Argus

IMO net-zero proposal inches towards consensus London, 1 May (Argus) — Consensus at the International Maritime Organization (IMO) meeting of its Marine Environment Protection Committee (MEPC 84) this week remained …

Crude tankers decline despite Yanbu demand New York, 1 May (Argus) — A surge in crude shipments from the Red Sea port of Yanbu, bypassing the blockaded strait of Hormuz, …

US manufacturing grew in April amid war concerns Houston, 1 May (Argus) — US manufacturing activity grew in April for a fourth consecutive month, as order growth outpaced production and …

European jet premiums slide as prompt supply fears ease London, 1 May (Argus) — European jet fuel premiums to Ice gasoil futures have fallen to their lowest since the early …

Hunt, Crossover sign Orinoco exploration deals Caracas, 1 May (Argus) — Two independent US oil and gas producers have agreed to work with Venezuela's state-owned PdV in the Orinoco heavy …

Eni seeks buyer for Brindisi cracking unit Milan, 29 April (Argus) — Italian energy company Eni has decided to sell its cracking unit at Brindisi in southern Italy and will …

US housing starts jump in March Houston, 29 April (Argus) — US housing starts rebounded to 15-month highs in March, led by construction of multi-family units, US Census Bureau data …

WM expands US recycling capacity in 1Q Houston, 29 April (Argus) — Waste Management (WM) increased its US recycling processing capacity by 300,000 metric tonnes (t) in the first quarter, …

Orbia sees Iran war uplift after 1Q loss Houston, 29 April (Argus) — Mexico-based chemicals producer Orbia expects prolonged fighting in the Middle East and the subsequent shock to the …

Braskem names Petrobras chief as board chair Sao Paulo, 30 April (Argus) — Brazil's Braskem has appointed Petrobras chief executive Magda Chambriard as chair of its board of directors, following …

ADB cuts Asian growth outlook on Mideast Gulf crisis Singapore, 1 May (Argus) — The Asian Development Bank (ADB) has downgraded its economic growth outlook and raised inflation forecasts for …

Japan's petchem supplies to last into next year: PM Tokyo, 1 May (Argus) — Japan's supply of naphtha-derived chemical products is sufficient to last beyond the end of this year, …

Nyrstar's Australian lead, zinc smelters assess future Sydney, 1 May (Argus) — Metals firm Nyrstar may close or curtail output at two smelters in the south of Australia if a …

Mexico's economy stagnates in 1Q Mexico City, 30 April (Argus) — Mexico's economy expanded a minimal 0.1pc in the first quarter of 2026, as solid expansion in the services sector …

PBF to move WTI to US east coast on Jones waiver Houston, 30 April (Argus) — Refiner PBF Energy is planning to run WTI crude at its eastern US refineries …

Dakota Gas' urea focus tied to demand, not DEF rules Houston, 30 April (Argus) — Dakota Gasification said it is prioritizing granular urea production over diesel exhaust fluid (DEF) because …

EU ETS benchmarks largely unchanged in latest update London, 30 April (Argus) — Preliminary benchmark values for calculating free allowance allocations under the EU emissions trading system (ETS) over 2026-30, …

US House readies E15 floor vote in May New York, 30 April (Argus) — The US House of Representatives is planning to vote next month on a major biofuel policy …

Export curbs on the rise as governments seek revenue London, 30 April (Argus) — Export restrictions on critical raw materials — particularly for ores and concentrates — are tightening rapidly …

German chemical industry power demand could resume fall London, 30 April (Argus) — Power consumption in the German chemical manufacturing sector has fallen sharply over the past decade and could …

Cop 31 presidency takes focus off fossil fuels London, 30 April (Argus) — Electrification, clean cooking, methane reductions and climate finance are among the themes host Turkey and lead negotiator …

US economy grows by 2pc in first quarter Houston, 30 April (Argus) — The US economy grew at an annual rate of 2pc in the first quarter, led by government …

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Singapore, Philippines tighten Article 6 co-operation London, 30 April (Argus) — Singapore and the Philippines signed an agreement on Thursday establishing the legal framework for the bilateral transfer of carbon …

Fossil fuel transition conference sets workstream plans Santa Marta, 30 April (Argus) — The first conference on Transitioning Away from Fossil Fuels, held in Santa Marta, Colombia over 24-29 April, …

Valero ends fuel production at Benicia refinery Houston, 30 April (Argus) — US independent refiner Valero has stopped producing fuels at its 145,000 b/d Benicia refinery, the company said today. …

German operators still struggle to sell gas storage London, 24 April (Argus) — German gas storage capacity uptake continued to slow down this week, with operators failing to allocate any …

Spain boosts pipeline gas imports at expense of LNG London, 27 April (Argus) — Spanish firms have increased pipeline gas imports to reduce dependence on LNG in response to the …

Hungary on track for EU, national gas storage targets London, 29 April (Argus) — Hungary is on track to exceed the EU gas storage obligation and to meet its national …

Egypt's NCIC issues tender to sell fertilizers for May London, 30 April (Argus) — Egyptian producer NCIC has issued a tender to sell various fertilizers for loading in May, closing …

Q&A: Crisis adds impetus to diversify from oil and gas Sydney, 30 April (Argus) — The ongoing energy crisis has impacted Singapore and other Asia-Pacific countries but has been proving …

UAE's Borouge starts up Al Ruwais polymers project Singapore, 30 April (Argus) — UAE-based Borouge has started polymer production at its 1.4mn t/yr Borouge 4 megaproject in Abu Dhabi's Al …

QatarEnergy raises May sulphur price to $740/t London, 30 April (Argus) — State-owned QatarEnergy Marketing has raised its May Qatar Sulphur Price (QSP) to $740/t fob Ras Laffan/Mesaieed. This marks …

Natureworks opens 75,000 t/yr PLA site in Thailand Singapore, 30 April (Argus) — Polylactic acid (PLA) producer Natureworks has opened its second site with a 75,000 t/yr capacity project in …

Philippines' agriculture sector braces for El Nino Singapore, 30 April (Argus) — Philippines' Department of Agriculture (DA) is rolling out a preparedness plan to mitigate agricultural disruptions in the latter …

Philippines prepares for strong El Nino in 2026 Singapore, 30 April (Argus) — Philippines' Department of Agriculture (DA) is rolling out a preparedness plan to mitigate agricultural disruptions in the …

Crude futures surge 7pc to new four-year high Singapore, 30 April (Argus) — Brent crude futures rose by 7pc to a four-year high in Asian trading today, on the prospect …

NOCs must support fossil phase out: Colombia minister Santa Marta, 30 April (Argus) — The contributions of national oil companies (NOCs) are key to producing individual countries' roadmaps to phase …

Asphalt tank fails in South Houston Houston, 29 April (Argus) — An asphalt tank ruptured on Wednesday afternoon at a Martin Asphalt facility in the city of South Houston, Texas, …

US Fed holds target rate steady on oil Adds Powell comments, background Houston, 29 April (Argus) — US Federal Reserve policymakers held their target interest rate unchanged Wednesday, noting that …

Opec+ members back group after UAE exit: Update Updates with Trump's comments London, 29 April (Argus) — Algeria, Russia and Kazakhstan have reaffirmed their commitment to Opec+ after the UAE's …

Opec+ members reaffirm commitment after UAE exit London, 29 April (Argus) — Algeria, Russia and Kazakhstan have reaffirmed their commitment to Opec+ after the UAE's decision to quit the alliance. …

N African bitumen buyers look west for supply London, 29 April (Argus) — North African bitumen buyers swung away from Greek supply and instead bought more Spanish and Italian product, …

France's fossil fuel roadmap a key step: think tanks Edinburgh, 29 April (Argus) — France's roadmap to transition away from fossil fuels, which combines energy policies and climate targets in …

US oil inventories fall on record exports: Update Adds report details. Calgary, 29 April (Argus) — US crude inventories fell last week by 6.2mn bl with exports surging past 6mn …

Can collective buying solve the e-fuel offtake problem? Buyers clubs can secure more competitive terms than bilateral deals, and are making inroads in the maritime and aviation sectors, writes Pamela …

Forest loss fell in 2025, but from record high: Report London, 29 April (Argus) — Tropical rainforest loss declined in 2025, albeit from a record high rate, according to data …

Senator to file bill ending Morocco duties: Correction Corrects DAP and MAP import volumes in paragraph 5 of story originally published on 28 April Houston, 29 April (Argus) — A …

India's RCF seeks phosrock, DAP/MAP, MOP in tender London, 29 April (Argus) — Indian fertilizer producer and importer RCF has issued a tender to buy phosphate rock and/or DAP/MAP and …