- — South Korea boosts refunds to 100% to diversify non–Middle East oil imports
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at 9/23/26 3:00pmAs the Middle East war drags on, the government will expand the refund cap for additional freight incurred when importing crude oil from the Americas, Europe, Africa and other regions to diversify supply sources, from the current roughly 25% to up to 100%. The Ministry of Planning and Budget said on the 23rd that Vice ...- — Trump to consider diesel export restrictions amid political pressure
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at 9/23/26 3:00pmUS President Donald Trump and US Secretary of the Treasury Scott Bessent said the administration was considering restricting diesel exports amid surging pump prices, following days of increasing political pressure from fellow Republicans. At an appearance alongside Ukrainian President Volodymyr Zelensky at the United Nations on Sept. 22, Trump responded to a reporters question about ... - — Trump says US to keep buying potash from Canada
- at 9/23/26 3:00pmUS President Donald Trump said Tuesday that the United States will continue purchasing potash from Canada, while noting that Belarus has offered to sell the fertilizer at a lower price. Trump made the comments to reporters during a bilateral meeting with Ukrainian President Volodymyr Zelenskiy. Belarus has a lot of potash, and our farmers need ...
- — Armed group shuts pipeline from Libya’s largest oil field, jeopardising exports
- at 9/23/26 11:00amA valve closure on the El Sharara-to-Zawiya pipeline has cut production at a field accounting for roughly a third of Libyas total output, prompting the national oil company to warn it may declare force majeure. An unnamed armed group shut a valve on a pipeline from Libyas largest oil field, causing a drop in production, ...
- — Japan secures crude supply through Nov; Dec uncertain – PAJ chair: report
- at 9/23/26 4:00amJapan has secured sufficient crude oil supplies for its domestic market through November, but the supply situation from December remains uncertain amid escalating tensions in the Middle East, the chairman of the Petroleum Association of Japan (PAJ) said. Arrangements for crude supplies through November were in place, said Shunichi Kito, who is also the chairman ...
- — EU oil imports value up by 56%, volume stable in Q2 2026
- at 9/22/26 3:00pmIn the second quarter of 2026, the value of the EU’s petroleum oil imports rose sharply, by 55.8%, however their volume remained mostly stable compared with the monthly average in 2025, at 36.7 million tonnes (+1.2%). Regarding liquefied natural gas, import value rose by 4.1% and import volume fell by 5.6%. In the same period, ...
- — Saudi Aramco boosts crude loadings after pipeline disruption
- at 9/22/26 3:00pmSaudi Aramco loaded approximately 14 million barrels of crude oil on seven very large crude carriers inside the Mideast Gulf on Sunday, according to data from TankerTrackers.com. The increased activity follows an attack that disrupted shipments through the kingdom’s east-west pipeline to the Red Sea. The loadings indicate a partial recovery in Saudi shipments. Expectations ...
- — India’s crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs
- at 9/22/26 3:00pmIndia’s crude oil import bill rose 48.4 per cent year-on-year to $74.8 billion in April-August. Higher international prices drove the increase despite import volumes remaining nearly the same, according to data from the Petroleum Planning and Analysis Cell (PPAC). The country spent $24.4 billion more on crude during the first five months of FY27 than ...
- — China’s soybean buying revival boosts US export outlook; tariffs cloud prospects
- at 9/22/26 4:00amChinas aggressive purchases of US soybeans for the marketing year 2026-27 (September-August) have boosted expectations for a recovery in US export shipments after a weak previous season, according to soybean exporters based in the US. However, they remain concerned that additional Chinese tariffs could limit demand growth. China has booked 8.98 million metric tons of ...
- — Russia set to extend diesel export ban past September
- at 9/22/26 4:00amRussia plans to extend its ban on most diesel exports beyond the end of September as Ukraine continues to attack its refineries, Cloomberg reported Monday citing people familiar with the matter. An extension by at least another month, or more, is reportedly under consideration. Russia implemented the ban in July after Ukrainian strikes against its ...
- — Saudi Arabia is running out of options to export oil. What does that mean for global energy?
- at 9/21/26 3:00pmSaudi Arabias ability to export oil is under severe strain as disruptions affect its major maritime routes and a key crude pipeline, creating a bottleneck for global energy markets. The Strait of Hormuz, the most viable route for shipments from Saudi Arabias eastern ports such as Ras Tanura, has been effectively closed since late February, ...
- — Saudi revives Hormuz shuttle to sustain exports amid rising risk and costs
- at 9/21/26 4:00amSaudi Arabia found a new route for crude exports after halting operations of its east-west pipeline linking the country due to an attack by Iraqs Iran-aligned militias. The method is to sail back through the Strait of Hormuz, which had been effectively blocked by Irans threat, and then transfer the oil to another vessel off ...
- — Australia’s iron ore exports are about more than tonnage
- at 9/20/26 3:00pmAustralia can remain indispensable to steelmaking while making less money from it. In 2025–26 dollars, the government’s June outlook projects iron ore export earnings to fall from an estimated A$116.6 billion in 2025–26 to A$77.2 billion in 2030–31. That’s a 34 percent reduction, against a decline in export volumes of about 2 percent. This is ...
- — Saudi Aramco halts crude oil supply to European customers
- at 9/20/26 3:00pmSaudi Aramco has informed at least two oil refining customers in Europe that they will receive no crude oil next month following an attack on the kingdom’s main pipeline to the Red Sea, according to a report from Bloomberg News, citing people familiar with the matter. European customers typically receive Saudi Arabian crude through term ...
- — IEA’s Birol urges South Korea, other Asian LNG importers to diversify supply amid conflict
- at 9/18/26 3:00pmSouth Korea and other Asian LNG importers need to step up their efforts to diversify LNG supply sources amid the Middle East conflict and disruptions to traffic through the Strait of Hormuz, International Energy Agency Executive Director Fatih Birol said Sept. 17. Asia is at the forefront of the energy crisis the world is facing ...
- — Singapore Aug petrochemical exports fall 21.8%; NODX growth at 46.2%
- at 9/18/26 3:00pmSingapore’s petrochemical exports in August fell by 21.8% year on year to Singapore dollar (S$) 737.3 million ($577 million), while overall non-oil domestic exports (NODX) surged on the back of AI-related demand, official data showed on Thursday. Petrochemical exports have now shrunk on a year-on-year basis for 18 consecutive months, with August’s decline easing from ...
- — Govt okays LNG import at nearly $30/MMBtu, 3 times pre-Mideast war level
- at 9/18/26 3:00pmThe government is importing liquefied natural gas (LNG) at nearly three times the price it paid before the Middle East conflict began, with one cargo approved at $29.795 per million British thermal units (MMBtu). The Cabinet Committee on Government Purchase today (14 September) approved the proposal to import one LNG cargo from Singapore-based Vitol Asia ...
- — China’s crude purchase priority in a highfreight environment
- at 9/18/26 4:00amAs China’s refinery strategy has shifted towards revenue recovery following Beijing’s removal of transportation fuel export restrictions in late June, refiners — particularly state-run oil majors that still have substantial unused fuel export quotas — are increasingly prioritising crude cost control rather than simply maximising crude imports. As highlighted in our previous insight [last session], ...
- — Kingdom assures Asia of uninterrupted oil supply
- at 9/18/26 4:00amWe are ready to supply oil requirements of South Korea and other Asian countries,” said Petroleum and Mineral Resources Minister Ali Al-Naimi. He made the statement while talking to South Korean Knowledge Economy Minister Joong Kyung-choi as the two discussed bilateral relations as well as the economic situation in Korea. South Korea is one of ...
- — No comment from Riyadh on oil delivery cancellations as scale of disruption remains unclear
- at 9/17/26 3:00pmThe pipeline shutdown has put pressure on Saudi oil supplies to Europe as further conflict in the region threatens shipping routes. Riyadh has yet to comment on reports that some refiners face delays until November. Saudi Arabia has remained silent on reports that it has cancelled or delayed crude oil shipments to European refiners following ...
- — Saudi Arabia’s oil export lifeline severed indefinitely – analysts
- at 9/17/26 3:00pmCrude oil supply concerns have mounted this week, after Yemen’s Iran-aligned Houthi militant group launched a massive offensive against Saudi Arabia. Brents price has skyrocketed amid escalation in the Red Sea, as the Houthis continue to expand control over Yemen’s west coast and hit oil infrastructure critical for Saudi Arabia’s export route. The militant group ...
As of 9/23/26 7:33pm. Last new 9/23/26 5:24pm.
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