01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Asia

Markets - Energy - Asia

Asia Fuel Oil-Market steady as cost of resupply limits downside SINGAPORE: Asia's high sulphur fuel oil market complex was little changed on Wednesday after two sessions of declines, supported by higher-cost replacement barrels stemming from structurally tighter global supplies.While arbitrage flows from the West and the Arabian Gulf into Asia are rising, traders said the market complex was expected to seesaw around current levels due to the relatively high costs of resupply."I don't think we'll dive to big discounts (over the near term) maybe flat at worst because resupply ain't cheap," said one Singapore-based fuel oil trader.Premiums of the 380-cst fuel Feb/March time spreads were initially trading lower on the Intercontinental Exchange (ICE) on Wednesday but later recovered to Tuesday's settlement at around $2 a tonne by 17:00 Singapore time (09:00 GMT) after physical trading in the Singapore Platts window was concluded, industry sources said.In the physical market cash premiums of the 380-cst fuel oil were down 6 cents from ...

Markets - Energy - Asia

Asia Fuel Oil-Buying interest boosts 380-cst premiums further SINGAPORE: Cash premiums of Asia's 380-cst fuel oil rose for a fourth consecutive session on Monday, lifted by continued buying interest for prompt cargoes and improved market sentiment.While sentiment has been generally bullish over the past few months due to structurally tighter fuel oil supplies and firm demand, "some players seem to be defending bullish positions and taking whatever cargoes they can," a Singapore-based fuel oil trader said.Nine cash deals were reported in the Platts ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha slips; gasoline at 9-1/2 month high SINGAPORE: Asia's naphtha crack fell 5 percent on Friday to $105.60 a tonne after a near 16 percent spike in the previous session to a one-year high, while the gasoline crack reached a 9-1/2 month high of $11.82 a barrel.Gasoline and naphtha have been boosted in part by a fire at ADNOC's Ruwais refinery in the United Arab Emirates which coincided with a fire at Russia's Tuapse oil refinery this week."It was a knee-jerk reaction ...

Markets - Energy - Asia

Asia-Pacific Crude-Market awaits March offers; arbitrage to Asia seen open SINGAPORE: Trade for March-loading Asia-Pacific crude is off to a slow start as traders await greater clarity on regional loading programmes and as Asian refiners have this week shifted focus to managing supply cuts from OPEC producers.Supplies of Australian heavy sweet crude are expected to rise in March after two cargoes of Pyrenees crude were scheduled for loading in the month. Just one cargo of the grade was offered for February loading.Quadrant Energy will market ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha goes higher; buyers keep coming SINGAPORE: Asia's naphtha crack rose for the sixth straight session on Tuesday to nearly 9-1/2 month high of $93.45 a tonne supported by strong demand.Taiwanese Formosa Petrochemical Corp, Asia's top naphtha importer, was looking to by naphtha for second-half February delivery to Mailiao through a tender closing on Jan. 11.South Korea's YNCC had bought around 75,000 tonnes of naphtha for second-half February delivery at premiums of at least $1 to Japan quotes on a cost-and-freight ...

Markets - Energy - Asia

Asia Fuel Oil-Fuel market stable in thin trading SINGAPORE: Asia's fuel oil market was stable in thin trading on Friday even as cash differentials for 180- and 380-cst high sulphur fuel oil narrowed slightly.Three trades for 380-cst fuel were reported in the Platt's windows compared with 12 bids and 19 offers for the same grade. There were no trades for 180-cst high sulphur fuel.Narrowed cash differentials should indicate firmer demand for bunkers amid lower arbitrage inflows, but thin physical trading volumes indicated traders ...

Markets - Energy - Asia

Oil steady in quiet holiday season trade; supply cut deal to kick in Jan 1 TOKYO: Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC members in 15 years is scheduled to kick in.London Brent crude for February delivery was down 1 cents at $55.15 a barrel by 0335 GMT after settling up 11 cents on Friday. Oil markets were closed on Monday after Christmas ...