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Last update: Sun, 11 Dec 2016 04pm

Asia

Markets - Energy - Asia

Asia-Pacific Crude-ESPO stays weak; Sokol premium tumbles  SINGAPORE: Russian ESPO premiums remained weak in the Asia-Pacific crude market after Rosneft sold two cargoes via a tender, traders said on Thursday.Rosneft sold a May 11 to 14 cargo to Vitol at $2.45 a barrel above Dubai quotes, likely the lowest premium so far for May-loading cargoes. Rosneft's May 22 to 25 cargo was sold at a premium of $3.20 a barrel to Gunvor.Surgutneftegaz sold five cargoes at premiums ranging from $2.50 to $3.10 a barrel to GS Caltex, Vitol, Eni, Unipec and Shell for loading on May 10 to 14, 14 to 18, 19 to 23, 23 to 27 and 27 to 31, respectively.Tenergy sold one of its two ESPO cargoes loading on May 24 to 27 and 28 to 31 to a Chinese trader although details remained sketchy.The producer earlier sold a May 7 to 12 cargo at a premium of about $3 a barrel to an ...

Markets - Energy - Asia

Asia-Pacific Crude-May Kimanis premium holds steady SINGAPORE: The Asia-Pacific crude market held steady on Wednesday after ConocoPhillips sold Kimanis close to the level of a previous trade.The US explorer sold a Kimanis cargo at about $3.60 a barrel above dated Brent, similar to a previous sale by Petroleum Brunei, traders said.Petronas' decision to keep Tapis, Kikeh and Labuan for domestic use has so far helped support premiums for Malaysian grades. But its offer of a Bunga Kekwa cargo late in the ...

Markets - Energy - Asia

Sinopec to boost gas capacity two-thirds by 2020 HONG KONG: China Petroleum & Chemical Corporation (Sinopec) , plans to boost its domestic natural gas production capacity by about two-thirds by 2020, its chairman said on Wednesday, part of plans to develop clean energy. The state-owned company aims to increase its domestic natural gas capacity to 40 billion cubic metre (bcm) by 2020, from 23 bcm currently, Chairman Wang Yupu said at a news conference in Hong Kong.Wang said Sinopec had prioritised natural gas ...

Markets - Energy - Asia

Asia-Pacific Crude-May Kimanis premium holds steady  SINGAPORE: The Asia-Pacific crude market held steady on Wednesday after ConocoPhillips sold Kimanis close to the level of a previous trade.The US explorer sold a Kimanis cargo at about $3.60 a barrel above dated Brent, similar to a previous sale by Petroleum Brunei, traders said.Petronas' decision to keep Tapis, Kikeh and Labuan for domestic use has so far helped support premiums for Malaysian grades. But its offer of a Bunga Kekwa cargo late in the ...

Markets - Energy - Asia

Oil prices rebound on less than expected build in stocks SINGAPORE: Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week.A weakening dollar also lent some support but concern that a two-month rally was fading in an oversupplied market put a ceiling on gains.Brent futures climbed 28 cents to $39.42 a barrel as of 0547 GMT after settling down $1.13 in the previous session.U.S. crude rose 38 cents to $38.66 a barrel after ending ...

Markets - Energy - Asia

Oil rises on weakened dollar ahead of US inventory data SINGAPORE: Oil prices were lifted Wednesday by a weaker dollar after Federal Reserve chief Janet Yellen signalled a cautious approach to US interest rate hikes, but rises were tempered by worries about a supply glut.A US energy department report to be released later in the day is expected to show another rise in US commercial crude stockpiles, indicating softer demand in the world's top oil consumer.At around 0340 GMT Wednesday, US benchmark West Texas Intermediate ...

Markets - Energy - Asia

Asia-Pacific Crude-Vietnamese grades sell at steady premiums  SINGAPORE: Vietnamese grades in the Asia-Pacific crude market were sold at steady premiums from the previous month, underpinned by firm demand from China and Thailand, traders said on Tuesday.PV Oil sold three 300,000-barrel Bach Ho cargoes to Unipec loading on at $1-$1.50 a barrel above dated Brent. The cargoes will load on May 2-6, 14-18 and 27-31.The Vietnamese state marketer also sold 300,000 barrels of Bunga Kekwa to PTT at $1.50-$1.90 a barrel above dated ...