Will China’s latest U.S. soybean grab be another letdown for the market?

China is back in the U.S. soybean market for the first time in three months, but it appears to be motivated more by goodwill than necessity for now, and its impact on U.S. supply remains muted at this point. U.S. soybean exports to China in the recently concluded marketing year were likely the...

https://www.hellenicshippingnews.com/will-chinas-latest-u-s-soybean-grab-be-another-letdown-for-the-market/

Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources

The world’s largest crude exporter, Saudi Arabia has approached Iraq’s State Oil Marketing Organization to buy Iraqi crude as it looks to fill a supply shortfall in the wake of the recent oil attacks, sources told S&P Global Platts. Sources said state oil company, Saudi Aramco, was looking to...

https://www.hellenicshippingnews.com/saudi-arabia-looking-to-buy-iraqi-crude-in-wake-of-recent-attacks-sources/

CNPC signs 3-year diesel supply contract with Australia’s Arrow Energy

China National Petroleum Corp (CNPC) will supply diesel to its Australian joint venture, Arrow Energy, for three years, the company said in a statement. The supply contract will help CNPC to expand refined oil product sales in Australia, it said. Arrow Energy, a coal seam gas producer, was jointly...

https://www.hellenicshippingnews.com/cnpc-signs-3-year-diesel-supply-contract-with-australias-arrow-energy/

South Korea expects Saudi crude oil imports to remain stable near-term

South Korea expects Saudi Arabia to fully meet the contractual term crude oil supply at least in the near-term, a senior government official said. There would be no major near-term impact on Saudi crude supply to South Korea, said Joo Young-joon, the Ministry of Trade, Industry and Energy’s Deputy...

https://www.hellenicshippingnews.com/south-korea-expects-saudi-crude-oil-imports-to-remain-stable-near-term/

Surgut issues early tender for 400,000 T of November ESPO Blend after premiums surge

Russia’s Surgutneftegaz issued a spot tender late on Tuesday to sell 400,000 tonnes of ESPO Blend crude loading from Far East Kozmino port in second-half November, far ahead of the loading plan as premiums for the grade topped $7 per barrel. Surgutneftegaz offered buyers four cargoes of ESPO Blend...

https://www.hellenicshippingnews.com/surgut-issues-early-tender-for-400000-t-of-november-espo-blend-after-premiums-surge/

Analysis: Oil prices spike post-Saudi attacks add pressure on Indonesia to cut gasoline imports

The surge in international outright oil futures is likely to increase the cost of Indonesia’s imports substantially and seriously hamper Jakarta’s efforts to trim its lofty current account deficit, putting added pressure on state-run Pertamina to reduce its gasoline purchases. International...

https://www.hellenicshippingnews.com/analysis-oil-prices-spike-post-saudi-attacks-add-pressure-on-indonesia-to-cut-gasoline-imports/