05252016Wed
Last update: Wed, 25 May 2016 11pm

Asia

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, ...

Markets - Energy - Asia

China April exports, imports decline more than expected BEIJING: China's exports and imports fell more than expected in April, underlining weak demand at home and abroad and cooling hopes of a recovery in the world's second-largest economy. Exports fell 1.8 percent from a year earlier, the General Administration of Customs said on Sunday, reversing the previous month's brief recovery and supporting the government's concerns that the foreign trade environment will be challenging in 2016. April imports dropped 10.9 percent from a year earlier, ...

Markets - Energy - Asia

Iran oil and gas condensate exports reaches 2,450,000 BPD DUBAI: Iran's oil and gas condensate exports have reached 2,450,000 barrels per day, Oil Minister Bijan Zanganeh was quoted as saying by ministry news agency SHANA on Saturday. He also said there was no obstacle to Iran regaining its lost share of the oil market after the lifting of international sanctions against Tehran in January.Copyright Reuters, 2016 ...