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S&P Global Commodity Insights: India's fondness grows for Russian ESPO crude, a hot favorite in China * An all-time favorite among China's private refiners, seaborne Russian ESPO Blend crude oil is starting to attract buyers in India, a trend that could intensify competition between two of Asia's top oil importers. * Although Indian refiners have remained tight-lipped about their recent ESPO deals, talk of multiple import deals being sealed by both private and state-run refiners in the country has already lifted premiums for the grade. * "Indian refiners' purchases of E...
S&P Global Commodity Insights: India's fondness grows for Russian ESPO crude, a hot favorite in China
S&P Global Commodity Insights: India's fondness grows for Russian ESPO crude, a hot favorite in China
Source: PR Agency
7/03/2023 5:46:51 PM
S&P Global Commodity Insights: India’s January power demand grew by 18% year on year Higher power demand driven by abnormal weather India’s power demand for January was 184 aGW, which is 18% higher year on year. The strong demand was mostly driven by colder than normal weather as HDDs for January was on average 1.5°C higher per day. However, since Jan. 21, the weather has flipped and has turned warmer than normal and is driving cooling demand. For Feb. 1-12, CDDs were about 2°C higher per day year on year, and power demand has averaged 197 aGW and is abo...
S&P Global Commodity Insights: India’s January power demand grew by 18% year on year
S&P Global Commodity Insights: India’s January power demand grew by 18% year on year
Source: PR Agency
24/02/2023 3:00:17 PM
S&P Global Commodity Insights: India`s January power demand grew by 18% year on year Higher power demand driven by abnormal weather India’s power demand for January was 184 aGW, which is 18% higher year on year. The strong demand was mostly driven by colder than normal weather as HDDs for January was on average 1.5°C higher per day. However, since Jan. 21, the weather has flipped and has turned warmer than normal and is driving cooling demand. For Feb. 1-12, CDDs were about 2°C higher per day year on year, and power demand has averaged 197 aGW and is abo...
S&P Global Commodity Insights: India`s January power demand grew by 18% year on year
S&P Global Commodity Insights: India`s January power demand grew by 18% year on year
Source: PR Agency
17/02/2023 5:35:53 PM
S&P Global Commodity Insights: Asia prepares for two-way oil product flows as EU ban, price cap take effect Asia is preparing to see more Russian oil products flowing into the region following the EU ban that came into effect Feb. 5, while the supply squeeze in the West will create ample opportunities for Asian refiners to cater to those requirements and reap lofty margins. However, shipping costs and logistics will pose challenges as long-haul product shipments in relatively small tankers all the way from Asia to destinations in regions such as Europe may not be viable commercial options unless th...
S&P Global Commodity Insights: Asia prepares for two-way oil product flows as EU ban, price cap take effect
S&P Global Commodity Insights: Asia prepares for two-way oil product flows as EU ban, price cap take effect
Source: PR Agency
6/02/2023 3:32:37 PM
S&P Global Commodity Insights: Asia's crude, oil products flows may see dramatic shifts * Asian oil markets in 2023 are set to witness a dramatic shift in trade flows as Russian cargo inflows rise while African and US crudes are increasingly diverted to Europe. At the same time, market participants are expecting the flow of Asian oil products to countries looking to fill the gap caused by EU sanctions on Russian products, due in February 2023. * Asian oil buyers would still be hoping for a return of Iranian crude, even though chances might be slim. Iranian crude could potential...
S&P Global Commodity Insights: Asia's crude, oil products flows may see dramatic shifts
S&P Global Commodity Insights: Asia's crude, oil products flows may see dramatic shifts
Source: PR Agency
24/12/2022 3:19:19 PM
S&P Global Commodity Insights Releases its Latest 2023 Energy Outlook India  – Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released the latest 2023 energy outlook.  “China’s COVID policy is the most important fundamental factor for global demand in commodities and energy in 2023,” according to Dan Klein, Head of Energy Pathways, S&P Glo...
S&P Global Commodity Insights Releases its Latest 2023 Energy Outlook
S&P Global Commodity Insights Releases its Latest 2023 Energy Outlook
Source: PR Agency
14/12/2022 5:49:10 PM
S&P Global Commodity Insights: India snaps up EU`s displaced crude as Russian oil curbs kick in * Russia's seaborne crude exports were little changed in November at just over 3 million b/d after flows to India surged to a record high, absorbing barrels displaced from Europe where imports sank to all-time lows ahead of the EU's Dec. 5 import ban and G7 price cap, according to tanker tracking data. * Seaborne exports of Russian crude averaged 3.07 million b/d in November, according to S&P Global Commodities at Sea data, down from 3.09 million b/d in October and just below t...
S&P Global Commodity Insights: India snaps up EU`s displaced crude as Russian oil curbs kick in
S&P Global Commodity Insights: India snaps up EU`s displaced crude as Russian oil curbs kick in
Source: PR Agency
12/12/2022 5:47:35 PM
Oil prices rise as cap set Russian crude Oil prices rose on Monday following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 a barrel, BBC reported. Brent crude added around 1 per cent to above $86 in Asia trading. The move - which could come into force on Monday - raises Western pressure on Russia over the invasion of Ukraine. It comes after oil producers' group Opec+ agreed to stick to its policy to reduce production, amid slower global growth and higher interest rates, B...
Oil prices rise as cap set Russian crude
Oil prices rise as cap set Russian crude
Source: IANS
5/12/2022 12:27:19 PM
S&P Global Commodity Insights: India`s coal-fired power generation remains high * India’s power demand shows seasonal decline, but thermal gap stable as renewables also decline for the shoulder season * Delhi’s air pollution improves from early November * Gas-fired power generation shows no recovery, indicating no spot LNG used as fuel * Coal-fired power generation continues to balance the power mix, but stocks remain low India’s power demand for Nov. 1-12 is estimated to 168 aGW, which is 23 aGW higher year on year. The strong demand is dri...
S&P Global Commodity Insights: India`s coal-fired power generation remains high
S&P Global Commodity Insights: India`s coal-fired power generation remains high
Source: PR Agency
15/11/2022 4:41:32 PM
S&P Global Commodity Insights: Asia`s appetite for African crude slows as Ukraine conflict redraws trade flows * Asia may end the year 2022 with a sharp drop in crude inflows from Africa as relatively higher freight rates, a wider Brent-Dubai spread and increased competition from European refiners looking for alternatives to Russian supplies created hurdles, a trend that is unlikely to change anytime soon, analysts told S&P Global Commodity Insights. * In addition, the plentiful availability of Russian crude at discounted prices -- shunned by many western countries -- prompted refiners in leadi...
S&P Global Commodity Insights: Asia`s appetite for African crude slows as Ukraine conflict redraws trade flows
S&P Global Commodity Insights: Asia`s appetite for African crude slows as Ukraine conflict redraws trade flows
Source: PR Agency
8/11/2022 4:16:11 PM
COP27 and Seven Themes to Watch - An Analysis by S&P Global Commodity Insights In the run up to COP27 a few things are clear. One year ago, there was a palpable sense of optimism heading into COP26 in Scotland. The conference resulted in a mixed bag of decisions on climate, and just a few months later, Russia invaded Ukraine, upending the world just as it was recovering from a pandemic. On top of this, 2022 brought continued constraints to supply chains, higher inflation and rising interest rates, spelling a loss of stability to the global macroeconomy.    ...
COP27 and Seven Themes to Watch - An Analysis by S&P Global Commodity Insights
COP27 and Seven Themes to Watch - An Analysis by S&P Global Commodity Insights
Source: PR Agency
4/11/2022 2:50:45 PM
S&P Global Commodity Insights: India`s September oil demand remains robust, 2022 consumption on track to edge past 2019 levels * India's September oil demand rose by 334,000 b/d over weak base last year, driven by gasoil and gasoline * Q4 demand is expected to rise sequentially due to festive and holiday seasons, increase modestly on year * India's demand is expected to grow 300,000 b/d in 2022, driven by middle distillates before easing to 230,000 b/d in 2023 India's September oil product demand was flat month on month but up on the year by 334,000 b/d on a weak base in the previous year, driven by ...
S&P Global Commodity Insights: India`s September oil demand remains robust, 2022 consumption on track to edge past 2019 levels
S&P Global Commodity Insights: India`s September oil demand remains robust, 2022 consumption on track to edge past 2019 levels
Source: PR Agency
14/10/2022 11:25:44 AM
The commodity market boom is over Energy, metals and agriculture prices have all tumbled from their March peak on inflationary recession fears amid a slew of economic warning signs, but a commodity bust is far from inevitable, S&P Global Commodity Insights said in a report. The commodity market boom is over, the report said. Since early 2020, more and more analysts have been championing the idea of a new commodity supercycle, with an economic recovery turbo-charged by low interest and pandemic-led fiscal stimulus measu...
The commodity market boom is over
The commodity market boom is over
Source: IANS
2/08/2022 4:04:01 PM
S&P Global Commodity Insights : India`s June oil demand stronger than expected but on-year growth in H2 2022 likely to ease * India's June oil demand rises 16.3% on year from a low base, driven by gasoil and gasoline * Q3 demand is expected to dip sequentially due to the monsoon season before rebounding in Q4 * India's demand is expected to grow 280,000 b/d in 2022, 160,000 b/d in 2023 * Middle distillates will account for more than half of the 2022 growth, driven by pent-up demand India's oil product demand in June rose 704,000 b/d, or 16.3%, year on year from a weak ba...
S&P Global Commodity Insights : India`s June oil demand stronger than expected but on-year growth in H2 2022 likely to ease
S&P Global Commodity Insights : India`s June oil demand stronger than expected but on-year growth in H2 2022 likely to ease
Source: PR Agency
13/07/2022 2:21:23 PM
S&P Global Commodity Insights: Monsoon rains, European demand set to keep India's gasoil exports robust * "The arrival of monsoon is expected to lead to a dip in domestic gasoil demand, especially from the construction sector and trucking, and we expect that there will be an increase in diesel exports out of India in the third quarter versus the second quarter," said Lim Jit Yang, advisor for Asia-Pacific oil markets at Platts Analytics of S&P Global Commodity Insights. * According to Platts Analytics, India's diesel exports rose by nearly 15% year on year to an average of ...
S&P Global Commodity Insights: Monsoon rains, European demand set to keep India's gasoil exports robust
S&P Global Commodity Insights: Monsoon rains, European demand set to keep India's gasoil exports robust
Source: PR Agency
2/07/2022 5:12:55 PM
India continues to grapple with 'severe and protracted power crisis' after surge in coal prices India is continuing to grapple with a "severe and protracted" power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia's invasion of Ukraine in February, S&P Global Commodity Insights said. The global price pressure eroded India's import volumes and reduced its power plant stockpiles to critically low levels just as an unrelenting heat wave pushed demand to unprecedented levels. The country generates more than 75% of its...
India continues to grapple with 'severe and protracted power crisis' after surge in coal prices
India continues to grapple with 'severe and protracted power crisis' after surge in coal prices
Source: IANS
28/06/2022 8:26:12 AM
S&P Global Commodity Insights: 5 key drivers of India's protracted coal crunch * India is continuing to grapple with a severe and protracted power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia's invasion of Ukraine in February. * The global price pressure eroded India's import volumes and reduced its power plant stockpiles to critically low levels just as an unrelenting heat wave pushed demand to unprecedented levels. The country generates more than 75% of its power from coal, and is the worl...
S&P Global Commodity Insights: 5 key drivers of India's protracted coal crunch
S&P Global Commodity Insights: 5 key drivers of India's protracted coal crunch
Source: PR Agency
27/06/2022 3:17:53 PM
India's fuel consumption up 22% in May 2022: S&P Global S&P Global Commodity Insights in a note has said that India's fuel consumption was up 860,000 barrels per day or 22 per cent year-on-year in May 2022 from a low base in 2021. It said the demand for May was some 80,000 barrel higher than its growth forecast, partly due to stronger-than-expected demand for transportation and the government's announcement of a cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre, which provided some support for de...
India's fuel consumption up 22% in May 2022: S&P Global
India's fuel consumption up 22% in May 2022: S&P Global
Source: Accord Fintech
15/06/2022 1:41:03 PM
India's fuel demand up 22% YoY in May: S&P Global Commodity Insights India's oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note. The demand for May was some 80,000 barrel higher than its growth forecast, partly due to stronger-than-expected demand for transportation and the government's announcement of a cut in excise duty on patrol by Rs 8 per litre and Rs 6 per litre on diesel, which provided some support for demand. On a year-on-year bas...
India's fuel demand up 22% YoY in May: S&P Global Commodity Insights
India's fuel demand up 22% YoY in May: S&P Global Commodity Insights
Source: IANS
14/06/2022 5:12:28 PM
S&P Global Commodity Insights: OPEC+ move dispels Asia's crude supply concerns amid reviving demand * Asia is breathing a sigh of relief amid growing expectations that the move by the OPEC-led alliance to boost supplies as well as sustained releases from the US strategic reserves will finally help to clear the uncertainty over cargo availability and rectify the mismatch between global demand and supply. * With China's demand recovering after lockdowns and the rest of Asia pushing to reopen their economies, analysts said the incremental supplies should provide breathing space to refin...
S&P Global Commodity Insights: OPEC+ move dispels Asia's crude supply concerns amid reviving demand
S&P Global Commodity Insights: OPEC+ move dispels Asia's crude supply concerns amid reviving demand
Source: PR Agency
10/06/2022 11:30:27 AM
India aims to cut power output from 81 coal plants, replace green energy India plans to reduce power generation from 81 thermal coal-fired plants over the next four years, as part of its efforts to switch to clean energy sources and cut carbon emissions, according to a letter seen by S&P Global Commodity Insights. The letter, dated May 26, and sent to energy departments of the state and Central government, noted that according to current regulations, thermal power plants need to operate at a minimum of 55 per cent but reduction of generation from such plant...
India aims to cut power output from 81 coal plants, replace green energy
India aims to cut power output from 81 coal plants, replace green energy
Source: IANS
31/05/2022 3:54:18 PM
S&P Global Commodity Insights : India plans to reduce power output from 81 coal plants, replace with green energy * India's federal power ministry plans to reduce power generation from 81 thermal coal-fired plants over the next four years, as part of its efforts to switch to clean energy sources and cut carbon emissions, according to a letter seen by S&P Global Commodity Insights May 30. The letter, dated May 26 and sent to energy departments of state and central government, noted that according to current regulations, thermal power plants need to operate at a minimum of 55% but reduction of...
S&P Global Commodity Insights : India plans to reduce power output from 81 coal plants, replace with green energy
S&P Global Commodity Insights : India plans to reduce power output from 81 coal plants, replace with green energy
Source: PR Agency
31/05/2022 3:13:36 PM
India's high power demand driven by warm weather, says S&P Global India's power demand during May 1-17 is estimated at 196 GW and it is higher than expected as the demand is driven by sustained warmer-than-normal weather, said S&P Global Commodity Insights. Temperatures for the first half of the month were 2 degrees Celsius higher year-on-year for India, while certain regions, such as Delhi, were 4 degrees C higher. "The May development is a continuation of the situation in April, when a temperature-driven increase in power demand set a n...
India's high power demand driven by warm weather, says S&P Global
India's high power demand driven by warm weather, says S&P Global
Source: IANS
25/05/2022 3:42:33 PM
S&P Global Commodity Insights: India's renewables increase and take some pressure off coal * Continued warm weather drives India’s power demand * Seasonal increase in renewables started * Coal-fired power generation for May declines from April, but stocks are still low * Gas-fired power generation shows little movement, indicating no spot LNG used as fuel High power demand driven by warm weather India’s power demand for May 1-17 is estimated at 196 aGW and is higher than expected. The strong demand is driven by sustained warmer-than-normal weather. T...
S&P Global Commodity Insights: India's renewables increase and take some pressure off coal
S&P Global Commodity Insights: India's renewables increase and take some pressure off coal
Source: PR Agency
25/05/2022 12:59:53 PM
S&P Global Commodity Insights: Indian steel fraternity livid over unexpected, steep export tariffs India's sudden and unexpected revision of export duties on steel products is likely to result in short-term uncertainty and long-term structural ramifications on global steel markets, sources told S&P Global Commodity Insights May 23. Market participants, however, noted that boron-added hot-rolled coil, HS Code 7225, could still be exported, even though the official notification has yet to be published on the gazette. According to sources, this could have been either deliberate on ...
S&P Global Commodity Insights: Indian steel fraternity livid over unexpected, steep export tariffs
S&P Global Commodity Insights: Indian steel fraternity livid over unexpected, steep export tariffs
Source: PR Agency
24/05/2022 12:06:27 PM
India's April fuel intake dips on rising crude prices, to reverse in May India's sustained uptrend in oil consumption came to a halt and slipped into the red in April from March levels as rising domestic retail fuel prices on the back of surging crude took a toll on gasoline, diesel and LPG demand, said S&P Global Commodity Insights. However, analysts said the trend could get reversed in May. "Middle distillates will account for more than half of 2022 growth, partly due to a slow recovery last year. But there are still risks of downward adjustme...
India's April fuel intake dips on rising crude prices, to reverse in May
India's April fuel intake dips on rising crude prices, to reverse in May
Source: IANS
18/05/2022 4:17:00 PM
India’s April oil demand stronger than anticipated, likely to stay robust in H2 - S&P Global Commodity S&P Global Commodity Insights: India’s April oil demand stronger than anticipated, likely to stay robust in H2 India's April oil demand rises 11.4% on year, driven by gasoil, gasoline H2 demand is expected to strengthen, driven by broad-based pickup in economic activity India’s demand expected to grow 245,000 b/d in 2022, 195,000 b/d in 2023 Middle distillates will account for more than half the 2022 growth, with a downside risk India's April ...
India’s April oil demand stronger than anticipated, likely to stay robust in H2 - S&P Global Commodity
India’s April oil demand stronger than anticipated, likely to stay robust in H2 - S&P Global Commodity
Source: PR Agency
16/05/2022 11:56:11 AM
S&P Global Commodity Insights: India’s oil demand remains robust in March, likely to ease near term on high fuel prices before improving in H2 * India's oil demand rises 3.7% on year in March, driven by LPG, gasoil and gasoline * High frequency indicators such as mobility and flight statistics are showing signs of easing * High fuel prices likely to dampen near-term demand but recovery in H2 is still expected * India’s demand is expected to grow by 225,000 b/d in 2022, and by 185,000 b/d in 2023 * Middle distillates will account for half of the growth in 2022, partly due to a slow recovery in 2021 India'...
S&P Global Commodity Insights: India’s oil demand remains robust in March, likely to ease near term on high fuel prices before improving in H2
S&P Global Commodity Insights: India’s oil demand remains robust in March, likely to ease near term on high fuel prices before improving in H2
Source: PR Agency
14/04/2022 9:59:29 AM
S&P Global Commodity Insights: India's oil demand rebounds in Feb but likely to be dampened by high fuel prices in the months ahead India's February oil product demand was up 98,000 b/d or 2% year on year, driven higher by LPG, gasoline and other minor products, which were up 55,000 b/d, 26,000 b/d and 42,000 b/d, respectively. The latter was helped by asphalt, which saw demand rise by 32,000 b/d over the same period. Demand was supported by the easing of COVID-related restrictions, coupled with pent-up demand from activity during the elections, with the month-on-month increase nearly 10%. In fact, demand for all othe...
S&P Global Commodity Insights: India's oil demand rebounds in Feb but likely to be dampened by high fuel prices in the months ahead
S&P Global Commodity Insights: India's oil demand rebounds in Feb but likely to be dampened by high fuel prices in the months ahead
Source: PR Agency
23/03/2022 4:42:16 PM