08272016Sat
Last update: Sat, 27 Aug 2016 06pm

Markets - Energy

Markets - Energy - Asia

VTTI says it resumes operations at Malaysia terminal SINGAPORE: VTTI, the storage unit of world's largest oil trader Vitol, said late on Friday it has resumed operations at its Malaysia terminal ATT Tanjung Bin (ATB). "The suspension has been lifted. ATB will resume its operations as normal, with immediate effect," a company spokeswoman said in an e-mail.The terminal suspended operations earlier on Friday after receiving a notice from the authorities following an oil spill.ATB located at Tanjong Pelepas in Johor has a total storage capacity of 1.155 million cubic metres. It handles gasoline, jet fuel, gasoil, fuel oil and biofuels.Copyright Reuters, 2016

Markets - Energy - Americas

Oil up on reports of Yemen missiles hitting Saudi oil facilities NEW YORK: Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities. Yemeni forces have fired ballistic missiles at the facilities belonging to the Saudi state oil giant Aramco in the kingdom's southwest, according to traders citing reports by Iran Press TV and Yemen TV. Prices were also supported dollar tumbled against a basket of currencies after US Federal Reserve Chair Janet Yellen's comments at an international ...

Markets - Energy - Europe

North Sea Oseberg oil loadings to slip in October LONDON: The North Sea Oseberg crude oil stream will load about 116,000 barrels per day (bpd) in October, a trade source said on Friday, down from September's schedule. The October programme lists six cargoes of 600,000 barrels each, the source said. The September programme also originally listed six cargoes, giving a daily rate of 120,000 bpd. Copyright Reuters, 2016

Markets - Energy - Europe

Oil prices drop as output hopes dampen LONDON: Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut.Iranian Oil Minister Bijan Zanganeh on Friday said his country wanted its pre-sanctions share of the crude market. His comments followed a warning by Saudi Energy Minister Khalid Al-Falih regarding the success of a gathering in Algeria next month on world output levels.Around 1230 GMT, US benchmark West ...

Markets - Energy - Europe

Oil prices fall as Saudi Arabia dampens prospects of output freeze LONDON: Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister cooled expectations that top producers might agree next month to curb crude output levels.Brent crude oil futures were down 52 cents at $49.15 per barrel by 0917 GMT, while U.S. West Texas Intermediate (WTI) crude was down 28 cents at $47.05 a barrel.Saudi Arabian Energy Minister Khalid Al-Falih told Reuters late on Thursday: "We ...

Markets - Energy - Asia

Vietnam's Jan-Aug crude oil exports fall 25.7pc y/y HANOI: Vietnam's crude oil exports in the first eight months of 2016 fell 25.7 percent from a year ago to an estimated 4.65 million tonnes, or 140,000 barrels per day (bpd), the government said on Friday.Crude oil export revenues in the January-August period plunged 46.2 percent from the same period last year to $1.47 billion, the government's General Statistics Office said in its monthly report.Oil product imports jumped 22.9 percent in the same period to ...

Markets - Energy - Americas

Oil prices rise as Iran joins OPEC meet NEW YORK: Oil prices cautiously rose on Thursday as Iran said it would join talks on global output with other OPEC members and Russia, and the dollar fell slightly.A barrel of West Texas Intermediate for October delivery finished up 56 cents over Wednesday, closing at $47.33 on the New York Mercantile Exchange.In London, North Sea Brent for October delivery settled up 62 cents at $49.67 per barrel on the Intercontinental Exchange.Investors in recent weeks have ...