June (Argus) — Opec has downgraded its forecast for global oil demand growth for a second consecutive month. Demand is now …

India's E85 debut spurs calls for flex-fuel vehicles Mumbai, 9 June (Argus) — India's launch of E85 gasoline has prompted calls from industry participants for faster rollout of flex-fuel vehicles …

Indonesia's coal exports extend decline in April Singapore, 10 June (Argus) — Indonesia's coal exports fell on the year for a fourth consecutive month in April, as weaker demand from …