In this list
Agriculture | Energy | Coal | Oil | Metals

Market Movers Asia, April 24-28: Rising temperatures to lift Asian coal, gas demand; China’s Q1 oil output in focus

Commodities | Energy | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Shipping | Tankers

Dark ship-to-ship transfers keep Russian oil flowing despite sanctions

Energy | Oil | Crude Oil

Platts Crude Oil Marketwire

Energy | Oil | Energy Transition

APPEC 2023

Energy | Oil | Crude Oil

OPEC+ output cut talks begin, with eyes on heavyweights Saudi Arabia, UAE

Energy | Energy Transition | Petrochemicals | Oil | Coal | Natural Gas | Agriculture | Electric Power | Hydrogen | Emissions | Carbon | Polymers | LPG | Refined Products | Aromatics | Fuel Oil | Jet Fuel | Gasoline | Crude Oil | Biofuels | Renewables | Electricity

Insight Conversation: Saif Humaid al Falasi, ENOC Group

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

Watch: Market Movers Asia, April 24-28: Rising temperatures to lift Asian coal, gas demand; China’s Q1 oil output in focus

  • Featuring
  • Neo Rong Wei
  • Commodity
  • Agriculture Energy Coal Oil Metals
  • Length
  • 01:36
  • Topic
  • Biofuels and Energy
In this week's Market mover's Asia with Neo Rong Wei:
  • Asia's heat waves seen boosting coal, gas demand
  • Asian thermal coal demand likely to pick up
  • China's oil and gas majors to unveil Q1 operational results
  • South Korea's Q1 steel production eyed
  • Australia's wheat output in focus after forecast of below-normal rains

View Full Transcript

Soaring temperatures in several parts of Asia are driving up power demand and will likely boost consumption of generation fuels, like coal and gas, in the coming days.

The increased demand could also lead to higher LNG imports and support prices at a time when the market has been flusha with LNG cargoes, due to high inventories and a warm winter season.

Demand for Asian thermal coal is also seen higher, as end-users, especially in India, prepare for summer stockpiling amid the ongoing heat waves in several parts of the country.

In China, state-owned oil and gas majors will release their Q1 operational results this week. Market participants will watch out for signs of demand recovery in the first quarter after the country relaxed its pandemic-related curbs.

China's crude throughput rose 5.5% in Q1, with volumes reaching an over 7-year high of 14.97 million b/d in March.

In metals, South Korean steelmakers will release their Q1 production results, which are likely to show a decline in output amid poor demand.

Over in agriculture, the attention will be on Australia's wheat sowing season, which is expected to start soon. The country's meteorology department forecasts below-average showers for most parts of Australia till July, a crucial window for wheat seeding, which may impact output.

I'm Neo Rong Wei, thank you for kicking off your Monday with S&P Global Commodity Insights.