Asia Energy - Markets - Business Recorder

Energy

Oil prices slide as supply boost, weaker demand fears weigh

SINGAPORE: Crude oil prices fell on Monday, under pressure from expectations of increasing supplies and a lower...

Published 15 Nov, 2021 11:41am

Energy

China's INE adds to Sinopec's Commercial Petroleum Reserve Co storage capacity

The additional capacity includes an extra 400,000 cubic metres at Sinopec's storage in the southern Guangdong provi

Published 24 Apr, 2020 12:11pm

Energy

Oil pushes higher, but doubts grow about output cut deal

US benchmark West Texas Intermediate was up about five percent at $23.94 a barrel in Asian afternoon trade, after e

Published 13 Apr, 2020 12:31pm

Energy

Asian gasoline margin hits record low

Worldwide lockdowns to limit the spread of the coronavirus have crushed petrol demand, making gasoline the worst hi

Published 06 Apr, 2020 01:06pm

Energy

Asia spot LNG prices tumble to record low of $2.622/MMbtu-Platts

The previous record was on Feb. 14, when prices fell to $2.713 per MMBtu, said Ciaran Roe, head of LNG pricing at S

Published 30 Mar, 2020 03:13pm

Energy

Oil rises amid hope for short economic hit from coronavirus outbreak

Brent crude was up by 51 cents, or 0.9pc, at $58.26 a barrel by 0732 GMT, while U.S. oil was up 55 cents, or 1.1pc,

Published 19 Feb, 2020 11:22am

Energy

Oil prices fall 1pc as market weighs coronavirus impact on demand

Brent crude was at $56.88 a barrel, down 79 cents, or 1.4pc, by 0746 GMT, while U.S. West Texas Intermediate crude

Published 18 Feb, 2020 10:53am

Energy

Oil prices mixed as demand concerns outweigh output cut expectations

OPEC yesterday lowered its 2020, forecast for demand for the group's crude by 200,000 bpd. Brent and WTI have

Published 13 Feb, 2020 10:10am

Energy

U.S. oil may bounce into $51.54-$52.65 range

The contract found a strong support at $49.61, the 123.6pc projection level on a downward wave (3) from $59.73.

Published 12 Feb, 2020 11:31am

Energy

Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns

Brent crude was up 98 cents, or 1.8pc, at $54.99 per barrel at 0335 GMT. U.S. West Texas Intermediate (WTI) ro

Published 12 Feb, 2020 10:39am

Energy

Oil rebounds amid broad market recovery; investors still wary

Brent crude rose 53 cents, nearly 1pc, to $53.80 a barrel by 0730 GMT, retreating from an intraday high of $54.16.

Published 11 Feb, 2020 11:46am

Energy

Oil rises on likely OPEC+ output cuts amid coronavirus outbreak

Oil prices have fallen by more than a fifth since the outbreak of the virus in the city of Wuhan in China. US

Published 07 Feb, 2020 11:04am

Energy

Oil prices rebound, fuelled by hopes for OPEC+ supply cuts

Oil prices are now at levels where we would expect a supply response from both OPEC and shale producers. UBS h

Published 04 Feb, 2020 08:48am

Energy

Oil rises as WHO declares emergency, but opposes travel restrictions

U.S. West Texas Intermediate (WTI) rose by 34 cents to $52.48 a barrel. It is 3.2pc lower on the week. China's

Published 31 Jan, 2020 11:11am

Energy

Tokyo Gas cuts FY city gas sales forecast as warmer weather weakens demand

Japan's biggest supplier of city gas also booked a 9.9 billion yen ($90 million) loss on the Ichthys Liquefied Natu

Published 30 Jan, 2020 10:26am

Energy

Oil spill from S-Oil's offshore buoy contained off the coast of South Korea

The leak occurred early Wednesday as the offshore buoy's pressure gauge was broken but the source of the leak was s

Published 29 Jan, 2020 11:21am

Energy

Indian shares fall as China virus spreads; metals stocks slide

India's NSE Nifty 50 index was down 0.44pc at 12,194.00 by 0420 GMT, while the S&P BSE Sensex was 0.43 lower at

Published 27 Jan, 2020 11:46am

Energy

Oil rises, but potential impact of China virus on fuel demand haunts market

Brent crude futures were up 31 cents, or 0.5pc, at $62.35 a barrel by 0741 GMT after falling 1.9pc the previous ses

Published 24 Jan, 2020 11:33am

Energy

Brunei LNG cargo for March delivery sold below $4/mmBtu

Brunei LNG also sold a March 12-15 delivery cargo at around $4.40 per mmBtu, one of them said. The cargoes wer

Published 21 Jan, 2020 11:24am

Energy

Asia Naphtha/Gasoline-Cracks hurt by higher oil prices

Asia's gasoline crack was near a 1-1/2 week low of $4.38 a barrel as ample supplies persisted. China's overall

Published 20 Jan, 2020 12:07pm

Energy

Brent oil may test resistance at $71.98

Brent oil may test a resistance at $71.98 per barrel. The fifth wave labeled 5 has extended. It is expect

Published 08 Jan, 2020 01:46am

Energy

Oil prices surf US-China trade thaw to 3-month highs

The deal between the world's two largest economies has improved the global economic outlook. Brent crude futur

Published 19 Dec, 2019 11:54am

Energy

Russia's Rosneft seeks Japanese investors for giant Vostok oil development

The project will require construction of pipelines, roads, a sea port and other infrastructure. Rosneft wants

Published 11 Dec, 2019 11:02am

Energy

Oil mixed amid slow holiday trade before OPEC+ meeting

Brent futures are set for a slight gain of 0.6pc for the week, the fourth weekly increase. Russian oil compani

Published 29 Nov, 2019 11:56am

Energy

Oil gains on U.S.-China trade talks optimism

Brent crude futures were at $63.73, up 34 cents or 0.54pc, the benchmark having also finished little changed last w

Published 25 Nov, 2019 12:22pm

Energy

China CNPC's $8.5bn gas storage project starts construction

State energy group CNPC said in January it planned to build 23 more gas storage facilities by 2030. The projec

Published 20 Nov, 2019 12:45pm

Energy

Indian Oil in talks with Rosneft to import Russian oil

We have taken very small quantities from Russia in the past which cant be considered significant so we are trying t

Published 12 Nov, 2019 01:10pm

Energy

India's diesel exports to weigh on Asia's refining margins

Indian Oil Corp , Bharat Petroleum Crop and Hindustan Petroleum Corp, used to buy in supplies from private companie

Published 08 Nov, 2019 12:17pm

Energy

China issues more crude oil import quotas for 2019

Third batch of quotas allocated to 19 companies-document Total quotas issued for 2019 reach 166 mln tonnes

Published 22 Oct, 2019 12:06pm

Energy

Asia Naphtha/Gasoline-Naphtha timespread rises indicating tight supplies

SINGAPORE: Asia's naphtha crack recovered to a two-session high of $86.53 a tonne, while the intermonth t

Published 21 Oct, 2019 11:27am

Energy

Oil prices fall on signs of large US stock build

US crude inventories soared by 10.5 million barrels to 432.5 million barrels in the week to Oct. 11. Global be

Published 17 Oct, 2019 10:20am

Energy

India's Nayara supplying fuel to Rosneft in exchange for Venezuelan oil

The United States in January prohibited US-dollar transactions for oil sales from Venezuela's PDVSA or its units.

Published 15 Oct, 2019 07:45pm

Energy

China's CNOOC aims to trial LNG shipments through trains

CNOOC will send LNG from the Guangxi, Zhuhai, Zhejiang and Tianjin LNG terminals to central China via trains.

Published 15 Oct, 2019 11:55am

Energy

Tokyo Gas rejects delivery of LNG tanker after power outage

The carrier regained power but Tokyo Gas did not take delivery for safety reasons because the carrier operator did

Published 11 Oct, 2019 12:09pm

Energy

Oil prices dip on wilting hopes for U.S.-China trade deal

OPEC member Venezuela will also increase its exports despite U.S. economic sanctions that have curtailed shipments.

Published 10 Oct, 2019 11:44am

Energy

Oil falls a third day as U.S.-China trade tensions may limit demand

Brent crude futures fell 12 cents, or 0.2pc, to $58.12 a barrel by 0656 GMT. U.S. industry data showing a bigg

Published 09 Oct, 2019 11:28am

Energy

Asia Naphtha/Gasoline-Naphtha crack hits 11-month high

Premiums for Indian cargoes have been surging after the Sept. 14 attacks on Saudi Arabia's oil facilities. Thi

Published 08 Oct, 2019 01:44pm

Energy

Oil prices little changed, cautious mood ahead of U.S.-China trade talks

U.S. and Chinese officials will meet in Washington on Oct. 10-11 in the next, much-anticipated fresh effort to work

Published 07 Oct, 2019 09:37am

Energy

Iran says China's CNPC pulls out of gas project

Iran's oil minister said Sunday that China's CNPC has withdrawn from the development of an offshore gas field.

Published 06 Oct, 2019 01:13pm

Energy

Oil climbs but set for big weekly loss over demand worries

Brent crude oil futures rose 12 cents, or 0.2%, to $57.83 a barrel by 0703 GMT, while U.S. West Texas Intermediate

Published 04 Oct, 2019 08:15am

Energy

Asia Naphtha/Gasoline-Gasoline at near 2-week high; CNOOC seeks naphtha

Asia's gasoline crack neared a two-week high of $9.71 a barrel on Thursday as supplies were tightening due to refin

Published 03 Oct, 2019 12:09pm

Energy

Asia Naphtha/Gasoline-Naphtha crack hits 9-month high

Asia's naphtha crack rose for a fifth straight session to touch a nine-month high of $66.40 a tonne on Wednesday.

Published 02 Oct, 2019 11:07am

Energy

Oil sinks amid threats to demand growth, fading Saudi supply concerns

"Oil prices continued to slide lower after a drop in China's industrial profits in August reinforced worries that t

Published 27 Sep, 2019 08:20am

Energy

Asia Naphtha/Gasoline-Timespread, premiums highest since 2018

Naphtha price for front-month first-half November was $13.50 higher than the following month, making this the wides

Published 26 Sep, 2019 12:59pm

Energy

U.S. oil may rise to $72.36 per barrel in Q4

U.S. oil may rise to $72.36 per barrel in the fourth quarter. This cycle has been well controlled by a set of

Updated 23 Sep, 2019 09:41am

Energy

Brent oil may retest $71.74-$72.66 per barrel resistance zone in Q4

Oil may be confined within the range of $63.96-$72.66 over the next few weeks. This dramatic rally, although d

Published 20 Sep, 2019 12:10pm

Energy

Saudi Aramco books at least 120,000 T European naphtha for Asia after attacks

That some of the cargoes are to be supplied to South Korea. Oil Research shows that Aramco chartered vessel Br

Published 20 Sep, 2019 10:35am

Energy

Oil holds huge gains after Saudi blasts; Fed decision in view

Oil prices dipped Tuesday but held most of the previous day's record gains following an attack on Saudi facilities

Published 17 Sep, 2019 08:34am

Energy

Oil prices surge after attacks hammer Saudi output

Trump says US 'locked and loaded' to respond to Saudi oil attack Trump authorized the release of US supplies f

Updated 16 Sep, 2019 08:27am

Energy

Oil slips on global demand fears despite U.S.-China trade talk hopes

Brent crude was down 23 cents, or 0.4%, at $60.15 a barrel by 0648 GMT. Nearly 80% of more than 60 economists

Published 13 Sep, 2019 08:51am

Energy

Oil gains on signs of thaw in U.S.-China trade war, inventory fall

TOKYO: Oil prices rose on Thursday, recouping some of the heavy losses in the previous session, on signs of easing trad

Published 12 Sep, 2019 09:58am

Energy

U.S. oil may retest resistance at $58.59

SINGAPORE: U.S. oil may retest a resistance at $58.59 per barrel, a break above which could lead to a gain to $59.75.

Published 11 Sep, 2019 08:35am

Energy

Oil prices gain after bigger-than-expected fall in U.S. stockpiles

TOKYO: Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more

Published 11 Sep, 2019 07:29am

Energy

Oil steadies, set for weekly gain amid hopes for end to U.S.-China trade war

TOKYO: Oil prices were steady on Friday, with crude benchmarks poised for multi-week gains amid a sharp drawdown in U.S.

Published 06 Sep, 2019 08:23am

Energy

Oil eases on U.S. stocks build despite trade talk hopes

TOKYO: Oil prices eased on Thursday after a report showed U.S. crude inventories rose against expectations, even as Wash

Published 05 Sep, 2019 10:08am

Energy

Oil prices nudge higher, but economic worries loom

SINGAPORE: Oil prices recovered some ground on Wednesday, boosted by a wider market pickup on positive news from China's

Published 04 Sep, 2019 07:28am

Energy

Brent oil still targets $57.13-$57.91 range

SINGAPORE: Brent oil still targets a range of $57.13-$57.91 per barrel, as suggested by a wedge and a retracement analys

Published 03 Sep, 2019 08:26am

Energy

Oil prices mixed as market eyes trade war, awaits stocks data

TOKYO: Oil prices were mixed on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Ko

Published 03 Sep, 2019 07:55am

Energy

U.S. oil to fall towards $52.99

SINGAPORE: U.S. oil is expected to break a support at $54.51 per barrel and fall towards the next support at $52.99, as

Published 03 Sep, 2019 07:53am

Energy

Oil falls as U.S., China add more tariffs in trade war

TOKYO: Oil prices weakened on Monday after new tariffs imposed by the United States and China came into force, raising c

Published 02 Sep, 2019 07:05am

Energy

Oil set for biggest weekly gain since July on trade dispute hopes

TOKYO: Oil prices on Friday were set for their biggest weekly gains since early July, boosted by a decline in U.S invent

Published 30 Aug, 2019 10:08am

Energy

Oil rises after inventory draw eases recession worries

TOKYO: Oil prices rose on Wednesday, with U.S. crude gaining 1.3% after an industry report showed stockpiles in the Unit

Published 28 Aug, 2019 08:34am

Energy

Oil rises after inventory draw eases recession worries

TOKYO: Oil prices rose on Wednesday, with U.S. crude gaining 1.3% after an industry report showed stockpiles in the Unit

Published 28 Aug, 2019 08:24am

Energy

Kazakhstan's oil exports to China fall by 22pc in Jan-July

MOSCOW: Kazakhstan's oil exports to China fell by 22% in January-July from the same period a year ago reflecting a r

Published 27 Aug, 2019 01:07pm

Energy

Oil rises as hopes grow for U.S.-China trade breakthrough

TOKYO: Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive com

Published 27 Aug, 2019 09:52am

Energy

Brent oil may retest support at $58.18

SINGAPORE: Brent oil may retest a support at $58.18 per barrel, a break below which could cause a fall to $57.67. The

Published 26 Aug, 2019 08:57am

Energy

Oil falls as trade war raises recession fears

TOKYO: Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as an intensifying U.S.-China

Published 26 Aug, 2019 08:43am

Energy

Oil drops as recession risks mount with trade war tariffs

TOKYO: Oil prices fell on Monday, pushing U.S. crude to the lowest in more than two weeks, as an intensifying trade war

Published 26 Aug, 2019 06:49am

Energy

China's July gasoline exports near record as domestic output climbs

BEIJING/SINGAPORE: China's gasoline exports in July rose to near-record monthly levels, customs data showed on Friday, a

Published 23 Aug, 2019 10:49am

Energy

Asian refiner profits hammered by free-fall in fuel oil margins

SINGAPORE: Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for hig

Published 23 Aug, 2019 08:05am

Energy

Oil prices nudge higher, eyes on speech by Fed chair

SINGAPORE: Oil prices clawed back the previous day's losses on Friday, with Brent nudging above $60 a barrel, as tighter

Published 23 Aug, 2019 07:12am

Energy

Iran says top waterways won't be as safe if its oil exports cut to zero

GENEVA: If Iran's oil exports are cut to zero, international waterways will not have the same security as before, it

Published 21 Aug, 2019 12:58pm

Energy

Brent oil futures climb above $60 on U.S. inventory draw

SINGAPORE: Brent crude oil futures rose above $60 a barrel for the first time in over a week on Wednesday after a data r

Published 21 Aug, 2019 08:24am

Energy

Oil prices rise on stimulus hopes, trade optimism

SINGAPORE: Crude oil prices edged up on Tuesday on optimism U.S.-China trade tensions will ease and on hopes major econo

Published 20 Aug, 2019 09:44am

Energy

Asia Naphtha/Gasoline-Naphtha gains but sharply lower vs year ago

SINGAPORE: Asia's naphtha crack rose to $20.85 a tonne on Monday but this was down by nearly 79% from a year ago due to

Published 19 Aug, 2019 02:40pm

Energy

China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions-sources

SINGAPORE: China National Petroleum Corp has halted August loadings of Venezuelan oil following the latest set of U.S. s

Published 19 Aug, 2019 07:24am

Energy

Prices steady as Japan swelters and Texas plant readies export

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) remained steady this week amid sweltering heat in Japan dri

Published 16 Aug, 2019 11:24am

Energy

China's Shenzhen Gas to launch new LNG terminal with cargo from ENI

SINGAPORE: Chinese city-gas distributor Shenzhen Gas will launch next week in southern China its first fully-owned termi

Published 16 Aug, 2019 09:27am

Energy

Oil rises as U.S. retail sales ease recession fears

TOKYO: Crude oil prices rose on Friday following two days of declines, buoyed after data showing an increase in retail s

Published 16 Aug, 2019 07:15am

Energy

Japan's prices for spot LNG cargoes fall to lowest since May 2016

TOKYO: The price Japanese utilities paid for spot cargoes of liquefied natural gas (LNG) last month were at their lowest

Published 09 Aug, 2019 03:41pm

Energy

Oil edges up on expectations of more OPEC output cuts, but trade worries linger

SEOUL: Oil prices inched higher on Friday as expectations of more OPEC production cuts provided some support, although c

Published 09 Aug, 2019 07:36am

Energy

Oil jumps on expectations producers may cut supply after 4pc slump

SINGAPORE: Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5pc losses in the previou

Published 08 Aug, 2019 12:06pm

Energy

China's Guangzhou Gas buys LNG cargo for August

SINGAPORE: China's Guangzhou Gas has bought a liquefied natural gas (LNG) cargo for delivery in August, three industry s

Published 08 Aug, 2019 11:46am

Energy

Oil jumps on expectations producers may cut supply after 4pc slump

SINGAPORE: Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5% losses in the previous

Published 08 Aug, 2019 08:48am

Energy

Japan LNG buyers talk tough as spot prices drop to 3-year lows

SINGAPORE: An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to

Published 07 Aug, 2019 12:40pm

Energy

Asia Naphtha/Gasoline-Naphtha margins extend losses on slow demand

SINGAPORE: Asia's naphtha crack extended losses on Tuesday to reach close to a six-week low of $22.78 a tonne, with buye

Published 06 Aug, 2019 02:31pm

Energy

Oil hovers around $60 as US-China trade tensions weigh

LONDON: Oil prices rebounded slightly on Tuesday from big falls in recent sessions, but Brent crude remained near seven-

Published 06 Aug, 2019 12:07pm

Energy

Middle East Crude-Benchmarks drop after Saudi price cuts

SINGAPORE: Middle East crude market benchmarks weakened on Tuesday, after top oil exporter Saudi Arabia cut its Septembe

Published 06 Aug, 2019 12:03pm

Energy

Asia Distillates-Jet fuel cash differentials slip

SINGAPORE: Asia's cash premiums for jet fuel fell on Tuesday, hurt by lacklustre buying interest in the physical market,

Published 06 Aug, 2019 11:36am

Energy

Oil climbs on short-covering, U.S.-China trade war caps gains

SINGAPORE: Oil prices rose more than 1% on Tuesday as traders betting on falling prices bought back contracts to lock in

Published 06 Aug, 2019 08:44am

Energy

Middle East Crude-Benchmarks mixed; Saudi, Qatar, Indonesia set OSPs

SINGAPORE: Middle East crude market benchmarks were mixed on Monday as Oman dipped, while Dubai edged up after top oil e

Published 05 Aug, 2019 02:30pm

Energy

Indonesia's Bontang LNG plant offers September loading cargo

LONDON: Indonesia's Bontang liquefied natural gas (LNG) plant has offered a cargo for loading in September, two trade so

Published 05 Aug, 2019 02:26pm

Energy

Asia Naphtha/Gasoline-Naphtha at 1-1/2 week low; IOC offers more

SINGAPORE: Asia's naphtha crack fell to a 1-1/2 week low of $29.13 a tonne as spot purchases for September cargoes slowe

Published 05 Aug, 2019 02:01pm

Energy

Oil prices drop as U.S.-China trade war fuels growth concerns

SINGAPORE/TOKYO: Oil prices fell on Monday amid renewed global economic growth concerns after U.S. President Donald Trum

Published 05 Aug, 2019 08:54am

Energy

Qatar raises July marine crude OSP to $64.75/bbl; up $1.30

SINGAPORE: * Qatar has set its July retroactive official selling price (OSP) for its Marine crude at $64.75 a barrel, up

Published 05 Aug, 2019 08:51am

Energy

Oil prices fall as trade tensions hit demand outlook

SINGAPORE/TOKYO: Oil prices fell on Monday amid renewed global economic growth concerns after U.S. President Donald Trum

Published 05 Aug, 2019 07:22am

Energy

GLOBAL LNG-Asian prices drop to more than 3-year low

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) dropped to a more than three-year low this week, dragged do

Published 02 Aug, 2019 10:28am

Energy

Oil prices regain ground after overnight plunge on tariffs

TOKYO: Oil prices rose around 2% on Friday, regaining ground after the biggest falls in years as U.S. President Donald T

Published 02 Aug, 2019 10:22am

Energy

LNG traders consider shipping options, betting on winter demand

SINGAPORE: Traders are starting to make enquiries to book vessels to store or ship liquefied natural gas (LNG) as they b

Published 02 Aug, 2019 09:13am

Energy

Saudi Arabia may cut crude oil prices to Asia in Sept

SINGAPORE: Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia for a second strai

Published 02 Aug, 2019 08:25am

Energy

Oil prices rebound after Trump trade tariffs trigger plunge

TOKYO: Oil prices rose more than 2% on Friday, rebounding from their biggest falls in years after U.S. President Donald

Published 02 Aug, 2019 08:13am

Energy

Asia Fuel Oil-380-cst cash premium, time spread extend gains

SINGAPORE: Asia's high-sulphur fuel oil (HSFO) extended gains on Thursday with firm buying interest lifting 380-cst HSFO

Published 01 Aug, 2019 01:28pm

Energy

Oil slips 1pc after Fed signals no more rate cuts, U.S. output gains

TOKYO: Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened

Published 01 Aug, 2019 08:53am

Energy

Asia LNG spot cargoes trade below $4 per mmBtu in sign of glut

SINGAPORE: Cargoes of liquefied natural gas are trading in Asia below $4 per million British thermal units for the first

Updated 01 Aug, 2019 08:59am

Energy

Oil rises for 5th straight day as market awaits Fed, stockpiles fall

TOKYO: Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as in

Published 31 Jul, 2019 07:56am

Energy

Indonesia is unlikely to begin natural gas imports in 2025 - minister

JAKARTA: Indonesian Energy Minister Ignasius Jonan told reporters on Wednesday the country is unlikely to begin natural

Published 31 Jul, 2019 05:59am

Energy

Oil prices rise as market eyes likely Fed rate cut

TOKYO: Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rate

Published 30 Jul, 2019 10:17am

Energy

Japan's June crude oil imports rise 16% y/y - METI

TOKYO: Japan's crude oil imports rose 16% in June from a year earlier to 2.78 million barrels per day (13.25 million kil

Published 30 Jul, 2019 08:52am

Energy

Oil unit for Nigeria's Dangote refinery sets sail from China

LAGOS: A piece of equipment that will process crude oil for Nigeria's Dangote refinery set sail on Monday from China

Published 29 Jul, 2019 08:10pm

Energy

Oil falls after "constructive" talks on Iran's nuclear deal

TOKYO: Oil prices fell on Monday after Iran described emergency talks on a multi-party nuclear agreement with a group of

Published 29 Jul, 2019 08:37am

Energy

China's Iran oil imports plunge as US sanctions bite

BEIJING/SINGAPORE: China's crude oil imports from Iran sank almost 60% in June from a year earlier, Chinese customs

Published 27 Jul, 2019 08:09pm

Energy

India's June oil imports down 7.2pc y/y

NEW DELHI: India imported 4.47 million barrels per day (bpd) of oil in June, a decline of about 7.2% from the year a

Published 26 Jul, 2019 07:29pm

Energy

Oil advances as geopolitical tensions offset slack demand

SINGAPORE/TOKYO: Oil prices edged higher on Friday on worries about Middle East tensions, though a flagging global econo

Published 26 Jul, 2019 08:50am

Energy

China's crude demand rebounds as refining profits return

SINGAPORE: Chinese independent oil refiners are snapping up crude cargoes from Russia, Oman, Africa and Brazil for deliv

Published 26 Jul, 2019 08:19am

Energy

China exports gasoline to Mexico, Nigeria amid overflowing output

SINGAPORE: China will ramp up gasoline exports in July and August to near record levels with cargoes moving to Mexico an

Published 25 Jul, 2019 12:19pm

Energy

Singapore fuel oil inventories slide as IMO 2020 nears

SINGAPORE: Singapore fuel oil inventories dropped for a sixth straight week to a more than eight-month low in the week e

Published 25 Jul, 2019 12:09pm

Energy

Oil advances on Gulf tensions but demand concerns cap gains

SINGAPORE/TOKYO: Oil prices edged higher on Thursday amid Middle East tensions and a big fall in weekly U.S. crude stock

Published 25 Jul, 2019 09:03am

Energy

Oil crawls up amid Mideast tensions; weak demand outlook caps gains

SINGAPORE/TOKYO: Oil prices nudged higher on Thursday amid Middle East tensions and after weekly U.S. crude stocks dropp

Published 25 Jul, 2019 07:58am

Energy

Asia Fuel Oil-380-cst crack widens as crude prices climb

SINGAPORE: The front-month 380-cst high-sulphur fuel oil (HSFO) barge crack widened its discount to Brent crude on Wedne

Published 24 Jul, 2019 02:11pm

Energy

Petronas sets August crude price factor at $5.70/bbl

SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for August at $5.70 per barrel

Published 24 Jul, 2019 10:47am

Energy

Oil edges up on U.S. stocks fall, Mideast tensions, trade talk signs

SINGAPORE: Oil prices nudged higher on Wednesday on rising tensions over Iran, a sharp fall in U.S. crude stocks and pos

Published 24 Jul, 2019 08:28am

Energy

Oil edges higher on U.S. inventory decline, escalating Mideast tensions

SINGAPORE: Oil prices edged higher on Wednesday, extending gains as rising tensions with Iran fuelled concerns about sup

Published 24 Jul, 2019 07:35am

Energy

Middle East Crude-Benchmarks weaken, ESPO premium gains

SINGAPORE: Middle East crude benchmarks eased on Tuesday while the spot premium for Russian ESPO gained thanks to robus

Published 23 Jul, 2019 01:08pm

Energy

Oil rises on Mideast tensions, glum demand outlook caps gains

SINGAPORE: Oil prices edged up on Tuesday on concerns about possible supply disruptions in the Middle East, but a weaker

Published 23 Jul, 2019 09:37am

Energy

Asian gasoil profit margins surge to 8-mth high as supplies tighten

SINGAPORE: Asian refining margins for gasoil have climbed to their highest in eight months as some regional refinery iss

Published 23 Jul, 2019 09:30am

Energy

India's June oil output falls to lowest in 4 months

India's crude oil production in June fell 6.8pc from a year earlier to about 2.69 million tonnes, the lowest since Febru

Published 22 Jul, 2019 01:51pm

Energy

India set for record edible oil imports as scanty rains trim output

MUMBAI: India's edible oil imports are likely to rise 7.3% in 2019/20 to a record high as weak monsoon rains curtail yie

Published 22 Jul, 2019 09:14am

Energy

Oil rises on Middle East Gulf tensions; Libya field resumes output

SINGAPORE/TOKYO: Oil prices rose on Monday on concerns that Iran's seizure of a British tanker last week may lead to sup

Published 22 Jul, 2019 08:28am

Energy

BP's Tangguh LNG plant Train 3 to be delayed by a year

JAKARTA: Operation of Train 3 at BP's Tangguh liquefied natural gas plant in Indonesia is expected to be delayed by a ye

Published 19 Jul, 2019 08:36pm

Energy

Singapore fuel inventories hit eight-month low ahead of IMO fuel switch

SINGAPORE: Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended

Published 19 Jul, 2019 11:15am

Energy

Asian prices slip but traders expect demand to pick up for winter

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) slipped this week tracking a fall in European gas prices th

Published 19 Jul, 2019 10:46am

Energy

Oil jumps after U.S. Navy downs Iranian drone

TOKYO/SINGAPORE: Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship

Published 19 Jul, 2019 09:17am

Energy

IEA does not expect "huge increase" in crude prices - executive director

NEW DELHI: The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowi

Published 19 Jul, 2019 08:45am

Energy

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall

TOKYO/SINGAPORE: Oil prices rose on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed

Published 19 Jul, 2019 07:47am

Energy

Oil prices gain, U.S. crude trails Brent after inventory data

TOKYO: Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for int

Published 17 Jul, 2019 07:39am

Energy

India's Vedanta to invest $650mn in new oil blocks

NEW DELHI Diversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas

Published 16 Jul, 2019 01:41pm

Energy

Oil falls as U.S. resumes Gulf of Mexico output, boosts shale supplies

TOKYO: Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico re

Published 16 Jul, 2019 07:39am

Energy

India's June vegetable oil imports up 6pc- trade body

NEW DELHI: India's vegetable oil imports rose 6% in June from a year ago to 1.11 million tonnes, a leading trade body sa

Published 15 Jul, 2019 10:30am

Energy

Oil lingers near 6-wk highs amid Gulf of Mexico storm, Middle East tensions

SEOUL/SINGAPORE: Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil produce

Published 12 Jul, 2019 09:19am

Energy

India's diesel demand set for detour as drivers switch to gasoline

NEW DELHI/SINGAPORE: India's strong diesel demand growth is decoupling from the car market as motorists increasingly tur

Published 12 Jul, 2019 09:17am

Energy

Output cuts boost Asia oil refining margins to highest since Sept 2017 -data

SINGAPORE: Asia oil refining margins have more than tripled in the past four weeks to hit their highest since September

Published 12 Jul, 2019 08:48am

Energy

China's rising diesel demand boosts appetite for blendstock fuel

SINGAPORE: China's imports of a fuel used for blending into the diesel pool have nearly doubled from a year ago as a cur

Published 12 Jul, 2019 07:54am

Energy

China's June crude oil imports rise on-month, but below peak -Rtrs calculations

SINGAPORE/BEIJING: China's crude oil imports rose in June from May on a daily basis but remained off April's peak, accor

Published 12 Jul, 2019 07:53am

Energy

Oil hits 6-wk high as rigs brace for Gulf of Mexico storm

TOKYO: Oil futures hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, wh

Published 11 Jul, 2019 08:53am

Energy

Oil rises on falling U.S. stockpiles, Gulf storm forecast

TOKYO: Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating

Published 10 Jul, 2019 08:21am

Energy

Oil gains after U.S. stockpiles drop, rigs evacuated

TOKYO: Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating

Published 10 Jul, 2019 07:42am

Energy

China's surging crude oil imports mask softer details

LAUNCESTON: China likely cemented its spot as the world's biggest importer of crude oil in the first half of 2019, t

Published 08 Jul, 2019 12:57pm

Energy

Asia fuel oil premiums surge to record as global sulphur shift looms

SINGAPORE: High sulphur fuel oil premiums in Asia surged to a record on Thursday, one of the first signs of the impact o

Published 05 Jul, 2019 08:47am

Energy

Middle East Crude-Dubai weakens but Oman strengthens

SINGAPORE: Middle East crude benchmarks were mixed on Thursday with cash Dubai's premium falling below $1 a barrel, whil

Published 04 Jul, 2019 10:57pm

Energy

Saudi Aramco sets Aug Arab Light oil price at $2.45/bbl premium

SINGAPORE: Saudi Aramco has set the August official selling price (OSP) for Arab Light crude for sale to Asia at $2.45 a

Published 04 Jul, 2019 10:39pm

Energy

Asia Naphtha/Gasoline-Gasoline margins hit two-month high on supply disruptions

SINGAPORE: Asia's naphtha crack rose for a second session on Thursday to reach a near 7-week high, while gasoline margin

Published 04 Jul, 2019 10:38pm

Energy

Asia Naphtha/Gasoline-Gasoline margins hit two-month high on supply disruptions

SINGAPORE: Asia's naphtha crack rose for a second session on Thursday to reach a near 7-week high, while gasoline ma

Published 04 Jul, 2019 12:25pm

Energy

India plans $330bn renewables push by 2030 without hurting coal

NEW DELHI: India said on Thursday it needs $330 billion in investments over the next decade to power its renewable e

Published 04 Jul, 2019 11:24am

Energy

Hong Kong stocks end morning lower

HONG KONG: Hong Kong stocks gave up early gains to end the morning session in negative territory Thursday, with investor

Updated 04 Jul, 2019 07:28am

Energy

Asia Naphtha/Gasoline-Cracks higher, gasoline stays near 7-week high

SINGAPORE: Asia's naphtha crack recovered to a four-session high of $29.58 a tonne on Wednesday while gasoline margins s

Published 03 Jul, 2019 07:59pm

Energy

Asia Naphtha/Gasoline-Cracks higher, gasoline stays near 7-week high

SINGAPORE: Asia's naphtha crack recovered to a four-session high of $29.58 a tonne on Wednesday while gasoline margi

Published 03 Jul, 2019 12:18pm

Energy

Oil prices steady amid U.S. stockpile drop, OPEC supply cut extension

SINGAPORE: Oil prices were steady on Wednesday after a steep fall in the previous session, supported by extended output

Published 03 Jul, 2019 07:53am

Energy

Oil prices climb as OPEC extends cuts, but demand worries persist

SINGAPORE: Oil gained on Tuesday as producer club OPEC agreed to extend supply cuts until next March, although prices we

Published 02 Jul, 2019 09:49am

Energy

Oil prices hold near $67/b ahead of G20 talks, OPEC

SEOUL: Oil prices held near $67 per barrel on Friday ahead of talks over the trade dispute between the US and Chines

Published 28 Jun, 2019 01:39pm

Energy

Oil prices slip ahead of G20 talks, OPEC meet

SEOUL: Oil prices eased on Friday as traders awaited any update on the Sino-U.S. trade war from a scheduled weekend meet

Published 28 Jun, 2019 10:07am

Energy

G20 meeting may offer more clarity to OPEC, non-OPEC - Russia's Novak

OSAKA: Russian Energy Minister Alexander Novak said on Friday he hoped a meeting of G20 nations in Japan would provide c

Published 28 Jun, 2019 09:09am

Energy

Oil prices drop as traders wait for G20, OPEC+ meetings

TOKYO: Oil prices fell on Thursday to erase some of the previous session's strong gains, as traders wait for the G20 sum

Published 27 Jun, 2019 07:23am

Energy

Oil prices drop amid demand worries, but U.S.-Iran tensions support

TOKYO: Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington a

Published 25 Jun, 2019 08:32am

Energy

Northeast Asia's LNG import demand growth declines on economic headwinds

SINGAPORE: Economic headwinds are limiting the appetite for liquefied natural gas (LNG) in Northeast Asia, home to the w

Published 25 Jun, 2019 08:29am

Energy

Growth in Indian fuel demand to stay above 4pc in 2019 -IOC CEO

SINGAPORE: Growth in India's fuel demand is expected to remain above 4% this year, driven by consumption of gasoline and

Published 25 Jun, 2019 07:48am

Energy

Brent oil may revisit Dec. 26, 2018 low of $49.93 in Q3

SINGAPORE: Brent oil may revisit its Dec. 26, 2018 low of $49.93 per barrel in next quarter, as suggested by its wave pa

Published 24 Jun, 2019 11:00am

Energy

Oil prices climb as U.S.-Iran tensions mount

TOKYO: Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the

Published 24 Jun, 2019 09:16am

Energy

India's May oil output falls 7pc year-on-year

India's crude oil production in May fell 6.91pc from a year earlier to about 2.80 million tonnes, while natural gas outp

Published 21 Jun, 2019 07:21pm

Energy

Asia Naphtha/Gasoline-Naphtha eases but gasoline at 4-week high

SINGAPORE: Asia's naphtha crack eased to a two-session low of $23.33 a tonne on Friday after hitting a month's high

Published 21 Jun, 2019 11:53am

Energy

Oil slips, but still propelled to gain for week as MidEast tensions grow

SINGAPORE/TOKYO: Oil prices reversed earlier gains on Friday but benchmark Brent crude was still set for its first weekl

Published 21 Jun, 2019 08:24am

Energy

Oil prices jump as downed U.S. drone stokes Middle East tensions

TOKYO: Oil prices climbed around 3% on Thursday amid escalating tensions in the Middle East as a U.S. official said one

Published 20 Jun, 2019 09:00am

Energy

Oil gains amid US-China trade deal hopes, ECB talk of easing policy

TOKYO: Oil prices extended gains into a second session on Wednesday, buoyed by rekindled hopes for a US-China trade deal

Published 19 Jun, 2019 03:43pm

Energy

UAE's Fujairah oil inventory data for week ended June 17

SINGAPORE: Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, th

Published 19 Jun, 2019 03:27pm

Energy

Middle East Crude-Upper Zakum premiums jump on Shell's demand

SINGAPORE: Middle East crude benchmarks slipped on Wednesday but strong demand from traders to get Upper Zakum cargoes t

Published 19 Jun, 2019 02:16pm

Energy

Asia Naphtha/Gasoline-Naphtha gains, Pengerang cracker starts

SINGAPORE: Asia's naphtha crack more than doubled from the previous session to $18.20 a tonne on Wednesday, the highest

Published 19 Jun, 2019 01:51pm

Energy

Oil gains amid U.S.-China trade deal hopes, ECB talk of easing policy

TOKYO: Oil prices extended gains into a second session on Wednesday, buoyed by rekindled hopes for a U.S.-China trade de

Published 19 Jun, 2019 07:58am

Energy

Tokyo Gas to sell 170,000T/Y of LNG to Sumitomo Joint Electric for 5 yrs

TOKYO:* Tokyo Gas Co Ltd said on Wednesday that it has signed a heads of agreement to sell 170,000 tonnes of liquefied n

Published 19 Jun, 2019 07:41am

Energy

Middle East Crude-Benchmarks firm as refiners seek cargoes

SINGAPORE: Middle East crude benchmarks firmed on Tuesday ahead of purchase tenders from CPC and Formosa Petrochemical i

Published 18 Jun, 2019 01:53pm

Energy

Oil prices slip for second day on global growth worries

TOKYO: Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China t

Published 18 Jun, 2019 10:02am

Energy

Asia Distillates-Gasoil crack holds but refining margins fall

SINGAPORE: Asia's 10ppm gasoil margin held above $15 a barrel for the second straight session on Monday supported by spo

Published 17 Jun, 2019 04:17pm

Energy

Oil prices climb after tanker attacks stoke Middle East tensions

TOKYO: Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessa

Published 17 Jun, 2019 09:30am

Energy

China power consumption rises 2.3pc y/y in May

BEIJING: China's power consumption in May rose 2.3pc from a year earlier to 566.5 billion kilowatt hours, data from the

Published 14 Jun, 2019 02:00pm

Energy

Oil prices ease, but Middle East tanker attacks support

TOKYO: Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil ta

Published 14 Jun, 2019 01:23pm

Energy

Oil prices rise for second day after Middle East tanker attacks

TOKYO: Oil rose for a second day on Friday, extending sharp gains following attacks on two oil tankers in the Gulf of Om

Published 14 Jun, 2019 12:59pm

Energy

India's ONGC sells naphtha at lowest premium since Dec

SINGAPORE: India's Oil & National Gas Corp Ltd has sold a naphtha cargo at close to $6 a tonne over Middle East quot

Published 14 Jun, 2019 12:38pm

Energy

Brent oil rises for second day after Middle East tanker attacks

TOKYO: Brent crude on Friday extended sharp gains from the previous day following attacks on two oil tankers in the Gulf

Published 14 Jun, 2019 08:24am

Energy

Asia Distillates-Gasoil cash discounts narrow; Singapore middle distillate stocks drop

SINGAPORE: Asia's cash differentials for 10ppm gasoil narrowed their discounts on Thursday, helped by firmer deals in th

Published 13 Jun, 2019 01:17pm

Energy

Asia Naphtha/Gasoline-Naphtha rises; CPC cargo hit by suspected attacks

SINGAPORE: Asia's naphtha rose as its physical crack discount narrowed for the fourth straight day on Thursday to 40 cen

Published 13 Jun, 2019 12:47pm

Energy

Oil bounces up after slump on high inventories, demand outlook

TOKYO: Oil prices rose on Thursday, recouping some of the losses from sharp declines in the previous session, when crude

Published 13 Jun, 2019 08:12am

Energy

Oil surges after report of tanker incident in Gulf of Oman near Iran

TOKYO: Oil prices surged on Thursday after a unit of the United Kingdom's Royal Navy said it was aware of an incident in

Published 13 Jun, 2019 07:33am

Energy

Japan wants to keep buying Iranian oil

DUBAI: Iranian President Hassan Rouhani said after meeting Japanese Prime Minister Shinzo Abe in Tehran on Wednesday

Published 12 Jun, 2019 10:00pm

Energy

Asia Naphtha/Gasoline-Naphtha discounts narrow; gasoline gains

SINGAPORE: Asia's naphtha physical crack discount narrowed for the third straight day on Wednesday after the value flipp

Published 12 Jun, 2019 12:30pm

Energy

Oil rises with financial markets, as longer supply cuts expected

SINGAPORE: Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer

Published 11 Jun, 2019 04:30pm

Energy

Middle East Crude-Benchmarks extend gains on Shell's demand

SINGAPORE: Middle East crude benchmarks extended gains on Tuesday, supported by strong demand from Shell. The oil maj

Published 11 Jun, 2019 03:22pm

Energy

Asia Naphtha/Gasoline-Naphtha stays at discounts; buyers seen

SINGAPORE: Asia's naphtha physical remained at a discount for the fourth straight session after flipping into the negati

Published 11 Jun, 2019 03:18pm

Energy

Oil stable as market eyes ongoing supply cuts amid downturn

SINGAPORE: Oil prices stabilized on Tuesday on expectations that producer goup OPEC and its allies will keep withholding

Published 11 Jun, 2019 08:22am

Energy

Oil rises with financial markets, as longer supply cuts expected

SINGAPORE: Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer

Published 11 Jun, 2019 08:18am

Energy

Brent oil may rise into $64.98-$65.60 range

SINGAPORE: Brent oil may break a resistance at $63.99 per barrel and rise into a range of $64.98-$65.60, as indicated by

Published 10 Jun, 2019 03:36pm

Energy

China May crude oil imports drop after peaking in April

BEIJING: China's crude oil imports slipped to 40.23 million tonnes in May down 8pc from an all-time peak in April of 43.

Published 10 Jun, 2019 03:22pm

Energy

Oil rises as Saudi sees OPEC, Russia restricting supplies for longer

SINGAPORE: Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholdi

Published 10 Jun, 2019 03:21pm

Energy

Oil rises on supply cuts, but weak economy holds market back

SINGAPORE: Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to c

Published 10 Jun, 2019 01:20pm

Energy

Middle East Crude-Shell snaps up more Abu Dhabi cargoes

SINGAPORE: The Middle East crude market remained supported on Monday after Shell snapped up seven more Abu Dhabi crude c

Published 10 Jun, 2019 12:25pm

Energy

Asia Fuel Oil-Cash premiums dip, market still strong

SINGAPORE: Asia's cash premiums for mainstay 380-cst high-sulphur fuel oil dipped on Monday, but were still close to the

Published 10 Jun, 2019 12:17pm

Energy

China May crude oil imports drop from record in April

SINGAPORE/BEIJING: China's crude oil imports slipped 8% in May from an all-time peak hit the month before, customs data

Published 10 Jun, 2019 10:27am

Energy

Poland confirms partial resumption of clean oil supply from Russia

WARSAW: Polish pipeline operator PERN confirmed that clean oil supplies from Russia had been partially restored on Sunda

Published 09 Jun, 2019 11:48am

Energy

Asia Naphtha/Gasoline-Naphtha down; Hongrun offers more gasoline

SINGAPORE: Asia's naphtha crack for benchmark open-specification naphtha returned to a near seven-year low on Tuesday fo

Published 04 Jun, 2019 12:17pm

Energy

Asia Fuel Oil-Refining margins, cash premiums drop

SINGAPORE: Asian fuel oil refining margins slipped on Tuesday, while cash premiums for mainstay 380-cst high-sulphur fue

Published 04 Jun, 2019 12:12pm

Energy

Asia Distillates-Gasoil cracks rise to highest in nearly 3 months

SINGAPORE: Asian refining margins for 10ppm gasoil rose on Monday to their highest levels in nearly three months, but ca

Published 03 Jun, 2019 01:45pm

Energy

Asia Fuel Oil-Cash premiums rise, cracks slip

SINGAPORE: Asia's cash premiums for 380-centistoke (cst) high-sulphur fuel oil rose on Monday, buoyed by expectations fo

Published 03 Jun, 2019 12:31pm

Energy

South Korea's May crude oil imports down 13.5pc y/y

SEOUL: South Korea's May crude oil imports fell 13.5pc from a year earlier to 82.3 million barrels, preliminary data fro

Published 01 Jun, 2019 11:10am

Energy

Asia's Iran oil imports hit 9-month high in April - data

SINGAPORE: Asia's crude oil imports from Iran jumped to the highest in nine months in April, as buyers rushed to ship in

Published 31 May, 2019 02:50pm

Energy

Oil drops 1pc, set for biggest monthly fall since November as trade wars spreads

SINGAPORE: Oil prices fell by more than 1pc on Friday and were on track for their biggest monthly fall since November as

Published 31 May, 2019 02:46pm

Energy

Japan oil industry braces for higher shipping costs in Middle East

TOKYO: The costs of buying crude oil from the Middle East could rise as war insurance for ships travelling in the region

Published 31 May, 2019 02:45pm

Energy

Asia Naphtha/Gasoline-Naphtha tanks to almost 7-year low on glut

SINGAPORE: Asia's naphtha crack ended the month at nearly 7-year low of $5.47 a tonne on the back of a persistent glut t

Published 31 May, 2019 12:12pm

Energy

Middle East Crude-Dubai extends falls; Oman rebounds

SINGAPORE: Middle East crude benchmarks were mixed on Friday, with cash Dubai's premium to swaps down for a third straig

Published 31 May, 2019 11:46am

Energy

Oil rises on declining US crude stocks, but trade war worries linger

SINGAPORE: Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in US crude invent

Published 30 May, 2019 02:52pm

Energy

Lean net imports drag Singapore fuel oil inventories to 7-week low

SINGAPORE: Singapore fuel oil inventories fell 3pc to a seven-week low in the week ended May 29 as net imports remained

Published 30 May, 2019 02:05pm

Energy

Middle East Crude- Benchmarks slump, Shell buys more cargoes

SINGAPORE: Middle East crude benchmarks slumped on Thursday, the second-last trading day this month, despite Shell's pur

Published 30 May, 2019 11:42am

Energy

China's refined fuel consumption falls 2.4% in April

Shanghai/Singapore:* China's April refined fuel consumption dropped 2.4% from a year earlier to 27.06 million tonnes, th

Published 30 May, 2019 09:15am

Energy

Oil rises on declining U.S. crude stocks, but trade war worries linger

TOKYO: Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in U.S. crude invento

Published 30 May, 2019 08:54am

Energy

China utility buys first spot LNG cargoes, uses CNOOC import terminal

SINGAPORE: Guangdong Energy Group emerged as a first-time spot buyer of liquefied natural gas (LNG), as the Chinese util

Published 29 May, 2019 10:59am

Energy

Malaysia's Petronas signs deal to lease LNG storage unit to Vitol

SINGAPORE: Malaysian state-owned energy firm Petronas has signed a deal to lease a liquefied natural gas (LNG) storage u

Published 29 May, 2019 10:57am

Energy

Oil prices drop as trade war worries outweigh supply disruptions

SINGAPORE: Oil prices fell by around 1% on Wednesday on concerns the Sino-U.S. trade war could trigger a global economic

Published 29 May, 2019 08:23am

Energy

Ample LNG inventories, contracted supply to help Japan overcome hot weather

SINGAPORE: Abundant inventories of liquefied natural gas (LNG) along with a steady amount of previously contracted suppl

Published 28 May, 2019 03:33pm

Energy

Middle East Crude-Dubai stays firm; Shell gets 2 more Upper Zakum cargoes

SINGAPORE: Middle East crude benchmark Dubai stayed firm on Tuesday as purchases on window mainly by Shell supported pri

Published 28 May, 2019 12:05pm

Energy

Asia Distillates-Gasoil refining margins gain despite firmer crude

SINGAPORE: Asian refining margins for 10 parts per million (ppm) gasoil rose on Tuesday, but firmer crude prices and con

Published 28 May, 2019 12:03pm

Energy

Asia Naphtha/Gasoline-Supplies aplenty; gasoline nears 3-mth low

SINGAPORE: Asia's naphtha crack hit a three-session high of $16.78 a tonne on Tuesday but it was still about 85 percent

Published 28 May, 2019 11:47am

Energy

Asia Naphtha/Gasoline-Naphtha gains but ample supplies persist

SINGAPORE: Asia's naphtha crack tracked gains in crude, rising $1.80 to $14.98 a tonne on Monday and recovering from a 6

Published 27 May, 2019 03:49pm

Energy

Oil prices rise amid OPEC supply cuts, but trade worries weigh

SINGAPORE: Oil prices rose on Monday as ongoing supply cuts led by producer club OPEC kept markets relatively tight, but

Published 27 May, 2019 02:00pm

Energy

Brent oil may bounce to $70.30

SINGAPORE: Brent oil is expected to bounce to $70.30 per barrel, as it has cleared a resistance at $69.04. The resist

Published 27 May, 2019 01:54pm

Energy

Middle East Crude-Dubai firms after Shell snaps up cargoes

SINGAPORE: Middle East crude benchmark Dubai edged up on Monday after Shell snapped up as many as seven Upper Zakum carg

Published 27 May, 2019 11:31am

Energy

China's crude oil imports from Saudi Arabia up 43pc y/y in April

BEIJING: China's crude oil imports from Saudi Arabia rose 43pc last month, making the Middle Eastern OPEC kingpin once a

Published 25 May, 2019 12:52pm

Energy

Brunei LNG offers cargo for late June

SINGAPORE: Brunei's liquefied natural gas (LNG) export plant has offered a cargo for June loading, two industry sources

Published 23 May, 2019 12:39pm

Energy

Asia oil refiners mull run cuts after margins hit lowest for season since 2003

SINGAPORE: Asia's oil refiners are considering reducing output after margins slumped to their lowest for the season sinc

Published 23 May, 2019 12:35pm

Energy

Oil slips 1pc as U.S. stockpiles surge, economic concerns grow

SINGAPORE: Oil prices dropped by around 1% on Thursday, extending falls from the previous session amid surging U.S. crud

Published 23 May, 2019 07:42am

Energy

Brent oil may fall into $70-$70.80 range

SINGAPORE: Brent oil may fall into a range of $70-$70.80 per barrel, as suggested by its wave pattern and a projection a

Published 22 May, 2019 03:04pm

Energy

Oil slides on rising US crude stockpiles, Saudi vow to keep market balanced

TOKYO: Oil prices fell on Wednesday after industry data showed an increase in US crude inventories and as Saudi Arabia p

Published 22 May, 2019 02:56pm

Energy

Oil falls on rising US stockpiles, but markets remain tense

TOKYO: Oil prices fell on Wednesday after industry data showed an increase in US crude inventories and as Saudi Arabia p

Published 22 May, 2019 12:29pm

Energy

Japan April crude import volume rises by 4.9pc: Ministry of Finance

TOKYO: Japan's customs-cleared crude oil imports rose 4.9pc in April from the same month a year earlier, the country's M

Published 22 May, 2019 12:24pm

Energy

US oil may test support at $62.27

SINGAPORE: US oil may test a support at $62.27 per barrel, a break below which could cause a loss to $61.32. The supp

Published 22 May, 2019 12:23pm

Energy

Oil prices drop on swelling US stockpiles, but markets remain tense

SINGAPORE: Oil prices fell on Wednesday after industry data showed an increase in US crude inventories and as Saudi Arab

Published 22 May, 2019 11:56am

Energy

Asia LNG spot price drops below $5/mmBtu as supply floods market

SINGAPORE: The Asian spot price for liquefied natural gas (LNG) has dropped to below $5 per million British thermal unit

Published 22 May, 2019 10:56am

Energy

Oil prices drop on swelling U.S. stockpiles, but markets remain tense

SINGAPORE: Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Ar

Published 22 May, 2019 09:08am

Energy

Asia Naphtha/Gasoline-Naphtha sinks to four-month low

SINGAPORE: Asia's naphtha crack slumped by 20pc to $27.60 a tonne on Tuesday, hitting its lowest since Jan. 24, on abun

Published 21 May, 2019 02:56pm

Energy

Crude-Benchmarks ease; ESPO trades at 7-month high

SINGAPORE: Middle East crude benchmarks fell on Tuesday while Russian ESPO traded at the highest premium in 7 months, su

Published 21 May, 2019 12:01pm

Energy

Oil traders try to ship dirty Russian crude to Asia

SINGAPORE; Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in a

Published 20 May, 2019 12:25pm

Energy

China's CNPC breaks into Myanmar fuel retailing with Singapore brand

SINGAPORE: China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major forei

Published 20 May, 2019 12:20pm

Energy

Oil rises after OPEC+ says to keep output cuts, Iran tension rises

TOKYO: Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have

Published 20 May, 2019 08:10am

Energy

Azerbaijan's oil exports via Turkey pipeline fall 3.5pc in Jan-Apr

BAKU: Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 3.5% year-on-year

Published 18 May, 2019 04:06pm

Energy

Iran changes tactics, destinations on oil exports

Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of US sanc

Published 18 May, 2019 11:56am

Energy

Brent oil may end bounce around $73.51-$73.80 range

SINGAPORE: Brent oil may end its bounce around a resistance range of $73.51-$73.80 per barrel, as suggested by its wave

Published 17 May, 2019 09:00am

Energy

Oil edges up for third session on Mideast tensions

TOKYO: Oil prices pushed higher on Thursday for a third day in a row, as fears of supply disruptions amid heightened ten

Published 16 May, 2019 08:56am

Energy

India's Petronet sees global LNG prices remaining low

NEW DELHI: India's biggest gas importer Petronet LNG expects global prices of liquefied natural gas (LNG) to remain

Published 15 May, 2019 04:12pm

Energy

Oil prices fall as U.S. stockpiles rise, but Middle East tensions support

TOKYO: Oil fell on Wednesday after data showed a surprise rise in U.S. crude stockpiles and as Chinese industrial output

Published 15 May, 2019 07:40am

Energy

India to decide on resuming Iranian oil buy after elections

NEW DELHI: India told Iran on Tuesday it will decide on its oil imports after elections end this month, in line with

Published 14 May, 2019 03:23pm

Energy

US liquefied natural gas shipments to China face mounting tariffs

China said on Monday it would raise tariffs on liquefied natural gas (LNG) imports from the United States amid a series

Published 13 May, 2019 07:09pm

Energy

South Korean shipping company Sinokor to open LNG trading desk

AMSTERDAM: South Korea's Sinokor Merchant Marine, a shipping company, has hired a trader to open a desk trading phys

Published 13 May, 2019 04:52pm

Energy

Iran insists on ramping up oil sales to stay in nuclear pact

LONDON/BRUSSELS: Iran insists on exporting at least 1.5 million barrels per day (bpd) of oil, triple May's expected

Published 13 May, 2019 03:09pm

Energy

Oil prices rise as Middle East tanker attack increases supply concerns

TOKYO: Oil futures rose on Monday on increasing concerns about supply disruptions in the crucial producing region of the

Published 13 May, 2019 07:37am

Energy

Stricken ship refloated after Solomons oil spill

WELLINGTON: The ship at the centre of an environmental disaster near World-Heritage listed waters in the Solomon Isl

Published 11 May, 2019 12:38pm

Energy

Oil gains despite mounting U.S.-China trade tensions

TOKYO: Oil prices rose on Friday despite the start of U.S. President Donald Trump's tariff hike on $200 billion of Chine

Published 10 May, 2019 08:22am

Energy

Japan refiners tap more oil from Middle East to replace Iran supply

TOKYO/SINGPORE: Japanese refiners are tapping more oil from the Middle East after the United States ended all waiver

Published 09 May, 2019 11:45am

Energy

Oil prices fall as trade row fears eclipse U.S. inventory decline

TOKYO/SEOUL: Oil prices dropped on Thursday amid concerns over the escalating trade battle between the United States and

Published 09 May, 2019 08:06am

Energy

Oil prices firm amid U.S. sanctions on crude exporters Iran, Venezuela

SINGAPORE: Oil prices stabilised on Wednesday as markets remained relatively tight amid U.S. sanctions on crude exporter

Published 08 May, 2019 08:18am

Energy

U.S. oil may rise to $63.06

SINGAPORE, May 8 (Reuters) - U.S. oil may break a resistance at $62.11 per barrel and rise to $63.06, as its bounce from

Published 08 May, 2019 07:46am

Energy

Brent oil may bounce into $70.47-$71.01 range

SINGAPORE: Brent oil may bounce into a range of $70.47-$71.01 per barrel, as it failed to break a support at $69.54.

Published 08 May, 2019 07:29am

Energy

India's oil imports from Iran down 57pc y/y in April

NEW DELHI: India's oil imports from Iran fell about 57 percent year-on-year in April, according to tanker arrival da

Published 07 May, 2019 11:37am

Energy

Oil mixed as U.S.-China trade war drags on prices, while sanctions keep markets tense

SINGAPORE: Oil prices were mixed on Tuesday, pressured by concerns that the escalating Sino-U.S. trade dispute could sl

Published 07 May, 2019 08:14am

Energy

U.S. oil may retrace to $60.88

SINGAPORE: U.S. oil may retrace to $60.88 per barrel, as it failed to break a resistance at $63.06. The resistance is

Published 07 May, 2019 07:01am

Energy

Brent oil may retrace into $69.81-$70.47 range

SINGAPORE: Brent oil may retrace into a range of $69.81-$70.47 per barrel, as it failed to break a resistance at $71.84.

Published 07 May, 2019 06:48am

Energy

Oil mixed, caught between U.S. sanctions on Iran, Venezuela and trade dispute with China

SINGAPORE: Oil prices were mixed on Tuesday as U.S. sanctions on oil exporters Iran and Venezuela kept markets on edge w

Published 07 May, 2019 06:38am

Energy

Oil prices under pressure from U.S.-China trade dispute, market remains tense

SINGAPORE: Oil prices were under pressure on Tuesday from concerns the escalating Sino-U.S. trade dispute could slow the

Published 07 May, 2019 06:13am

Energy

Iran's oil exports to slide in May, but not to zero

LONDON: Iranian oil exports will slide in May as the United States tightens the screws on Tehran's main source of in

Published 03 May, 2019 01:40pm

Energy

Oil prices slip on way to weekly drop amid surging U.S. output

SINGAPORE: Oil prices dipped on Friday, paving the way for a weekly decline as surging U.S. output was expected to start

Published 03 May, 2019 08:07am

Energy

Saudi Arabia may raise June crude prices to Asia

SINGAPORE: Top oil exporter Saudi Arabia is expected to raise June prices for all crude grades it sells to Asia to track

Published 02 May, 2019 08:16am

Energy

Oil prices fall as U.S. output hits record; global markets still tense

SINGAPORE: Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Published 02 May, 2019 08:02am

Energy

Nations using oil as a weapon threatens OPEC

GENEVA: Any country using oil as a weapon could cause the collapse of oil producer group OPEC, Iran's Oil Minister B

Published 01 May, 2019 01:39pm

Energy

Iran says it will keep exporting oil despite US pressure

GENEVA: Iran will continue to export oil despite US pressure aimed at reducing the country's crude shipments to zero

Published 30 Apr, 2019 04:37pm

Energy

Bangladesh's new LNG import terminal begins to feed gas to domestic grid

SINGAPORE/DHAKA: Bangladesh's second liquefied natural gas (LNG) terminal has started to feed gas to the national gr

Published 30 Apr, 2019 04:16pm

Energy

Oil tops $73 on Venezuela turmoil, Saudi support for OPEC cuts

SINGAPORE/LONDON: Oil prices topped $73 on Tuesday as Venezuela's opposition leader called on the military to back h

Published 30 Apr, 2019 03:25pm

Energy

Brent oil may retest resistance at $72.26

SINGAPORE: Brent oil may retest a resistance at $72.26 per barrel, a break above which could lead to a gain to $73.46.

Published 30 Apr, 2019 08:04am

Energy

Oil dips as rising OPEC, US output seen making up for Iran sanctions shortfall

SINGAPORE: Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC woul

Published 30 Apr, 2019 08:00am

Energy

Oil dips on expectations of rising output, China stutter

SINGAPORE: Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC woul

Published 30 Apr, 2019 07:42am

Energy

LNG tanker floats off Australian waters as Ichthys ramps up output

SINGAPORE: A tanker carrying liquefied natural gas (LNG) has been floating off Australian waters for nearly two week

Published 29 Apr, 2019 01:26pm

Energy

Shell has cover to take the high ground in Brunei

SINGAPORE: Royal Dutch Shell has cover to take the moral high ground in Brunei. A corporate governance group, which cou

Published 29 Apr, 2019 08:54am

Energy

U.S. oil targets $63.75

SINGAPORE: U.S. oil may bounce towards $63.75 per barrel, as it seems to be stabilizing around a support at $62.80 per b

Published 29 Apr, 2019 08:47am

Energy

Oil falls after Trump presses OPEC to make up for Iranian sanctions

SINGAPORE: Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald

Published 29 Apr, 2019 07:37am

Energy

LNG-Asian prices snap 3 weeks of gains on more spot offers

SINGAPORE:Asian spot prices for liquefied natural gas (LNG) snapped three straight weeks of gains this week as more

Published 26 Apr, 2019 01:38pm

Energy

Oil set to extend long run of weekly gains in tense global market

SINGAPORE: Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for

Published 26 Apr, 2019 12:58pm

Energy

U.S. oil shipments sailing for Australia highlight growing reach

SINGAPORE: Two cargoes of U.S. crude oil have been booked to sail to Australia, trade sources and data companies said,

Published 26 Apr, 2019 09:04am

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
USD to Japanese Yen / Jun 5	159.94
USD to Swiss Franc / Jun 5	0.79
Pound Sterling to USD / Jun 5	1.34
Euro to USD / Jun 5	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
Nasdaq / Jun 4	26,830.96
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29
India Sensex / Jun 5	74,364.43
Tokyo Nikkei / Jun 5	66,812.85
Hang Seng / Jun 5	24,982.27

Item	Value
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Petrol/Litre / Jun 5	381.78
Crude Oil USD/Barrel / Jun 5	93.10
Diesel/Litre / Jun 5	380.78
Cotton US¢/pound / Jun 5	77.59

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.06 ▲ 1 (14.16%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Dewan Automotive Eng. / Jun 5 Dewan Automotive Engineering Limited(DWAE)	29 ▲ 2.64 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.78 ▼ -7.42 (-10%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.21 ▼ -3.23 (-9.96%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.10 ▼ -2.55 (-6.27%)
Mandviwala / Jun 5 Mandviwala Mauser Plastic Industries(MWMP)	65 ▼ -4 (-5.8%)
Mughal Energy / Jun 5 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Husein Industries / Jun 5 Husein Industries Limited(HUSI)	34.13 ▼ -1.87 (-5.19%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40 ▼ -2 (-4.76%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	41,992,586 ▲ 0.53
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,990,948 ▲ 0.53
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,639,369 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,329,637 ▼ -0.23
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,800,560 ▲ 0.02
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,604,921 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	17,744,957 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,209,572 ▲ 1
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,002,213 ▼ -0.09
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	14,836,146 ▼ -0.86