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class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/lng">LNG</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/electric-power">Electric power</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/hydrogen">Hydrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/carbon-markets">Carbon markets</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-biomass-markets">Biomass</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/petroleum-coke">Petroleum coke</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/commodities/coal">Coal</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz expandable">Net zero</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/net-zero">Net zero overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/biofuels-and-feedstocks">Biofuels and feedstocks</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/carbon-markets">Carbon markets</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/hydrogen">Hydrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-biomass-markets">Biomass</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/electric-power">Electric power</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz expandable">Chemicals</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/chemicals">Chemicals overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/methanol">Methanol</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/polymers">Polymers</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/light-olefins">Light olefins</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/heavy-olefins">Heavy olefins</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/aromatics">Aromatics</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/octane-blending">Octane blending</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/chlor-alkali">Chlor-alkali</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/polyurethanes">Polyurethanes</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/oleochemicals">Oleochemicals</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz expandable">Fertilizers</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/fertilizers">Fertilizers overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/nitrogen">Nitrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/npks">NPKs</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/phosphates">Phosphates</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/potash">Potash</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sulphur-and-sulphuric-acid">Sulphur and sulphuric acid</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sustainable-and-specialty-fertilizers">
6Sustainable and specialty fertilizers</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz expandable">Metals</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/metals">Metals overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel">Steel</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel-raw-materials">Steel raw materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/specialty-and-minor-metals">Minor metals</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/rare-earths">Rare earths</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/alloys">Alloys</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/scrap">Scrap</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/pipe-and-tube">Pipe and tube</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/base-metals">Base metals</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/commodities/agriculture">Agriculture</a></li></ul></div></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Industries</button><div class="MainNavigation_secondaryPanel__Yiigf"><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries">Industries overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/freight">Freight</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/upstream-oil-and-gas">Upstream oil and gas</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/oil-refining-and-distribution">Oil refining and distribution</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/biofuels-production">Biofuels production</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/financial-services-commodity-market">Financial services</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/aviation">Aviation</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/petrochemicals">Petrochemicals</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/natural-gas-and-power-distribution">Natural gas and power distribution</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/power-generation">Power generation</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/mining">Mining</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/industrial-manufacturing">Industrial manufacturing</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/automotive-manufacturing">Automotive</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/agri-industry">Agri-industry</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/storage-terminals">Storage terminals</a></li></ul></div></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Solutions</button><div class="MainNavigation_secondaryPanel__Yiigf"><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions">Solutions overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/products">Products</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz expandable">Commodity prices</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/commodity-prices">Commodity prices overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/methodology/key-commodity-prices">Key price assessments</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/methodology">Methodology</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/market-news-and-commentary">Market news and commentary</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz expandable">Analytics and forecasting</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting">Analytics and forecasting overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting/near-term-outlooks">Near term outlooks</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting/long-term-analytics">Long term analytics</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/consulting-projects">Consulting projects</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/risk-solutions">Risk solutions</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/business-intelligence-reports">Business intelligence reports</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz expandable">How we deliver</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver">How we deliver overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/client-portal">Client portal</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/ai-solutions">AI Solutions</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/argus-open-markets">Argus Open Markets</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-spot-ticker">Argus Spot Ticker</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/channel-partners">Channel partners</a></li></ul></li></ul></div></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Events</button><div class="MainNavigation_secondaryPanel__Yiigf"><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events">Events overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events/conferences">Conferences</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events/forums">Forums</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events/webinars">Webinars</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events/our-terms">Our terms</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events/industry-events">Industry events</a></li></ul></div></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">News and insights</button><div class="MainNavigation_secondaryPanel__Yiigf"><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/news-and-insights">News and insights overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/news-and-insights/latest-market-news">Latest market news</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/news-and-insights/energy-and-commodity-podcasts">Energy and commodity podcasts</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/news-and-insights/market-insight-papers">Market insight papers</a></li><li 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position-center"><a title="" target="" class="qa-combinedfeed-cta large cta" href="/en/news-and-insights/energy-and-commodity-podcasts">View all podcasts</a></div></div><div class="qa-tabspanel-list Tabs_panel__uEe2n " role="tabpanel"><div class="row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item Blog_link__iYmxQ Blog_primary__8F4i4 has-image grey" href="https://www.argusmedia.com/en/news-and-insights/market-
9opinion-and-analysis-blog/european-naphtha-prices-lag-refined-products"><div class="qa-combinedfeed-item-eyebrow sub-heading h5">Blog</div><h3 class="qa-combinedfeed-item-title"><p>European naphtha prices drop behind oil product pack</p></h3><div class="qa-combinedfeed-item-summary p Blog_summary__nNg1U"><p>The European naphtha market has been weak this summer, even during extreme spikes in other oil product markets, as naphtha demand from Europe’s petrochemical industry is in a long-term slump.</p></div><hr class="Blog_hr__8TRld"/><div class="qa-combinedfeed-item-date Blog_date__j2eER h6">18/09/26</div><img alt="<p>European naphtha prices drop behind oil product pack</p>" loading="lazy" width="590" height="728" decoding="async" data-nimg="1" class="Blog_image__ESA_e d-none d-lg-block" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_390x620_generic-c.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D1f6461bbf1f1417cb9ac37adf5126bb2%26hash%3DD27C33C4A19A3079C7BE43A393C45E0D&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_390x620_generic-c.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D1f6461bbf1f1417cb9ac37adf5126bb2%26hash%3DD27C33C4A19A3079C7BE43A393C45E0D&w=1200&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_390x620_generic-c.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D1f6461bbf1f1417cb9ac37adf5126bb2%26hash%3DD27C33C4A19A3079C7BE43A393C45E0D&w=1200&q=75"/></a></div><div class="col-12 col-lg-6"><div class="Blog_secondaryGroup__O8Gp1 row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-secondary-item Blog_link__iYmxQ grey" href="https://www.argusmedia.com/en/news-and-insights/market-opinion-and-analysis-blog/tech-cdr-market-contracts-jan-aug-beccs-biochar"><div class="qa-combinedfeed-item-eyebrow sub-heading h5">Blog</div><h3 class="qa-combinedfeed-item-title Blog_title__lutvn"><p>Carbon - 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9pean-ethylene-derivatives-imports-trade-flow-map"><div class="qa-combinedfeed-item-eyebrow sub-heading h5">Insight papers</div><h3 class="qa-combinedfeed-item-title Blog_title__lutvn"><p>Major European Ethylene & Derivatives Imports</p></h3><hr class="Blog_hr__8TRld"/><div class="qa-combinedfeed-item-date Blog_date__j2eER h6">22/09/26</div></a></div><div class="col-12 col-lg-6"><a class="qa-combinedfeed-secondary-item Blog_link__iYmxQ grey" href="https://www.argusmedia.com/en/news-and-insights/market-insight-papers/methanol-trade-flow-map-2025"><div class="qa-combinedfeed-item-eyebrow sub-heading h5">Insight papers</div><h3 class="qa-combinedfeed-item-title Blog_title__lutvn"><p>Methanol Trade Flow Map 2025</p></h3><hr class="Blog_hr__8TRld"/><div class="qa-combinedfeed-item-date Blog_date__j2eER h6">22/09/26</div></a></div><div class="col-12 col-lg-6"><a class="qa-combinedfeed-secondary-item Blog_link__iYmxQ grey" 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src="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpeg%3Fh%3D442%26iar%3D0%26w%3D1335%26rev%3D43b9be41cb504625a6895fad1fe831ab%26hash%3DD3FB840BB149568F8AB8FCFD3D7D6FAE&w=1920&q=75"/><div class="Events_inner__eThtb"><div class="qa-combinedfeed-item-date sub-heading h3">Thursday, 1 October 2026 at 11am EDT</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB"><p>US Flat-Rolled Contracts Under Negotiation</p></h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j sub-heading h3">Live</div></div></a></div><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item Events_link__fG2Qa grey" target="_self" href="https://www.argusmedia.com/en/events/webinars/hvo-market-in-germany-2026"><img alt="<p>The HVO Market in Germany: Volumes, Prices, and Regulations</p>" loading="lazy" 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src="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpeg%3Fh%3D442%26iar%3D0%26w%3D1335%26rev%3D43b9be41cb504625a6895fad1fe831ab%26hash%3DD3FB840BB149568F8AB8FCFD3D7D6FAE&w=1920&q=75"/><div class="Events_inner__eThtb"><div class="qa-combinedfeed-item-date sub-heading h3">Monday, 23 November at 14:00 GMT</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB"><p>The HVO Market in Germany: Volumes, Prices, and Regulations</p></h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j sub-heading h3">Semi-Live</div></div></a></div></div></div><div class="col-12 col-lg-5"><div class="Events_secondaryGroup__L8tac"><a class="qa-combinedfeed-secondary-item Events_link__fG2Qa grey" target="_self" href="https://www.argusmedia.com/en/events/webinars/european-biomethane-markets-webinar"><div class="Events_inner__eThtb d-none d-lg-flex"><div class="qa-combinedfeed-item-date undefined h5">Tuesday, 6 October at 8 AM GMT/ 9 AM BST</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB"><p>European Biomethane Markets</p></h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h5">Live</div></div><div class="Events_inner__eThtb d-flex d-lg-none"><div class="qa-combinedfeed-item-date undefined h3">Tuesday, 6 October at 8 AM GMT/ 9 AM BST</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB h4"><p>European Biomethane Markets</p></h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h3">Live</div></div></a></div></div></div><div class="CombinedFeedPanel_cta__B_k4H position-center"><a title="" target="" class="qa-combinedfeed-cta large cta" href="/en/events/webinars">View all webinars</a></div></div><div class="qa-tabspanel-list Tabs_panel__uEe2n " role="tabpanel"><div 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src="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fvideo-insight%2Fpgeshutterstock1763004381268x7141.jpg%3Fh%3D714%26iar%3D0%26w%3D1268%26rev%3D3a1421300628459991073cfb190f37c8%26hash%3DFD733FDC080D4B6994410D67CAD3F458&w=1920&q=75"/><div class="Media_inner__2M1Ik"><h3 class="qa-combinedfeed-item-title Media_title__Z_S50"><p>Gas-to-Coal Switching Winter Outlook 2026-27</p></h3><hr class="Media_hr__ajAh0"/><div class="qa-combinedfeed-item-date Media_date__Ot7yV h6">25/09/26</div></div></a></div><div class="col-12 col-lg-4"><a class="qa-combinedfeed-primary-item Media_link__RM2GX grey" href="https://www.argusmedia.com/en/news-and-insights/video-insights/fars-news-peace-talks-pipeline-restarts-diesel-shock"><img alt="<p>Fars News: Peace Talks, Pipeline Restarts and a Diesel Shock</p>" loading="lazy" width="868" height="372" decoding="async" data-nimg="1" class="Media_image__EtnR7" 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Media_title__Z_S50"><p>Fars News: Peace Talks, Pipeline Restarts and a Diesel Shock</p></h3><hr class="Media_hr__ajAh0"/><div class="qa-combinedfeed-item-date Media_date__Ot7yV h6">24/09/26</div></div></a></div><div class="col-12 col-lg-4"><a class="qa-combinedfeed-primary-item Media_link__RM2GX grey" href="https://www.argusmedia.com/en/news-and-insights/video-insights/market-talks-brazil-crude-exports-europe"><img alt="<p>Market Talks: Brazil Boosts Crude Exports to Europe</p>" loading="lazy" width="868" height="372" decoding="async" data-nimg="1" class="Media_image__EtnR7" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_1600x530_generic-c.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D2cf023b4e0484c1bb091b9f72dbf7771%26hash%3D72DBDFEBEF6EE62E751AB5DD2221C77E&w=1080&q=75 1x, /_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_1600x530_generic-c.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D2cf023b4e0484c1bb091b9f72dbf7771%26hash%3D72DBDFEBEF6EE62E751AB5DD2221C77E&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_1600x530_generic-c.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D2cf023b4e0484c1bb091b9f72dbf7771%26hash%3D72DBDFEBEF6EE62E751AB5DD2221C77E&w=1920&q=75"/><div class="Media_inner__2M1Ik"><h3 class="qa-combinedfeed-item-title Media_title__Z_S50"><p>Market Talks: Brazil Boosts Crude Exports to Europe</p></h3><hr class="Media_hr__ajAh0"/><div class="qa-combinedfeed-item-date Media_date__Ot7yV h6">23/09/26</div></div></a></div></div></div></div></div></div></div><div class="component qa-cardlist-section component-padding CardList_homePageCardList__8ZPPv grey"><div class="component-content"><div class="container"><div class="row CardList_intro__VtE8M"><div class="col-12 col-lg-7"><h2 class="section-heading qa-cardlist-title">Commodities we cover</h2><p class="qa-cardlist-desctext">From upstream production to downstream end-uses, Argus illuminates complex and opaque commodity markets through accurate and reliable price discovery and actionable insight.</p></div></div><div class="row"><div class="col-12 col-lg-6"><div class="CardList_primary__YX8MI"><a title="" target="" class="CardList_primaryLink__zryuh navy qa-cardlist-primarylist " href="/en/commodities/crude"><img alt="CommodityCardList338x195_Crude Oil" loading="lazy" width="338" height="195" decoding="async" data-nimg="1" class="CardList_primaryImage__v2R1P" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_crude-oil.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3D7b14834ce8db4a978562d5503ff2b9b1%26hash%3DAA72B8CA8091F0DA448AB4A6F12D57F8&w=384&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_crude-oil.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3D7b14834ce8db4a978562d5503ff2b9b1%26hash%3DAA72B8CA8091F0DA448AB4A6F12D57F8&w=750&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_crude-oil.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3D7b14834ce8db4a978562d5503ff2b9b1%26hash%3DAA72B8CA8091F0DA448AB4A6F12D57F8&w=750&q=75"/><div class="CardList_primaryInner__KmAtL"><h3 class="CardList_heading___y_vq h4">Crude Oil</h3><p class="qa-cardlist-hovertext CardList_description__r34gQ">As the leading price benchmark provider for global crude oil, Argus brings transparency to naturally opaque markets to enable trade efficiency.
9</p></div></a><a title="" target="" class="CardList_primaryLink__zryuh navy qa-cardlist-primarylist " href="/en/commodities/oil-products"><img alt="CommodityCardList338x195_Road Fuels" loading="lazy" width="338" height="195" decoding="async" data-nimg="1" class="CardList_primaryImage__v2R1P" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_road-fuels.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3Db9d50a15ea714cb19b30d7653c9908c4%26hash%3D5EACCDFE3D5D4D4378A1760BDD9385BD&w=384&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_road-fuels.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3Db9d50a15ea714cb19b30d7653c9908c4%26hash%3D5EACCDFE3D5D4D4378A1760BDD9385BD&w=750&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_road-fuels.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3Db9d50a15ea714cb19b30d7653c9908c4%26hash%3D5EACCDFE3D5D4D4378A1760BDD9385BD&w=750&q=75"/><div class="CardList_primaryInner__KmAtL"><h3 class="CardList_heading___y_vq h4">Oil products</h3><p class="qa-cardlist-hovertext CardList_description__r34gQ">Price benchmarks and forward looking analysis for global refined oil products, including; road fuels, jet fuel, marine fuels, base oils and more.</p></div></a><a title="" target="" class="CardList_primaryLink__zryuh navy qa-cardlist-primarylist " href="/en/commodities/lpg"><img alt="CommodityCardList338x195_LPG-NGLs" loading="lazy" width="338" height="195" decoding="async" data-nimg="1" class="CardList_primaryImage__v2R1P" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_lpg-ngls.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3Dcd7c4aafffc34d5993f4d954f06ea32d%26hash%3D23AAEAEEF5092FF8C2D45C6D996DCA50&w=384&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_lpg-ngls.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3Dcd7c4aafffc34d5993f4d954f06ea32d%26hash%3D23AAEAEEF5092FF8C2D45C6D996DCA50&w=750&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_lpg-ngls.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3Dcd7c4aafffc34d5993f4d954f06ea32d%26hash%3D23AAEAEEF5092FF8C2D45C6D996DCA50&w=750&q=75"/><div class="CardList_primaryInner__KmAtL"><h3 class="CardList_heading___y_vq h4">LPG/NGLs</h3><p class="qa-cardlist-hovertext CardList_description__r34gQ">Market-leading price assessments, news, analysis, fundamentals data and price forecasting for the global LPG and NGL markets.</p></div></a><a title="" target="" class="CardList_primaryLink__zryuh navy qa-cardlist-primarylist " href="/en/commodities/gas-and-power"><img alt="CommodityCardList338x195_Natural Gas" loading="lazy" width="338" height="195" decoding="async" data-nimg="1" class="CardList_primaryImage__v2R1P" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_natural-gas.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3D100a0150097c4bf69ea9a0ed7716190f%26hash%3DFB71BDDBAE0C4D53BC62E01EE53A0E2C&w=384&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_natural-gas.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3D100a0150097c4bf69ea9a0ed7716190f%26hash%3DFB71BDDBAE0C4D53BC62E01EE53A0E2C&w=750&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Fcomponents02%2Fcommodity-card-list%2Fdesktop%2Fcommoditycardlist338x195_natural-gas.jpg%3Fh%3D195%26iar%3D0%26w%3D338%26rev%3D100a0150097c4bf69ea9a0ed7716190f%26hash%3DFB71BDDBAE0C4D
953BC62E01EE53A0E2C&w=750&q=75"/><div class="CardList_primaryInner__KmAtL"><h3 class="CardList_heading___y_vq h4">Gas and Power</h3><p class="qa-cardlist-hovertext CardList_description__r34gQ">Our benchmark price assessments, news and analysis give you vital insight into the key coal markets of Europe, Asia-Pacific, the Americas and Africa.</p></div></a></div></div><div class="col-12 col-lg-6"><div class="CardList_secondary__WzNbK row"><div class="col-12 col-lg-6 CardList_grow__eDWp1"><div class="qa-cardlist-secondarylist CardList_secondaryItem__mrIk7"><a title="" target="" class="cta h4" href="/en/commodities/coal">Coal</a><div>Our benchmark price assessments, news and analysis give you vital insight into the key coal markets of Europe, Asia-Pacific, the Americas and Africa.</div></div></div><div class="col-12 col-lg-6 CardList_grow__eDWp1"><div class="qa-cardlist-secondarylist CardList_secondaryItem__mrIk7"><a title="" target="" class="cta h4" href="/en/commodities/net-zero">Net Zero</a><div>Our global network of energy and commodity experts helps you understand how to navigate each aspect of the journey to net zero.</div></div></div><div class="col-12 col-lg-6 CardList_grow__eDWp1"><div class="qa-cardlist-secondarylist CardList_secondaryItem__mrIk7"><a title="" target="" class="cta h4" href="/en/commodities/chemicals">Chemicals</a><div>In-depth data and analysis on the global chemical markets, to help you to understand the industry, from the wellhead to end product.</div></div></div><div class="col-12 col-lg-6 CardList_grow__eDWp1"><div class="qa-cardlist-secondarylist CardList_secondaryItem__mrIk7"><a title="" target="" class="cta h4" href="/en/commodities/fertilizers">Fertilizers</a><div>Our price reports, near-term outlooks and long-term analysis offer the most comprehensive market intelligence on the global fertilizer industry.</div></div></div><div class="col-12 col-lg-6 CardList_grow__eDWp1"><div class="qa-cardlist-secondarylist CardList_secondaryItem__mrIk7"><a title="" target="" class="cta h4" href="/en/commodities/metals">Metals</a><div>We published over 1,300 proprietary metals prices for regional markets across the world, along with in-depth news and analysis.</div></div></div><div class="col-12 col-lg-6 CardList_grow__eDWp1"><div class="qa-cardlist-secondarylist CardList_secondaryItem__mrIk7"><a title="" target="" class="cta h4" href="/en/commodities/agriculture">Agriculture</a><div>Pricing, analysis and forecasts to support your business, focusing on grains, oilseeds, vegoils, livestock and organic markets.</div></div></div></div></div></div></div></div></div><div class="component component-padding navy "><div class="component-content"><div class="container"><div class="row"><div class="qa-video-above col-12 col-lg-8 mx-auto"><div class="Video_introAbove__4FTlS"><h2 class="qa-video-above-title">Why Argus</h2></div><div class="Video_video__X3GQQ"><img alt="" class="vidyard-player-embed" src="https://play.vidyard.com/RF9CLDgfjVCQYS7hHzrjRT.jpg" data-uuid="RF9CLDgfjVCQYS7hHzrjRT" data-v="4" data-type="inline"/></div></div></div></div></div></div><div class="component "><div class="component-content"><div class="BreakoutPromo_breakoutPromo__qXYiV gradient"><img alt="" loading="lazy" width="1600" height="610" decoding="async" data-nimg="1" class="BreakoutPromo_image__XCaXJ" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fsolutions%2Fhow-we-deliver%2Fai-and-data-science%2Fai-and-data-science-hero-banner.png%3Fh%3D1060%26iar%3D0%26w%3D3200%26rev%3D3ceb0eaa53714fe49c175edc5a6944ed%26hash%3DC736EA592570CB78271A41E9A574C593&w=1920&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fsolutions%2Fhow-we-deliver%2Fai-and-data-science%2Fai-and-data-science-hero-banner.png%3Fh%3D1060%26iar%3D0%26w%3D3200%26rev%3D3ceb0eaa53714fe49c175edc5a6944ed%26hash%3DC736EA592570CB78271A41E9A574C593&w=3840&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fsolutions%2Fhow-we-deliver%2Fai-and-data-science%2Fai-and-data-science-hero-banner.png%3Fh%3D1060%26iar%3D0%26w%3D3200%26rev%3D3ceb0eaa53714fe49c175edc5a6944ed%26hash%3DC736EA592570CB78271A41E9A574C593&w=3840&q=75"/><div class="BreakoutPromo_content__LYBeY"><div class="container BreakoutPromo_inheritHeight__OYtPg"><div class="row BreakoutPromo_inheritHeight__OYtPg"><div class="col-12 col-lg-6"><div class="BreakoutPromo_text__AgBd2"><h2 class="qa-breakoutpromo-title undefined">AI Solutions - Now Available</h2><p class="qa-breakoutpromo-text">
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cta">Find out more</span></a></div><div class="col-lg-1 d-none d-lg-block"></div><div class="qa-delivery-items col-12 col-lg-5"><a title="" target="" class="Delivery_result__DiHuj" href="/en/solutions/how-we-deliver/argus-open-markets"><h3 class="qa-delivery-item-title h4">Argus Open Markets</h3><p class="qa-delivery-item-description">Argus Open Markets® is a web-based electronic platform enabling registered market participants to post bids, offers and initiate commodity deals in real time on the spot market.</p><span class="qa-delivery-item-cta Delivery_cta__DACxB cta">Find out more</span></a></div><div class="col-lg-1 d-none d-lg-block"></div><div class="qa-delivery-items col-12 col-lg-5"><a title="" target="" class="Delivery_result__DiHuj" href="/en/solutions/how-we-deliver/channel-partners"><h3 class="qa-delivery-item-title h4">Channel partners</h3><p class="qa-delivery-item-description">We work with a range of carefully selected channel partners to ensure you can access the Argus data, news and insights directly within the platforms widely used across the industry.</p><span class="qa-delivery-item-cta Delivery_cta__DACxB cta">Find out more</span></a></div><div class="col-lg-1 d-none d-lg-block"></div></div></div></div></div></div></div><div class="component component-padding ColumnImage_columnImage__HgzLW position-center white"><div class="component-content"><div class="container"><div class="ColumnImage_heading__l3LQA"><h2 class="qa-benefits-title h1">The Argus advantage</h2></div><div class="ColumnImage_results__h4thb row"><div class="qa-benefits-items col-12 col-md-6 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="icon" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" 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9<h3 class="qa-benefits-item-title h4">Our people</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">Our dedicated team of industry professionals are close to local markets, so you benefit not only from precise pricing data but the breadth of market intelligence at their fingertips. Data alone â no matter how accurate â is not sufficient.</p><a title="" target="" class="qa-benefits-item-link cta" href="/en/about-argus">Find out more</a></div></div><div class="qa-benefits-items col-12 col-md-6 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="icon" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons%2Fargus-media---icon---methodology---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D54ba451ebd794d45a8f83a3dd510000d%26hash%3D867CA5A212A893EE5E55634DA5B3F27E&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons%2Fargus-media---icon---methodology---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D54ba451ebd794d45a8f83a3dd510000d%26hash%3D867CA5A212A893EE5E55634DA5B3F27E&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons%2Fargus-media---icon---methodology---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D54ba451ebd794d45a8f83a3dd510000d%26hash%3D867CA5A212A893EE5E55634DA5B3F27E&w=256&q=75"/><h3 class="qa-benefits-item-title h4">Methodologies</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">The unique market insights we deliver are founded on a deep understanding of market mechanisms. Our methodologies for price discovery are transparent and firmly based on rigorous processes and specifications developed in consultation with market participants.</p><a title="" target="" class="qa-benefits-item-link cta" href="/en/methodology">Find out more</a></div></div><div class="qa-benefits-items col-12 col-md-6 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="icon" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons%2Fargus-media---icon---building---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3Daa668039a2ca4f05a2cd00b332813c2b%26hash%3DE5F19F4FA68CEC89B31C9C9CE40B8160&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons%2Fargus-media---icon---building---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3Daa668039a2ca4f05a2cd00b332813c2b%26hash%3DE5F19F4FA68CEC89B31C9C9CE40B8160&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons%2Fargus-media---icon---building---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3Daa668039a2ca4f05a2cd00b332813c2b%26hash%3DE5F19F4FA68CEC89B31C9C9CE40B8160&w=256&q=75"/><h3 class="qa-benefits-item-title h4">Heritage</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">For over 50 years, clients have benefited from the precise market intelligence delivered by Argus experts working collaboratively across the global commodity markets.</p><a title="" target="" class="qa-benefits-item-link cta" href="/en/about-argus">Find out more</a></div></div></div></div></div></div><div class="component component-padding grey "><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="qa-combinedfeed-title section-heading">Latest events</h2><p class="qa-combinedfeed-description">We draw upon our deep industry expertise and widespread network of well-placed industry commentators to organise events across key energy and commodity markets around the world.</p></div></div><div aria-live="polite" class="Tabs_tabs__tVXxO secondary"><div class="qa-tabspanel-list Tabs_panel__uEe2n current" role="tabpanel"><div class="row"><div class="col-12 col-lg-7"><div class="Events_primary__3LFXb row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item Events_link__fG2Qa white" target="_self" href="https://www.argusmedia.com/en/events/conferences/fertilizer-europe-conference"><img alt="Argus Fertilizer Europe Conference" loading="lazy" width="7
974" height="370" decoding="async" data-nimg="1" class="Events_image__kChfG d-none d-lg-block" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fevents%2Fconferences%2Findividual-conferences%2Ffertilizer-europe%2F2026%2F1920x600-prague-hero.png%3Fh%3D600%26iar%3D0%26w%3D1920%26rev%3D922d65c30bc0459ba330ac383d24ec9f%26hash%3D26783BEFAF9EF873F0B1E843015AFE0C&w=828&q=75 1x, /_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fevents%2Fconferences%2Findividual-conferences%2Ffertilizer-europe%2F2026%2F1920x600-prague-hero.png%3Fh%3D600%26iar%3D0%26w%3D1920%26rev%3D922d65c30bc0459ba330ac383d24ec9f%26hash%3D26783BEFAF9EF873F0B1E843015AFE0C&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fevents%2Fconferences%2Findividual-conferences%2Ffertilizer-europe%2F2026%2F1920x600-prague-hero.png%3Fh%3D600%26iar%3D0%26w%3D1920%26rev%3D922d65c30bc0459ba330ac383d24ec9f%26hash%3D26783BEFAF9EF873F0B1E843015AFE0C&w=1920&q=75"/><div class="Events_inner__eThtb"><div class="qa-combinedfeed-item-date sub-heading h3">20-22 October 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB">Argus Fertilizer Europe Conference</h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j sub-heading h3">Prague, Czech Republic</div></div></a></div><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item Events_link__fG2Qa white" target="_self" href="https://www.argusmedia.com/en/events/conferences/adblue-conference-day"><img alt="Argus AdBlue® Conference Day" loading="lazy" width="774" height="370" decoding="async" data-nimg="1" class="Events_image__kChfG d-none d-lg-block" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fevents%2Fconferences%2Fhero-images%2Fprague-czech-republic-skyline-1920x600.png%3Fh%3D600%26iar%3D0%26w%3D1920%26rev%3D24a286d976144271b6d81ba28d70c39e%26hash%3DCD9E7A3414D976DFB5DFA84A04FA7F5F&w=828&q=75 1x, /_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fevents%2Fconferences%2Fhero-images%2Fprague-czech-republic-skyline-1920x600.png%3Fh%3D600%26iar%3D0%26w%3D1920%26rev%3D24a286d976144271b6d81ba28d70c39e%26hash%3DCD9E7A3414D976DFB5DFA84A04FA7F5F&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwww.argusmedia.com%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fevents%2Fconferences%2Fhero-images%2Fprague-czech-republic-skyline-1920x600.png%3Fh%3D600%26iar%3D0%26w%3D1920%26rev%3D24a286d976144271b6d81ba28d70c39e%26hash%3DCD9E7A3414D976DFB5DFA84A04FA7F5F&w=1920&q=75"/><div class="Events_inner__eThtb"><div class="qa-combinedfeed-item-date sub-heading h3">21 October 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB">Argus AdBlue® Conference Day</h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j sub-heading h3">Prague, Czech Republic</div></div></a></div></div></div><div class="col-12 col-lg-5"><div class="Events_secondaryGroup__L8tac"><a class="qa-combinedfeed-secondary-item Events_link__fG2Qa white" target="_self" href="https://www.argusmedia.com/en/events/conferences/lpg-istanbul"><div class="Events_inner__eThtb d-none d-lg-flex"><div class="qa-combinedfeed-item-date undefined h5">12-13 November 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB"><p>Argus LPG Conference</p></h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h5">Istanbul, Turkey</div></div><div class="Events_inner__eThtb d-flex d-lg-none"><div class="qa-combinedfeed-item-date undefined h3">12-13 November 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB h4"><p>Argus LPG Conference</p></h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h3">Istanbul, Turkey</div></div></a><a class="qa-combinedfeed-secondary-item Events_link__fG2Qa white" target="_self" href="https://www.argusmedia.com/en/events/conferences/biomethane-focus-day"><div class="Events_inner__eThtb d-none d-lg-flex"><div class="qa-combinedfeed-item-date undefined h5">17 November 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB">Argus Biomethane Focus Day</h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h5">Munich, Germany</div></div><div class="Events_inner__eThtb d-flex d-lg-none"><div class="qa-combinedfeed-item-date undefined h3">17 November 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB h4">Argus Biomethane Focus Day</h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h3">Munich, Germany</div></div></a><a class="qa-combinedfeed-secondary-item Events_link__fG2Qa white" target="_self" href="https://www.argusmedia.com/en/events/conferences/fertilizer-china-conference"><div class="Events_inner__eThtb d-none d-lg-flex"><div class="qa-combinedfeed-item-date undefined h5">17-19 November 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB">Argus Fertilizer China Conference</h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h5">Beijing, China</div></div><div class="Events_inner__eThtb d-flex d-lg-none"><div class="qa-combinedfeed-item-date undefined h3">17-19 November 2026</div><h3 class="qa-combinedfeed-item-title Events_title__MMPSB h4">Argus Fertilizer China Conference</h3><hr class="Events_hr__Mj_28"/><div class="qa-combinedfeed-item-location Events_location__umo8j h3">Beijing, China</div></div></a></div></div></div><div class="CombinedFeedPanel_cta__B_k4H position-center"><a title="" target="" class="qa-combinedfeed-cta large cta" href="/en/events">View all events</a></div></div></div></div></div></div><div class="component component-padding CardList_cardList__q7ODc white"><div class="component-content"><div class="container"><div class="row CardList_intro__VtE8M"><div class="col-12 col-lg-7"><h2 class="qa-section-title section-heading">How can we help?</h2><p class="qa-section-description">No matter which side of the energy commodity market you are on, we remain committed to providing you with a clear focus on the intelligence that is relevant to you</p></div></div><div class="qa-secondary-section row"><div class="col-12 col-lg-4 qa-secondary-list CardList_grow__eDWp1"><div class="CardList_secondaryItem__mrIk7"><a title="" target="|Custom" class="cta h4 qa-secondary-title-link" href="/en/solutions/commodity-prices">Price assessments</a><div class="qa-secondary-description">Our prices are used as trusted reference points in physical supply and derivative contracts around the world.</div></div></div><div class="col-12 col-lg-4 qa-secondary-list CardList_grow__eDWp1"><div class="CardList_secondaryItem__mrIk7"><a title="" target="|Custom" class="cta h4 qa-secondary-title-link" href="/en/news-and-insights/latest-market-news">Market news</a><div class="qa-secondary-description">The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions.</div></div></div><div class="col-12 col-lg-4 qa-secondary-list CardList_grow__eDWp1"><div 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href="/en/solutions/consulting-projects">Consulting projects</a><div class="qa-secondary-description">Through custom consulting projects, we deliver independent advice to help you unearth the unique insights you need.</div></div></div><div class="col-12 col-lg-4 qa-secondary-list CardList_grow__eDWp1"><div class="CardList_secondaryItem__mrIk7"><a title="" target="|Custom" class="cta h4 qa-secondary-title-link" href="/en/about-argus/training-and-support">Training and support</a><div class="qa-secondary-description">Our customer success specialists are on hand to help you get the most out of your Argus subscription.</div></div></div></div></div></div></div><div class="component ContactForm_contactForm__RusC_ navy" id="form"><div class="component-content"><div class="ContactForm_content__SjXae container"><div class="row"><div class="col-12 col-lg-7 qa-form-specialist"><h2 class="h1 qa-form-header">Speak to our experts today</h2><div class="ContactForm_description__1ctco 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9ysis indicates that the proposal prioritizes rigid\noperational overhead, locking in Ps94mn for immediate personnel costs and\ndistribution network management. The budget leaves no distinct capital line\nitems to finance clean generation assets or multi-regional high-voltage\ntransmission upgrades, cementing the government's reliance on external financing\nstructures, the analysis notes. To expand the grid, IMCO said, CFE will have to\nraise money via Fibra E investments â a real estate investment market mechanism\nthat backs \"green\" infrastructure projects. CFE expects to issue $1bn in debt\nvia Fibra E by the end of 2026, and subsequent issuances \"remain a possibility\".\nA third analysis, by the non-partisan Climate Change Budget Observatory, found\nthe 28pc cut in climate strategy spending. It also reported a high concentration\nof funding earmarked as related to energy transition but going to initiatives\nwithout clear climate change-related goals. The Observatory noted that 80pc of\nthe climate spending goes to five of 51 projects with the largest at 34pc, or\nPs54bn, routed to the infrastructure and transport ministry for the government's\nPs739bn passenger and freight railroad expansion project. Cross-departmental\nspending on energy transition is similarly concentrated, with Ps8.8bn, or 43pc\nof all spending on the transition strategy, also set aside for the railroad\nexpansion program. Beyond that, roughly Ps7.1bn, or 35pc, goes to electric power\ninfrastructure and administrative support taking another 11pc. The study stated\nthe remaining 11pc would be spread across 68 programs, including some with few\nif any programmed outlays in 2027. The analysis, said the Observatory, reveals\n\"a discrepancy between the narrative the Mexican government presents in\ninternational forums\" â such as the UN Framework Convention on Climate Change,\n\"where it has put forward more ambitious mitigation and adaptation goals\". \"In\npractice, the allocation continues to drive a fossil-fuel-based energy model\nthat exacerbates the climate crisis,\" the Observatory said. The final spending\nbill could pass by late November, after the revenue-side budget proposal is due\non 20 October. Opposition lawmakers and environmental groups will likely\nchallenge the proposed cuts in climate-related spending. By James Young Climate\nspending in Mexico's draft 2027 budget bn Ps Send comments and request more\ninformation at [email protected] Copyright © 2026. Argus Media group . All\nrights reserved.","Tags":null,"CreatedDate":"2026-09-25T21:40:54Z","PublishDate":"2026-09-25T21:40:54Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2883438-mexico-shifts-renewable-financing-burden"},{"ItemId":"2883344","Title":"Brazilian producers call for bunker biofuel mandate","ExternalLink":"","Description":"Sao Paulo, 25 September (Argus) â Brazilian bioenergy companies have demanded\nthat hydrocarbons regulator ANP introduce mandatory biodiesel blending in\nconventional marine fuels from 2027. The ANP is developing new rules to bring\nthe domestic bunker market closer in line with International Maritime\nOrganization (IMO) requirements. Biodiesel producers' association Ubrabio\npresented the proposal at an ANP public hearing this week. It called for a 15pc\nbiodiesel mandate in marine gasoil (MGO) from July 2027, rising to 20pc in\nJanuary 2028 and 24pc in July 2028. Brazilian bioenergy producer Binatural\nestimates that a B15 mandate would create around 230mn liters/yr of biodiesel\ndemand, increasing to about 368mn liters/yr under B24. ANP said it will consider\nthe industry's proposals before issuing the final regulation, expected by the\nend of this year. ANP's original draft does not include mandatory blending. It\nwould establish national specifications and storage requirements for marine\nbiodiesel, hydrotreated vegetable oil (HVO), ethanol and gas-to-liquids fuels.\nThe proposal would also allow suppliers to sell blends of up to B100 to\nshipowners without obtaining special authorization. Petrobras and RaÃzen are\ncurrently the only companies authorized to market marine biodiesel blends in\nBrazil, with blending capped at 24pc. The proposal also regulates ethanol\nbunkering in Brazil . By Gabriel Tassi Lara Send comments and request more\ninformation at [email protected] Copyright © 2026. Argus Media group . All\nrights reserved.","Tags":null,"CreatedDate":"2026-09-25T19:45:00Z","PublishDate":"2026-09-25T19:45:00Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2883344-brazilian-producers-call-for-bunker-biofuel-mandate"},{"ItemId":"2883106","Title":"SAF needs nuanced crop feedstocks policy: Panel","ExternalLink":"","Description":"London, 25 September (Argus) â Fuel producers and crop suppliers increasingly\nsupport the careful use of intermediate crops for sustainable aviation fuel\n(SAF), aiming to ease feedstock shortage concerns, attendees heard at the SAF\nGlobal Summit in London this week. Policymakers are wary of increasing use of\ncrops in biofuels because of food scarcity and previous deforestation scandals.\nBut delegates said Europe urgently needs more feedstocks to curb costs, and that\nnuanced policy can address these concerns. Farmers grow intermediates crops\nbetween rotations to regenerate soil. German life sciences firm Bayer said they\ncould grow oilseeds like camelina, winter canola or pennycress. Farmers already\nmonitor vast field-level data that could enable certification, Bayer's biofuels\nlead Peter Muller said. Current policy oversimplifies the issue, favouring\nbinary choices of \"crop bad, used cooking oil (UCO) good, electricity good\",\nsaid BP's vice president of regulatory affairs, bioenergy, Eirik Pitkethly.\n\"There's a whole layer of nuance we need to get into,\" he said. Using a fraction\nof intermediate crops that EU farmers already grow and do not harvest could\nyield 2.5mn t of SAF, enough to meet the EU's 2030 SAF mandate, Pitkethly said.\n\"The scale is massive,\" he said. \"It's too good to ignore. But it's difficult\nand there are challenges in getting the rules right.\" Lax regulations in the\nearly days of the biofuels industry led to \"deforestation in carbon-sensitive\nenvironments\" and created \"more emissions than using fossil fuels,\" which still\nmakes policymakers hesitant, Pitkethly said. Pragmatic policy would find a\n\"sweet spot\", avoiding overburdening farmers while setting enough protections,\nsuch as requiring multi-year data to prove no land use change. Policymakers\ncould block carbon-sensitive geographies from supplying feedstock if necessary,\nhe said. The EU appears closer than the UK to opening the door to intermediate\ncrops, Pitkethly said. Cover crops are allowed under EU rules, but details are\nlacking on which crops qualify and what evidence producers must provide on\nsustainability. Pitkethly said none of the European Commission's several drafts\nhave provided the clarity needed. Other panellists said companies should be\nallowed to grow crops for SAF in desert regions, where there would be no\ncompetition with food. Egypt could make SAF with its non-edible desert crop\njojoba, said grower Saraya's chief operations officer, Middle East, Omar El\nMougy. Keeping costs down Narrowing the feedstock pool for hydrotreated ester
9s\nand fatty acids (HEFA), the most established and cheapest route for making SAF,\nforces aviation to rely on larger amounts of more expensive SAF types instead,\nPitkethly said. Replacing fossil jet fuel with SAF may need in the region of\n400mn t/yr of SAF, but using only waste oils may reach a ceiling of 40mn t/yr\nbecause of global constraints on the main UCO feedstock, he said. The shortfall\ncould be filled with novel SAF types like alcohol-to-jet or synthetic SAF from\nelectrolytic hydrogen and carbon (e-SAF). These are more costly than HEFA, and\nit would be far more economical to maximise the HEFA feedstock pool as far as\npossible first, Pitkethly said. By Aidan Lea Send comments and request more\ninformation at [email protected] Copyright © 2026. Argus Media group . All\nrights reserved.","Tags":null,"CreatedDate":"2026-09-25T15:52:30Z","PublishDate":"2026-09-25T15:52:30Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2883106-saf-needs-nuanced-crop-feedstocks-policy-panel"},{"ItemId":"2883097","Title":"CME EU HRC trade reaches quarterly record","ExternalLink":"","Description":"London, 25 September (Argus) â Trading volume on CME Group's European hot-rolled\ncoil (HRC) futures contract reached a record high this quarter, according to\nArgus records. A total of 478,000t of futures had been traded in the third\nquarter as of 24 September, exceeding the previous quarterly record.\nYear-to-date traded volumes now stand at over 1.3m t, with over 400,000t traded\neach quarter so far this year. The latest quarterly performance reflects growing\nparticipation in the contract from steel producers, traders, service centres and\nend users seeking to hedge price risk amid heightened uncertainty surrounding\nEuropean steel trade policy and import restrictions. \"Third quarter futures\nvolumes increased as some traders took long positions in expectation of prices\nrising following the imposition of tighter safeguard measures â this thesis was\nborne out in July but faltered somewhat in August and September, as the reality\nof low demand constrained physical price increases and weighed on the forward\ncurve,\" a trader said, adding, \"Recent trade has seen some longs rolling forward\ntheir exposure from the fourth quarter to the first, given the\nslower-than-expected physical increase.\" Since the contracts inception in 2020,\nannual volumes have risen each year. Current volumes indicate that 2026 is on\ntrack to become another record year for the contract if trade continues at a\nsimilar pace to the first three quarters. The CME European HRC contract has seen\nsteadily rising participation over recent years as it has become an increasingly\nimportant risk-management tool for the region's flat steel market. Activity has\nbeen supported by market volatility, shifting trade flows and expectations\naround changes to EU steel import regulations. \"We are seeing a broader mix of\nphysical and financial participants becoming more active, which is helping to\ndeepen liquidity,\" brokerage FIS' head of steel Robert Belcher said. \"There has\nbeen an increase in trading, especially on spreads from physical traders, but\nalso on quarter peri
9od trades in greater volumes than in the past from banks'\nend-user customers being the growing trader category in the market,\" GFI steel\nderivatives broker Henry Herbert said. By Carlo Da Cas Send comments and request\nmore information at [email protected] Copyright © 2026. Argus Media group\n. All rights reserved.","Tags":null,"CreatedDate":"2026-09-25T15:34:07Z","PublishDate":"2026-09-25T15:34:07Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2883097-cme-eu-hrc-trade-reaches-quarterly-record"},{"ItemId":"2882987","Title":"Cop: Article 6 activity mounts but key gaps remain","ExternalLink":"","Description":"London, 25 September (Argus) â Countries are increasingly engaging in the carbon\nmarket mechanisms established under Article 6 of the Paris climate agreement.\nBut two years after its rulebook was agreed, the number of buyer countries\nremains limited, developing nations hosting emissions-saving projects have\nreservations about participating, and disagreements rumble on over some\nunderpinning standards, writes Victoria Hatherick The Article 6 rulebook was\neventually finalised at the UN Cop 29 climate conference in Baku, Azerbaijan, in\n2024, nine years after negotiations began. But the promised centralised\nUN-regulated carbon market under Article 6.4 â the Paris agreement crediting\nmechanism (Pacm) â has not yet materialised, with its registry expected to\nlaunch in the fourth quarter of this year. And only seven countries have so far\ntraded so-called internationally traded mitigation outcomes (Itmos) under the\nArticle 6.2 mechanism, according to UN Environment Programme (Unep) data, a\nsystem which allows countries to exchange emissions savings bilaterally to be\ncounted towards their nationally determined contributions (NDCs) to the Paris\nAgreement. There are so far 10 buyer countries under Article 6.2, Unep data\nshow. Japan has signed 32 agreements under the mechanism, followed by Singapore\nat 28, Switzerland at 20, South Korea at 14 and Norway at nine. Norway recently\nindicated its intention to deepen its engagement with Article 6 going forward.\n\"At the next Cop we want to contribute to building infrastructure, including\nregistries,\" deputy director-general of the Norwegian climate ministry's climate\nchange department Guri Storaas told delegates at the Nordic Climate Finance\nSummit in Oslo earlier this month. The country also expects to sign more Article\n6 agreements, she said. Article 6 is a \"priority\" for Norway because of its role\nin reducing the risk of Norway not meeting its climate targets solely through\ncollaboration with the EU, and its cost effectiveness, Storaas said. And Norway\n\"wants to make it work\", she said, which is why the country is deliberately\npositioning itself as an early mover under the mechanism. It has set aside a\n15bn Norwegian krone ($1.6bn) \"buying envelope\" for Article 6 credits. Norway's\nbilateral agreement signed last year with Switzerland on carbon removals also\nsends an important signal that Article 6 is not just relevant for developing\ncountries, Storaas said. Switzerland signed a similar agreement in May with\nSweden, which itself has a further six bilateral agreements. Sweden is hoping to\nsign another Article 6 agreement by the end of the month, fund manager for the\nSwedish Article 6 climate co-operation fund at the Global Green Growth Institute\nAsh Sharma told delegates at the summit in Oslo. Singapore this month advanced\nits tender for at least 12mn Itmos, following a first tender for 2.17mn Itmos\nlast year. Project host countries are higher in number. A total of 55 have\nsigned bilateral agreements under Article 6.2 across the Americas, Africa,\nEurope, Australasia and Asia. Kenya and Ghana have signed the most, at five\neach, followed by Zambia, Senegal, Mongolia and Indonesia with four each,\naccording to Unep data. And 58 countries are listed by Unep as having approved\nactivities under Pacm, led by Brazil with 92 activities, followed by Chile with\n30 and Vietnam with 23. Hurdles to participation But project host countries must\nstrike a delicate balance between trading emissions savings to raise climate\nfinance without damaging their ability to meet their own NDCs, a factor that has\nbeen limiting some countries' engagement with Article 6. Kenya did a \"good job\nstanding up for its needs to meet its NDC\" in the case of clean cookstove\ndeveloper Koko, Sharma said at the Oslo conference. The company shut down\nearlier this year after failing to obtain a letter of authorisation from the\nKenyan government to sell credits generated by its projects internationally, a\nresult of the government's uncertainty about its capacity to retain sufficient\nemissions reductions to meet its targets. Countries also need people engaging\nwith the mechanism full time, and not many have the capacity to do so, Charlotte\nStreck of consultancy Climate Focus said at an online event this week. It is\ntherefore important for like-minded groups to come together to avoid being\noverwhelmed by complexity, she said. Private sector on the sidelines\nPrivate-sector interest in Article 6 has been dampened by the perceived\ncomplexities of the mechanism, the head of special funds at international\nfinancial institution the Nordic Environment Finance C
9orporation (Nefco), Dennis\nHamro-Drotz, told delegates at the conference in Oslo. They are engaging a bit\nlater than governments, he said. Nordic companies are more likely to participate\nby exporting their technology solutions first, before becoming credit offtakers\nlater, Hamro-Drotz said. Nefco is \"looking at re-engaging in carbon markets\", he\nadded, having been involved in the Paris Agreement's predecessor the Kyoto\nProtocol. Governments also stepped up first under the Kyoto Protocol, Sharma\nsaid, but linking that framework's so-called certified emission reduction\ncredits with the EU emissions trading system brought lots of other actors into\nthe market. \"I am sure we will see this again,\" he said. The European Commission\nin July proposed using up to 260mn international credits underpinned by Article\n6.4 standards over 2036-40 to count towards its 2040 climate target. But the\ncommission as it stands will not review whether there are sufficient\nhigh-integrity credits available to justify the approach until 2033. This is\n\"way too late\" to provide the necessary demand signals to the market,\nInternational Emissions Trading Association international policy director Andrea\nBonzanni told Argus . Underpinning standards edge forward In the meantime,\nparties to the Paris deal continue to disagree on the standards themselves. So\nfar only three methodologies governing project activities under Pacm have been\nadopted, relating to flaring or use of landfill gas, N2O abatement from nitric\nacid production, and electricity generation from renewable sources connected to\nan electricity system. Experts tasked to work on the methodologies indicated\nlast week that they are sticking to their controversial decision to require\nclean cooking activities to contribute some of the credits they generate to a\nbuffer for reversals, a debate that has held up agreement on clean cooking\nstandards. Scant progress on getting Pacm up and running has also left many in\nthe wider carbon credit market in limbo. Demand in the voluntary carbon market\nhas seen a marked shift lately to credits linked with compliance mechanisms,\nafter a series of environmental integrity concerns in recent years undermined\nconfidence in purely voluntary approaches. But developers hoping to set up\nprojects that will issue credits remain constricted by a lack of clarity on\nwhich standards they should adhere to, and uncertainty as to whether countries\nwill give them the approval they need to sell generated units internationally.\nThe Article 6.4 supervisory body will meet in Germany in the first week of\nOctober, where it is scheduled to discuss a range of issues including\nmethodologies. But debate on the mechanism's approach to certain activities is\nlikely to spill over once again into the UN climate conference, with Cop 31 to\nbe held in Antalya, Turkey in November. Send comments and request more\ninformation at [email protected] Copyright © 2026. Argus Media group . All\nrights reserved.","Tags":null,"CreatedDate":"2026-09-25T12:02:47Z","PublishDate":"2026-09-25T12:02:47Z","SearchResultItemUrl":"/news-and-insights/latest-market-news/2882987-cop-article-6-activity-mounts-but-key-gaps-remain"}]},{"TotalResults":571,"Results":[{"ExternalLink":null,"Description":"\u003cp\u003eMaking sense of Europe\u0026rsquo;s evolving fuel market landscape\u003c/p\u003e","ThumbnailImageUrl":"https://www.argusmedia.com/-/media/project/argusmedia/mainsite/english/images/news-and-insights/market-insight-papers/generic-gradient-hero-banner_1600x530px.jpeg?h=442\u0026iar=0\u0026w=1335\u0026rev=43b9be41cb504625a6895fad1fe831ab\u0026hash=D3FB840BB149568F8AB8FCFD3D7D6FAE","MobileImageUrl":"https://www.argusmedia.com/-/media/project/argusmedia/mainsite/english/images/news-and-insights/latest-market-news/generic-gradient-hero-banner.jpg?h=620\u0026iar=0\u0026w=390\u0026rev=23d27d9331ca4a79b0ce60f3f5dcf065\u0026hash=952BBF98FFF065C76C5F87F8EEBC59E0","SearchResultItemUrl":"https://www.argusmedia.com/en/news-and-insights/energy-and-commodity-podcasts/europe-road-fuels-market-squeeze","PublishDate":"0001-01-01T00:00:00","CreatedDate":"2026-09-25T00:00:00Z","Tags":["English","Oil Products","Driving Discussions","Road Fuels","Africa","Asia-Pacific","Europe","CIS","Global","Latin America and Caribbean","Middle East","North America"],"ItemId":"f7b3d0b5-3b41-4289-8d36-cb6f388d5065","Title":"\u003cp\u003eEurope's Road Fuels Market Squeeze\u003c/p\u003e","Type":"Podcast"},{"ExternalLink":null,"Description":"\u003cp\u003eIn this episode of Market Talks, Argus experts examine why Brazil's fertilizer purchases for the 2026-27 second corn crop have accelerated despite high prices.\u003c/p\u003e","ThumbnailImageUrl":"https://www.argusmedia.com/-/media/project/argusmedia/mainsite/english/images/news-and-insights/market-insight-papers/generic-gradient-hero-banner_1600x530px.jpeg?h=442\u0026iar=0\u0026w=1335\u0026rev=43b9be41cb504625a6895fad1fe831ab\u0026hash=D3FB840BB149568F8AB8FCFD3D7D6FAE","MobileImageUrl":"https://www.argusmedia.com/-/media/project/argusmedia/mainsite/english/images/news-and-insights/latest-market-news/generic-gradient-hero-banner.jpg?h=620\u0026iar=0\u0026w=390\u0026rev=23d27d9331ca4a79b0ce60f3f5dcf065\u0026hash=952BBF98FFF065C76C5F87F8EEBC59E0","SearchResultItemUrl":"https://www.argusmedia.com/en/news-and-insights/energy-and-commodity-podcasts/brazil-fertilizer-demand-2026-27","PublishDate":"0001-01-01T00:00:00","CreatedDate":"2026-09-21T00:00:00Z","Tags":["Latin America and Caribbean","English","Market Talks","Fertilizers","Sustainable and Specialty Fertilizers"],"ItemId":"2302294d-6164-407f-b88e-d3a8b7600df6","Title":"\u003cp\u003eMarket Talks: Fertilizer Demand Accelerates\u003c/p\u003e","Type":"Podcast"},{"ExternalLink":null,"Description":"\u003cp\u003eGeopolitics drives mineral markets. 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