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British oil major BP expects to supply 89 cargoes from the Tangguh LNG project to Indonesia’s domestic market in 2026, up 4.7% year over year, Head of Country BP Indonesia James Tehubijuluw told lawmakers in a public hearing on June 3. The Papua-based facility continues

Mounting weather concerns and bullishness from offshore wheat markets lent strength to Australian wheat prices in May, though a weaker currency and significant rains across dry cropping regions in New South Wales boosted near-term crop prospects and encouraged more old crop sales, causing prices to

Pakistani rice prices are rising, supported by strong buying interest from the Philippines and increased local procurement following the Eid holidays, sources told Platts, part of S&P Global Energy, on June 5. Market participants said the rally accelerated after Eid, as exporters secured fresh business

The Offshore Alliance maintained plans to strike at the INPEX-operated Ichthys LNG sites in Australia early local time June 11, as the trade union prepared to extend the industrial action to eight hours per day. “Protected Industrial Action will not be going away simply because

New York’s rollback of its landmark 2019 climate law is expected to delay the state’s transition away from its natural gas system, as reliability concerns raise questions about retiring gas-fired generation plants. As part of the 2026-2027 fiscal year budget process, New York rolled back

Colombia’s June 21 presidential election could reopen the country’s oil and gas industry if business-friendly candidate Abelardo de la Espriella wins, although passing any reforms would face significant obstacles, according to industry sources. De la Espriella led the May 31 election against Iván Cepeda but

With hundreds of millions of dollars in additional federal subsidies recently announced for coal-fired power plants across the US, questions remain over whether the funding will move the needle for a sector that continues to lose ground to natural gas and renewables. Some analysts said

The National Corn Growers Association advocates for upholding the United States-Mexico-Canada Agreement (USMCA) and protecting 1.8 billion bushels of corn demand each year in the form of bulk corn, corn for ethanol, and the corn equivalent of meat. “The USMCA is important to my operation

Singapore has secured enough replacement cargoes to offset disrupted supplies from Qatar through the end of 2026, Singapore Energy Market Authority Chief Executive Puah Kok Keong said in a June 3 interview in Houston. Qatar had been supplying about one cargo per month to Singapore

Indonesia expects oil and gas lifting to increase in 2027, supported by activities such as drilling, well intervention programs and upstream projects, upstream regulator SKK Migas Chairman Djoko Siswanto told lawmakers June 3. Oil lifting is projected to be 602,000-615,000 barrels/day in 2027, compared with

The World Economic Forum has warned that an emerging El Nino weather pattern poses a systemic shock to global markets, with shipping industry analysts flagging potential disruptions to Asian coal demand and agricultural trade flows as the climate event develops through mid-2026. The WEF said

Australia launched a Green Fuels Accelerator to advance commercial-scale low-carbon liquid fuel production, with seven projects selected to receive tailored regulatory, technical, commercial and finance advisory support aimed at accelerating final investment decisions, project developer Cyan Ventures said. Funded by the Australian Renewable Energy Agency,

US developer Delfin Midstream said June 3 it reached a $5 billion final investment decision on the country’s first floating LNG export vessel, marking the third US liquefaction project to advance to construction this year. The project will add about 4.4 million metric tons/year of

Crop-based biodiesel outright prices reached multi-year highs June 3, supported by high feedstock prices. Platts, part of S&P Global Energy, assessed FAME 0 FOB ARA barge price at $1,535/metric ton June 3, the highest since $1,538/mt on Oct. 24, 2022, when prices were elevated on

The Philippines’ buying interest has shifted to Myanmar rice in recent weeks as elevated Vietnamese prices have prompted importers to diversify sourcing and seek alternative varieties that match local preferences, sources told Platts, part of S&P Global Energy, June 8. The emerging interest has supported

The US Department of Agriculture kept its outlook for US beef imports unchanged for marketing year 2027 (January-December) at 6 billion pounds, according to its World Agricultural Supply and Demand Estimates report released June 11. US beef imports are expected to be 1.8% lower year

US private equity company Summit Agricultural Group plans to invest about $2 billion to build a sustainable aviation fuel plant in Brazil, targeting a first production timeline of 2030, the company’s CEO Will Moore told Platts on June 3. The facility, to be operated through

Serbia has agreed to a further three-month extension to its gas supply contract with Russia’s Gazprom, Serbia’s energy minister Dubravka Dedovic Handanovic said late June 4, following talks in St Petersburg with Gazprom CEO Alexei Miller. Dedovic Handanovic said the extension would allow continued, stable,

India’s rice production is expected to remain stable in marketing year 2026-27 despite the India Meteorological Department’s warning of below-normal monsoon rainfall and rising global fertilizer prices, Dev Garg, vice president of the Indian Rice Exporters Federation, told Platts, part of S&P Global Energy, in

Moeve is expanding its bunker barge fleet capable of supplying 100% biofuels, according to a bunker executive of the Spanish company, as environmental regulations lead to higher demand for the low-carbon energy. The fuel supplier’s current biobunker business focuses on B30 with 30% used cooking

Logistical congestion continues at Morocco’s ports, with eight anchored ships carrying soft wheat still waiting for berths offshore Casablanca for berths, according to Inspection Control Union Maroc’s June 1 port position report. At berth, one ship from Dunkirk, France, was unloading 33,000 metric tons of

The US has determined that several Brazilian trade policies are unreasonable and burden American commerce, adding fresh uncertainty to Brazil’s ethanol sector as producers await clarity on how export quotas under the recently implemented EU-Mercosur trade agreement will be allocated. The US Trade Representative said

INPEX filed an application with the Fair Work Commission on June 9 to consider suspending strike action at its operated Ichthys LNG sites in Australia, an INPEX spokesperson told Platts, part of S&P Global Energy. “INPEX confirms filing an application to the Fair Work Commission

Some of the world’s largest ship charterers and operators reported improved decarbonization performances in 2025, according to an annual industry report June 11, highlighting more use of biofuels and energy-saving devices amid regulatory uncertainty. The 32 signatories of Sea Cargo Charter, which together handle 14%

France’s TotalEnergies, the largest natural gas producer in Argentina, plans to increase production in its offshore and Vaca Muerta assets to expand sales to the local and regional markets, where it sees growing demand, according to Sergio Mengoni, head of operations in the country. The

The Trump administration may have violated federal law by redirecting fiscal year 2025 funds away from clean energy research and development, the US Government Accountability Office concluded in a legal decision issued June 4. The DOE did not respond to a request for comment on

South Asian countries have stepped up efforts to find oil and gas at home as the Middle East conflict has exposed supply vulnerabilities and sent shockwaves through domestic energy markets, but structural, regulatory and commercial challenges will limit international oil companies’ interest in investing in

Singapore expects the shipping industry to operate across multiple fuel pathways for an extended period as uneven regulation, infrastructure readiness, and fuel availability complicate the sector’s energy transition, the Maritime and Port Authority of Singapore’s chief executive Ang Wee Keong told Platts, part of S&P

Trafigura is set to operate more VLCCs under its ownership in bids to meet growing transport demand while reducing exposure to period charter markets, where rates could stay elevated amid consolidation and evolving geopolitics, according to the trading house’s top shipping executive. Andrea Olivi, global

Indonesia must adopt a balanced, integrated approach to its aluminum supply chain to avoid repeating oversupply pressures that have weighed on the nickel market, industry experts said June 4 at the 2026 Indonesia Critical Minerals Conference in Jakarta. Indonesia emerged as the world’s leading nickel

The Israeli government has not restricted domestic natural gas production or exports amid renewed exchanges of fire with Iran, a spokesperson for the country’s energy ministry told Platts, part of S&P Global Energy, on June 8. “As of now, there are no changes” to production

The US dried distillers grains with solubles prices have fallen sharply since the start of June as weak export demand, improving supply availability and seasonally slower feed consumption have weighed on the market. Platts CIF New Orleans DDGS prices have declined $24/short ton since the

Platts assessed the Brazilian Decarbonization Credit, or CBIO, at the lowest level in its historical series June 2, at Real 24/metric ton of CO2 equivalent. The series dates back to June 3, 2024, with the previous low on Dec. 16, 2025, at Real 24.5/mt. The

The 50% tariff that the US imposed on steel and aluminum imports in June 2025 has scrambled trade flows, driven up prices and inspired some new investment. This is the final part of a series examining the effects one year later. Part one is here,

Australia’s Offshore Alliance said June 8 that its members have endorsed extending strike action at the INPEX-operated Ichthys LNG sites in Australia to eight hours a day from June 11. “Last night, members endorsed work stoppages escalating to eight hours per day, and we will

The Platts Milling Wheat Marker was set by the CVB 12.5% FOB wheat assessment for the first time this week since its launch last June, reaching $240/mt for July loading, as European wheat shipped from Constanta-Varna-Burgas emerged as the most competitive origin in the Black

Australian beef exports to China are rapidly approaching a key threshold, with 90% of the country’s quota already exhausted as of June 1, China’s Ministry of Commerce said June 2. Once the quota is exhausted, a 55% out-of-quota tariff will take effect from the third

The 50% tariff that the US imposed on steel and aluminum imports in June 2025 has scrambled trade flows, driven up prices and inspired some new investment. This is part two of a three-part series examining the effects one year later. The Trump administration’s imposition

The EU on June 5 formally imposed a full restriction on Brazilian meat imports, effective September, confirming market expectations after the bloc removed Brazil from its list of approved exporters of animals and animal products over concerns about antimicrobial compliance. “The formalization does not surprise

Canada and Mexico, two key US trading partners, are pushing the US to drop its steel tariff by bolstering their domestic industries amid US-Mexico-Canada Agreement negotiations, with leaders from both countries hoping to persuade the US that a free trade zone benefits each country. However,

Crude palm oil prices rose to near two-month highs on June 3 after a key industry group in Malaysia cut production estimate for May, coupled with higher oil prices amid the Middle East conflict, traders and analysts told Platts, part of S&P Global Energy. The

The Philippines has identified sustainable aviation fuel production as a strategic investment priority, positioning the biofuel sector to receive government incentives aimed at developing domestic manufacturing capacity and reducing reliance on imports. President Ferdinand Marcos Jr. approved the 2026 Strategic Investment Priority Plan on May

A consortium of industrial leaders has formed a joint venture to develop one of Europe’s largest alcohol-to-jet facilities, aiming to help meet rapidly rising EU mandates and contribute to energy security. Technip Energies, Airbus, Safran and agricultural cooperative Tereos will establish Rebound to build a

EQ Resources Ltd. acquired six exploration permits on June 9, next to its Mount Carbine project in Queensland, Australia. The company approved an A$39 million (US$27.6 million) investment June 3 to double Mount Carbine’s crushing capacity from 1 million metric tons/year to 2 million mt/y.

Geopolitical conflicts have pushed up vessel earnings while creating obstacles for shipping companies in crewing and making mid- and long-term investments, several shipowners said June 2. Freight rates in various sectors have risen as Iran seized control of the Strait of Hormuz since its war

India’s bunker fuel demand strengthened in May, supported by improved product availability and competitive pricing that stimulated buying interest, market participants told Platts, part of S&P Global Energy, on June 3. Traders and suppliers said demand increased after May 15 at West Coast ports such

The Trump administration is bolstering its fossil fuel-focused energy agenda with another $700 million in federal subsidies for new and existing coal-fired power plants in 12 states. The funding, some of which will be released under the Defense Production Act, will also support the construction

More federal dollars have been released to help US states tackle abandoned and methane-leaking oil and gas wells as operators continue to leave unsealed drill holes behind. The US Department of the Interior announced in late May it had “unlocked” additional funding allocated under the

The Argentine government is poised to become a prime destination for critical minerals investments as officials implement economic reforms and new legal frameworks to attract and support mining projects, Argentina’s mining secretary said June 11. “Argentina possesses one of the most significant portfolios of critical

US polyethylene and ethylene exports have begun retreating after a surge driven by Middle East war disruptions that positioned the country as a leading global supplier. The pullback in exports marks a notable shift from the previous surge in buying activity to a period in

Overall net positions for investment funds slid notably at the end of May, as players in both the European natural gas and LNG markets continue to digest the uncertainty around a peace deal between the US and Iran. Combined long and short positions held for

The Union of Greek Shipowners has reached out to Liberia and Japan to work on alternative proposals to the International Maritime Organization’s Net-Zero Framework, the group said June 5, also calling on the EU to make firmer commitments in rolling back its regulations on maritime

The ramp-up of Nigeria’s 650,000 b/d refinery has cut imports of clean products to West Africa and is redirecting tanker flows around the region, according to analysts. West African imports of clean refined products fell to 765,000 b/d in May from 997,000 b/d in April,

Historically tight aluminum supply stemming from disruptions caused by the Middle East war is accelerating demand for recycled aluminum, highlighting its strategic necessity and sustainability benefits. Supply chain shocks and Iranian strikes at major smelters in the UAE and Bahrainare forecast to reduce 2026 Middle

US chemical companies settled the May ethylene contract price at 35.50 cents/lb, up 0.75 cents/lb month over month, market sources confirmed June 1. The CP is negotiated based on monthly spot ethylene pricing and feedstock ethane movements, which directly impact production costs. In May, spot

Colombia’s upcoming presidential election on June 21 could reopen the country’s oil and gas industry if far-right candidate Abelardo de la Espriella wins, although passing any reforms would face serious obstacles, according to industry sources. De la Espriella led the May 31 election against Iván

Escalating global biofuel mandates risk deepening food insecurity and fertilizer shortages triggered by the Middle East crisis, as countries divert agricultural commodities and nutrients from food production to meet transport fuel targets, according to a study published June 4 by Transport & Environment. The analysis

American Airlines and Google have signed a sustainable aviation fuel certificate agreement covering 35 million gallons over three years and targeting nearly 300,000 metric tons of CO2 equivalent emissions reductions. Under the agreement, American will purchase and take physical delivery of SAF at Chicago O’Hare

North America risks squandering a once-in-a-generation opportunity to leverage its energy resources and industrial base if tariff disputes and political disagreements continue to overshadow regional integration, panelists said during a discussion on the future of the US-Mexico-Canada Agreement at the Atlantic Council Global Energy Forum

US natural gas storage injections in the week ended May 29 were likely lower year over year, cutting the surplus to 2025 levels to almost zero. Gas market analysts expect the US Energy information Administration to report a weekly net injection of 99 billion cubic

Liquidity across the Northwest European LNG markets has taken a hit due to narrow LNG-gas economics and stronger global competition for cargoes, traders said. Since the onset of the war in the Middle East, about 20% of global LNG flows from the Middle East have

Australia’s NH3 Clean Energy aims to take a final investment decision on its WAH2 project by year-end, with commercial ammonia-bunkering operations set to start in 2030, aiding the use of cleaner fuels to accelerate decarbonization, Chairman Charles Whitfield told Platts, part of S&P Global Energy,

Pertamina International Shipping is seeking to expand its global maritime footprint with additional international collaborations as the energy group’s shipping arm signed a nondisclosure agreement with Columbia Shipmanagement at Posidonia 2026. PIS President Director Surya Tri Harto said June 5 in Athens, that the company

Australia’s mineral exploration expenditure rose year over year in the quarter ended March 31, government data showed, but industry fears a new federal tax could stifle the momentum amid volatile markets. Australian mineral spend rose 16.3% to A$949.3 million ($679.33 million) in the March quarter

The US Energy Information Administration reported June 4 a lower-than-expected weekly addition to natural gas storage inventories, reducing the surplus relative to the five-year average and sending stocks below 2025 levels. US natural gas inventories climbed by 95 billion cubic feet in the week ended

US shrimp prices remained under pressure as a prolonged imbalance between global supply growth and demand continued to weigh on the market, according to industry participants. Platts, part of S&P Global Energy, assessed peeled deveined tail-on 16/20 count shrimp at $4.20/pound May 29, down 10

The discount between Northwest Europe LNG prices and the Mediterranean marker reached the widest level on June 10 seen since July 2019, underpinned by higher shipping costs and firmer Southern European hub premiums, which continued to support Med pricing. Platts, part of S&P Global Energy,

A weaker US dollar helped propel crude futures higher May 7 despite a weaker-than-expected US…A weaker US dollar helped propel crude futures higher May 7 despite a weaker-than-expected US…A weaker US dollar helped propel crude futures higher May 7 despite a weaker-than-expected US…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack, restricting the delivery…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack, restricting the delivery…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack, restricting the delivery…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…

Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…Colonial Pipeline has halted all pipeline operations because of a cybersecurity attack involving ransomware, restricting…

Very Large Gas Carrier, or VLGC, rates are set to rally further in the near…Very Large Gas Carrier, or VLGC, rates are set to rally further in the near…Very Large Gas Carrier, or VLGC, rates are set to rally further in the near…

The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball…The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball…The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball…

US Gulf Coast refining margins have risen as the lifting of coronavirus restrictions have boosted…US Gulf Coast refining margins have risen as the lifting of coronavirus restrictions have boosted…US Gulf Coast refining margins have risen as the lifting of coronavirus restrictions have boosted…

The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…

Headwinds have reemerged for the Asian gasoline market, as new pockets of COVID-19 infections across…Headwinds have reemerged for the Asian gasoline market, as new pockets of COVID-19 infections across…Headwinds have reemerged for the Asian gasoline market, as new pockets of COVID-19 infections across…

Green hydrogen company Everfuel is planning a 300 MW electrolyzer project adjacent to the Fredericia…Green hydrogen company Everfuel is planning a 300 MW electrolyzer project adjacent to the Fredericia…Green hydrogen company Everfuel is planning a 300 MW electrolyzer project adjacent to the Fredericia…

The Semiconductors in America Coalition pressed Congress May 11 to include significant funding for US…The Semiconductors in America Coalition pressed Congress May 11 to include significant funding for US…The Semiconductors in America Coalition pressed Congress May 11 to include significant funding for US…

Hot-rolled coil and busheling scrap futures continued their move higher during the week ended May…Hot-rolled coil and busheling scrap futures continued their move higher during the week ended May…Hot-rolled coil and busheling scrap futures continued their move higher during the week ended May…

0240 GMT: Crude oil futures inched higher in mid-morning trade in Asia May 12 after…0240 GMT: Crude oil futures inched higher in mid-morning trade in Asia May 12 after…0240 GMT: Crude oil futures inched higher in mid-morning trade in Asia May 12 after…

The Colonial Pipeline is making “forward progress” in the full restart of its operations, and…The Colonial Pipeline is making “forward progress” in the full restart of its operations, and…The Colonial Pipeline is making “forward progress” in the full restart of its operations, and…

A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a…A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a…A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a…

Aluminum demand should take only a limited hit in the automotive sector over the next…Aluminum demand should take only a limited hit in the automotive sector over the next…Aluminum demand should take only a limited hit in the automotive sector over the next…

Container throughput at the Port of Long Beach, California, in April eased back from an…Container throughput at the Port of Long Beach, California, in April eased back from an…Container throughput at the Port of Long Beach, California, in April eased back from an…

Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…

Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…Mexico’s Pemex will invest $2.64 billion to complete a coking plant at its Tula refinery…

The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the…

China’s robust demand forecast for soybeans is likely to boost international soybean prices, at least…China’s robust demand forecast for soybeans is likely to boost international soybean prices, at least…China’s robust demand forecast for soybeans is likely to boost international soybean prices, at least…

1004 GMT: Oil futures prices fell in midmorning London trading May 13 on news that…1004 GMT: Oil futures prices fell in midmorning London trading May 13 on news that…1004 GMT: Oil futures prices fell in midmorning London trading May 13 on news that…

Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…

Foreign-flagged ships previously booked for voyages from the US Gulf Coast to the US Atlantic…Foreign-flagged ships previously booked for voyages from the US Gulf Coast to the US Atlantic…Foreign-flagged ships previously booked for voyages from the US Gulf Coast to the US Atlantic…

Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…Colonial Pipeline said it expects to deliver fuel to all of its markets by midday…

Brazil’s Mines and Energy Ministry is keeping its mandate for 10% biodiesel blending into diesel…Brazil’s Mines and Energy Ministry is keeping its mandate for 10% biodiesel blending into diesel…Brazil’s Mines and Energy Ministry is keeping its mandate for 10% biodiesel blending into diesel…

Thailand’s third Quota B raw sugar tender on May 12 saw lower average cash premium…Thailand’s third Quota B raw sugar tender on May 12 saw lower average cash premium…Thailand’s third Quota B raw sugar tender on May 12 saw lower average cash premium…

Methanex Corporation subsidiary Waterfront Shipping carried out barge-to-ship bunkering of methanol in collaboration with the…Methanex Corporation subsidiary Waterfront Shipping carried out barge-to-ship bunkering of methanol in collaboration with the…Methanex Corporation subsidiary Waterfront Shipping carried out barge-to-ship bunkering of methanol in collaboration with the…

Spain has become the latest European country to set a date for a ban on…Spain has become the latest European country to set a date for a ban on…Spain has become the latest European country to set a date for a ban on…

The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…

The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…

The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…The US Department of Justice on May 14 sought to derail the proposed $30.5 billion…