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South Korea fires up on renewables, to close more coal plants

5 hours ago DieselGasoil Comments Off on South Korea fires up on renewables, to close more coal plants
SEOUL (Reuters) – As renewable energy powers up in South Korea, coal-fired generation, long the bedrock of the country’s electricity supply, is being tapped to give up room. FILE PHOTO: Vehicles move on a road on a polluted day in Seoul, South Korea, March 12, 2019. REUTERS/Kim Hong-ji/File Photo Facing choking smog in its major Read More

U.S. firms say China tariffs will raise costs, see few sourcing alternatives

15 hours ago DieselGasoil Comments Off on U.S. firms say China tariffs will raise costs, see few sourcing alternatives
WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remaining U.S.-China trade. FILE PHOTO: A “Made in USA” label is pictured on the back Read More

Sinopec to substitute Iran crude with Saudi grades: exec

5 days ago DieselGasoil Comments Off on Sinopec to substitute Iran crude with Saudi grades: exec
China’s Sinopec plans to substitute Iranian crude with that of grades from Saudi Arabia and other origins in the Persian Gulf, even as scope of more purchases from the US was limited due to the overall trade and tariff-related bilateral differences, a senior company executive said late-Wednesday. Not registered? Receive daily email alerts, subscriber notes Read More

Trade deal could propel U.S. to top of China’s LNG supplier list

6 days ago DieselGasoil Comments Off on Trade deal could propel U.S. to top of China’s LNG supplier list
By Stephen Stapczynski on 6/12/2019 SINGAPORE (Bloomberg) — Here’s another reason for Presidents Donald Trump and Xi Jinping to seal a swift trade deal: it could put the U.S. on track to become China’s biggest supplier of liquefied natural gas, according to Morgan Stanley. A pact this year between the world’s two largest economies — Read More

Forties arbitrage to Far East picks up on Chinese demand, cheap freight

6 days ago DieselGasoil Comments Off on Forties arbitrage to Far East picks up on Chinese demand, cheap freight
London — The arbitrage east of key North Sea crude Forties has picked up recently as a result of cheap freight and China importing less US crude, traders said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Urals being more competitive of late was also a factor in that Read More

India shifting to raise butane in LPG import mix due to costlier propane

6 days ago DieselGasoil Comments Off on India shifting to raise butane in LPG import mix due to costlier propane
Singapore — India is expected to boost the ratio of butane in its LPG import mix to leverage the product’s lower prices against propane and as more mid-sized gas carriers instead of very large gas carriers are used to avoid congestion at its ports, trade sources said Wednesday. Not registered? Receive daily email alerts, subscriber Read More

Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up

6 days ago DieselGasoil Comments Off on Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up
Singapore — China’s appetite for US crude oil seems unlikely to show any meaningful recovery in the second half of 2019 amid prolonged Washington-Beijing trade tension, but the overall US-East Asia crude flows may still flourish as Taiwan continues to fill the demand gap left by Chinese buyers. Not registered? Receive daily email alerts, subscriber Read More

US to become net oil exporter in November: EIA

6 days ago DieselGasoil Comments Off on US to become net oil exporter in November: EIA
Highlights Imports projected to meet 8% of US demand this year US net oil exports to average 550,000 b/d in 2020 Washington — The US will become a net oil exporter for the first time on a monthly basis in November, with crude and refined product exports exceeding imports by 220,000 b/d, the Energy Information Read More

Exclusive: Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms – executive

1 week ago DieselGasoil Comments Off on Exclusive: Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms – executive
TOKYO (Reuters) – Japan’s Tokyo Electron, the world’s No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted by Washington, a senior company executive told Reuters. Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China’s Ministry of Transport Read More

No US, no problem! Russia-China trade set to double & reach $200 billion soon

1 week ago DieselGasoil Comments Off on No US, no problem! Russia-China trade set to double & reach $200 billion soon
The trade volume between Russia and China is expected to continue to accelerate and reach new heights, doubling the current record level of $108 billion, the Russian economy ministry says. Russian Economic Development Minister Maxim Oreshkin told China’s Xinhua News at the St. Petersburg International Economic Forum that a memorandum of understanding on trade promotion, Read More