All
 

 

Just in:  

You are here: Home

Asia

Archive

Asia-Pacific Crude-Vietnam to lower 2015 output; ESPO weakens SINGAPORE: The Asia-Pacific crude market remained under pressure on Wednesday with several February cargoes still unsold, although a drop in production in Vietnam next year could limit supply in the region.Most grades were sold at slightly higher premiums this month, supported by the high costs of bringing arbitrage cargoes to the region. However, supply remained ample with little improvement in Asian demand.PetroVietnam expects revenues to drop by almost a third next year when it plans to cut Vietnam's crude oil output by around 3 percent to 16.8 million tonnes (337,000 barrels per day), due to highly volatile oil prices.The company produced 17.37 million tonnes of crude oil this year, beating its annual output target by 7.2 percent, it said in a statement.Brent crude prices edged towards $57 a barrel on Wednesday as weak Chinese manufacturing data and demand concerns outweighed supply disruptions in Libya.Brent-Dubai Exchange of Futures for Swaps (EFS), ...
Middle East Crude-Weaker; ESPO premiums fall SINGAPORE: Spot differentials for Russia's ESPO blend came under pressure in the Middle East crude oil market due to weak appetite from Asian refiners, traders said on Wednesday.ESPO for February loading was traded as low as $1.80-$1.90 a barrel above Dubai quotes, traders said, down from premiums of around $3 a barrel earlier this month.Rosneft sold three 730,000-barrel cargoes due to load in February in a tender at a premium of $2-$3 a barrel, the ...
Indonesia to scrap gasoline subsidy from Jan 1 and float prices JAKARTA: Indonesia will ditch gasoline subsidies and link the retail prices to international oil markets from Jan. 1, the chief economics minister said on Wednesday, in one of the biggest reforms to the country's energy subsidies in decades.From midnight tonight, the government will stop subsidising gasoline prices altogether and set the price of gasoline according to global oil markets. "Prices will be evaluated every month," said coordinating Economic Minister Sofyan Djalil, adding that since world ...
Brent falls towards $57 as demand concerns outweigh supply disruptions SINGAPORE: Brent crude prices dropped towards $57 a barrel on Wednesday as weak Chinese manufacturing data and demand concerns outweighed supply disruptions in Libya.China's factory sector shrank for the first time in seven months in December, with the final HSBC/Markit Purchasing Managers' Index (PMI) for this month coming in at 49.6.The final reading was higher than a preliminary reading of 49.5, but down from the final 50.0 in November. The 50.0 mark separates growth from ...
Oil prices down in thin pre-holiday trade SINGAPORE: Crude edged lower in thin pre-holiday trade Wednesday ahead of the release of a key US supply report, as analysts predicted a rebound in prices in the new year after shedding nearly 50 percent since June. US benchmark West Texas Intermediate for February delivery fell 38 cents to $53.74 while Brent crude for February eased 49 cents to $57.41 in mid-morning trade. Trading volumes were thin with many dealers away ahead of the New ...

 





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk