05252016Wed
Last update: Wed, 25 May 2016 12am

Asia

Markets - Energy - Asia

Asia Distillates-Gasoil extends premiums to 2016 high SINGAPORE: Cash differentials of benchmark 500ppm gasoil extended gains on Friday, climbing to a 2016 high, boosted by pockets of renewed regional demand and tightening supply over the near term, industry sources said.Cash premiums of the 500ppm gasoil rose 2 cents a barrel on Friday to 24 cents above Singapore quotes, its highest since Dec. 11. Since the start of the week gasoil premiums have risen from a discount of 4 cents below Singapore quotes. <GO005-SIN-DIF>While the front month 500ppm gasoil cracks against Dubai crude fell below $10 to $9.94 a barrel on Friday, the crack ended the week higher from $9.52 on Monday.In Jet fuel, cash discounts narrowed by 2 cents on Friday to minus 47 cents a barrel below Singapore quotes, halting a week of declines for differentials of the aviation fuel fall from minus 32 cents a barrel on Monday.Cash differentials for the fuel have been weighed ...

Markets - Energy - Asia

Asia-Pacific Crude-Minas strengthens further SINGAPORE: Indonesian benchmark Minas crude strengthened further on Thursday as Glencore continued to bid for the grade, traders said.Minas' premium to dated Brent likely rose by about $1 a barrel from the previous session to about $3 following Glencore's bids that went as high as $50.80, they said.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), strengthened after traders hedged arbitrage cargoes from North Sea, traders said.The July EFS rose 20 ...

Markets - Energy - Asia

Azeri oil output down to 13.98mn T in Jan-April BAKU: Azerbaijan's oil output fell to 13.98 million tonnes in January-April, a source in Azerbaijan's government told Reuters on Thursday. Copyright Reuters, 2016 ...

Markets - Energy - Asia

Asia Distillates-Gasoil cash premiums jump to 2016 highs on Hin Leong trades SINGAPORE: Asia's gasoil cash differential for benchmark 500ppm grade rose to its highest level this year on Tuesday as deals in the Singapore market traded at firm premiums despite persistent concerns of ample supplies, traders said.Singapore-based trader Hin Leong picked up the only two offers for 500ppm gasoil made in the Platts window by Vitol and Unipec each at a premium of 40 cents a barrel above Singapore quotes, industry sources said. Together, both cargoes ...

Markets - Energy - Asia

Oil prices dip after latest surge SINGAPORE: Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to restart production after being closed by huge wildfires.The commodity has seen strong swings this week as traders weigh up the effects of the blazes that have torn across the vast oil sands region of Alberta as well as disruptions elsewhere.Tuesday saw both main contracts rally as data showed output in oil major Nigeria had slumped to a ...

Markets - Energy - Asia

Asia-Pacific Crude-Excess supply weighs on market SINGAPORE: The Asia-Pacific crude market remained under pressure on Tuesday due to excess supply as sellers held onto their unsold cargoes from the previous month."The July regional market is weak because of the overhang," said a trader.Still, a narrowing of July Brent's premium to Dubai swaps may support spot differentials for regional grades, the trader added.Brent-Dubai Exchange of Futures for Swaps (EFS) was $3.15 a barrel on Tuesday, 7 cents narrower than the previous session.For ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha edges up but supplies still ample SINGAPORE: Asia's naphtha crack edged up by about 2 percent to reach a three-session high of $52 a tonne on Monday after falling to a two-month low in the previous session.But traders said supplies remained ample.Lower incoming Western cargoes were being offset by high refinery runs in Asia, causing the glut to persist, they said."We are still generally bearish. Gasoline support for naphtha is not there," said a Singapore-based industry source.Naphtha, depending on its grade, ...