Argus

Trump taps Warsh to replace Powell as Fed chair: Update Adds market reaction, background. Houston, 30 January (Argus) — US president Donald Trump said he would name former Fed governor …

Mexico's trade surplus widens further in December Houston, 27 January (Argus) — Mexico's trade surplus widened sharply in December from the previous month, with statistics agency Inegi reporting a strong …

Mexico's economy expands 1.6pc in 4Q Mexico City, 30 January (Argus) — Mexico's economy expanded by 1.6pc in the fourth quarter from a year earlier, led by solid expansion in …

ExxonMobil touts tech to cut Venezuela oil costs New York, 30 January (Argus) — ExxonMobil says it has the technology to bring down the costs of producing Venezuela's difficult-to-process crude …

Trump threatens tariffs on Cuba's oil sales: Update Updates with comments from Mexican president. Washington, 30 January (Argus) — An executive order by President Donald Trump threatens potential tariffs on …

Trump's oil supplier tariffs 'blackmail': Cuba Kingston, 30 January (Argus) — Cuba has rejected US president Donald Trump's plan to impose tariffs on any country supplying oil to the island, …

Natural H2's low-cost potential draws investors: Panel London, 30 January (Argus) — Natural hydrogen's potential to deliver sub-$1/kg production costs using familiar oil, gas and mining techniques is drawing investor …

Chevron to up Venezuelan crude at US refineries Houston, 30 January (Argus) — Chevron is planning to run more Venezuelan crude in its US refineries, the company said today, following …

German, Dutch injection demand may hit multi-year high London, 30 January (Argus) — Germany and the Netherlands will need to add substantially more gas to underground storage sites this summer …

LNG share of alternative bunker fuel market grows Sao Paulo, 30 January (Argus) — LNG is leading the charge in the alternative bunker fuel market as shipowners look to comply …

New Zealand off track for 2030 methane emissions target Sydney, 30 January (Argus) — New Zealand is "off track" from its 2030 target for biogenic methane emissions, the government said …

Vietnamese prilled urea trades at $460/t fob Singapore, 30 January (Argus) — Vietnam's state-owned fertilizer producer PFVCCo has sold 45,000t of prilled urea at around $460/t fob this week for …

Q&A: HPCL's Vizag upgrade to boost gasoil, crude slate Goa, 30 January (Argus) — India's state-controlled HPCL commissioned a residue upgradation unit at its 301,000 b/d Vizag refinery this month, …

EU deal holds limited benefits for Indian steel market Mumbai, 29 January (Argus) — The India-EU free-trade agreement (FTA) does not relax carbon border adjustment rules (CBAM) for Indian steelmakers, …

India's ONGC to partner with RIL, BP for oil, gas bid Goa, 30 January (Argus) — Indian state-controlled upstream firm ONGC is set to jointly bid with BP and private-sector …

Venezuela overthrows Chavez-era oil laws Caracas, 29 January (Argus) — Venezuela's national assembly today unanimously passed changes to its oil laws that allow more private-sector ownership in its fields and …

US trade deficit doubles in Nov from multi-year low Houston, 29 January (Argus) — The US trade deficit nearly doubled in November from the prior month, reflecting monthly volatility in …

Brazil market split on foreign biodiesel ban Sao Paulo, 29 January (Argus) — A growing number of Brazilian fuel importers are arguing that ending a current ban on biodiesel imports …

AMG eyes Brazil, Portugal for Li processing Sao Paulo, 29 January (Argus) — Dutch miner AMG Critical Materials is exploring investment opportunities for lithium processing facilities in both Brazil and …

Brazil groups seek fossil fuel phase-out: Correction Corrects date the government will deliver the new plan in the 4th paragraph. Story originally published 28 January. Sao Paulo, 29 January (Argus) …

EU e-SAF needs demand tools, standard designs: Panel London, 29 January (Argus) — Europe's build-out of hydrogen-based sustainable aviation fuel (e-SAF) will depend on demand-side tools that secure long-term offtake …

US Republicans seek vote on climate agreements Washington, 29 January (Argus) — A group of US Senate Republicans wants to treat global climate accords as if they were formal treaties, …

Valero ramps up Venezuelan oil purchases: Update Adds info on Venezuela oil purchases; recasts lead. Houston, 29 January (Argus) — US independent refiner Valero has ramped up purchases of Venezuelan …

French gas storage to help market balance in Mar London, 27 January (Argus) — France's underground gas storage sites are heavily depleted following a fast stockdraw recently, and there may …

Slow US LNG exports to tighten Europe's gas balance London, 27 January (Argus) — US LNG deliveries to Europe are poised to slow down from around the second week of …

Brazil to impose AD duties on pre-painted steel Sao Paulo, 29 January (Argus) — Brazil will impose definitive anti-dumping tariffs for five years on Indian and Chinese pre-painted steel, the …

Tougher mandates promise support for EU HVO prices London, 29 January (Argus) — Tougher European targets for renewable fuel use look set to support demand and premiums for hydrotreated vegetable …

Shell takes LNG near Bahamas as US storm shifts flows Houston, 27 January (Argus) — A Shell-operated LNG carrier that diverted from the Netherlands last week is delivering part of …

Rio Grande LNG plans train 6 FID in 2027: CEO Florence, 28 January (Argus) — US LNG developer NextDecade has plans to finance a sixth 6mn t/yr train at its …

Japanese firms add flexibility with US gas footprint The unique structure of US LNG projects may attract more upstream investment from Japanese firms, write Tray Swanson and Motoko Hasegawa London, …

Feedgas flows to US Gulf LNG terminals recover Houston, 28 January (Argus) — Flows of natural gas to LNG export facilities on the US Gulf coast continued to recover today …

Largest bulk sulphur volumes to date arrive in Angola London, 29 January (Argus) — About 50,000t of bulk sulphur has recently discharged into the Angolan port of Lobito for onward …

Tupras announces sulphur export tender for Feb loading London, 29 January (Argus) — Turkish refiner Tupras' monthly 8,000t sell tender closes on Friday, with loading in mid-February. Tupras usually runs …

Brazil groups seek fossil fuel phase-out: Update Updates with finance ministry's comments on when it will deliver the roadmap draft. Sao Paulo, 28 January (Argus) — Brazil's path to phase …

Slowing US EV market hits S Korean LGES' battery sales Singapore, 29 January (Argus) — A slowdown in the US EV market dealt blows to South Korea's top battery maker …

Thailand EV boom drives auto market in 2025 Singapore, 29 January (Argus) — Thailand's auto output reached over 1.455mn units in 2025, exceeding its target, while battery electric vehicle (EV) …

India to launch national SAF roadmap: ISMA Goa, 29 January (Argus) — India will launch a national sustainable aviation fuel (SAF) roadmap in the near term to provide clarity on …

Brazil central bank holds target rate at 15pc Sao Paulo, 28 January (Argus) — Brazil's central bank held its target rate unchanged at 15pc in its first meeting of 2026, …

US Fed holds target rate unchanged: Update Adds Powell comments, details Houston, 28 January (Argus) — US Federal Reserve policymakers held their target interest rate unchanged today, citing "somewhat elevated" …

Brazil to allow UCO imports for SAF production Sao Paulo, 28 January (Argus) — Brazil will allow used cooking oil (UCO) imports exclusively for sustainable aviation fuel (SAF) production, a …

US naphtha displaces Russian flows to Venezuela New York, 28 January (Argus) — Naphtha shipments to Venezuela loading in January have come entirely from US Gulf coast suppliers, reversing the …

Drought starting to hit Argentina's corn, soy crop Sao Paulo, 23 January (Argus) — Argentina's recent spate of hot, dry weather is starting to damage corn and soybean crops, placing …

Canada wheat exports resume record pace Houston, 23 January (Argus) — Canadian wheat exports rebounded from the previous week's slump, reaching a record level for the given week of the …

Turkey's Tupras awards sulphur e-tender for Feb loading London, 28 January (Argus) — Turkish refiner Tupras has today awarded its February-loading e-tender for more than 15,000t of sulphur in small …

Molymet, Maritime House sign Re recycling MoU: Update Confirms date of agreed MoU in paragraph 4 London, 28 January (Argus) — Chilean rhenium processor Molymet and Canadian rhenium recycler Maritime …

Norway's North Ammonia halts green ammonia project London, 21 January (Argus) — Norwegian developer North Ammonia has suspended work on its planned renewable ammonia project in Eydehavn, Arendal, citing a …

VLSFO 4Q viscosity maintains record level New York, 21 January (Argus) — Very low-sulphur fuel oil (VLSFO) global viscosity levels in the fourth quarter of 2025 rose by 18pc compared …

Trinidad eyes late 2027 start for Venezuelan gas field Goa, 28 January (Argus) — Trinidad and Tobago expects gas production at Venezuela's offshore Dragon field to start in the final …

Germany's Kelheim Fibres to close by March London, 28 January (Argus) — Southern Germany-based sulphur consumer Kelheim Fibres will close its operations by 31 March. The company had been under …

Bio Eneco to supply PKS to Thailand's Berkana Power Singapore, 22 January (Argus) — Malaysian palm kernel shell (PKS) producer Bio Eneco has signed an agreement to supply 10 shipments …