Argus Germany
As the largest economy and the largest energy consumer in Europe, Germany is central to the energy and commodity markets we cover. Our German team, based in Hamburg, provide detailed, insightful local commentary on these specialist markets every day with a range of dedicated services. Argus’ global expertise supports and enhances the solutions we offer German market participants, while our unique insight into the region proves invaluable to those trading with the country.
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Argus price assessments are underpinned by the most robust, transparent and credible methodologies, developed with the industry to ensure our price assessments are a true reflection of how the markets trade
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With an experienced team based in Hamburg, Argus is uniquely positioned to provide the most local expertise and insights into the German markets and their unique needs, alongside global context and insight from the rest of the world
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News
Grids key to boosting SE Asia’s renewable power: Ember
Grids key to boosting SE Asia’s renewable power: Ember
Singapore, 15 May (Argus) — Up to 30GW of solar and wind power could be unlocked along planned grid routes in southeast Asia, which would help meet growing power demand in the region, according to a report released today by think-tank Ember. The Asean group of nations is still heavily reliant on fossil fuels, but solar and wind power are expected to constitute 23pc of the energy mix by 2030, up from 4pc currently, according to Ember. Asean as a region targets a 51GW increase in solar, and a 109GW increase in wind, hydro, geothermal and bioenergy combined by 2040. Electricity demand is rising in the region, because of economic growth as well as greater demand from data centres and transport electrification. Expanding and modernising the region's grid infrastructure would help to allow for the development of more clean energy, improve system flexibility and support regional power sharing. Up to 24GW of potential solar power and 5.6GW of wind power are situated in Indonesia's Riau islands and Sumatra, Malaysia's Sarawak, Cambodia and Brunei, where there are existing and planned grid projects. But the electricity generated from these projects needs transmission lines to be transported to demand centres. Indonesia, Vietnam, the Philippines and Thailand collectively plan to add 45,078km of transmission lines between 2023-30. But this is slightly less than half of IEA's projections that indicate southeast Asia needs to expand transmission lines by 100,000km between 2021-30 to meet its clean energy targets. Regional variance There is significant disparity between Asean countries in their clean energy potential, with some having abundant wind and solar capacity, and others having hydropower and geothermal resources. These resources also tend to be subject to seasonal variations. Regional grid interconnection is hence "key to using these resources in combination, boosting renewables use and economic growth" states the report. The Asean Power Grid has seen some progress through the Lao PDR-Thailand-Malaysia-Singapore (LTMS-PIP) project and the Brunei Darussalam, Indonesia, Malaysia and the Philippines Power Integration Project (BIMP-PIP). But grid development plans still vary significantly across the region. Only Cambodia, Malaysia and Singapore have signed the UN's Global Energy Storage and Grids Pledge, which aims to deploy 1,500GW of energy storage and 25mn km of grid infrastructure globally by 2030. Additionally, investment required to expand electricity grids, including regional interconnections, could reach $22bn/yr by 2035, the IEA said. Asean's clean energy future hence depends on cross-border data sharing, addressing infrastructure requirements, momentum in policymaking for regional co-operation, and aligning investments with future energy demand, says Ember. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
New Zealand approves rules to raise jet fuel storage
New Zealand approves rules to raise jet fuel storage
Sydney, 15 May (Argus) — New Zealand has approved regulations to increase jet fuel storage in or around Auckland Airport before November next year to stop fuel supply disruptions. The regulations approved by New Zealand's government mean that fuel companies have until 1 November 2026 to invest in sufficient fuel storage, allowing them to have 10 days' worth of cover at 80pc operations , a measure introduced in a 2019 inquiry. New Zealand imported an average of around 22,000 b/d of jet fuel in the three months to 12 May, according to trade analytics platform Kpler data. Fuel companies have also agreed to invest in a new storage tank near Auckland Airport, according to New Zealand's associate energy minister Shane Jones. Auckland Airport had a pipeline rupture in 2017 that impacted almost 300 flights and resulted in an inquiry in 2019. The recommendation from the inquiry has not been met by fuel companies, said Jones, leaving New Zealand at risk of fuel supply disruptions. The government also updated the rules regarding fuel companies giving government visibility on the amount of jet fuel they hold near Auckland Airport. Jet fuel importers in Australia must have a baseline stock level of 27 days since July 2024, up from 24 days previously. By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
IEA sees slightly better oil demand outlook
IEA sees slightly better oil demand outlook
London, 15 May (Argus) — The IEA has nudged up its global oil demand growth forecasts for this year and 2026, citing better macroeconomic forecasts and the effects of lower oil prices. In its latest Oil Market Report (OMR), published today, the Paris-based watchdog raised its projected increase in oil consumption by 20,000 b/d to 740,000 b/d in 2025, bringing overall demand to 103.9mn b/d. It increased its oil demand growth forecast for 2026 by 70,000 b/d to 760,000 b/d. In its previous OMR the IEA cut its oil demand forecasts for 2025 by 310,000 b/d after the US' announcement of an array of import levies in April. But the IEA said today the tariff supply shock appeared less severe than initially implied, pointing to subsequent US trade arrangements with the UK and China. US talks with other countries continue. "Subsequent pauses, concessions, exemptions and negotiations are likely to attenuate the levies' permanence and economic impact," the IEA said. But it said policy uncertainty continued to weigh on consumer and business sentiment, and it sees oil consumption growth slowing to 650,000 b/d between now until the end of 2025, from 990,000 b/d in the first quarter of the year. Its demand growth forecast for 2025 is 320,000 b/d lower than at the start of the year. The IEA increased its global oil supply growth forecast by 380,000 b/d to 1.61mn b/d in 2025, with almost all the rise accounted for by the Saudi-led unwinding of Opec+ cuts. It nudged its oil supply growth forecast for 2026 up by 10,000 b/d to 960,000 b/d. Eight Opec+ members earlier this month agreed to continue accelerating the pace of their planned unwinding of 2.2mn b/d of crude production cuts for June. The IEA again revised down its supply growth forecasts for the US, mainly because of the effects of lower oil prices on US shale producers. It downgraded US growth by 50,000 b/d to 440,000 b/d for 2025 and by 100,000 b/d to 180,000 b/d for 2026, and said US tight oil production in 2026 would contract on an annual basis for the first time since 2020. The IEA said sanctions on Russia, Iran and Venezuela are a key uncertainty in its forecasts. It noted that Russian crude supply grew by 170,000 b/d in April as crude prices fell below the G7 $60/bl price cap. The IEA's balances show supply exceeding demand by 730,000 b/d in 2025 and by 930,000 b/d in 2026. It said global observed stocks rose by 25.1mn bl in March, with preliminary data showing a further rise in April. By Aydin Calik Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Refinery maintenance to limit Bahrain's bitumen exports
Refinery maintenance to limit Bahrain's bitumen exports
Mumbai, 15 May (Argus) — Bitumen export supply from Bahrain state-controlled refiner Bapco's 267,000 b/d Sitra refinery is expected to fall in May-June because of upcoming planned maintenance work and subsequent upgrading work at the plant, international bitumen traders and importers told Argus . The planned maintenance is scheduled to start around the end of May and will limit bitumen output as a vacuum distillation unit (VDU) will be taken off line, market participants close to the refinery said, but further details on the turnaround was unavailable. Some international traders and importers told Argus that Bapco will not offer waterborne cargoes during the turnaround, which is expected to last through June, and available inventories will be reserved for domestic consumption. Listed seaborne bitumen prices are at $370/t fob Sitra, unchanged since mid-April. Earlier this month, the 3,394 deadweight tonne Sidra Al Wakra vessel loaded a 3,100t cargo from Sitra for discharge in Qatar, shiptracking data from global trade and analytics firm Kpler show. The same vessel is scheduled to load a similar-sized cargo in the coming week, the data showed, but it was unclear if this would be the last bitumen tanker loading schedule ahead of the turnaround. Import demand for Bahraini cargoes has been lacklustre since 2024 because of competitive offers from neighbouring Iran, and only those with special requirements were enquiring for Bahraini cargoes. Import demand was mostly from Qatar, the UAE, and South Africa's Durban. The weekly fob Iran bulk price was assessed by Argus at $342.50/t on 9 May, at a discount of $27.50/t to Bahrain's listed seaborne prices. The Argus -assessed fob Iran bulk prices were at a discount of $109.90/t on average to Bahrain's listed seaborne prices in 2024. The discounts widened to as high as $201/t at the end of May last year. Meanwhile, the Sitra refinery is undergoing upgrading as part of the $7bn flagship Bapco Modernisation Project (BMP), which will increase the refinery's capacity to 380,000 b/d from 267,000 b/d. The project was inaugurated towards the end of last year and currently the refinery is likely starting up secondary units, but further details on the progress of this were not available. The upgraded refinery will primarily increase output of middle distillates, indicating that output of heavier products such as bitumen will be reduced, especially with the start-up of the secondary units. By Sathya Narayanan, Ieva Paldaviciute and Keyvan Hedvat Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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About Argus and O.M.R.
In July 2020, O.M.R. Oil Market Report was integrated into Argus Media's German subsidiary, Argus Media Germany, and now operates under the Argus Media name.
Both Argus Media, established in 1970, and O.M.R. Oil Market Report, established in 1985, were founded as family businesses. Now, they combine their long history and extensive experience in market reporting.
Our team of experts are in daily exchange with market participants in Germany and around the world, providing you with trusted prices, latest news and useful analyses on the German and northwest European markets.
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- Telephone: +49 (0) 40 8090 3717
- E-Mail: germanfuels@argusmedia.com
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