12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Asia

Markets - Energy - Asia

India's March oil imports fall 1.7pc y/y: trade  NEW DELHI: India's oil imports in March fell 1.7 percent from a year ago while shipments in the fiscal year to March rose 5.6 percent as the country expanded its refining capacity, tanker arrival data obtained from trade sources and compiled by Thomson Reuters Analytics showed.India shipped in about 4.07 million barrels per day (bpd) of oil in March, a decline of about 12 percent from the previous month, the data showed.India, Iran's biggest oil client after China, shippped in slightly more than 500,000 bpd of oil from Tehran, the highest in at least five years.Iranian oil accounted for about 6.2 percent of New Delhi's overall imports in the last fiscal year with the Persian Gulf nation improving its ranking by a notch to emerge as the sixth biggest oil supplier to New Delhi.The share of Middle East and African oil in India's overall purchases rose in 2015/16 while that ...

Markets - Energy - Asia

Crude falls in Asia as Kuwait oil workers end strike SINGAPORE: Oil prices resumed their fall in Asia Wednesday after petroleum workers called off a strike in key OPEC producer Kuwait, quashing hopes the disruption could help ease a persistent supply glut.Curtailed production resulting from the three-day strike in OPEC's fourth biggest member led prices to rise Tuesday, ending a four-day losing streak.But prices resumed their decline after the Kuwait Oil Workers Union on Wednesday ended their mass action and decided to return to work, ...

Markets - Energy - Asia

Japan's 2015/16 LNG imports fall 6.2pc from record high TOKYO: Japan's liquefied natural gas (LNG) imports fell 6.2 percent in the fiscal year ended March 31 from a year earlier to 83.571 million tonnes, preliminary trade data showed on Wednesday, marking the first drop in six years as some nuclear reactors restarted.The decline was also the first since the Fukushima nuclear disaster, following a massive quake in 2011, drove purchases to successive records.Thermal coal imports rose 1.7 percent to a record high 112.139 million ...

Markets - Energy - Asia

Crude futures fall after Kuwaiti oil workers end strike TOKYO: Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut production from the Middle Eastern country, and data showed US stockpiles rose last week. Brent crude futures were down 68 cents at $43.35 a barrel at 0302 GMT. On Tuesday, they settled up $1.12, or 2.6 percent, at $44.03 a barrel. US crude was down 85 cents at $40.23. The contract rose $1.30, or 3.3 percent, to $41.08 ...

Markets - Energy - Asia

Asia-Pacific Crude-June ESPO premium hits six-month low SINGAPORE: Russian crude premiums remained weak in Asia after Surgutneftegaz sold two June-loading cargoes at the lowest premiums in about six months as unsold supplies from the previous month weighed on the market, trade sources said on Tuesday.For loading mostly in June, Surgut has sold two 730,000-barrel cargoes at $2-$2.20 a barrel above June Dubai quotes to Unipec, the sources said. The cargoes will load between May 31 and June 5, and between June 3 ...

Markets - Energy - Asia

Oil prices dip as freeze talks failure trumps Kuwait strike SINGAPORE: Oil prices extended their losses on Tuesday as disappointment over the failure of talks to freeze output outweighed the possible impact of a strike by oil workers in key producer Kuwait.Prices had plunged early Monday soon after news that the long-awaited meeting of major producers in Doha had collapsed, fanning worries about a persistent global oversupply.However, the losses were pared through the day on news that thousands of workers in the Kuwaiti oil sector ...

Markets - Energy - Asia

Asia-Pacific Crude-Light grades hold steady  SINGAPORE: Australian light grades held steady on Monday, supported by demand from refiners in the Pacific.Trafigura bought a cargo of June-loading Mutineer crude about $3 a barrel to dated Brent, a trader said, after earlier purchasing a Kutubu cargo at $2-$2.50 a barrel above dated Brent.Russian ESPO starts trading this week as Surgutneftegaz has offered two ESPO cargoes loading between May 31 and June 5 and June 3-June 8 in a tender to close on ...