Argus

US starts emergency crude release from SPR Washington, 21 March (Argus) — President Donald Trump's administration has started the first shipments of crude released from the US Strategic Petroleum Reserve …

Iran says ready to discuss Hormuz passage with Japan London, 21 March (Argus) — Tehran is ready to discuss passage through the strait of Hormuz with Japan and other countries …

Gulf producers urge US to tackle Hormuz closure head-on Dubai, 21 March (Argus) — Mideast Gulf oil producers are urging the US to address the disruption to oil flows through …

Argentina's LPG exports to India more than double Houston, 20 March (Argus) — Argentina has shipped 50,000 metric tonnes (t) of LPG to India in the first three months of …

US LNG sector sees risks from surge in prices Washington, 20 March (Argus) — The spike in LNG prices triggered by the war in Iran is prompting concerns from export …

Words may reopen Hormuz faster than weapons New York, 20 March (Argus) — Diplomacy may prove faster than military action at increasing the flow of ships through the war-closed straight …

US Senate seeks reporting of weekly ferts sales data Houston, 20 March (Argus) — A bipartisan bill introduced in the US Senate on 19 March would require manufacturers and wholesalers …

UK clears US to use bases for Hormuz defensive strikes London, 20 March (Argus) — The UK has approved the use of British bases for the US to carry out …

Texas grid rethinks rules as data centers surge Houston, 20 March (Argus) — Texas grid planners are overhauling how the state handles enormous new power demands from data centers, crypto …

Iraq advises foreign firms to curb output Washington, 20 March (Argus) — Iraq on Friday advised international oil companies to curb output at the fields they operate, declaring force majeure …

Wine decline boosts California scrap supply Pittsburgh, 20 March (Argus) — A drop in alcohol consumption among young adults is having the unexpected impact of driving ferrous scrap flows in …

UK HRC prices likely to surge on quota plan: sources London, 20 March (Argus) — UK hot-rolled coil (HRC) prices will surge in the coming months if the government goes …

Japan's petchem firms to raise PE, PP sales prices Tokyo, 19 March (Argus) — Japan's polymer producers Japan Polyethylene, Japan Polypropylene and Prime Polymer will raise their polyethylene (PE) and …

California packaging law challenged Houston, 19 March (Argus) — A coalition of packaging and business groups has sued to block California's "truth in labeling" law, arguing the recyclability label mandate …

LyondellBasell seeks 35¢/lb hike for US PE through May Houston, 19 March (Argus) — LyondellBasell is seeking a total price increase of 35¢/lb for US polyethylene (PE) contracts over the …

Vinmar in 15-year offtake deal for Citroniq PP Houston, 19 March (Argus) — Global polymer trader Vinmar has agreed to buy corn-based polypropylene (PP) from Citroniq's planned Nebraska plant under …

S Korea starts review of Lotte Chemical, YNCC merger Singapore, 20 March (Argus) — South Korea's Ministry of Trade, Industry and Resources (Motir) and the Korea Fair Trade Commission have …

Europe distillate pricing beyond last Mideast arrivals London, 20 March (Argus) — Europe's diesel and jet fuel benchmarks now include trades for delivery dates after the last Mideast Gulf cargoes …

Australian fuel supply sufficient until mid-April: MP Sydney, 20 March (Argus) — Australia will have sufficient fuel supply until March and April, Australian energy minister Chris Bowen said in a …

Australia's Ampol to delay Lytton refinery turnaround Sydney, 20 March (Argus) — Australian refiner and marketer Ampol will defer scheduled maintenance at its 109,000 b/d Lytton refinery near the city …

Kuwait's Mina al-Ahmadi plant attacked by drones Dubai, 20 March (Argus) — Kuwait's 346,000 b/d Mina al-Ahmadi refinery came under new Iranian drone attacks in the early hours of 20 …

Ras Laffan attack may not affect India's LNG supply Mumbai, 20 March (Argus) — India's long-term LNG supply is unlikely to be affected by the 19 March missile attacks on …

Australia mulls rise in oil, gas profits tax Sydney, 20 March (Argus) — Australia's upstream oil and gas lobby has warned Canberra against raising taxes on the sector, arguing it …

Fuel stations run out of diesel across Australia's NSW London, 20 March (Argus) — At least 107 fuel stations across the state of New South Wales (NSW) in Australia have …

Australia extends subsidy plan for refiners to 2030 Sydney, 20 March (Argus) — Australia's federal government will extend its Fuel Security Services Payment (FSSP) programme, designed to keep its two …

US-Iran war: Latest news Houston, 19 March (Argus) — A round-up of the latest Argus news stories focusing on the US-Iran conflict. TOP HEADLINES IEA confirms contributions to oil stocks …

Golden Pass LNG advances commissioning, feedgas rises Houston, 18 March (Argus) — Feedgas nominations to the 18.1mn t/yr (2.4bn ft³/d) Golden Pass LNG export terminal in Texas are continuing to …

Brazil's MGO demand slumps due to export tax Sao Paulo, 19 March (Argus) — Demand for marine gasoil (MGO) in Brazilian ports has plummeted because the Brazilian government's implementation of …

US Jones Act waiver may alter PX trade flows Houston, 19 March (Argus) — The US' 60-day waiver of domestic shipping requirements under the Jones Act may change the trade …

Google, DTE deal hints at new power framework Houston, 19 March (Argus) — Google's contract with electric utility DTE Energy to power a 1GW data center in Michigan points to …

UK's Ithaca puts Cambo GHG emissions at 100mn t London, 19 March (Argus) — UK North Sea producer Ithaca Energy has estimated greenhouse gas (GHG) emissions from its proposed Cambo …

Brazil's MBRF boosts beef sales in 2025 Sao Paulo, 19 March (Argus) — Brazil-based MBRF Global Foods group — a merger between meat-processing companies Marfrig and BRF — increased its …

US not considering oil and gas export restrictions New York, 19 March (Argus) — Restrictions on US oil and natural gas exports are not under consideration, according to an administration …

N Dakota perks up on widening Brent-WTI spread Calgary, 19 March (Argus) — A widening spread between US and international oil prices has "certainly" caught the attention of North Dakota's …

Storms, wildfires drove 2025 insured losses: Swiss Re London, 19 March (Argus) — Insured losses in 2025 were driven by severe convective storms and wildfires, while natural catastrophes accounted for …

EU leaders debate energy, ETS reform Brussels, 19 March (Argus) — EU leaders debated rising energy prices and the role of the bloc's emissions trading system (ETS) on Thursday, 19 …

UK aims for £6bn in overseas climate finance to 2029 London, 19 March (Argus) — The UK plans to spend "around £6bn" ($8bn) of its overseas development aid (ODA) budget …

Fertilizer industry weighs up war impacts London, 19 March (Argus) — The repercussions of the Middle East war for the fertilizer sector are mounting — aside from immediate urea, ammonia, …

US may lift sanctions on floating Iranian oil Washington, 19 March (Argus) — The US is considering easing sanctions to enable foreign buyers to purchase Iranian crude in floating storage, …

Asian flat steel cargoes to Middle East held in India Mumbai, 17 March (Argus) — Some Asian flat steel cargoes that were originally headed to the Middle East are being …

UK chemicals power use falls more slowly than output London, 19 March (Argus) — UK chemicals-sector electricity demand is falling more slowly than output and gas use, and could in …

Saudi Arabia's Maaden sells 50,000t of DAP to Ethiopia London, 19 March (Argus) — Saudi Arabian phosphates producer Maaden has reported selling 50,000t of DAP to Ethiopia in the low …

China steel market muted after Two Sessions meeting London, 19 March (Argus) — Steel market reactions to China's Two Sessions — its paramount annual political and economic gathering — were …

DRC cobalt exports paused over assay dispute London, 18 March (Argus) — The Democratic Republic of Congo (DRC) has effectively paused cobalt exports after officials raised concerns about mismatched assay …

Physical NWE diesel cracks nearing record highs London, 19 March (Argus) — The premium for diesel cargoes loading from the Amsterdam-Rotterdam-Antwerp (ARA) hub to North Sea Dated crude rose to …

Europe, Asia gas surges on Ras Laffan strike: Update Adds latest ANEA LNG price in third paragraph Singapore, 19 March (Argus) — European and Asia-Pacific gas prices surged today, after …

Sulphur's rally pre-empts Middle East price spike London, 19 March (Argus) — Sulphur's sustained pre-crisis rally has left little impetus for a fresh spike in price in response to the …

China Cu prices fall on higher stocks, stronger dollar Shanghai, 19 March (Argus) — Copper prices in China have retreated in March, pressured by rising inventories and a firmer US …

Refineries in Kuwait, Saudi Arabia hit by drones London, 19 March (Argus) — Oil refineries in Kuwait and Saudi Arabia have been hit by Iranian drones, as a night of …

Ice Brent up 10pc on widening Mideast violence London, 19 March (Argus) — The front-month Ice Brent crude futures price rose by more than 10pc today, after a night in …