Want to reduce your trade surplus with Trump Russell
There are certain trends that will likely emerge amid the chaos and confusion created by U.S. president Donald Trump's global tariff rollout and retreat. One is that countries looking to make a deal will purchase more U.S. products in order to reduce their trade surpluses. Even relative successes like Boeing aircraft highlight the lack of U.S. products that are competitive. Energy commodities like crude oil, LNG and coal are one area that countries could increase their imports of the United States. If every country that wants to do a deal will commit to buy more U.S. Energy, the United States may very soon be unable to meet the demand.
Palmetto prices end higher in Dalian and rising inventories
Malaysian palm oils futures rose on Thursday, wiping out the losses of the previous session. They were supported by strong rival oils in Dalian, and data from Malaysian Palm Oil Board, which showed an increase in March inventories. The benchmark June palmoil contract traded on the Bursa Derivatives Exchange in Malaysia gained 53 ringgit or 1.28% to 4,201 Ringgit ($940.66) per metric ton. A Kuala Lumpur trader stated earlier that "the futures react to the rival oil's rise", adding that the export data from MPOB will give clues on the way forward.
Want to reduce your trade surplus with Trump Russell
There are certain trends that will likely emerge amid the chaos and confusion created by U.S. president Donald Trump's global tariff rollout and retreat. One is that countries looking to make a deal will purchase more U.S. products in order to reduce their trade surpluses. Even relative successes like Boeing aircraft highlight the lack of U.S. products that are competitive. Energy commodities like crude oil, LNG and coal are one area that countries could increase their imports of the United States. If every country that wants to do a deal will commit to buy more U.S. Energy, the United States may very soon be unable to meet the demand.
US refiners are unlikely to spend large amounts to process more domestic crude oil
It can be expensive and time-consuming to change refinery configuration. The margins and yields of refineries can be affected by using different types of crude. By Arathy S. Analysts and industry sources said that U.S. refiners do not plan to invest heavily to process more crude oil domestically and less oil imported from Canada and Mexico. This is a major obstacle to President Trump’s plan to increase oil production. Trump's pledge of unleashing U.S. production and lowering prices for consumers focused on increasing domestic drilling. Trump's tariff threats, however, have reduced imports of crude oil from Canada and Mexico.
China's petchem plants could be closed as US LPG tariffs loom
Industry insiders say that Chinese petrochemical manufacturers who buy US LPG worth $11 billion annually will cut production or close for maintenance as Beijing's tariffs on U.S. imported products drive up prices. Over 30 PDH plants rely heavily on U.S. LPG or propane for the production of propylene, a plastics intermediate. Armaan Ashraf is the global head of natural gases liquids for consultancy FGE. He said that tariffs may force Chinese PDH operators cut their average operating rates by 15 percent and reduce demand for propane at steam crackers and PDH by at least 500 000 metric tons each month.
CF Industries and JERA Mitsui form a joint venture to build a $4 billion ammonia plant with low carbon emissions
CF Industries announced on Tuesday that it had formed a joint-venture with Japan's biggest power generator, JERA and trading house Mitsui & Co. to build one the world's most massive low-carbon ammonia plants for around $4 billion. Why is it important? The largest climate change legislation passed in the U.S. in history by former President Joe Biden in 2022 was meant to spark a boom in American energy development, including low-carbon emissions products. Ammonia manufacturer CF Industries has said that it expects to…
CF Industries and a JV form a $4 billion low-carbon Ammonia facility
CF Industries announced on Tuesday that it has formed a joint-venture with Japan's biggest energy company, JERA, as well as investment firm Mitsui, to build a low-carbon ammonia plant for around $4 billion. Why is it important? The largest climate change legislation passed in the U.S. in 2022 was aimed at launching a boom of clean energy products in America, including those with low carbon emissions. Ammonia manufacturer CF Industries has said that it expects to qualify for a 45Q tax credit based on the sequestration and storage of approximately 2.3 million metric tonnes of carbon dioxide per year.
Europe struggles to compete with China in rare earths
A consultant stated on Tuesday that Europe is likely to be able only to produce a small amount of the rare earths needed for electric vehicles and turbines in 2030. This is mainly because China, as a dominant producer, will offer cheap prices. In recent years, Europe and the U.S. struggled to increase domestic production and processing to reduce dependence on China. China accounts for 90% of all processed rare earths worldwide. Laurent Migom, a consultant at Bain, said that there is a 20%-40% cost difference between a Chinese value chain and a European value chain.
EUROPE GAS - Prices range as the market weighs tariff impact
The Dutch and British gas price rose slightly on Tuesday and are expected move in the same direction as the market evaluates the impact of U.S. energy tariffs amid concerns that slow global growth may impact demand. LSEG data shows that the benchmark Dutch front-month contract increased by 0.71 euros, or $11.54/mmBtu to 36.28 Euros per megawatt hour. On Monday, the contract reached 33.65 Euros/MWh, its lowest since September 2024. The Dutch June contract increased by 0.42 Euros to 36.50 Euros/MWh. The British day-ahead contracts was up by 1.34 pence to 88.75p/therm. The global trade tensions escalated Monday, after U.S.
Indonesia makes trade concessions to the US before talks
Indonesia made a series of concessions to the U.S. on Tuesday. These included reducing taxes on steel and electronic goods, in advance of negotiations with Washington regarding President Donald Trump's tariffs. Next week, the largest economy in South East Asia will send a delegation of high-level officials to the United States to seek a deal that would ease the impact on Wednesday's 32% tariff. Airlangga Hartarto will lead Indonesia's delegation to the U.S. and said that Indonesia intends to purchase liquefied gas, liquefied gas natural, and soybeans as part of its negotiations.
Chinese LNG buyers resell US shipments as tariffs bite
As tit-fortat tariffs increase import costs, Chinese buyers are reselling U.S.-sourced LNG cargoes. This trend will accelerate this month as new multiyear supply agreements kick in and domestic demand is expected to weaken, traders and analysts report. Beijing, which had imposed 15% tariffs for U.S. imports of LNG in early February, imposed reciprocal tariffs beginning on April 10 on all U.S. products, matching the move by U.S. president Donald Trump to impose 34% more tariffs on Chinese items. Data from Kpler & LSEG shows that China, which is the largest purchaser of liquefied gas in the world, imported no U.S. LNG during March.
South Korea's trade minister is considering steps to boost US imports
The South Korean trade minister stated on Tuesday that his government is considering a package of measures designed to increase U.S. exports. He was heading to Washington for negotiations over U.S. Tariffs. Minister Cheong Inkyo said that it was good news for him to hear that Donald Trump, the U.S. president, had said there was no reason why tariff talks with other nations than China could not be held. Why not increase imports (to the U.S.?) if it is hard to reduce exports? Before flying to Washington, Cheong stated that we had been examining many different packages in order to solve the trade imbalance problem.
EUROPE GAS-Global trade fears fuel market volatility
Dutch and British gas rates recovered some of their earlier losses, after increasing on Monday. However, they then fell back down again as fears about a global war leading to a weaker demand for energy fuelled volatility. LSEG data shows that the benchmark Dutch front-month contract fell 0.55 euros, or $11.55/mmBtu to 35.90 Euros per megawatt hour. The contract reached 33.65 Euros/MWh earlier in the year, its lowest level ever since September 2024. The Dutch June contract is down 0.67 Euros at 36.08 EUR/MWh. The British day-ahead contracts was down by 2.09 pence to 87.41p/therm.
Afreximbank, an oil and gas investor, has allocated $3 billion to support local refineries
A senior executive revealed that the African Export-Import Bank, (Afreximbank), which is a major investor in oil-and-gas projects, had set aside $3 billion for financing the purchase of refined goods within Africa, as part of plans to increase refining capacities. Bank and analysts say that Africa exports 80% of its crude oils and 45% of its natural gas, making it heavily dependent on imported refined products. The energy landscape in sub-Saharan Africa is characterized by aging refineries and a lack of storage infrastructure.
Palm extends its losses as soyoil and crude oil prices fall
Malaysian palm futures dropped to a 10-week-low on Monday. Pressured by lower soyoil prices and crude oil, fears of a trade war arose from China's retaliatory duties on U.S. products. The benchmark contract for palm oil delivery in June on Bursa Derivatives exchange fell 146 ringgit or 3.37% to close at $4,182 Ringgit ($934.32) per metric ton. Earlier in the session, the contract reached a low of 4163 ringgit. This was its lowest level since 24 January. The contract has fallen 6.84% in three sessions. Anilkumar bagani…
Shell reduces its first-quarter LNG Production Outlook
Shell has lowered its outlook for first-quarter LNG production in a trading report on Monday. It cited the impact of bad Australian weather, before publishing results on May 2nd. The British company forecasted that the LNG production would be between 6.4 and 6.8 millions metric tons. This is a decrease from its previous forecasts of 6.6 to 7.2 tons. In the fourth quarter last year, it produced 7.1 millions tons of LNG. The company stated that the downward revision was due to cyclones in Australia and unplanned maintenance. It added that the trading results of its gas division are expected be similar to the previous quarter.
VEGOILS-Palm falls tracking weaker soyoil, crude oil prices
Malaysian palm futures declined on Monday for the third consecutive session. They were weighed down on lower soyoil prices and crude oil, while China's retaliatory duties on U.S. products raised fears of an international trade war. At midday, the benchmark palm oil contract on Bursa Derivatives exchange for June delivery fell 57 ringgit or 1.32% to 4,271 Ringgit ($957.62). Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group, said that crude palm oil futures fell, following a sharp drop in Chicago soyoil prices and falling energy costs. China's announcement to impose 34% tariffs in retaliation on U.S.
Maxeon Solar will establish alternative supply chains in the face of tariff turmoil
Maxeon Solar Technologies, a renewable energy company, announced on Friday that it would create alternative supply and manufacturing chains in response to the tariffs levied by U.S. president Donald Trump. After the bell, shares of the company rose 4.6%. The move comes in the midst of a global trade war that is intensifying after Trump on Thursday imposed a baseline 10% tariff on all U.S. imported goods, as well as higher duties on dozens other countries. Maxeon stated that the new tariffs, trade barriers and restrictions would apply to all of its existing cell and module manufacturing plants.
Stocks of tech and bank companies plummet as China's retaliation fuels fears of a wider trade war
U.S. tech giants, banks, and oil majors all fell on Friday, after China responded to Trump's new tariffs by imposing steep duties. This heightened fears of an economic recession around the world. China has imposed additional duties of 34 percent on U.S. products, which will take effect on April 10. China also announced a ban on the export of certain rare-earths, and added a number of U.S. companies to its "unreliable entity" list. This allows Beijing to take punitive measures. On Wednesday, U.S. president Donald Trump announced 34% tariffs on imports coming from China and a 10% base tariff on the majority of goods entering the U.S.
As Trump tariffs cause demand concerns, refining stocks plummet to levels not seen in two years.
Investors were rattled by fears about a slowdown in oil and fuel consumption and a decline in refining margins after President Trump announced new tariffs. According to LSEG data, the market capitalization of top refiners Marathon Petroleum and Valero Energy, as well as Phillips 66, has dropped by more than 20 billion dollars since Trump announced new tariffs Wednesday afternoon. Alan Gelder is vice president for refining chemicals and oil markets, Wood Mackenzie. The price of crude oil futures was at its lowest level in four years, and headed for the biggest weekly percentage loss in over two years.
