Asia
Tuesday, 30 April 2013 12:49
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SINGAPORE: Brent crude steadied under $104 a barrel on Tuesday, holding on to most of its gains from the previous session as investors remained cautiously optimistic that further global stimulus measures would boost oil demand.But prices were headed for their biggest monthly slide since May last year, after plunging to nine-month lows below $100 earlier in April amid a commodities sell-off triggered by weak economic data from top consumers the United States and China.Brent dropped 25 cents to $103.56 a barrel by 0512 GMT, heading for an almost 6 percent loss this month. US crude was 11 cents lower at $94.39 a barrel, on track to end the month down nearly 3 percent."We are now going to be looking at taking direction from the Federal Reserve after a really rough month, the expectation is that we should see stimulus measures continue," said Carl Larry, president of the Houston-based Oil Outlook ...
SINGAPORE: Oil prices fell in Asia on Monday as weak economic data from the United States sparked concerns over softer demand for crude, analysts said.New York's main contract, light sweet crude for delivery in June was down 29 cents to $92.71 a barrel and Brent North Sea crude for June delivery shed 46 cents to $102.70 in afternoon trade."The weak (US) GDP data questions business conditions in the market, signalling that inventories may rise as ...
SINGAPORE: Oil prices eased in Asia on Friday as traders cashed in recent gains following signs of strengthening US energy demand and concerns over Syria, analysts said.New York's main contract, light sweet crude for delivery in June dropped 62 cents to $93.02 a barrel in the afternoon Brent North Sea crude for June delivery shed 53 cents to $102.88."There has been a slight pullback in prices on profit taking," Michael McCarthy, chief market strategist at ...
BEIJING: China's Sinopec Group, Asia's largest oil refiner, said on Thursday it agreed to sell a stake of 30 percent in an oil and gas block in Myanmar to Taiwan's CPC Corp, one of a series of deals between state-owned energy giants and the Taiwan firm.Sinopec, the parent of Hong Kong-listed Sinopec Corp , gave no financial details of the transaction of block D, which is awaiting approval from regulators, nor did it give any ...
SINGAPORE: Vietnam's top oil importer Petrolimex is seeking 35,000 tonnes of gasoil for May, a tender document showed on Wednesday.The company is seeking a 500 ppm sulphur gasoil cargo for May 20 to 31 loading from either Singapore, Thailand, South Korea, South China or Taiwan, the document stated.The tender closes on April 25 and is valid until April 26 Petrolimex had stayed away from the spot market due to a weak domestic demand and high ...
SINGAPORE: Brent crude held above $100 a barrel on Wednesday, supported by fears that OPEC could cut oil supply if prices fall more, although data from major economies pointing to slower growth and fuel demand capped gains.Oil has propped above $100 this week after calls from OPEC oil hawks Venezuela and Iran for an emergency meeting ahead of one already scheduled on May 31. The Organization of the Petroleum Exporting Countries pumps more than a ...
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