Argus

Import woes drive LA jet fuel to 44-month high Seattle, 17 March (Argus) — Prompt-month jet fuel prices in Los Angeles jumped to a 44-month high on Tuesday after news …

New York Harbor RBOB, ULSD hit multiyear highs: Update Updates to include closing prices. Houston, 17 March (Argus) — New York Harbor (NYH) diesel and gasoline prices reached fresh multiyear …

Iran war to push up PE, PP prices: LyondellBasell Houston, 17 March (Argus) — US chemicals company LyondellBasell expects to be able to push North American polyethylene (PE) and polypropylene …

EU hints at 'soft price cap' for the ETS before 3Q Brussels, 17 March (Argus) — A "soft price cap" for the EU's emissions trading system (ETS) could come before …

UK may extend heating oil subsidy to LPG fuel London, 17 March (Argus) — The UK government's £50mn ($66mn) subsidy to help some low-income households pay for their heating oil …

Cuba's power collapses amid talks with US Houston, 17 March (Argus) — Electricity is being "gradually" restored to Cuba today as the government started investigating the cause of a third …

Saudi Maaden looks to Yanbu for phosphates exports London, 17 March (Argus) — Saudi Arabian phosphates producer Maaden is aiming to resume exports through the country's west coast port of …

UK steel decoilers bracing for 50pc quota cut London, 17 March (Argus) — The UK's steel market is bracing itself for a halving of tariff-rate quotas, service centres told Argus …

European refiners make hay as spot buyers scramble London, 17 March (Argus) — Urgent war-time demand for European refiners' output is boosting their returns, with the cost falling on those …

Iraq seeks Iran approval for Hormuz tanker transit Dubai, 17 March (Argus) — Iraq is in talks with Iran to allow some of its oil tankers to pass through the …

Egypt's NCIC sells SSP/SOP higher in tender London, 17 March (Argus) — Egyptian producer NCIC has confirmed the following awards in its latest tender to sell fertilizers for loading this …

Australia eyes record lithium exports after disruptions Singapore, 17 March (Argus) — Australia's lithium loadings are on track to hit a record high in March after cyclone disruptions curbed February …

South Korea caps fuel exports to safeguard supply Singapore, 17 March (Argus) — South Korea's Ministry of Trade, Industry and Energy (Motie) has introduced mandatory export caps on refined petroleum …

Attacks on UAE energy assets increase as war broadens Dubai, 17 March (Argus) — Iran and its regional proxies have stepped up attacks on Mideast Gulf energy infrastructure. The latest …

Australia's TGP lag slows on fuel price volatility Sydney, 17 March (Argus) — There has been a subtle shift in Australian fuel pricing dynamics in recent weeks, with domestic terminal …

Indian polymer makers cut output on gas use curbs Mumbai, 16 March (Argus) — Several Indian petrochemical producers have cut polymers production after the government restricted access to feedstock natural …

Australia's NSW government considers fuel intervention Sydney, 17 March (Argus) — The New South Wales (NSW) state government signalled it would "consider intervention if necessary" to supply fuels to areas …

Japan's Shin-Etsu reduces domestic PVC production Tokyo, 17 March (Argus) — Japanese chemical company Shin-Etsu Chemical has reduced domestic polyvinyl chloride (PVC) production and decided to raise domestic sales prices, …

Another tanker attacked off UAE's Fujairah: UKMTO Singapore, 17 March (Argus) — Another tanker has been attacked off Fujairah, UAE, the UK Maritime Trade Operations (UKMTO) said today. This follows …

Rains, war may sustain Brazil ethanol price rise Sao Paulo, 16 March (Argus) — Persistent rainfall in Brazil's center-south could support ethanol prices at higher levels for longer, as it …

EU leaders to mull gas price cap this week Brussels, 16 March (Argus) — The European Commission will assess the effect of "subsidising or capping" the gas-fired generation price and …

Back of crude price curve grinds higher as war persists Calgary, 16 March (Argus) — The de facto closure of the strait of Hormuz has choked oil supply and sent …

Gas TSOs urge uniform EU standards, H2 pipes derisking Prague, 12 March (Argus) — Uniform standards and more clarity on financing mechanisms for pipelines are needed to pave the way …

UK's grid, offtake risks threaten H2 FIDs: Utilities London, 13 March (Argus) — Grid connection delays, difficulty securing long-term hydrogen offtake deals and challenges sourcing compliant low-carbon power are the …

UK extends £50mn energy subsidy to LPG users London, 16 March (Argus) — The UK government's £50mn energy subsidy for low-income households will also apply to LPG users, according to …

Iraq eyes idled pipe, trucks for crude exports: Update Adds plan to truck crude to Syria and Jordan in paragraphs 5 and 12 Dubai, 16 March (Argus) — Iraq is …

European ethanol prices up on indirect war effects London, 16 March (Argus) — European ethanol prices have risen by more than 10pc since the start of the US-Israel war with …

US methanol barge trade at 14-month high Houston, 16 March (Argus) — A spot methanol barge traded today in Houston, Texas, at the highest level since January 2025 as growing …

US in talks to boost Kazakh coal sector London, 16 March (Argus) — Kazakhstan's energy ministry is in talks with the US over developing the country's coal sector and other …

Canada pledges 24mn bl to IEA oil stabilization Calgary, 16 March (Argus) — Canada's oil industry will increase production by 23.6mn bl in the coming months for its contribution to …

Venezuelan investment prospects may be looking up Caracas, 16 March (Argus) — Venezuela suddenly appears more investment-worthy, with prolonged US attacks on Iran roiling crude markets. Some US oil firms …

US senator presses CF on soaring nitrogen prices Houston, 13 March (Argus) — US Senator Josh Hawley (R-Missouri) questioned whether US nitrogen producer CF Industries was "price gouging" or "manipulating …

EU foreign ministers to discuss Hormuz options: Update Adds German defence minister comments in paragraph 8 London, 16 March (Argus) — EU foreign ministers will today discuss ways of keeping …

UK to subsidise some household heating oil costs London, 16 March (Argus) — The UK government today said it will allocate more than £50mn ($66mn) to low-income households to tackle …

Iranian oil plugs global shortfall: US' Bessent Washington, 16 March (Argus) — The US is viewing Iran's ability to continue shipping oil tankers through the strait of Hormuz as helpful …

Fossil fuel reliance to keep EU in crises: UN Stiell Edinburgh, 16 March (Argus) — Europe's "meek" dependence on fossil fuel imports will leave the bloc "forever lurching from crisis …

Iraq eyes idled Ceyhan pipe route as export alternative Dubai, 16 March (Argus) — Iraq plans to begin pumping crude from its northern Kirkuk fields to Turkey's Ceyhan port through …

German government under pressure on climate target Berlin, 16 March (Argus) — Germany's greenhouse gas (GHG) emissions were almost unchanged last year, according to data released by federal environment office …

India seeks safe passage from Iran for six LPG tankers Mumbai, 16 March (Argus) — India's government is currently in talks with Iran to ensure safe passage for six tankers …

Price increases weigh on German oil demand Hamburg, 16 March (Argus) — The impact of the Iran war continues to be strongly felt in the German market. Maritime traffic through …

Taiwan's Formosa to slash runs further in April Singapore, 16 March (Argus) — Taiwan's private-sector refiner Formosa Petrochemical will further cut run rates in April at its Mailiao complex because …

Muar LNG to develop LNG bunkering hub in Malaysia Singapore, 12 March (Argus) — Singapore-based Muar LNG is developing an integrated LNG bunkering, reloading and transshipment hub within the Maharani …

Fujairah oil loadings halted after new drone strike Dubai, 16 March (Argus) — Oil loading operations at the port of Fujairah in the UAE have been suspended after a drone …

India unlikely to raise ethanol blend despite oil rally Mumbai, 13 March (Argus) — India will struggle to increase ethanol blending in gasoline beyond 20pc (E20) because of technical and …

Bahrain Al producer cuts operations on supply shortage Singapore, 16 March (Argus) — Bahrain-based smelter Aluminium Bahrain (Alba) has initiated a controlled shutdown, idling about 300,000 t/yr of capacity in …

Australia moves to weekly fuel stock reporting Sydney, 16 March (Argus) — Australia's Department of Climate Change, Energy, the Environment and Water (DCCEEW) will temporarily publish the latest available statistics …

Japan's Jera in talks for extra term LNG supply Osaka, 16 March (Argus) — Japan's largest LNG importer Jera is in discussions with suppliers under long-term contracts over potential additional …

Drone strikes cause fire near Dubai airport Dubai, 16 March (Argus) — A fire was reported near Dubai International Airport (DXB) today after a drone struck one of the fuel …

Crude futures rise after Kharg island attack Singapore, 15 March (Argus) — Crude futures rose by almost 4pc in Asian trading on Monday, after US president Donald Trump threatened to …