Wednesday, 19 September 2012 11:14
Posted by Shoaib-ur-Rehman Siddiqui
SINGAPORE: India's Oil & Natural Gas Corp (ONGC) sold an October naphtha cargo from Hazira to Total at about $34 a tonne above Middle East quotes on a free-on-board (FOB) basis, down by about 13.5 percent from a previous sale, traders said on Wednesday.
The 35,000-tonne cargo is scheduled for loading on Oct. 3-4 from Hazira. Traders said tight supplies have eased, with India exporting more cargo as refinery maintenance was to end this month.
More European cargoes are also expected to arrive in Asia next month.
ONGC had previously sold a cargo out of Hazira for Sept. 23-24 loading at $39.30 a tonne premium to Unipec.
Copyright Reuters, 2012 ...
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SINGAPORE: India's Oil & Natural Gas Corp (ONGC) sold an October naphtha cargo from Hazira to Total at about $34 a tonne above Middle East quotes on a free-on-board (FOB) basis, down by about 13.5 percent from a previous sale, traders said on Wednesday.
The 35,000-tonne cargo is scheduled for loading on Oct. 3-4 from Hazira. Traders said tight supplies have eased, with India exporting more cargo as refinery maintenance was to end this month.
More European cargoes are also expected to arrive in Asia next month.
ONGC had previously sold a cargo out of Hazira for Sept. 23-24 loading at $39.30 a tonne premium to Unipec.
Copyright Reuters, 2012 ...
SINGAPORE: Brent crude fell below $112 a barrel on Wednesday on concerns over the capacity of a fragile global economy to support demand and indications that the world's top oil exporter Saudi Arabia was pumping more oil to bring down prices.
The drop for a third consecutive day comes after global crude benchmarks hit four-month highs last week after the US Federal Reserve unveiled an aggressive bond-buying programme aimed at stimulating growth in the world's biggest ...
TOKYO: French oil group Total expects to get firm commitments for financing the $34 billion Ichthys liquefied natural gas (LNG) project in Australia within about two months, a company executive said on Wednesday.
Japan's Inpex Corp, the sponsor of Ichthys, and Total are seeking $20 billion in loans, in what could be the world's biggest project finance loan, for the gas development.
Total in July increased its stake in Ichthys located off the northwest coast of Australia ...
DUBAI: Saudi Arabia is acting to lower oil prices, a senior Gulf source said on Tuesday, adding that the majority of OPEC producers wanted oil prices around $100 per barrel.
The Gulf source told reporters the oil market was well balanced with no shortage of oil supply.
Saudi Arabia was producing around 10 million barrels per day (bpd) of crude and other members of the Organization of the Petroleum Exporting Countries would be increasing output over the ...
SINGAPORE: London front-month Brent crude dropped more than a dollar on Tuesday to under $113 a barrel, with some traders saying a hedge fund may be liquidating positions.
London Brent crude for November delivery was down $1.03 at 0630 GMT at $112.76 per barrel.
"There is some talk about a hedge fund liquidating positions," said a Singapore-based trader at an investment bank.
Copyright Reuters, 2012 ...
SINGAPORE: Crude prices rebounded in Asia Tuesday as traders moved in following a plunge in New York, analysts said.
New York's main contract, West Texas Intermediate (WTI) for delivery in October, gained 16 cents to $96.78 a barrel in the afternoon and Brent North Sea crude for November added 32 cents to $114.11.
"We're potentially just seeing a little bit of a bounce based on the fact that the move yesterday was so vicious," said Jason Hughes, ...
SINGAPORE: Crude prices rebounded in Asia Tuesday as traders moved in following a plunge in New York, analysts said.
New York's main contract, West Texas Intermediate (WTI) for delivery in October, gained 46 cents to $97.08 a barrel and Brent North Sea crude for November added 31 cents to $114.10.
"We're potentially just seeing a little bit of a bounce based on the fact that the move yesterday was so vicious," said Jason Hughes, head of premium ...
