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Last update: Tue, 31 May 2016 05am

Asia

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 ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha and gasoline remain locked in bear run SINGAPORE: Asia's naphtha crack fell for a fourth straight day on Friday to remain at a two-month low of $51.13 a tonne on an unrelenting glut.Malaysia-based Titan has bought naphtha for second-half June delivery to Pasir Gudang and traders estimated the levels to be around $9 to $10 a tonne below Japan quotes on a cost-and-freight (C&F) basis.Titan had bought a first-half June naphtha cargo in late April at a discount of about $5.The deals ...

Markets - Energy - Asia

Asia-Pacific Crude- Malaysia sells June condensate cargoes SINGAPORE: The Asia-Pacific crude market held steady on Thursday as Malaysia sold June condensate cargoes at slightly higher premiums amid some tightness in supply, though the market was winding down and pressured by slumping margins, traders said.Malaysia's Petronas sold a cargo each of Muda and Cakerawala condensate for June at slightly higher premiums, said two traders that follow the regional market, an increase attributed to less condensate availability during the month."Condensate avails weren't that high ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha, gasoline stuck in glut rut SINGAPORE: Asia's naphtha crack hovered near a two-month low of $51.45 a tonne on Thursday while the gasoline crack was close to a two-week low of $7.61 a barrel due to a supply glut that showed no signs of retreating, traders said.Singapore's onshore light distillates stocks, made up mostly of gasoline and blendstock for gasoline, rose nearly 7 percent, or 994,000 barrels, to a two-month high of 15.533 million barrels in the week to May ...

Markets - Energy - Asia

Oil prices up as Canada wildfires threaten crude output SINGAPORE: Oil prices climbed in Asia Thursday with Brent breaching $45 a barrel as raging wildfires threatened to cut Canadian output and a decline in US crude production also boosted the commodity.Authorities say wildfires are burning out of control in the Alberta oil sands region of Canada, which mines and ships heavy crude south to the US market, and oil companies have reduced operations to facilitate the evacuation of non-essential employees.News of the Canada fires ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Naphtha lower; YNCC seeks term SINGAPORE: Asia's naphtha crack slipped on Wednesday to a nearly two-month low of $57.25 a tonne on ample supplies as refineries ran at high rates to cash in on low crude prices, traders said.The weak fundamentals drew South Korean buyer YNCC forward as it sought to lock in low naphtha prices through a 12-month purchase contract starting July.South Korea's Lotte Chemical, meantime, has bought at least 25,000 tonnes of naphtha at $5 a tonne below ...

Markets - Energy - Asia

Oil prices rebound in Asia but gains limited by glut fears SINGAPORE: Oil prices rebounded in Asia Tuesday but nagging worries about excess supplies kept them below 2016 highs after data showed Iran and Iraq increasing output.The commodity has rallied for four straight weeks thanks to a weaker dollar and hopes that the world economy is slowly turning positive.However, it fell on Monday after figures showed Iraqi exports hit a near-record 3.36 million barrels a day in April while Iran's production during the month reached 3.5 ...