Argus Media
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Argus Media Ltd (formerly known as Petroleum Argus Ltd) is an independent media organisation with more than 700 full-time staff. It is headquartered in London, England and has offices in each of the world’s principal energy centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus’ staff are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. Source
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| Scope | International, Trade/B2B |
|---|---|
| Language | English |
| Country | United Kingdom |
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Recent Articles
Search ArticlesAbu Dhabi's Adnoc raises January sulphur price by $9/t
Abu Dhabi's state-owned Adnoc set its January official sulphur selling price (OSP) for the Indian subcontinent at $174/t fob Ruwais, up by $9/t from its December OSP of $165/t fob. Adnoc's January OSP implies a delivered price of $191-193/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India having last been assessed at $17-19/t on 19 December. The announced OSP fob price has risen by $97/t in the space of a year, from $77/t fob Ruwais in January last year.
Western RE refining projects attempt 2025 push
Attempts to establish commercial-scale rare earth separation and processing outside China are growing in number and progressing gradually with a view to ramping up output over the next two years. Mineral resources developers are scrambling to reassess and upgrade their estimates of mineable rare earth element (REE) content as western governments attempt to encourage producers to establish production closer to home.
EU HRC imports top 500,000t at start of 2025
At least 530,000t of hot-rolled coils (HRC) have been put forward for customs clearance in the EU as of yesterday, according to newly-reset safeguard quotas data tracked by Argus. This includes 181,874t of Japanese and 150,920t of Vietnamese material. Each country has a duty-free allowance of 138,766t per quarter, which indicates a pro-rata safeguard duty will be payable.
Viewpoint: Med may take more Mideast crude in 2025
The Mediterranean region's capacity to absorb returning sour crude output in 2025 will hinge on nimble pricing strategies by Saudi Arabia and Iraq. The Mediterranean imported around 4.67mn b/d of crude in 2024, down from 4.92mn b/d in 2023, Vortexa data show. The drop follows heavy spring refinery maintenance, unplanned refinery outages and weak product margins that prompted some refiners in the region to cut crude runs.
Viewpoint: India bitumen demand growth prospects mixed
Prospects of India's 2025 bitumen consumption growth are mixed, as state governments' delayed disbursement of project funds are likely to persist and weigh on demand while the many incomplete projects could boost consumption. India is a net bitumen importer and the biggest consumer of Middle East origin bitumen, especially from Iran.
Viewpoint: Road auctions may buoy Brazil asphalt demand
Demand for asphalt in Brazil is expected to remain elevated in 2025, boosted by a number of highway projects planned to be tendered this year. The Ministry of Transportation expects to seek tenders in 15 auctions this year. Overall, the Brazilian Association of Highway Concessionaires looks for 3,000km worth of roadway projects to be awarded at the federal level, along with another 4,000km at the state level.
Viewpoint: European jet may struggle to find support
European jet fuel prices weakened over the course of 2024, and support is difficult to see in the coming year. Outright jet fuel values in Europe averaged $802/t between January and November, with the highest prices between February and April. In the second half of 2024 prices fell, to average $721.50/t in November, down by almost 18pc from January and even more compared with the November 2023 average of $921.50/t.
EU sulphur shortage persists, limiting sul acid output
Liquid sulphur in Northwest Europe is expected to remain short in 2025, with production limited by lower output from refineries, and demand outstripping supply. Sulphur supply curbed In the past two years sulphur output from European refineries has dropped as a result of poor refining margins and competition from imports from new mega-refineries out of region. Additionally, sanctions on Russian crude oil imports to European refineries have turned the crude slate in the region sweeter.
Q&A: EU biomethane internal market challenged
The European Commission needs to provide clearer guidance on implementing existing rules for the cross-border trade of biomethane to foster a cohesive internal market as some EU member states are diverging from these standards, Vitol's Davide Rubini and Arthur Romano told Argus. Edited excerpts follow. What are the big changes happening in the regulation space of the European biomethane market that people need to watch out for?
Viewpoint: Trump, macro issues ahead for US renewables
A combination of substantial policy shifts under president-elect Donald Trump and macroeconomic issues puts the US renewable power sector on uncertain footing to begin 2025. Analysts expect the federal tax credits that have bolstered new renewable generation during its substantial growth over the past decade will survive in some fashion, although Trump campaigned on repealing the Inflation Reduction Act (IRA).