Nigeria's governors have called for a full deregulation of the country's downstream oil sector so that pump price floats with global oil prices, as the West African nation cannot sustain a subsidy regime to keep fuel price stable, they said.
Animal feed makers seen using more wheat for chickens, pigs China, Vietnam, S. Korea among importers seen buying more wheat Black Sea wheat quoted at $290/T C&F, corn at $305-$310/T
SINGAPORE, April 27 (Reuters) - Asian feed manufacturers are switching to wheat in animal rations as multi-year high corn prices constrict demand for the yellow grain widely used to fatten hogs and chickens.
Some of the world’s top corn buyers such as China, South Korea and Vietnam are buying more wheat from Australia and the Black Sea region in the months ahead as the landed cost of corn has climbed to a rare premium to wheat, said two Singapore-based grains traders.
By Reuters Staff
2 Min Read
LONDON, April 26 (Reuters) - Trafigura said on Monday that it had sold the first cargo of naphtha, a refined oil product used in plastics, for which the carbon emissions from production to delivery were offset.
The move reflects a growing trend among oil and gas firms to market their products as cleaner and to secure a future for the fossil fuel industry amid an accelerating energy transition.
Trafigura said in a statement it had sold the cargo, which was shipped last week from Corpus Christi, Texas and is due to arrive in the Brazilian Port of Aratuo, to Brazil’s Braskem.
By Reuters Staff
2 Min Read
SINGAPORE, April 23 (Reuters) - Naphtha shipments from west to Asia are expected to rebound to more than 2 million tonnes in May after dipping below average levels this month, trade sources said on Friday.
Naphtha prices in Asia were subdued due to the anticipated increase in supplies and lower demand in the second quarter due to cracker maintenance.
“May arbitrage is relatively bigger and there is some cracker maintenance,” one of the sources said, adding that refineries in Asia have also increased their naphtha output as their margins for the petrochemical raw material were strong.
“There’s less demand and supply has slightly improved, that’s why the market came off,” the source said.