Commodity Insights Oil

Trump’s looming #tariffs unlikely to impact US #gasoline, #diesel imports ▪️Carve-outs for energy are expected to be maintained ▪️Specific data regarding goods under tariff remains unclear ▪️Possible retaliatory impacts on USGC-Brazil ULSD flows 🖥️Full story:…

Technical, political challenges thwarting African #refining: #Dangote ▪️#Africa importing 120 mil mt/y of fuel despite pumping #oil: Dangote ▪️Nigerian #fuel imports down fivefold from 2023 to 88,000 b/d in Q1 Full story: okt.to/q0gNx3

#Trump weighs secondary #oil #sanctions on Russia before 50-day deadline ▪️Russia rejected Putin-Zelensky meeting ▪️But Trump says sit-down will happen 🖥️Full story: okt.to/rXmvDH

#SouthKorea, #Japan to strengthen collaboration for #oil supply security ▪️#KNOC, #JOGMEC meet in #Ulsan for oil reserve discussions ▪️Both nations rely heavily on Persian Gulf sour crude imports. ▪️South Korea keeps 206.9 days of oil reserves; Japan has 199.3 days 🖥️Full…

Iran-Europe #nucleartalks a starting point, but deal still distant: experts ▪️May open door to inspections ▪️#US, #Iran still at odds on enrichment 🖥️Full story: okt.to/7G4iUw

#EU ban on Russian-derived #oil products driving up diesel prices: #Total CEO ▪️Ban on products from Russian crude is being 'underestimated' ▪️Stronger diesel prices a 'persistent feature on the global market' ▪️Reliance on shale oil and NGLs makes diesel manufacture 'more…

Middle East #crude stands to gain as EU targets Russian oil in new #sanctions Saudi Arabia, UAE, Iraq, Kuwait hold ample spare capacity OPEC+ quota hikes to make more barrels available #Refineries may need to segregate supplies for exports to EU Full story:…

In our latest #OilMarkets podcast, our experts at this period of uneasy calm in oil markets. They discuss the implications of EU #sanctions on Russia, #ceasefire between Israel and Iran and #OPEC+ move to raise production quota on Asian #oil. #OOTT #IranIsrael 🎧Full #podcast…

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China's shrinking #gasoil exports mitigate impact of #EUban on products refined from Russian #crude ▪️Cut gasoil production by 284,000 b/d YOY in H1 ▪️H1 gasoil exports drop 46% YOY to 116,00 b/d ▪️Sends 7% of gasoil exports to Europe, 82% to Asia Full story:…

Commodity Tracker: Charts to watch this week 🛢️ Lower price cap on seaborne Russian #crude exports 🔋 #Lithium supply chains adapt to global demand shifts 🌱 #SAF feedstock prices and #UCOME market trends ... and more: okt.to/4TW5t0 #crudeoil #lithium #SAF #UCOME…

INTERVIEW: #Nigeria's #oil minister eyes condensate boost to comply with #OPEC cap ▪️Will not 'flout' OPEC quota but has 'obligation' to hike condensates ▪️In 2020 Nigeria was at center of row over classification of Agbami ▪️Lokpobiri 'happy' with Dangote, needs output hike to…

@SPGCI’s Jorge Jardim says pleased/honored that Brazil recognizes independence & trust of Platts benchmarks and will use nearly a dozen Platts pricing references in its calculations of oil-related royalties payments: okt.to/PDKh5m

Turn ideas into reality. okt.to/XiI4ta  We’re seeking visionaries. Your collaboration is crucial for improving resources for future use. Join our discussions, take part in activations, and help us seek new ways to exceed your needs. #CILIVE #CommodityInsightsLIVE

Aircraft delivery delays to weigh on European #Jetfuel demand growth: #Ryanair ▪️Ryanair passenger volume grows 4% on year in April-June ▪️Late bookings to sustain summer demand ▪️Europe's biggest carrier sees muted traffic growth 🖥️Full story: okt.to/cnVYXu

#Rosneft says EU #sanctions on its Indian #refinery threaten energy security, stability ▪️Vows action by Russian, Indian governments against measure ▪️#Urals assessed prices in India remain buoyant ▪️Market weighing up EU ban on products from #Russiancrude 🖥️Full story:…

FACTBOX: EU approves major overhaul of #oil #sanctions against #Russia ▪️Brussels bans imports of products made from Russian crude ▪️UK emerges as lone G7 supporter for new price cap ▪️Clampdowns on shadow fleet tankers and flag states 🖥️Full story: okt.to/ojiZ7n

Turkey cancels #pipeline agreements with Iraq in latest row impacting #Kurdish #crude ▪️Dispute could keep pipeline to Ceyhan shuttered ▪️Cancellation effective from July 27, 2026 ▪️Ankara seeks new deal with concessions from Iraq 🖥️Full story: okt.to/HnGqjK