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Last update: Mon, 23 Jan 2017 05pm

Markets - Energy

Markets - Energy - Asia

Oil prices down in Asia SINGAPORE: Oil prices fell in Asia on Monday, giving up some of last week's sharp gains as concerns of a global supply glut weighed on prices ahead of fresh US stocks data. US benchmark West Texas Intermediate (WTI) for delivery in February was down 27 cents at $37.83 and Brent crude for February was trading 17 cents lower at $37.72 a barrel at around 0320 GMT.Prices jumped last week after data showed an unexpected fall in US commercial crude stockpiles, with WTI adding almost 10 percent.News the US will resume exports after a 40-year ban also helped to drive the country's benchmark to a premium over London-traded Brent, which is seen as a measure of global prices."With no major economic news during the week, which will be a short trading week due to holidays, the markets will be looking closely for EIA's weekly US crude oil inventory data," said Sanjeev ...

Markets - Energy - Asia

Vietnam 2015 crude oil export volume eases 0.6pc HANOI: Vietnam's crude oil exports this year dipped an estimated 0.6 percent from a year ago to 9.25 million tonnes, or 186,000 barrels per day, the government said on Saturday. Crude oil export revenue for the full year plunged 47.3 percent to $3.81 billion, the General Statistics Office said.Oil product imports rose 18.7 percent to an estimated 10 million tonnes, with the value falling 29 percent to $5.34 billion, the office said in its monthly ...

Markets - Energy - Europe

Four more years of cheap oil: OPEC VIENNA: The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four years, according to a report released Wednesday.With the global benchmark oil price touching an 11-year low of $36.04 on Monday, the cartel which produces a third of the world's crude said that it foresees a "gradual improvement in market conditions as growing demand and slower than previously expected non-OPEC supply ...

Markets - Energy - Europe

Oil up after US crude stocks drop, still close to multi-year lows LONDON: Oil prices rose on Wednesday, underpinned by an unexpected fall in U.S. crude inventories but were still close to multi-year lows as supplies remained abundant and as OPEC lowered the demand outlook for its exports.At 1249 GMT, Brent crude futures were up 69 cents at $36.81 a barrel, while West Texas Intermediate (WTI) futures were up 63 cents at $36.77.A day earlier Brent touched $35.98, its lowest since July 2004.The Organization of the Petroleum ...

Markets - Energy - Europe

Oil prices rise before US data LONDON: Oil prices rose Wednesday awaiting data on energy stockpiles in the United States, the world's biggest consumer of crude. Around midday in London, benchmark contract Brent North Sea crude for delivery in February was up 39 cents at $36.50 a barrel compared with Tuesday's close.New York's West Texas Intermediate for February won 37 cents to $36.51 a barrel. Analysts said Wednesday's report from the Department of Energy on US oil inventories could reverse the ...

Markets - Energy - Asia

US crude pips into premium over Brent as exports loom though price outlook remains bleak SINGAPORE: US crude prices briefly rose to a premium over internationally traded Brent on Wednesday following a report of a surprise dip in US inventories and the potential for more exports in an oil market which still suffers from ballooning oversupply.Front-month U.S. West Texas Intermediate (WTI) crude futures were trading at $36.47 per barrel at 0744 GMT, up 33 cents from their last settlement.Brent crude earlier traded as low as $36.28 a barrel, flipping WTI ...

Markets - Energy - Europe

Russia's November refinery runs up 10.2pc from October MOSCOW: Russian oil refinery runs rose 10.2 percent in November from the previous month, or 527,609 barrels per day (bpd), after major seasonal maintenance in September and October, Energy Ministry data and Reuters calculations showed.Refineries processed 5.706 million bpd of crude oil versus 5.179 million in October.State-owned oil major company Rosneft increased its total processing volumes by 22.5 percent after planned maintenance of Syzran, Achinsk and Saratov refineries ended.Gazprom Neft's Moscow and Omsk refineries grew ...