07012016Fri
Last update: Fri, 01 Jul 2016 06pm

Asia

Markets - Energy - Asia

Asia-Pacific Crude-Aug Chim Sao supply improves SINGAPORE: Vietnamese supply slightly improved in the Asia-Pacific crude market on Friday, as PV Oil offered two Aug Chim Sao cargoes for loading in August, compared with one in the previous month.August Ruby supplies were unchanged at 500,000 barrels.India's demand for West African crude remained strong for August as refiner IOC bought a total of 7 million barrels of crude.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), rose 11 cents to $3.71 a barrel for August. Copyright Reuters, 2016 ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Cracks up; westbound gasoline shipment seen SINGAPORE: Asia's naphtha crack extended gains to reach a three-session high of $45.68 a tonne after hitting a 17-month low on June 7 as heavy supplies dragged.Demand for naphtha from South Korea, however, has been healthy, with Lotte Chemical buying naphtha for arrival in the second half of July at a discount of about $4 a tonne to Japan quotes on a cost-and-freight (C&F) basis.This was mostly in keeping with levels since early June as ...

Markets - Energy - Asia

Asia Fuel Oil-Spreads diverge amid uncertainty on oil price direction SINGAPORE: Asian fuel oil spreads diverged on Friday on muted buying activity amid wider uncertainty among traders on which way prices are heading,traders said on Friday.That came as oil prices fell on Friday from 2016 highs hit earlier this week after a rebound in the dollar.While the number of bids and offers were evenly balanced, there was a difference of up to $7 between some of the potential trades, while only one trade was concluded ...

Markets - Energy - Asia

Asia Naphtha/Gasoline-Prices still at discount levels even as cracks strengthen SINGAPORE: Asia's naphtha crack rebounded from a 17-month low on Thursday to touch its highest in two sessions at $44.28 a tonne, but was still far below this year's high at over $145 as heavy supplies put pressure on the market.This has been clearly reflected in spot prices for cargoes on a cost-and-freight (C&F) basis, which have been at discounts since late April.South Korea's YNCC has bought around 75,000 tonnes of naphtha for second-half July ...

Markets - Energy - Asia

Oil hits fresh 2016 highs as US crude stocks fall SINGAPORE: Oil prices edged up to fresh 2016 highs on Thursday, buoyed by a fall in U.S. crude inventories, a weaker dollar and strong demand, although some analysts warned that the recent rally was starting to look overblown.International Brent crude oil futures hit a high of $52.86 a barrel, and were up 23 cents at $52.74 a barrel at 0700 GMT. U.S. crude hit a fresh high of $51.67 and was up 33 cents higher ...

Markets - Energy - Asia

Oil prices near 2016 highs as US crude inventories drop SINGAPORE: Oil prices remained near 2016 highs in early trading on Thursday, buoyed by a fall in U.S. crude inventories, a weaker dollar and strong demand, but some analysts warned that the recent rally was starting to look overblown.International Brent crude oil futures were trading at $52.70 per barrel at 0045 GMT, up 19 cents from their last close.U.S. West Texas Intermediate (WTI) crude was 32 cents higher at $51.55 a barrel.Traders said the price ...

Markets - Energy - Asia

Asia-Pacific Crude-Drop in Qatari condensate exports set to support NWS SINGAPORE: Asia-Pacific condensate may receive a lift from tighter competing supplies from Qatar as the producer prepares to start trial runs for a second plant at the Ras Laffan condensate refinery.Qatar will double its capacity for processing condensate by almost 150,000 barrels a day (bpd) in August when production trials begin for the Laffan Refinery 2 (LR2) plant, with commercial production starting by October, a Qatar Petroleum official said.Condensate exports from Qatar will drop from ...