01252017Wed
Last update: Wed, 25 Jan 2017 04am

Asia

Markets - Energy - Asia

Qatar cuts crude prices for November SINGAPORE: Qatar has set its November retroactive official selling price (OSP) for its Marine crude at $43.05 a barrel, down from $48.40 a barrel the previous month, a source with knowledge of the matter said on Thursday. Qatar set its November Qatar Land crude OSP at $45.20 a barrel, down from $50.25 in October. Copyright Reuters, 2016 ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha edges up, fundamentals remain weak SINGAPORE: Asia's naphtha crack was up marginally at $58.38 a tonne while the contango between second-half January and second-half February remained at $2 a tonne for a second day, reflecting a market awash with supply.Contango is a market structure that reflects ample supplies versus backwardation which shows strong fundamentals.The Asian gasoline crack however retreated to a three-session low of $8.65 a barrel, mirroring the softness in the US market following an unexpected build up of ...

Markets - Energy - Asia

Asia Distillates-Gasoil differentials rise as 27 cargoes change hands SINGAPORE: Asian gasoil differentials edged higher on Thursday on the back of a wave of deals, in which 27 cargoes changed hands, trade sources said.Winson Oil was the main seller of the 27 cargoes, after being the main buyer of gasoil from mid-September to November.The company has been storing gasoil in ships and onshore tanks, and is likely to be taking advantage of a rise in underlying crude oil prices to sell them at a ...

Markets - Energy - Asia

China Nov crude imports up 18pc on year, fuel exports at record BEIJING: China's crude oil imports rebounded strongly in November from the previous month and were up 18 percent on a year ago, while exports of refined fuel hit a record high as refiners rushed to ease an expanding domestic surplus.November crude oil imports at 32.35 million tonnes, or about 7.87 million barrels per day (bpd), up sharply from both 6.65 million bpd a year ago and 6.78 million bpd in October, data from the General ...

Markets - Energy - Asia

Oil prices shed early gains amid doubts over OPEC output cut SEOUL/SINGAPORE: Oil prices erased early gains to trade almost flat in Asian session on Thursday on mixed U.S. crude stocks data and doubts over OPEC's implementation of an output cut, although a weaker dollar aided sentiment.International Brent crude futures were trading up 2 cents at $53.02 a barrel at 0807 GMT. Prices fell to $52.81 a barrel earlier in the session.U.S. benchmark West Texas Intermediate crude was up 3 cents at $49.80 a barrel after ...

Markets - Energy - Asia

Oil slips on doubts output cut will be deep enough to end glut SINGAPORE: Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years.  International Brent crude futures were at $53.78 per barrel at 0759 GMT, down 15 cents, or 0.28 percent, from their last close.US West Texas Intermediate (WTI) crude futures were down 20 cents, or 0.39 percent, at 50.73 per barrel.Oil prices surged as much as ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha extends losses; more supplies seen         SINGAPORE: The contango in Asia's naphtha intermonth spread between second-half January and second-half February deepened by half to $1 on Monday while the crack value fell for the third straight session to reach its lowest in five weeks at $60.63 a tonne. The crude rally and ample naphtha supplies were hurting the sellers' sentiment, traders said, and the weak market could persist throughout January next year. Contango refers to a weak prompt market while backwardation reflects strong fundamentals. "Cargoes arriving in Asia next month from the ...