A round-up of the latest Argus news stories focusing on the US-Iran conflict.
TOP HEADLINES:
- Trump keen to outsource Hormuz naval burden
- EU has ‘no appetite’ for strait of Hormuz mission
- WTI falls as US-Iran war enters third week
- Trump asks to delay summit with Xi: Update
LATEST NEWS
- Crude
– Norway’s Johan Castberg crude at record to Dated
– Kazakh Kebco crude hits record high against Dated
– Argus-indexed WTI Houston financial open interest rises
– Nigerian crude prices jump on strong European margins
– Back of crude price curve grinds higher as war persists
– Algerian Saharan Blend crude at record high to Dated
- Refined products
– US west coast imports to slow as Asia looks inward
– US base oil premium to diesel falls again
– British Airways extends Mideast flight cancellations
- Petchems
– US methanol barge trade at 14-month high
- Fertilizer/Agriculture
– Egypt’s Mopco sells granular urea at $710/t fob
- Metals
– Rising freight rates may disrupt Guinean bauxite exports
- Biomass
– NA, Asian imports still cheaper than European pellets
