According to preliminary statistics from the Ministry of Energy of the Russian Federation, Russia’s coal export volume in January-March 2019 was 44.0283 million tons, down 0.64% from 44.3099 million tons in the same period in 2018.

In March, Russia’s coal export volume was 15.451 million tons, down 0.49% from 15.527 million tons in the same period in 2018 and up 10.29% from 14.49 million tons in February.

From January to March, Russia’s coal output was 108 million tons, up 2.58% from 105 million tons in the same period in 2018.

In March, Russia’s coal output was 36.793 million tons, an increase of 1.3% from 36.3269 million tons in the same period in 2018 and 5.42% from 34.9089 million tons in February.

In the early morning of the 3rd Beijing time, crude oil futures prices hit a new high of 2019 on Tuesday, with Brent crude oil approaching the $70 threshold. Iran will face more sanctions and the prospect of Venezuelan crude oil production being disrupted, which strengthens the effect of OPEC’s action to reduce production on oil prices.

Brent crude oil futures rose 41 cents, or 0.6%, to $69.42, the highest level since November 13.

WTI crude oil futures rose 99 cents, or 1.6%, to close at $62.58, the highest level since November 7.

Jim Ritterbusch, president of Ritterbusch and Associates, said: “Today’s WTI crude oil and Brent crude oil have reached new highs in more than a month. Oil prices have risen more than we expected. Oil prices are bullish. Although we still maintain the price target of $62 for WTI crude oil, we cautiously advise investors not to cash in prematurely in view of the sudden momentum of recent oil price increases.

A U.S. official said the United States was considering more sanctions against Iran. Iran is the fourth largest oil producer of the Organization of Petroleum Exporting Countries (OPEC).

Meanwhile, in Venezuela, an oil producer also subject to U.S. sanctions, a crude oil terminal was suspended due to power failure.

The disruption of crude oil supplies in Iran and Venezuela further strengthens the effect of OPEC-led production cuts. According to a Reuters survey, OPEC’s crude oil production fell to its lowest level in four years in March this year, mainly due to non-active production cuts and the fact that Saudi Arabia, the organization’s largest oil producer, has cut its output more than expected.

On the 2nd, the 19th International Liquefied Natural Gas Conference, known as the “Olympic Games” of the LNG industry, opened in Shanghai. Industry insiders from 53 countries and regions discussed the future of the global LNG industry. It is reported that in 2018, China’s natural gas consumption exceeded 280 billion square meters and has become one of the most dynamic natural gas and LNG markets in the world.

Natural gas is a high-quality, efficient, green and clean low-carbon energy. With the economic development, energy consumption growth and increasingly stringent carbon dioxide emission reduction, the long-term growth rate of natural gas consumption is higher than that of coal and oil. As an important part of natural gas business, LNG can effectively connect the supply side and the demand side by means of flexible transportation mode, and the growth rate is higher than that of pipeline natural gas.

The development and utilization of natural gas is one of the important ways to promote the revolution of energy production and consumption in China. It is understood that in 2018, China’s natural gas consumption exceeded 280 billion square meters and imported more than 90 million tons of natural gas. Among them, LNG accounts for 60% of the total import volume, more than 53 million tons, and the import scale has reached a record high, covering 25 countries such as Asia-Pacific, Middle East, North America and so on.

“In 2018, China’s LNG receiving capacity increased significantly, with an additional annual receiving capacity of more than 10 million tons.” Zhang Jianhua, Director-General of the State Energy Administration, said that with the continuous improvement of infrastructure, the gradual development of the market and the improvement of mechanism and policy, the foundation for the development of China’s LNG industry will be further consolidated.

In March, the domestic compound fertilizer market showed a steady downward adjustment, and then stabilized, showing signs of narrow-range correction near the end of the month.

At the beginning of this month, the spring farming market started gradually, and Huazhong started earlier, with distributors’pre-stocking, the actual replenishment mood was not high. In contrast, only Northeast China could get enough goods, and high phosphorus fertilizer was the main source. However, due to the persistent unsatisfactory price of crops in recent years, farmers’ enthusiasm for planting land was not high, and they purchased more on demand, which limited the market support. Near the middle and early days, the central China market was approaching to prepare fertilizer. At the end, in order to seize the summer fertilizer market, enterprises began to hold a distributor order meeting. During the meeting, they introduced preferential policies such as explosives or guaranteed prices, interest-bearing, etc. to stimulate distributors to prepare fertilizer in advance. It is known that the quotations of individual manufacturers have been adjusted by about 50 yuan compared with the beginning of the month, and inquiries in the market have increased slightly. Then some enterprises follow suit in time. Stimulated by preferential policies, enterprises have received some orders. Later, most manufacturers considered the profit of downstream distributors, together with the rebound of raw material urea prices, supported the stable operation of compound fertilizer enterprises, and the stable situation lasted until the late ten days; after the “Jiangsu Xiangshui” incident on 21 January, urea prices increased sharply. By the end of the middle and late ten months, urea prices in the main producing areas increased by about 100-150 yuan, and coincided with compound fertilizer. The manufacturer focuses on the production and bidding of high nitrogen fertilizer. In order to seize the market in the early ten days, the enterprise held an order meeting and took orders at low prices during the meeting. With the rising price of nitrogen fertilizer, especially urea, the market of high nitrogen fertilizer was supported. Near the end of the month, the enterprise cancelled the preferential policy and even some compound fertilizer manufacturer had the intention to raise the price. Henan and Shandong took the lead in raising the price of high nitrogen fertilizer by 3%. About 0 yuan, the inquiries are normal, but the actual transactions are sporadic. The main business mainly receives pre-orders. The rest of the enterprises wait for the rise of raw material urea and plan to price again in early April. So far, 45% CL (3*15) is out of the factory from 2020 to 2070 yuan/ton, and 40 (30-5-5) (28-6-6) of high nitrogen fertilizer is out of the factory from 1950 to 2 in the main production area of central China, near 2300-2350 yuan/ton, and 45% CL (3*15) is out of the factory from 2020 to 2070 yuan/ton. 050 yuan per ton. At present, the compound fertilizer market is still uncertain. Enterprises pay more attention to the trend of urea price. If the price of urea continues to rise, under this support, or near the beginning of April, the price of high nitrogen compound fertilizer may also rise. Specifically, we still need to pay attention to the price trend of raw materials.

Turkmenistan Oriental Network reported on March 22 that in an interview with S&P Global Praz News Agency, Alshad Nasilov, Vice President of Marketing and Investment of Azerbaijani National Petroleum Corporation (SOCAR), said that at least 4 million tons of Turkmenistan oil would be transported to the international market through the Baku-Tbilisi-Jeyhan pipeline in 2020.

Na said that SOCAR transported crude oil across the Caspian Sea on tankers and then through the Baku-Tbilisi-Ceyhan pipeline to the Turkish port of Ceyhan. Na pointed out that 4.2 million tons of local crude oil had been transported by this route in 2018 and decreased in 2019 because of the resumption of crude oil exports to Russia through the Mahathikara trading port this year.

Turkmenistan’s crude oil production is about 11 million tons per year. Most of the crude oil is processed at the Turkmenistan Bashi Refinery.