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S&P Global Commodity Insights Weekly ET News Highlights – August 15, 2022

India looks to make carbon credits ineligible for export US solar facing delays, offshore wind prospects brighten Germany’s Salzgitter launches green steel program Two major developments rocked Asia’s clean energy markets – India’s power and renewabl...

News And Insight

S&P Global Commodity Insights Weekly ET News Highlights – August 15, 2022

Energy, Energy Transition

Indonesia to expand corn, sorghum cultivation by 2024 to bolster feed grain security

Indonesia's plan to increase sorghum and corn cultivation over the next two years was expected to increase feed grain availability for domestic livestock farming, but the impact on prices would hinge on the extent on the increase and the yield, marke...

News And Insight

Indonesia to expand corn, sorghum cultivation by 2024 to bolster feed grain security

Agriculture

S&P Global Commodity Insights Weekly ET News Highlights – August 8, 2022

Drought depletes Europe’s hydro winter buffer Inflation RA earns praise from all sectors of US energy industry India plans national carbon market framework In Asia, it is now India’s turn to put together a national carbon market framework, with an of...

News And Insight

S&P Global Commodity Insights Weekly ET News Highlights – August 8, 2022

Energy, Energy Transition

UK adults cut back on oil products, gas, electricity use as costs rise: data

More evidence of demand destruction in advanced economies emerged Aug. 5 when a closely watched survey of consumer habits by the Office of National Statistics showed that 42% of adults in the UK had cut back on non-essential travel in vehicles in res...

News And Insight

UK adults cut back on oil products, gas, electricity use as costs rise: data

Energy, Electric Power, Natural Gas

India to update climate commitment with 50% renewable power mix pledge

India is to update its Nationally Determined Contribution (NDC) under the United Nations' Framework Convention on Climate Change to include a 50% target for renewables in the power mix by 2030, the Environment Ministry said Aug. 3. The update confirm...

News And Insight

India to update climate commitment with 50% renewable power mix pledge

Energy, Electric Power, Energy Transition

Platts to exclude Russian-origin material from European gasoline assessments effective Sept. 1, 2022

Effective Sept. 1, 2022, Platts will no longer reflect Russian-origin product in its open-origin European assessments of gasoline barges and cargoes. The decision by Platts, part of S&P Global Commodity Insights, follows a review into the continued i...

News And Insight

Platts to exclude Russian-origin material from European gasoline assessments effective Sept. 1, 2022

Energy, Oil, Refined Products

S&P Global Commodity Insights Weekly ET News Highlights – August 1, 2022

Deal on $369 billion US climate spending China regional power market trials begin Middle East takes bold carbon capture steps A huge breakthrough in US climate action took place on July 27 with agreement between Democratic Senate Majority Leader Chuc...

News And Insight

S&P Global Commodity Insights Weekly ET News Highlights – August 1, 2022

Energy, Energy Transition

Biofuels get boost from tax credits, infrastructure funding in surprise US Senate budget proposal

Biofuel producers who have at times felt overlooked in the wake of the Biden administration's push for vehicle electrification cheered incentives for low-carbon fuels included in a surprise climate investment deal reached by the US Congress. The so-c...

News And Insight

Biofuels get boost from tax credits, infrastructure funding in surprise US Senate budget proposal

Agriculture

Hydrogen tax credits preserved in new US Inflation Reduction Act

The US Inflation Reduction Act, announced July 27, includes support for hydrogen through a new tax credit that will award up to $3/kg for low carbon hydrogen, subject to certain requirements. The multiplier mechanism would bring the tax credit amount...

News And Insight

Hydrogen tax credits preserved in new US Inflation Reduction Act

Energy, Energy Transition

Ukraine's wheat exports slump 53% on year to 325,000 mt in MY 2022-23

Ukraine exported about 325,000 mt of wheat in the marketing year 2022-23 (July-June) as of July 29, down 53.2% on the year, the Ministry of Agriculture said in an update July 31. The country's wheat exports are anticipated to decline sharply in the c...

News And Insight

Ukraine's wheat exports slump 53% on year to 325,000 mt in MY 2022-23

Agriculture

Japan to introduce new refining regulations, incorporate decarbonization efforts

Japan will start formal policy discussions July 28 to introduce a fourth round of refining regulations aimed at boosting the processing volume of vacuum residue, with preferential treatment expected for efforts to decarbonize the refining process, so...

News And Insight

Japan to introduce new refining regulations, incorporate decarbonization efforts

Energy, Oil, Refined Products

Platts to launch carbon-accounted Aframax tanker assessments on 4 European routes Aug 1

Platts, part of S&P Global Commodity Insights, will launch daily carbon-accounted Aframax dirty tanker freight assessments on four key routes in Europe, effective Aug. 1, 2022, to provide further transparency into this developing market. These new as...

News And Insight

Platts to launch carbon-accounted Aframax tanker assessments on 4 European routes Aug 1

Shipping

US EPA seeks court sign-off on proposed June deadline for 2023 biofuel blending rule

The US Environmental Protection Agency would be held to a June 14, 2023, deadline to issue final biofuel blending requirements for 2023, under a proposed consent decree awaiting review by a federal district court. The proposal submitted July 22 to th...

News And Insight

US EPA seeks court sign-off on proposed June deadline for 2023 biofuel blending rule

Agriculture

Saudi Arabia set to double renewables tenders as Middle East growth may pick up

Saudi Arabia is set to double the capacity amount in renewables tenders this year and in 2023, setting the stage for faster growth in mostly solar and wind projects in the Middle East after lagging other regions in recent years. Saudi Arabia's curren...

News And Insight

Saudi Arabia set to double renewables tenders as Middle East growth may pick up

Energy, Energy Transition

ASIA RESIDUAL FUELS: Key market indicators for July 25-29

Asian fuel oil was expected to face further downward pressure over July 25-29 as the market pushes increasingly into trading second-half August loading cargoes. The Asian low sulfur fuel oil market was likely to ease on the back of near-term demand-s...

News And Insight

ASIA RESIDUAL FUELS: Key market indicators for July 25-29

Shipping