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

Energy

Oil dips but set for longest run of weekly gains in years in tense market

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

Published 26 Apr, 2019 08:41am

Energy

Japan's March oil imports fall 0.2 pc y/y

TOKYO: Japan's crude oil imports fell 0.2 percent in March from a year earlier to 3.21 million barrels per day (15.83 mi

Published 26 Apr, 2019 08:11am

Energy

Indonesia's Bontang LNG plant offers cargo for June loading - sources

SINGAPORE: Indonesia's Bontang liquefied natural gas (LNG) export facility has offered to sell a cargo for loading in Ju

Published 26 Apr, 2019 07:54am

Energy

Japan's PAJ says US decision on Iranian oil waivers won't disrupt supply

TOKYO: The US decision not to renew waivers previously granted on Iran oil import sanctions would not disrupt stable

Published 25 Apr, 2019 03:48pm

Energy

Brent oil hits $75 for first time in 2019 amid tighter Iran sanctions

SINGAPORE: Brent crude oil on Thursday rose above $75 per barrel for the first time in 2019 in the wake of tightening sa

Published 25 Apr, 2019 09:05am

Energy

Azeri SOCAR's refinery to process 6.1mn T of oil in 2019

BAKU: The only oil refinery in Azerbaijan, owned by state energy company SOCAR, plans to keep volumes of processed oil a

Published 24 Apr, 2019 07:15pm

Energy

Oil dips as supply adequate despite Iran sanctions, but market tightening

SINGAPORE: Oil prices fell on Wednesday amid signs that global markets remain adequately supplied, despite a jump to 201

Published 24 Apr, 2019 10:05am

Energy

Oil falls as supply still adequate despite Iran sanctions, but market tightening

SINGAPORE: Oil prices fell on Wednesday amid signs that global markets remain adequately supplied, despite a jump to 201

Published 24 Apr, 2019 09:40am

Energy

Osaka Gas to withdraw from coal-fired power station project

TOKYO, April 24 (Reuters) - Japan's Osaka Gas Co Ltd said on Wednesday that it will pull out of a plan to build a coal-

Published 24 Apr, 2019 09:01am

Energy

India says it has 'robust plan' to guarantee oil supply after end to Iran waivers

MUMBAI: India said on Tuesday its refineries will have adequate oil supplies, thanks in part to imports from other p

Published 23 Apr, 2019 04:22pm

Energy

India's IOC to fully shut Mathura refinery in Nov for maintenance

NEW DELHI: Indian Oil Corp, the country's top refiner, plans to fully shut its 160,000 barrels per day Mathura refin

Published 23 Apr, 2019 02:28pm

Energy

US making a mistake politicizing oil

The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran's Oil Minister Bijan Zan

Published 23 Apr, 2019 01:03pm

Energy

India to get extra oil from major producers to make up for Iran oil loss - minister

NEW DELHI: India will get additional supplies from other major oil producing countries to compensate for the loss of Ira

Published 23 Apr, 2019 09:08am

Energy

Oil prices hit 2019 highs after U.S. says to end all Iran sanction waivers

SINGAPORE: Oil prices hit 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, p

Published 23 Apr, 2019 08:44am

Energy

Oil races to near 6-month highs on Iran sanctions, stocks rise

HONG KONG/TOKYO: World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Ir

Published 23 Apr, 2019 08:35am

Energy

Dubai hits more than 5-yr high on Iran sanctions

SINGAPORE: Middle East crude benchmark Dubai jumped on Monday to the highest premium in more than five years ahead of an

Published 22 Apr, 2019 07:54pm

Energy

Trump says OPEC can step up output after Iran waivers

WASHINGTON: US President Donald Trump said on Monday that Saudi Arabia and other OPEC nations could "more than make

Published 22 Apr, 2019 04:21pm

Energy

India hopes US will allow allies to buy some Iranian oil

NEW DELHI: India hopes the US will allow its allies to continue to buy some Iranian oil instead of halting the purch

Published 22 Apr, 2019 01:54pm

Energy

Thailand's EGAT considers 12 firms for LNG imports

BANGKOK: State-owned Electricity Generating Authority of Thailand has narrowed its list of potential liquefied natur

Published 22 Apr, 2019 01:29pm

Energy

US will fail to cut Iran oil exports to zero

DUBAI: The United States will fail to cut Iranian oil exports to zero, as Iran is ready for any US decision to end w

Published 22 Apr, 2019 01:27pm

Energy

Oil prices rise on report U.S. will end all Iran oil sanction waivers

SINGAPORE: Oil prices rose by 1 percent on Monday, with Brent hitting its highest level since November, driven up by a r

Published 22 Apr, 2019 09:30am

Energy

Oil prices hit Nov 2018 highs on report U.S. will end Iran oil sanction waivers

SINGAPORE: Oil prices rose by more than 1 percent on Monday to levels not seen since November 2018, driven up by a Washi

Published 22 Apr, 2019 09:28am

Energy

U.S. to announce end to Iran sanctions waivers, oil prices spike

SINGAPORE: The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imp

Published 22 Apr, 2019 09:01am

Energy

U.S. oil may rise to $66.57

SINGAPORE: U.S. oil may break a resistance at $65.56 per barrel and rise to the next resistance at $66.57, as suggested

Published 22 Apr, 2019 08:59am

Energy

Bangladesh's second LNG storage, regasification ship moors off coast -operator

SINGAPORE: Bangladesh's second liquefied natural gas (LNG) storage and regasification vessel has moored off the country'

Published 22 Apr, 2019 08:41am

Energy

Oil prices soar by about 3 pct as U.S. plans end to Iran sanction waivers

SINGAPORE: Oil prices rallied by about 3 percent on Monday to their highest since late 2018 as the United States was set

Published 22 Apr, 2019 08:35am

Energy

Indian oil marketers plunge as crude hits near 6-month high

** Indian oil marketing companies skid after global crude prices rallied by about 3 pct to levels last seen in Nov 2018

Published 22 Apr, 2019 08:30am

Energy

Oil prices jump as U.S. seen ending Iran sanction waivers

SINGAPORE: Oil prices jumped on Monday as the United States looked set to announce that all buyers of Iranian oil must e

Published 22 Apr, 2019 07:51am

Energy

Asian gasoil refining margins drop to lowest so far in 2019

Asian refining margins for 10ppm gasoil dropped on Monday to their lowest levels so far this year, Refinitiv Eikon data

Published 22 Apr, 2019 07:38am

Energy

Oil prices climb as U.S. set to end Iran sanction waivers

SINGAPORE: Oil prices jumped on Monday as the United States looked set to announce that all buyers of Iranian oil must e

Updated 22 Apr, 2019 07:52am

Energy

China to promote using wind energy to power heating

BEIJING: China on Friday said it would promote using energy generated by the wind to help power heating systems during t

Published 19 Apr, 2019 09:22am

Energy

China March diesel output down 9pc y/y to 13.69mn T -stats bureau

BEIJING:* China March diesel output fell 9 pct y/y to 13.69 mln tonnes, National Bureau of Statistics data showed on Fri

Published 19 Apr, 2019 08:37am

Energy

Azerbaijan's oil exports via Turkey pipeline fall 1.4pc in Q1

BAKU: Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 1.4 percent year-

Published 18 Apr, 2019 09:07pm

Energy

Oil prices slip, but ongoing supply cuts support

TOKYO/SYDNEY: Oil markets fell on Thursday despite a surprise decline in US inventories, but the price drops were temper

Published 18 Apr, 2019 11:31am

Energy

Oil rises on tightening supplies; ample U.S. output caps gains

TOKYO/SYDNEY: Oil prices edged higher on Wednesday, supported by ongoing OPEC-led supply cuts and a surprise fall in U.S

Published 18 Apr, 2019 07:37am

Energy

Brent oil may fall to $70.32

SINGAPORE: Brent oil may break a support at $71.14 per barrel and falling towards the next support at $70.32, following

Published 18 Apr, 2019 07:27am

Energy

US oil may test support at $62.80

SINGAPORE: US oil may test a support at $62.80 per barrel, a break below which could cause a loss to $61.46. The contrac

Published 18 Apr, 2019 07:24am

Energy

Oil rises on tightening supplies; ample US output caps gains

TOKYO/SYDNEY: Oil prices edged higher on Wednesday, supported by ongoing OPEC-led supply cuts and a surprise fall in US

Published 18 Apr, 2019 06:42am

Energy

Qatar sells al-Shaheen crude at highest premiums in 7 months - sources

SINGAPORE:* Qatar Petroleum has sold three al-Shaheen crude cargoes loading in June at the highest premiums in seven mon

Published 17 Apr, 2019 09:29am

Energy

Oil prices rise for a second day on China demand, U.S. stockpile drop

SEOUL: Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world's sec

Published 17 Apr, 2019 08:30am

Energy

Oil prices rise for a second day on China demand, US stockpile drop

SEOUL: Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world's sec

Published 17 Apr, 2019 06:54am

Energy

Oil pauses; focus on future supply direction

TOKYO: Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the prev

Published 15 Apr, 2019 02:04pm

Energy

China coal hub Linfen to extend anti-pollution curbs to Q3 -draft plan

BEIJING: China coal hub Linfen in central province Shanxi, one of the most polluted cities in the nation, plans to exten

Published 15 Apr, 2019 01:40pm

Energy

Aramco buys $1.2bn stake in South Korean refiner Hyundai Oilbank

SEOUL: State-owned Saudi Aramco has agreed to buy a 1.4 trillion won ($1.24 billion) stake in South Korean oil refiner H

Published 15 Apr, 2019 07:43am

Energy

Oil pauses; focus on future supply direction

TOKYO: Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous

Published 15 Apr, 2019 07:01am

Energy

Crude oil touted as health cure in Azerbaijan

NAFTALAN: Immersed up to her neck in a dark viscous liquid, Sulfiya smiles in delight, confident that the fetid substanc

Published 12 Apr, 2019 01:37pm

Energy

China March crude imports ease on overhaul, fuel exports soar

SINGAPORE/SHANGHAI: China's March crude oil imports fell from the previous month as state-owned refiners began maintenan

Published 12 Apr, 2019 01:18pm

Energy

China March crude imports ease on overhaul, fuel exports soar

SINGAPORE/SHANGHAI: China's March crude oil imports fell from the previous month as state-owned refiners began maintena

Published 12 Apr, 2019 09:47am

Energy

Oil prices rise as market tightens, but demand concerns linger

SINGAPORE: Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions

Published 12 Apr, 2019 08:46am

Energy

China's March gas imports at 1-year low as heating season ends

BEIJING/SINGAPORE: China's natural gas imports fell to their lowest in a year in March at 6.91 million tonnes, Reuters c

Published 12 Apr, 2019 08:41am

Energy

Asian prices climb for a second week as buying interest returns

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) rose for a second week, as interest from buyers returned am

Published 12 Apr, 2019 06:44am

Energy

Oil lifted by OPEC cuts, US sanctions on Iran and Venezuela

SINGAPORE: Oil prices edged higher on Friday, lifted by ongoing supply cuts led by producer club OPEC and by US sanction

Published 12 Apr, 2019 06:32am

Energy

Abu Dhabi light crude trades at premiums for 1st time in 6 months

SINGAPORE: Abu Dhabi light crude Das has traded at premiums for the first time in six months after a number of June-load

Published 11 Apr, 2019 08:51am

Energy

ONGC sells 2nd cargo of June-loading Sokol crude at higher premium - sources

SINGAPORE: * Indian explorer ONGC Videsh has sold a second cargo of Russian Sokol crude loading in June at a slightly hi

Published 11 Apr, 2019 08:40am

Energy

Oil prices slip on economic worries, surging U.S. crude supply

SINGAPORE: Oil prices were dragged down on Thursday by surging U.S. crude stockpiles and record production, while econom

Published 11 Apr, 2019 07:38am

Energy

Oil prices slip on economic worries, surging US crude supply

SINGAPORE: Oil prices were dragged down on Thursday by surging US crude stockpiles and record production, while economic

Published 11 Apr, 2019 06:54am

Energy

Iran raises May crude prices for all regions -source

SINGAPORE: Iran has raised the official selling price (OSP) across crude grades to all regions in May, an industry sourc

Published 10 Apr, 2019 07:49am

Energy

Oil rises amid OPEC supply cuts, US sanctions

SINGAPORE: Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer clu

Published 10 Apr, 2019 07:14am

Energy

Oil edges higher amid tightening global supply, gains capped by economic slowdown

SINGAPORE: Oil prices crept higher on Wednesday, supported by supply cuts by producer club OPEC and US sanctions against

Published 10 Apr, 2019 07:10am

Energy

CNPC to mothball refinery in Xinjiang for environmental, safety reasons

SINGAPORE/BEIJING: China National Petroleum Corp (CNPC), the country's largest state-owned oil and gas company, said on

Published 10 Apr, 2019 06:53am

Energy

East Crude-Benchmarks extend gains; premiums touch fresh highs this month

SINGAPORE: Middle East crude benchmarks, Dubai and Oman, extended gains on Tuesday with their premiums touching fresh h

Published 09 Apr, 2019 01:34pm

Energy

India delays May order for Iran oil, awaits clarity on sanctions waiver - sources

NEW DELHI: Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Wash

Published 09 Apr, 2019 09:24am

Energy

Japan's JERA to buy up to 1.2mn T per yr of LNG from Canada project

TOKYO: Japan's JERA, the world's top buyer of liquefied natural gas, on Tuesday said it had signed an agreement with a M

Published 09 Apr, 2019 09:16am

Energy

Australia's heavy-sweet crudes surge in preparation for IMO 2020

SINGAPORE: Prices for Australian heavy-sweet crude grades are rising as traders snap up cargoes for blending ahead of ne

Published 09 Apr, 2019 08:50am

Energy

Kpler, Powernext to launch LNG trading platform in Singapore

SINGAPORE: French data firm Kpler and energy exchange Powernext plan to launch a trading platform for liquefied natural

Published 09 Apr, 2019 08:48am

Energy

Oil shuts RFCC after tech glitch, may restart by end-April

SEOUL: * South Korea's S-Oil Corp has shut the 73,000 barrels-per-day (bpd) residue fluid catalytic cracker (RFCC) since

Published 09 Apr, 2019 08:44am

Energy

Shell enters China's shale oil scene with joint study with Sinopec

SINGAPORE: Royal Dutch Shell has entered China's shale oil sector, signing an agreement with state-owned Sinopec to stud

Published 08 Apr, 2019 11:38am

Energy

Oil climbs to 5-month high amid OPEC cuts, US sanctions and Libya fighting

SINGAPORE: Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC's ongoing supply

Published 08 Apr, 2019 09:17am

Energy

Oil hits highest since Nov 2018 amid OPEC cuts, US sanctions

SINGAPORE: Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC's ongoing supply

Published 08 Apr, 2019 05:47am

Energy

Indian oil giant briefly halts fuel to beleaguered Jet Airways

MUMBAI: India's largest commercial oil company briefly stopped supplying fuel to Jet Airways on Friday, in a sign that t

Published 05 Apr, 2019 03:08pm

Energy

Tokyo Gas, Shell sign LNG deal linked to coal pricing in rare move

TOKYO/SINGAPORE: Japan's Tokyo Gas said on Friday it has signed a deal with Royal Dutch Shell for the long-term supply o

Published 05 Apr, 2019 02:16pm

Energy

LNG tanker Pan Asia due to unload at Britain's Dragon terminal

LONDON: Liquefied natural gas (LNG) tanker Pan Asia is waiting outside Britain's Dragon terminal to unload, Refinitiv Ei

Published 05 Apr, 2019 02:07pm

Energy

Oil prices dip amid economic concerns, but on track for weekly gain

TOKYO: Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by wo

Published 05 Apr, 2019 09:01am

Energy

Tokyo Gas, Shell sign LNG deal including coal-linked pricing formula

TOKYO: Japan's Tokyo Gas said on Friday it has signed a heads of agreement with Royal Dutch Shell for 500,000 tonnes per

Published 05 Apr, 2019 07:48am

Energy

U.S. LNG to China will increase despite trade tension

lSHANGHAI: Shipments of liquefied natural gas (LNG) from the United States to China will increase over the long term des

Published 04 Apr, 2019 09:57am

Energy

Indonesia sets March Minas crude price at 5-mth high -document

SINGAPORE * Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at $64.78 a barrel for March,

Published 04 Apr, 2019 09:33am

Energy

China raises LNG import volumes entitled to tax rebate

China's finance ministry said on Thursday it had the raised the annual volume of imported liquefied natural gas (LNG)

Updated 04 Apr, 2019 09:25am

Energy

Brent edges further away from $70 level on build in U.S. stocks

TOKYO: Oil prices slipped a second day on Thursday, with Brent edging down further from the $70 mark after weekly U.S. o

Published 04 Apr, 2019 08:01am

Energy

PetroChina offers spot LNG cargoes for Europe delivery in May

LONDON PetroChina International (London) was offering several spot cargoes of liquefied natural gas (LNG) from Russia's

Published 03 Apr, 2019 03:14pm

Energy

France's Total signs 10-yr LNG deal with China's Guanghui

SHANGHAI: France's Total said on Wednesday it has signed a 10-year sales and purchase deal with China's independent gas

Published 03 Apr, 2019 12:34pm

Energy

China's LNG imports could reach 110 bn cubic metres by

SHANGHAI: China's imports of liquefied natural gas (LNG) could reach 110 billion cubic metres, or about 80 million tonne

Published 03 Apr, 2019 12:29pm

Energy

Brent nears $70 as oil prices rise for 4th day

TOKYO: Oil prices rose for a fourth day on Wednesday, pushing Brent towards $70 a barrel as support from OPEC-led supply

Published 03 Apr, 2019 07:22am

Energy

LNG supply will be ample in the future - CNOOC chairman

SHANGHAI: Supply of liquefied natural gas (LNG) will be ample in the future, the chairman of China National Offshore Oil

Published 02 Apr, 2019 08:05am

Energy

Oil scales 2019 highs on firm China data, Iran sanctions threat

TOKYO: Oil prices rose to fresh 2019 highs on Tuesday, supported by firm Chinese economic data that eased demand concern

Published 02 Apr, 2019 07:42am

Energy

Global LNG demand to grow 2 pct a year for next 15 years - Qatar Petroleum CEO

SHANGHAI: Global demand for liquefied natural gas will grow at two percent a year for the next 15 years, the chief execu

Published 02 Apr, 2019 06:55am

Energy

Saudi Arabia may keep May crude prices little changed

SINGAPORE: Top oil exporter Saudi Arabia is expected to keep prices of various grades of crude it sells to Asia little c

Published 02 Apr, 2019 06:33am

Energy

Average Dubai crude oil price rises in March to 5-month high

SINGAPORE: Dubai crude, as quoted by price-reporting agency S&P Global Platts, rose in March to an average of $66.93

Published 01 Apr, 2019 09:10am

Energy

Oil prices push higher as supply worries drive gains

TOKYO: Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest in

Published 01 Apr, 2019 09:01am

Energy

Spot deals make up more of global LNG market as sellers get flexible

SINGAPORE: Spot trades and other short-term deals are making up more of the transactions in the global liquefied natural

Published 01 Apr, 2019 08:22am

Energy

Malaysia's Petronas raises March crude oil OSP to 5-month high

SINGAPORE: Malaysia has raised the official selling price (OSP) of a basket of March-loading Malaysian crude oil grades

Published 01 Apr, 2019 08:21am

Energy

India raises natural gas price for April-Sept by about 10 pct to $3.69/mmBtu

NEW DELHI: India has raised the price of its locally produced gas by about 10 percent to $3.69 per million metric Britis

Published 29 Mar, 2019 08:44am

Energy

Japan's February oil imports rise 3.3 pct yoy -METI

TOKYO: Japan's crude oil imports rose 3.3 percent in February from a year earlier to 3.09 million barrels per day (13.77

Published 29 Mar, 2019 07:41am

Energy

Australia-based LNG platform GLX facilitates physical trade

SINGAPORE: Liquefied natural gas (LNG) trading marketplace Global LNG Exchange (GLX) facilitated a physical trade during

Published 29 Mar, 2019 07:29am

Energy

Oil set for strongest quarter in a decade on OPEC cuts, sanctions

SINGAPORE: Oil prices rose on Friday on the back of ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Ven

Published 29 Mar, 2019 06:55am

Energy

U.S. oil may drop to $58.23

SINGAPORE: U.S. oil may drop to $58.23 per barrel, following its failure to rise above its March 21 high of $60.39. T

Published 28 Mar, 2019 08:05am

Energy

Japan extends state-backed insurance for Iran oil imports-govt official

TOKYO: Japan has extended state-backed insurance to cover imports of oil from Iran, potentially allowing the country's r

Published 28 Mar, 2019 08:03am

Energy

Mitsui to produce more heavy crude oil in 2019

TOKYO: Japanese trading company Mitsui & Co will produce more heavy crude oil this year once projects in Australia a

Published 28 Mar, 2019 07:36am

Energy

Asian LNG prices fall to near three-year low as buyers shun spot cargoes -traders

SINGAPORE: Asian liquefied natural gas (LNG) prices this week have dropped to their lowest in nearly three years as reco

Published 27 Mar, 2019 01:52pm

Energy

U.S. oil may gain more towards $61.46

SINGAPORE: U.S. oil may rise above its March 21 high of $60.39 per barrel and gain more towards $61.46, as suggested by

Published 27 Mar, 2019 07:34am

Energy

Oil prices edge higher, but future demand concerns cap gains

TOKYO: Oil prices crept up on Wednesday, extending the previous session's rise, but gains were kept in check amid growin

Published 27 Mar, 2019 07:10am

Energy

China boosts coal mining capacity despite climate pledges

BEIJING: China added 194 million tonnes of coal mining capacity in 2018, data from the energy bureau showed on Tuesday,

Published 26 Mar, 2019 12:58pm

Energy

Oil edges up on supply cuts, but recession fears cap market

SINGAPORE: Oil prices edged up on Tuesday, lifted by supply cuts led by producer club OPEC and U.S. sanctions against Ir

Published 26 Mar, 2019 07:57am

Energy

China's ShFE launches crude oil futures index; plans more products

BEIJING: China's Shanghai Futures Exchange (ShFE) will start on Tuesday publishing an index linked to the prices of its

Published 26 Mar, 2019 06:33am

Energy

Oil prices slip amid worries of severe economic slowdown

SINGAPORE: Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from

Published 25 Mar, 2019 08:59am

Energy

Saudi beats Russia to top spot among China crude oil suppliers in Feb

BEIJING/SINGAPORE: Saudi Arabia was China's biggest crude oil supplier in February, data from the general administration

Published 25 Mar, 2019 08:44am

Energy

Gas demand fuels profit surge at Chinese oil giants

SHANGHAI: Chinese energy giant Sinopec, the world's largest oil refiner, said Monday its annual profit for 2018, soared

Published 25 Mar, 2019 07:41am

Energy

Oil lingers slightly under 2019 highs on OPEC's supply cuts, U.S. sanctions

SINGAPORE: Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC

Published 22 Mar, 2019 09:30am

Energy

Oil hits 2019 highs amid OPEC-led supply cuts, U.S. sanctions on Iran, Venezuela

SINGAPORE: Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led

Published 21 Mar, 2019 08:24am

Energy

Oman denies it has agreed to invest in Sri Lanka oil refinery project

NEW DELHI: Oman's oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri L

Published 20 Mar, 2019 03:04pm

Energy

Oil prices pressured by economic slowdown, but OPEC cuts support

SINGAPORE: Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel cons

Published 20 Mar, 2019 08:11am

Energy

Oil pulled two ways by economic slowdown, OPEC-led supply cuts

SINGAPORE: Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption,

Updated 18 Mar, 2019 12:18pm

Energy

Kazakhstan sees average oil output below 1.8mn bpd in H1

BAKU: Kazakhstan expects to see oil production below 1.8 million barrels per day (bpd) on average in the first half

Published 17 Mar, 2019 01:30pm

Energy

Azerbaijan's oil exports via Turkey pipeline fall 3.9pc in Jan-Feb

BAKU: Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 3.9 percent year-

Published 15 Mar, 2019 04:07pm

Energy

U.S. oil hits highest so far this year, but concerns over demand growth drag

SINGAPORE: Oil prices edged up on Friday, with U.S. crude climbing to its highest so far this year as production cuts le

Published 15 Mar, 2019 10:37am

Energy

India to buy 12pc less Iran oil in April vs March: sources

NEW DELHI: Indian state refiners will lift 8 million barrels of Iranian oil in April, a decline of about 12 percent

Published 14 Mar, 2019 05:43pm

Energy

India's oil imports from Iran slump 60pc in Feb y/y: sources

NEW DELHI: India's oil imports from Iran in February plunged by over 60 percent from a year ago to about 260,000 bar

Published 14 Mar, 2019 04:36pm

Energy

U.S. oil may rise to $59.55

SINGAPORE: U.S. oil may break a resistance at $58.59 per barrel and rise to the next resistance at $59.55, driven by a w

Published 14 Mar, 2019 08:54am

Energy

Bangladesh extends deadline to submit plans to build new LNG terminal

DHAKA: Bangladesh will extend the deadline by three months for companies to submit expressions of interest (EOI) to buil

Published 14 Mar, 2019 08:02am

Energy

Japan spot LNG contract price falls to 18 month low in Feb

TOKYO: The average contract price for spot liquefied natural gas (LNG) cargoes shipped to Japan last month fell to the l

Published 11 Mar, 2019 08:37am

Energy

Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count

SINGAPORE: Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led

Published 11 Mar, 2019 07:26am

Energy

Oil prices slide as economic outlook darkens, U.S. supply surges

SINGAPORE: Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB)

Published 08 Mar, 2019 07:55am

Energy

U.S. oil neutral in $55.61-$56.79 range

SINGAPORE: U.S. oil looks neutral in a range of $55.61-$56.79 per barrel, and an escape could suggest a direction. Th

Published 07 Mar, 2019 07:58am

Energy

Oil edges up on OPEC cuts, U.S. sanctions against Venezuela and Iran

SINGAPORE: Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and

Published 07 Mar, 2019 07:52am

Energy

Oil falls on US inventory build, shale oil output forecasts

SINGAPORE: Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly

Updated 06 Mar, 2019 01:17pm

Energy

Oil dips on U.S. stocks build, production outlook

SEOUL/SINGAPORE: Oil prices slipped on Wednesday as bullish output forecasts by two big U.S. producers and a build in we

Published 06 Mar, 2019 08:03am

Energy

Middle East Crude-Qatar OSPs within expectation

SINGAPORE: Middle East crude benchmarks edged up on Tuesday while Qatar released its official selling prices at leve

Published 05 Mar, 2019 12:58pm

Energy

Oil falls as China trims economic growth target, but OPEC-led cuts support

SINGAPORE: Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand,

Published 05 Mar, 2019 07:10am

Energy

Oil trader AOT Energy reviews Asia business plan

SINGAPORE: Swiss commodities trader AOT Energy said on Tuesday it is reviewing its business plan in Asia and will restru

Published 05 Mar, 2019 06:39am

Energy

Oil rises on OPEC-led supply cuts, but economic weakness weighs

SINGAPORE: Oil prices climbed on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. su

Published 01 Mar, 2019 07:34am

Energy

Middle East Crude-Benchmarks rebound; ESPO premiums fall

SINGAPORE: Middle East crude benchmarks rebounded on Thursday, the last trading day of the month. SAUDI OSP PREVI

Published 28 Feb, 2019 12:56pm

Energy

Vietnam Feb crude oil output seen 10pc down y/y at 890,000 T

HANOI: Vietnam's crude oil output in February is estimated at 890,000 tonnes, down 10.1 percent from a year ago, the

Published 28 Feb, 2019 12:10pm

Energy

Asia's Iran crude oil imports dips to 2-month low in Jan; to rebound in Feb

SINGAPORE: Asia's crude oil imports from Iran dipped in January to the lowest in two months after top buyers China and I

Published 28 Feb, 2019 08:55am

Energy

Middle East Crude-Dubai, Oman prices fall below Brent for 2nd day

SINGAPORE: Outright prices for Dubai and Oman dropped below Brent for a second straight session on Wednesday as the

Published 27 Feb, 2019 01:36pm

Energy

U.S. oil may revisit Feb. 26 low of $55.02

SINGAPORE: U.S. oil may revisit its Feb. 26 low of $55.02 per barrel, as suggested by a projection analysis and a rising

Published 27 Feb, 2019 10:47am

Energy

China plans oil, gas pipeline group in major industry reshuffle

SINGAPORE: China plans this year to form a national oil and gas pipeline group combining the long-distance pipeline asse

Published 27 Feb, 2019 09:11am

Energy

Asian gasoline gets a lift from demand, refinery maintenance

SINGAPORE: Asia's gasoline margins have recently swung back to a premium after mainly being at discounts since the start

Published 27 Feb, 2019 09:01am

Energy

Oil advances as OPEC set to continue supply cuts despite U.S. pressure to ease

SINGAPORE: Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC see

Published 27 Feb, 2019 08:29am

Energy

Middle East Crude-Benchmarks steady; NWS condensate discount at over 5-year low

SINGAPORE: Middle East crude benchmarks held steady on Tuesday, while light grades remained under pressure with Aust

Published 26 Feb, 2019 11:38am

Energy

Oil slips after Trump calls on OPEC to rein in prices

SINGAPORE: Oil inched down on Tuesday to extend losses of more than 3 percent from the previous session, easing afte

Updated 26 Feb, 2019 02:02pm

Energy

Malaysia's LNG loadings normal after fire at Bintulu complex

SINGAPORE: Loadings of liquefied natural gas (LNG) from Malaysia's Bintulu export plant are normal after a fire broke ou

Published 26 Feb, 2019 10:43am

Energy

Oil eases after Trump urges OPEC to curb efforts to boost prices

SINGAPORE: Oil inched lower on Tuesday to extend losses of more than 3 percent from the previous session, easing aft

Updated 26 Feb, 2019 12:17pm

Energy

China Jan crude oil imports from Russia rise 25pc: customs

BEIJING: Russia remained China's largest crude oil supplier in January, with imports rising 25 percent year on year

Published 25 Feb, 2019 02:44pm

Energy

Middle East Crude-Benchmarks fall; Upper Zakum trades at discount

SINGAPORE: Spot premiums for Middle East crude benchmarks fell on Monday while Upper Zakum also flipped into discoun

Published 25 Feb, 2019 11:20am

Energy

U.S. oil may retest resistance at $57.93

SINGAPORE: U.S. oil may retest a resistance at $57.93 per barrel, a break above which could lead to a gain to $59.51.

Published 25 Feb, 2019 09:28am

Energy

Oil dips amid record US exports, but trade talk hopes offer some support

SINGAPORE: Oil prices dipped on Monday, dragged down by plentiful supply as U.S. exports soar and compete with tradi

Updated 25 Feb, 2019 12:11pm

Energy

Brent oil to rise to $68.77

SINGAPORE: Brent oil is expected to rise to $68.77 per barrel, as suggested by its wave pattern and a projection analysi

Published 25 Feb, 2019 07:33am

Energy

Thailand's PTT plans up to $11bn investment in LNG and infrastructure

BANGKOK: Thai energy company PTT Pcl plans to invest up to 354.7 billion baht ($11.3 billion) over the next five ye

Published 22 Feb, 2019 12:07pm

Energy

Asia's surging fuel exports depress refining industry profits

SINGAPORE: Asia's biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption am

Published 22 Feb, 2019 08:06am

Energy

Oil prices firm on trade hopes, but record US output drags

SINGAPORE: Oil prices were firm on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing

Published 22 Feb, 2019 08:02am

Energy

Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakes

SINGAPORE: Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and US sanctions on

Published 21 Feb, 2019 12:17pm

Energy

Oil hovers near 2019 highs amid OPEC cuts, but economic slowdown weighs

SINGAPORE: Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on V

Published 21 Feb, 2019 10:49am

Energy

Oil slips away from 2019 highs as surging US supply undermines OPEC cuts

SINGAPORE: Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth te

Published 20 Feb, 2019 07:48am

Energy

Azerbaijan expects flat oil output in 2019, gas to rise 20pc

BAKU: Azerbaijan expects oil production to stay flat in 2019 and gas output to rise 20 percent in 2019, state energy

Published 19 Feb, 2019 07:24pm

Energy

Azerbaijan expects flat oil production, 20pc rise in gas output in 2019

BAKU: Azerbaijan expects its oil production will be flat and its gas output will rise 20 percent in 2019, a spokesman fo

Published 19 Feb, 2019 03:53pm

Energy

Oil hovers just below 2019 highs as markets look to trade talks

SINGAPORE: Oil prices hovered just below 2019 highs on Tuesday as traders waited for the outcome of U.S.-China trade tal

Published 19 Feb, 2019 08:09am

Energy

Brent oil eases from 2019 highs as markets await trade talks outcome

SINGAPORE: Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel de

Published 19 Feb, 2019 07:04am

Energy

Azerbaijan's oil exports via Turkey pipeline fall 2.9pc in Jan

BAKU: Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 2.9 percent year-

Published 18 Feb, 2019 07:54pm

Energy

Azeri oil output down by 0.8pc to 3.334mn tonnes in January

BAKU: Azerbaijan's oil and gas condensate output fell by 0.8 percent year-on-year in January 2019 to 3.334 million t

Published 18 Feb, 2019 07:44pm

Energy

Indian Oil signs first annual deal for US oil

NEW DELHI/SINGAPORE: Indian Oil Corp , the country's top refiner, has signed its first annual deal to buy US oil, paying

Published 18 Feb, 2019 02:12pm

Energy

China to build new LNG terminals in southern Guangdong

BEIJING: China will build new liquefied natural gas (LNG) terminals and expand the capacity of existing terminals in its

Published 18 Feb, 2019 02:03pm

Energy

Vietnam buys first US crude oil cargo for May delivery

SINGAPORE: Vietnam will import its first ever US crude oil cargo in May for trial runs at a domestic refinery as it seek

Published 18 Feb, 2019 11:46am

Energy

Oil prices hit 2019 highs amid supply cuts, trade talk hopes

SINGAPORE: Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, US sa

Published 18 Feb, 2019 10:57am

Energy

Middle East Crude Benchmarks fall; little impact from Saudi outage

SINGAPORE: Middle East crude benchmarks Dubai and Oman eased on Monday, down from this month's peaks as most refiners ha

Published 18 Feb, 2019 10:42am

Energy

Indian Oil buys commissioning cargo of LNG for new Ennore terminal

SINGAPORE: Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal

Published 18 Feb, 2019 10:33am

Energy

India advises refiner to avoid US system for Venezuela oil buying

NEW DELHI: India has asked one buyer of Venezuelan oil to consider paying the South American nation's national oil c

Published 15 Feb, 2019 08:00pm

Energy

India's oil imports fell 10pc in Jan y/y

NEW DELHI: India's oil imports declined by 10.4 percent in January from a year earlier to about 4.6 million barrels per

Published 15 Feb, 2019 02:10pm

Energy

Fuel Oil-Refining margins slip as crude prices gain

SINGAPORE: Fuel oil refining margins eased on Friday amid firmer crude oil prices, while cash premiums for the mainstay

Published 15 Feb, 2019 01:51pm

Energy

Asian prices drop to 17-mth low on tepid demand

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, hitting a 17-mon

Published 15 Feb, 2019 09:21am

Energy

Brent oil slips from 2019-high as economic woes counter OPEC-led cuts

SINGAPORE: Brent crude oil prices slipped away from 2019 highs above $65 per barrel reached earlier on Friday, as econom

Published 15 Feb, 2019 09:09am

Energy

India's ONGC third-quarter profit beats estimate

India's Oil and Natural Gas Corp on Thursday posted a 64.8 percent jump in third-quarter profit, handily beating analyst

Published 14 Feb, 2019 12:14pm

Energy

China's Jan crude oil imports rise from a year ago, gas imports at record

SINGAPORE: China's crude oil imports in January rose 4.8 percent from a year earlier, customs data showed on Thursday, w

Published 14 Feb, 2019 08:59am

Energy

Oil prices rise on Sino-American trade hopes, upbeat China data

SINGAPORE: Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-U.S. tariff talks wou

Published 14 Feb, 2019 08:37am

Energy

Asia's crude oil refiners are caught between Trump and OPEC: Russell

LAUNCESTON, AUSTRALIA: Asia's oil refiners are increasingly finding themselves trapped between the rock of OPEC's produc

Published 13 Feb, 2019 02:42pm

Energy

Malaysia's Bintulu LNG cargoes delayed on lower production

SINGAPORE: Loadings of liquefied natural gas (LNG) cargoes at Malaysia's Bintulu export plant, which is operated by Petr

Published 13 Feb, 2019 01:10pm

Energy

Gasoline discount widens, Formosa seeks naphtha

SINGAPORE: Asia's naphtha crack eased to a two-session low of $40.65 a tonne on Wednesday as strong demand was countered

Published 13 Feb, 2019 01:00pm

Energy

Australian producers plan LNG plant maintenance from April-Sept

SINGAPORE: Woodside Petroleum and Chevron Corp have planned major maintenance works at their liquefied natural gas (LNG)

Published 13 Feb, 2019 11:45am

Energy

Kuwait raises Feb KEC price by 40 cents/bbl, cuts light crude price

SINGAPORE: Kuwait has raised the February official selling price (OSP) for Kuwait Export Blend Crude (KEC) by 40 cents t

Published 12 Feb, 2019 12:38pm

Energy

Jet fuel cracks slip as crude gains; cash discounts widen

SINGAPORE: Asian refining margins for jet fuel dipped as crude prices firmed on Tuesday, while cash discounts for the av

Published 12 Feb, 2019 12:35pm

Energy

Oil India's third-quarter profit beats estimate

State-owned Oil India Ltd on Tuesday posted nearly 75 percent surge in its quarterly profit, handily beating analysts' e

Published 12 Feb, 2019 11:41am

Energy

Brent's premium to Dubai crude falls to lowest in more than 8 years

SINGAPORE: Brent crude's premium to Dubai crude fell to the lowest in more than eight years as the Middle East benchmark

Published 12 Feb, 2019 11:36am

Energy

Iran keeps light crude price for Asia unchanged in March

SINGAPORE: Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at 40 cents abo

Published 11 Feb, 2019 03:46pm

Energy

US oil may fall to $50.76

SINGAPORE: US oil may break a support at $51.86 per barrel, and fall more to the next support at $50.76, as its uptrend

Published 11 Feb, 2019 03:40pm

Energy

Abu Dhabi's ADNOC seeks to expand downstream investment in Asia

NEW DELHI: Abu Dhabi National Oil Company is seeking to invest in more downstream assets, mainly in refining and petroch

Published 11 Feb, 2019 02:16pm

Energy

Benchmarks gain on OPEC cuts, US sanctions

SINGAPORE: Middle East crude benchmarks edged higher on Monday, boosted by OPEC production cuts and US sanctions on Iran

Published 11 Feb, 2019 01:29pm

Energy

Venezuela open to barter trade with India to boost oil sales

NEW DELHI: Venezuela is open to barter-like payments from India to boost oil sales to the world's third-biggest oil cons

Published 11 Feb, 2019 12:12pm

Energy

Gasoline crack returns to slight premium

SINGAPORE: Asia's naphtha crack was at a three-session high on Monday at $37.70 a tonne while gasoline crack flipped to

Published 11 Feb, 2019 12:08pm

Energy

Brent oil may retest support at $60.55

SINGAPORE: Brent oil may retest a support at $60.55 per barrel, a break below which could cause a loss into a range of $

Published 11 Feb, 2019 08:39am

Energy

U.S. oil may fall to $50.76

SINGAPORE: U.S. oil may break a support at $51.86 per barrel, and fall more to the next support at $50.76, as its uptren

Published 11 Feb, 2019 08:27am

Energy

Oil prices fall as U.S. rig count rise, trade concerns

SINGAPORE: Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world's largest

Published 11 Feb, 2019 08:05am

Energy

Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent

SINGAPORE: Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.

Published 11 Feb, 2019 08:02am

Energy

Middle East Crude-Dubai, Oman stay firm

SINGAPORE: Middle East crude benchmarks Dubai and Oman were steady on Friday, staying above Brent, supported by OPEC cut

Published 08 Feb, 2019 12:06pm

Energy

Cracks hit new 3-year high as crude prices ease

SINGAPORE: Refining margins for fuel oil hit a three-year high on Friday, buoyed by weaker crude prices, while cash prem

Published 08 Feb, 2019 11:46am

Energy

Oil prices slip on economy fears, but OPEC cuts provide backstop

SINGAPORE: Oil markets fell on Friday, pulled down by worries over a global economic slowdown, although OPEC-led supply

Published 08 Feb, 2019 08:56am

Energy

Oil prices drop on rising US crude supply, but OPEC cuts support

SINGAPORE: Oil prices fell on Thursday after US crude inventories rose and the country's production held at record level

Published 07 Feb, 2019 03:27pm

Energy

Middle East Crude-Benchmarks strengthen; EFS narrows

SINGAPORE: Middle East crude benchmarks kicked off trade this month at stronger levels as traders may be betting on tigh

Published 01 Feb, 2019 12:25pm

Energy

Jet fuel margins climb to highest in over two weeks

SINGAPORE: Asian refining margins for jet fuel climbed on Friday to their highest in over two weeks, while cash differen

Published 01 Feb, 2019 11:40am

Energy

Brent oil may fall to $59.92

SINGAPORE: Brent oil may fall to $59.92 per barrel, as it could have completed an uptrend from the Dec. 26, 2018 low of

Published 01 Feb, 2019 07:57am

Energy

Oil prices climb on OPEC cuts, hopes of U.S.-China trade deal

SINGAPORE: Oil prices rose on Friday, lifted by OPEC's supply cuts and hopes the United States and China could soon sett

Published 01 Feb, 2019 07:35am

Energy

South Korea's Jan crude oil imports fall 8.8 pc y/y

SEOUL: South Korea's crude oil imports in January fell 8.8 percent to 91.0 million barrels from a year earlier, prelimin

Published 01 Feb, 2019 07:25am

Energy

US oil may fall to $52.53

SINGAPORE: U.S. oil may fall to $52.53 per barrel, as suggested by a projection analysis and the hourly MACD. The con

Published 01 Feb, 2019 07:19am

Energy

Oil caught between trade talk hopes, weak China data

SINGAPORE: Oil prices held steady on Friday, torn between hopes the United States and China could soon settle their trad

Published 01 Feb, 2019 07:10am

Energy

Asia Fuel Oil-Cracks extend gains to hit record highs, inventories rise

SINGAPORE: Fuel oil cracks continued their ascent on Thursday, climbing to record highs amid expectations of tightening

Published 31 Jan, 2019 04:03pm

Energy

Japan's crude imports fall 15pc y/y in Dec

TOKYO: Japan's crude oil imports in December fell 15 percent from a year earlier to 3.00 million barrels per day (14.76

Published 31 Jan, 2019 12:08pm

Financial

Bangladesh imports first LNG from Oman Trading as terminal runs full

DHAKA: Bangladesh has imported its first liquefied natural gas (LNG) cargo from Oman Trading International, its long-ter

Published 31 Jan, 2019 11:52am

Energy

Saudi Arabia may hold most oil prices to Asia steady in March, Venezuela impact eyed

SINGAPORE: Saudi Arabia is expected to keep prices for most of the crude grades it sells to Asia little changed in March

Published 31 Jan, 2019 08:49am

Energy

Indian Oil seeks commissioning cargo for new Ennore LNG terminal - sources

SINGAPORE: Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) termina

Published 30 Jan, 2019 02:24pm

Energy

Oil rises as traders expect Venezuelan supply disruptions amid US sanctions

SINGAPORE: Oil prices rose on Wednesday as concerns about supply disruptions following US sanctions on Venezuela's oil i

Published 30 Jan, 2019 01:44pm

Energy

Oil edges up on Venezuela sanctions, but economic outlook weighs

SINGAPORE: Oil prices rose on Wednesday as concerns about supply disruptions following US sanctions on Venezuela's oil i

Published 30 Jan, 2019 12:48pm

Energy

Japan's Shizuoka Gas signs deal with China's Clean Energy to supply LNG

SINGAPORE: Japanese city gas supplier Shizuoka Gas Co has signed a binding agreement with China's Clean Energy to delive

Published 30 Jan, 2019 10:22am

Energy

Oil dips as gloomy economic outlook outweighs Venezuela supply concerns

SINGAPORE: Oil prices dipped on Wednesday amid a cloudy outlook for the global economy, but traders said declines were r

Published 30 Jan, 2019 08:45am

Energy

Oil rises as traders expect Venezuelan supply disruptions amid U.S. sanctions

SINGAPORE: Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela's oil

Published 30 Jan, 2019 07:48am

Energy

China saw better utilization of renewable energy in 2018

BEIJING: China wasted less renewable energy in the past year amid a rising utilization rate, official data showed Mo

Published 28 Jan, 2019 07:32pm

Energy

Crude awakening: Chinese oil demand rebounds as independent refiners restock

SINGAPORE: Chinese demand for crude oil is rebounding as independent refiners push to buy before prices climb further fr

Published 28 Jan, 2019 12:58pm

Energy

Oil falls on increased US rig count, China industrial slowdown

SINGAPORE: Oil prices fell 1 percent on Monday after US companies added rigs for the first time this year, a signal that

Published 28 Jan, 2019 12:30pm

Energy

S.Korea's S-Oil sees stronger refining margins on diesel demand

SEOUL: S-Oil Corp, South Korea's third-biggest refiner by capacity, said on Monday that refining margins are expected to

Published 28 Jan, 2019 12:20pm

Energy

Oil prices climb as US threatens sanctions against Venezuela

SYDNEY/SINGAPORE: Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon

Published 25 Jan, 2019 12:38pm

Energy

Sahara Energy hires Ben Waters to head Singapore crude oil trading

SINGAPORE: Sahara Energy International has hired Ben Waters to head its crude-oil trading operations in Singapore, two s

Published 25 Jan, 2019 12:35pm

Energy

Russia seals position as top crude oil supplier to China, holds off Saudi Arabia

BEIJING: Russia came in as China’s largest crude oil supplier in December, cementing the top spot for all of 2018 for a

Published 25 Jan, 2019 09:23am

Energy

Japan's Iran oil loading likely to continue through March -PAJ head

TOKYO: Japanese refiners will continue to lift oil from Iran through March after receiving a waiver from US sanctions on

Published 24 Jan, 2019 01:59pm

Energy

Oil prices dip on worries fuel demand to stall as global growth slows

SINGAPORE: Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel dema

Published 24 Jan, 2019 01:55pm

Energy

Brent crude's premium to Dubai quotes falls to lowest since July 2017

SINGAPORE: Brent crude's premium to quotes for Middle East crude benchmark Dubai fell on Thursday to close to 70 cents a

Published 24 Jan, 2019 11:58am

Energy

TOCOM drops on weaker oil prices, worries over global economy

TOKYO: Benchmark Tokyo rubber futures dropped on Thursday, following a plunge in a near-term contract and weaker oil pri

Published 24 Jan, 2019 11:23am

Energy

Oil edges up on hopes Chinese fiscal stimulus will stem economic slowdown

SINGAPORE: Oil prices inched up on Wednesday after China said it would raise spending to stem an economic slowdown that

Published 23 Jan, 2019 08:19am

Energy

Middle East Crude-Benchmarks ease; ESPO tender eyed

SINGAPORE: Middle East crude benchmarks eased on Tuesday as traders waited for more Russian ESPO crude to trade later th

Published 22 Jan, 2019 05:21pm

Energy

Asia Fuel Oil-Weaker crude prices lift crack higher

SINGAPORE: Weaker crude oil prices helped the front-month fuel oil crack narrow its discount to Brent crude on Tuesday t

Published 22 Jan, 2019 05:08pm

Energy

Indian Oil to shut half of Panipat refinery from mid-Feb for a month

NEW DELHI: Indian Oil Corp, the country's top refiner, will shut half of its 300,000 barrels per day Panipat refinery in

Published 22 Jan, 2019 11:50am

Energy

Oil prices drop as China economic slowdown threatens to spread

SINGAPORE: Oil prices fell on Tuesday on signs that an economic slowdown in China, the world's second-largest economy an

Published 22 Jan, 2019 10:02am

Energy

Iran fails to find any buyers for crude offered on exchange

LONDON: Iran failed to find any buyers on Monday in its latest attempt to sell oil to private companies for export o

Published 21 Jan, 2019 08:13pm

Energy

South Korea receives first Iranian oil cargo in 4 months

SINGAPORE/SEOUL: * South Korea received on Saturday its first Iranian oil cargo in four months, data on Refinitiv Eikon

Published 21 Jan, 2019 08:45am

Energy

Oil reaches 2019-high on strong China crude use, but economic slowdown looms

SINGAPORE: Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, t

Published 21 Jan, 2019 08:37am

Energy

Asian prices slip, but plant outages limit losses

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) continued to fall this week as importers in North Asia have

Published 18 Jan, 2019 09:19am

Energy

Oil climbs 1 pc on OPEC output cut, hopes for easing China-U.S. trade tensions

SINGAPORE: Oil prices rose 1 percent on Friday after a report from the Organization of the Petroleum Exporting Countries

Published 18 Jan, 2019 08:25am

Energy

Indonesia's Bontang LNG plant shuts a train for maintenance

SINGAPORE/JAKARTA: Indonesia's Bontang liquefied natural gas (LNG) plant has shut one of its production trains for maint

Published 17 Jan, 2019 08:48am

Energy

Oil prices slip as U.S. crude output nears 12 mn bpd

SINGAPORE: Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd)

Published 17 Jan, 2019 08:43am

Energy

China crude output seen flat in 2019, gas demand to climb: CNPC

BEIJING: China's crude oil output is set to remain flat in 2019 while its natural gas demand will rise 11 percent, a

Published 16 Jan, 2019 01:08pm

Energy

Middle East Crude-Benchmarks edge higher; tenders eyed

SINGAPORE: Middle East crude benchmarks extended gains on Wednesday while traders eyed results from tenders to gauge

Published 16 Jan, 2019 12:40pm

Energy

Oil holds ground as OPEC-led supply cuts keep tighter market hopes alive

SINGAPORE: Oil prices were steady on Wednesday after climbing about 3 percent in the previous session as expectations th

Published 16 Jan, 2019 09:15am

Energy

China crude output seen flat in 2019, gas demand to climb

BEIJING: China's crude oil output is set to remain flat in 2019 while its natural gas demand will rise 11 percent, accor

Published 16 Jan, 2019 08:54am

Energy

Oil firm as supply cuts point to tighter market despite weakening economy

SINGAPORE: Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OP

Published 16 Jan, 2019 08:35am

Energy

Middle East Crude-Benchmarks firm; Qatar Land stays in discount

SINGAPORE: Middle East crude benchmarks firmed on Tuesday amid limited trade on the Platts window. Cash Dubai's p

Published 15 Jan, 2019 01:08pm

Energy

Oil prices rise 1 pc amid supply cuts, but economic slowdown dims demand outlook

SINGAPORE: Oil prices rose by around 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, althoug

Published 15 Jan, 2019 08:37am

Energy

China raises retail fuel prices

BEIJING: China will raise the retail prices of gasoline and diesel starting Tuesday, the country's top economic plan

Published 14 Jan, 2019 01:42pm

Energy

Middle East Crude-Mixed; Murban trades at wide discount

SINGAPORE: Middle East crude benchmarks were mixed on Monday with DME Oman edging up but cash Dubai fell. Light s

Published 14 Jan, 2019 01:17pm

Energy

China's natural gas imports hit record high

BEIJING: China's imports of natural gas climbed to a new high last year in part due to government support for clean ener

Published 14 Jan, 2019 07:36am

Energy

Middle East Crude-Benchmarks touch month's high; Murban discount widens

SINGAPORE: Middle East crude benchmarks Dubai and Oman rose on Friday to their highest premium this month, although

Published 11 Jan, 2019 02:23pm

Energy

India imported a record 4.6mn bpd oil in 2018

NEW DELHI: India imported 4.8 percent more oil in 2018 to a record 4.58 million barrels per day (bpd) as the country

Published 11 Jan, 2019 01:37pm

Energy

India's Iranian oil imports slide in December under US pressure

NEW DELHI: India's oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship t

Published 11 Jan, 2019 01:35pm

Energy

Asian prices slide to 8-month low on mild winter

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) slid to an eight-month low this week amid milder winter wea

Published 11 Jan, 2019 10:37am

Energy

Oil on track for weekly gains on trade talk hopes, OPEC-led supply cuts

SINGAPORE: Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the Un

Published 11 Jan, 2019 08:45am

Energy

Oil drops by 1 pc on U.S. supply surge, caution after U.S.-China trade talks

SINGAPORE: Oil prices fell by more than 1 percent on Thursday on swelling U.S. supply and amid caution after talks betwe

Published 10 Jan, 2019 09:54am

Energy

SK Innovation CEO says South Korea to restart Iran oil imports in Jan-Feb

LAS VEGAS: South Korean oil buyers are expected to restart Iranian oil imports in late January or early February, the he

Published 10 Jan, 2019 09:52am

Energy

US oil exports to Asia set to rise in Q2 as freight costs fall

SINGAPORE/NEW YORK: US crude oil exports to Asia are set to rise in the second quarter as sellers cut prices followi

Published 09 Jan, 2019 12:52pm

Energy

Middle East Crude-Benchmarks mixed; Saudi maintains full allocation

SINGAPORE: Middle East crude benchmarks were mixed on Wednesday, with DME Oman slipping back to this month's low whi

Published 09 Jan, 2019 12:16pm

Energy

Oil climbs on hopes U.S., China can settle trade disputes

SINGAPORE: Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Was

Published 09 Jan, 2019 09:10am

Energy

Oil rises by over 1 pc on U.S., China trade talk optimism

SINGAPORE: Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Was

Updated 09 Jan, 2019 09:08am

Energy

Oil prices steady on trade talk hopes and OPEC cuts, but slowdown looms

SINGAPORE: Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese official

Published 08 Jan, 2019 08:51am

Energy

Middle East Crude-Benchmarks weaken; March Murban at discount

SINGAPORE: The Middle East crude benchmarks weakened on Monday, while March Murban was offered at a discount followi

Published 07 Jan, 2019 11:44am

Energy

China to crack down on diesel trucks, raise fuel standards

SHANGHAI: China will take action against highly-polluting diesel trucks by imposing tougher fuel and engine standards, r

Published 05 Jan, 2019 07:09am

Energy

China's Sinopec says losses at trading arm Unipec under audit

BEIJING: Sinopec on Friday said outside auditors have started reviewing losses at its trading arm Unipec. Sinopec sai

Published 04 Jan, 2019 02:59pm

Energy

Singapore fuel oil inventories dip, but net imports hold firm

SINGAPORE: Singapore fuel oil inventories dipped to a three-week low in the week ended Jan. 2, even though net import vo

Published 04 Jan, 2019 10:07am

Energy

Record LNG capacity to get green light in 2019 amid strong demand

SINGAPORE: A record amount of liquefied natural gas (LNG) production is expected to get the green light in 2019 amid str

Published 04 Jan, 2019 09:41am

Energy

CNOOC, CNPC LNG terminals receive record amount of gas in 2018

A liquefied natural gas import terminal in east China's Zhejiang province operated by China National Offshore Oil Corp

Published 03 Jan, 2019 08:37am

Energy

Oil drops as volatile markets, supply surge unsettle investors

SINGAPORE: Oil prices slipped on Thursday amid volatile currency and stock markets, and as analysts warned of an economi

Published 03 Jan, 2019 08:14am

Energy

Oil prices fall on demand fears, market volatility

SINGAPORE: Oil prices fell by 1 to 2 percent on Thursday amid volatile currency and stock markets, and on concerns that

Published 03 Jan, 2019 08:01am

Energy

Saudi Arabia may cut Feb heavy crude prices to Asia

SINGAPORE: Top oil exporter Saudi Arabia is expected to cut February prices for heavier crude grades sold to Asia due to

Published 03 Jan, 2019 07:29am

Energy

Oil slides into 2019 on economic slowdown, surging supply

SINGAPORE: Oil markets slid by around one percent in 2019's first trading on Wednesday, pulled down by surging outpu

Published 02 Jan, 2019 01:29pm

Energy

China cuts crude oil import quotas with first batch of 2019 allowances

SINGAPORE/BEIJING: China issued its first batch of crude oil import quotas for 2019 on Wednesday at a lower volume t

Published 02 Jan, 2019 01:27pm

Energy

Indian state oil firms have stopped taking margin hit on petrol and diesel sales

NEW DELHI: Indian state-owned fuel retailers have stopped absorbing a government-mandated cut of 1 rupee (0.014 U.S. cen

Published 02 Jan, 2019 10:38am

Energy

Oil slides into 2019 on economic slowdown, surging supply

SINGAPORE: Oil markets slide by around one percent in 2019's first trading on Wednesday, pulled down by surging output i

Published 02 Jan, 2019 08:08am

Energy

Oversupply, faltering growth to weigh on oil prices in 2019

BENGALURU: Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from

Published 31 Dec, 2018 12:09pm

Energy

Brent crude rises $1, but set for first yearly drop since 2015

SINGAPORE: Oil prices rose about 2 percent on the final trading day of the year on Monday, mirroring gains in stock mark

Published 31 Dec, 2018 09:08am

Energy

Oil prices rise over 1 pc, but set for first yearly drop since 2015

SINGAPORE: Oil prices climbed on the final trading day of the year on Monday, mirroring gains in stock markets, but were

Published 31 Dec, 2018 07:53am

Energy

Oil prices rebound but still weak due to oversupply

LONDON: Oil prices rebounded on Friday, recovering slightly from heavy losses this week, but remained close to the l

Published 28 Dec, 2018 12:30pm

Energy

China's Sinopec suspends top officials at trading arm

SINGAPORE: Sinopec has suspended two top officials at its trading arm Unipec and is evaluating the details related to ce

Published 27 Dec, 2018 09:04pm

Energy

LNG imports into Northeast Asia climb to record high in December

SINGAPORE: Shipments of liquefied natural gas (LNG) into Northeast Asia have risen to a record in December, mainly drive

Published 27 Dec, 2018 08:31am

Energy

Oil prices drop after jump the day before; glut, economy concerns drag

SEOUL: Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and

Published 27 Dec, 2018 07:05am

Energy

US oil edges up after tumbling to lowest since June 2017 on economy fears

SEOUL: Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session,

Published 26 Dec, 2018 12:02pm

Energy

Middle East Crude-Dubai firms on PetroChina's demand

SINGAPORE: Middle East crude benchmark Dubai firmed on Wednesday as PetroChina continued to sweep up February partia

Published 26 Dec, 2018 11:20am

Energy

Oil rises on signs recent low prices crimping US output; but economic worries weigh

SEOUL: Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United St

Published 24 Dec, 2018 11:35am

Energy

China Nov LNG imports from US at 138,892 tonnes

BEIJING: China's liquefied natural gas (LNG) imports from the United States totaled 138,892 tonnes in November, cust

Published 24 Dec, 2018 11:30am

Energy

Indian shares mark 2 week closing low; financials drag

Indian shares ended lower for a third straight session on Monday as political uncertainties in the United States and

Published 24 Dec, 2018 11:16am

Energy

Saudi Arabia pips Russia as China's largest crude oil supplier in Nov

BEIJING: Saudi Arabia overtook Russia as China's largest crude oil supplier in November, breaking Russia's 19-month

Published 24 Dec, 2018 11:11am

Energy

Oil rises on signs recent low prices crimping US output; but economic worries weigh

SEOUL: Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States

Published 24 Dec, 2018 09:04am

Energy

Oil rebounds as OPEC output cuts seen deeper than expected

BEIJING/SINGAPORE: Oil prices climbed on Friday, claiming back ground from a tumble of 5 percent in the previous session

Published 21 Dec, 2018 08:48am

Energy

Oil prices resume fall, shed last session's gains

BEIJING/SINGAPORE: Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen

Published 20 Dec, 2018 09:05am

Energy

India's ONGC board to consider listing of ONGC Videsh on domestic exchanges

MUMBAI: The board of India's top explorer, Oil and Natural Gas Corp Ltd, will consider a proposal this week to list its

Published 19 Dec, 2018 12:26pm

Energy

Middle East Crude-Benchmarks mixed; ESPO premium climbs

SINGAPORE: Middle East crude benchmarks were mixed on Wednesday with DME Oman's premium to Dubai edging up 2 cents a bar

Published 19 Dec, 2018 12:20pm

Energy

Oil prices claw back some ground, but oversupply worries drag

BEIJING/SINGAPORE: Oil prices clawed back some ground on Wednesday as global equity markets showed signs of stabilizing,

Published 19 Dec, 2018 09:19am

Energy

Oil prices fall for third straight session amid supply glut worries

SINGAPORE: Brent crude prices dropped more than $1 on Tuesday, falling for a third straight session, as reports of inven

Published 18 Dec, 2018 08:04am

Financial

Indian shares cool off after five-day rally, Fed in focus

Indian shares followed other Asian equities into negative territory on Tuesday, amid concerns that global economic growt

Published 18 Dec, 2018 07:55am

Energy

Middle East Crude-Light grades trade in discounts

SINGAPORE: Light grades in the Middle East crude market traded at discounts as buyers maximised term supplies from Saudi

Published 17 Dec, 2018 02:16pm

Energy

US oil may retest support $50.82

SINGAPORE: US oil may retest a support $50.82 per barrel, a break below which could cause a loss into the range of $49.3

Published 17 Dec, 2018 01:37pm

Energy

Brent crude dips on global economy worries, US oil prices steady

SINGAPORE: Brent crude prices slipped on Monday amid concerns over demand in the wake of weaker growth in major economie

Published 17 Dec, 2018 01:35pm

Energy

Oil prices pressured by oversupply, global economic concerns

SINGAPORE: Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under

Published 17 Dec, 2018 01:20pm

Energy

South Korea imports no Iran oil in November despite sanctions waiver

SEOUL: South Korea did not import any Iranian oil for the third straight month in November, customs data showed on Satur

Published 15 Dec, 2018 08:30am

Energy

Asian prices snap three-week losing streak as winter kicks in

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) snapped a three-week losing streak to end higher this week,

Published 14 Dec, 2018 08:37am

Energy

Oil prices fall on China economy worries, but output cuts support

SINGAPORE: Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on

Published 14 Dec, 2018 08:30am

Energy

Oil prices rise as Sino-U.S. trade tensions show signs of easing

SINGAPORE: Oil prices edged higher on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that the t

Published 13 Dec, 2018 08:06am

Energy

CNPC suspends investment in Iran's South Pars after US pressure

SINGAPORE: China National Petroleum Corp (CNPC) has suspended investment in Iran's South Pars natural gas project in res

Published 12 Dec, 2018 12:43pm

Energy

Asia Fuel Oil-380-cst cash premiums lower; trade activity tepid

SINGAPORE: Asia's prompt-month 380-cst high-sulphur fuel oil cash premiums fell to a three-session low on Wednesday as p

Published 12 Dec, 2018 12:06pm

Energy

Middle East Crude-Feb light grades stay in discounts

SINGAPORE: Middle East crude benchmarks were mixed on Wednesday with DME Oman little changed while cash Dubai extended i

Published 12 Dec, 2018 12:05pm

Energy

Asia Naphtha/Gasoline-Naphtha gains; Formosa, Titan seek H2 Jan lots

SINGAPORE: Asia's naphtha crack was at a three-session high of $41.05 a tonne on Wednesday, boosted by demand.

Taiw

Published 12 Dec, 2018 11:31am

Energy

Oil prices rise on Asian stock rally, OPEC-led cuts

SINGAPORE: Oil prices climbed by around 1 percent on Wednesday amid a stock market rebound and on expectations that an O

Published 12 Dec, 2018 07:53am

Energy

Oil inches up on Libyan export interruption, but markets remain weak

SINGAPORE: Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the

Published 11 Dec, 2018 08:36am

Energy

Oil prices under pressure amid global market unease, but Libyan disruption supports

SINGAPORE: Oil prices were under pressure on Tuesday amid worries over global stock markets and doubts that planned outp

Updated 11 Dec, 2018 08:38am

Energy

Oil prices on shaky ground amid global financial market worries

SINGAPORE: Oil prices remained on shaky ground on Tuesday after sliding by 3 percent the previous day, pressured by

Published 11 Dec, 2018 01:22am

Energy

Firms set up LNG trading desks in Singapore to capture Asian growth

SINGAPORE: Several energy firms are setting up dedicated gas trading desks in Singapore as they try to capture the fast

Published 10 Dec, 2018 01:23pm

Energy

Asia Fuel Oil-Ample near-term supplies weigh on prompt 380-cst spread

SINGAPORE: Asia's prompt-month time-spread for 380-cst fuel oil extended their declines on Monday, weighed down by a ste

Published 10 Dec, 2018 01:18pm

Energy

Brent crude oil rises after producer supply cut, but outlook still weak

SINGAPORE: Brent crude oil rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed

Published 10 Dec, 2018 08:54am

Energy

China's November oil, gas imports set fresh monthly record

BEIJING: China's imports of crude oil hit a fresh monthly high in November, customs data showed on Saturday, beating the

Published 08 Dec, 2018 07:19am

Energy

Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

SINGAPORE: Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the pro

Published 07 Dec, 2018 08:12am

Energy

India to import Iranian oil using rupee payment mechanism

NEW DELHI: India will import crude oil from Iran using a rupee-based payment mechanism, an industry source told Reuters

Published 06 Dec, 2018 01:55pm

Energy

Middle East Crude-Prices hold steady, ADNOC cuts OSPs

SINGAPORE: The Middle East crude market was little changed on Thursday as traders waited for OPEC and Russia to decide w

Published 06 Dec, 2018 01:13pm

Energy

Asian refiners' profits slump as mild weather exacerbates oil products glut

oilSINGAPORE: Oil refiners' profits in Asia have slumped to the lowest in more than four years after refineries ramped u

Published 06 Dec, 2018 01:12pm

Energy

Oil prices sag on weak stock markets, but traders keep eye on OPEC meeting

SINGAPORE: Oil prices fell on Thursday as stock markets slid, but trading was tepid in the countdown to an OPEC-meeting

Published 06 Dec, 2018 08:31am

Energy

Oil prices ease in cautious trading ahead of OPEC meeting

SINGAPORE: Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected

Published 06 Dec, 2018 01:47am

Energy

Floating LNG cargoes in Asia find buyers as prices plunge

SINGAPORE: Several liquefied natural gas (LNG) cargoes that had been stored on vessels in Asian waters are now heading t

Published 05 Dec, 2018 03:39pm

Energy

BP plans to shut two Azeri oil platforms in 2019 for up to 15 days

BAKU: International energy group BP plans to shut two oil producing platforms in Azerbaijan for up to 15 days in 2019 fo

Published 05 Dec, 2018 02:12pm

Energy

Oil prices fall on global growth concerns, U.S. supply glut

SINGAPORE: Oil prices fell on Wednesday, pulled down by a U.S. supply glut and a drop in stock markets as China's govern

Published 05 Dec, 2018 08:08am

Energy

India's Bharat Petroleum seeks 3 LNG cargoes for next year via tender

LONDON: India's Bharat Petroleum is looking for three liquefied natural gas (LNG) cargoes for next year via tender, trad

Published 04 Dec, 2018 01:09pm

Energy

Middle East Crude-Benchmarks soften ahead of OSPs

SINGAPORE: Middle East crude benchmarks weakened on Tuesday ahead of monthly price announcements from producers. UAE:

Published 04 Dec, 2018 01:02pm

Energy

Equinor set to start talks with Tanzania over LNG project

OSLO: Norway's Equinor is ready to start talks with Tanzania over developing a liquefied natural gas (LNG) project based

Published 04 Dec, 2018 12:59pm

Energy

Physical trade activity holds firm but 380-cst cash premium slips

SINGAPORE: Weighed down by lower deal values, cash premiums of Asia's mainstay 380-cst high-sulphur fuel oil (HSFO) on

Published 04 Dec, 2018 12:57pm

Energy

Shell says production at Prelude FLNG to start at end-2018

SINGAPORE: Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the

Published 04 Dec, 2018 12:52pm

Energy

Oil prices advance 1 pct on expectations of OPEC-led output cuts

SINGAPORE: Oil prices rose by more than 1 percent on Tuesday, extending bigger gains from the previous day amid expected

Published 04 Dec, 2018 09:07am

Energy

Middle East Crude-Benchmarks firm ahead of Saudi OSPs

SINGAPORE: The Middle East crude benchmarks kicked off a new month of trade on Monday with cash Dubai at a higher premiu

Published 03 Dec, 2018 11:52am

Energy

Oil prices surge more than 5pc on cut pledge, US-China deal

SINGAPORE: Oil prices soared more than five percent on Monday after Russia and Saudi Arabia renewed a pact to cap output

Updated 03 Dec, 2018 08:16am

Energy

Prices on downward spiral amid warm winter, high stocks

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, falling to a fou

Published 30 Nov, 2018 09:36am

Energy

Oil prices creep up on expected OPEC cuts, but U.S. supply growth caps gains

SINGAPORE: Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next

Published 30 Nov, 2018 09:33am

Energy

Brent oil edges up on expected OPEC cuts; U.S. crude weaker amid swelling supply

SINGAPORE: Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut

Published 30 Nov, 2018 08:25am

Energy

Oil prices dip on swelling US supply; OPEC output cuts loom

SINGAPORE: Oil prices slpped on Friday after the United States reported a 10th straight weekly gain in commercial cr

Published 30 Nov, 2018 01:47am

Energy

Oil jumps more than 1 pct on outage in North Sea, expected OPEC supply cuts

SINGAPORE: Oil prices rose by more than 1 percent on Wednesday, pushed up by a North Sea production outage and expectati

Published 28 Nov, 2018 08:42am

Energy

Asia-Pacific Crude-January Kimanis premium stays firm

SINGAPORE: Medium grades in the Asia-Pacific crude market held firm on Tuesday, supported by a narrow Brent-Dubai price

Published 27 Nov, 2018 11:48am

Energy

Middle East Crude-Oman, ESPO premiums fall on lower Chinese demand

SINGAPORE: The Middle East crude benchmarks fell on Tuesday with DME Oman's premium to Dubai swaps dropping to their low

Published 27 Nov, 2018 11:34am

Energy

Asia Distillates-Jet fuel cash discounts widen on weaker demand

SINGAPORE: Asia's cash differentials for jet fuel dipped on Tuesday on concerns that seasonal heating demand for the dis

Published 27 Nov, 2018 10:58am

Energy

Angola LNG offers cargo for Jan-Feb delivery

SINGAPORE/LONDON: Angola's liquefied natural gas (LNG) export plant has offered a cargo for delivery over January to Feb

Published 27 Nov, 2018 08:59am

Energy

Oil weighed down by record Saudi output; markets eye G20, OPEC meetings

SINGAPORE: Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 ga

Published 27 Nov, 2018 01:54am

Energy

India's NSE, BSE indexes jump nearly 1pc

Indian shares rose about 1 percent on Monday in volatile trading, led by gains in index heavyweights HDFC Bank Ltd and c

Published 26 Nov, 2018 10:43am

Energy

Asia Fuel Oil-Weaker crude prices lifts 180-cst crack back to record high

SINGAPORE: Buoyed by a sharp drop in crude oil prices on Friday and ongoing signs of tightening supplies, the front-mont

Published 26 Nov, 2018 10:41am

Energy

Brent crude oil jumps back over $60 after 'Black Friday' plunge

SINGAPORE: Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent

Published 26 Nov, 2018 07:38am

Energy

Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

SINGAPORE: Oil prices slumped to 2018 lows on Friday in choppy trading, pulled down an emerging crude supply overhang am

Published 23 Nov, 2018 07:30am

Energy

US oil prices fall by more than 1 percent on concerns of oversupply

SINGAPORE: Oil prices fell on Friday, weighed down by concerns that producers are churning out more oil than the wor

Published 23 Nov, 2018 01:49am

Energy

Singapore fuel oil stocks jump, imports from Iraq hit record high

SINGAPORE: Singapore fuel oil inventories jumped 13 percent to a four-week high in the week ended Nov. 21, despite an 18

Published 22 Nov, 2018 10:23am

Energy

Asia Naphtha/Gasoline-Gasoline, naphtha cracks slip as inventories climb

SINGAPORE: Asia's gasoline and naphtha cracks slipped on Thursday as concerns of ample supplies and sluggish demand cont

Published 22 Nov, 2018 09:59am

Energy

Oil slips as US inventories swell, but OPEC may cut supply to avoid glut

SINGAPORE: Oil prices slipped on Thursday after US crude inventories swelled to their highest level since December 2017

Published 22 Nov, 2018 08:52am

Energy

Oil slips as U.S. inventories swell, but OPEC may cut supply to avoid glut

SINGAPORE: Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 201

Published 22 Nov, 2018 05:58am

Energy

Singapore 180-cst fuel oil margin hits high on tight supply, drop in crude prices

SINGAPORE: The front-month Singapore 180-centistoke (cst) high-sulphur fuel oil refining margin hit a record high on Tue

Published 20 Nov, 2018 09:57am

Energy

Oil prices slip amid broad market sell-off that outweighs expected OPEC cuts

SINGAPORE: Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to price

Published 20 Nov, 2018 08:42am

Energy

Oil prices drop as broad market sell-off outweighs supply concerns

SINGAPORE: Oil markets lost steam on Tuesday as a deteriorating economic outlook and a surge in U.S. production outweigh

Published 20 Nov, 2018 07:15am

Energy

Malaysia gas exports severely hit by output disruption since Q2

KUALA LUMPUR: Malaysia's gas exports have been severely impacted since the second quarter of the year due to a suppl

Published 16 Nov, 2018 11:48am

Energy

India's GAIL might buy some wind energy assets of IL&FS

NEW DELHI: Gas utility GAIL (India) Ltd might be interested in buying some of the wind assets of debt-laden Infrastr

Published 16 Nov, 2018 11:26am

Energy

Oil rises on expected OPEC cuts, though surging U.S. supply still weighs

SINGAPORE: Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged

Published 16 Nov, 2018 08:04am

Energy

Oil prices stabilise, but supply glut concerns weigh on sentiment

SINGAPORE: Oil prices stabilised on Thursday, reversing earlier declines, but market sentiment remained cautious ove

Published 15 Nov, 2018 01:02pm

Energy

Oil prices stabilise, but supply glut concerns weigh on sentiment

SINGAPORE: prices stabilized on Thursday, reversing earlier declines, but market sentiment remained cautious over concer

Published 15 Nov, 2018 08:08am

Energy

Oil extends 7 pct slide as outlook darkens

SINGAPORE: Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging

Published 14 Nov, 2018 09:08am

Energy

Crude oil extends steep dive, stocks fall on growth fears

TOKYO: Oil prices extended a steep slide on Wednesday on the back of worries about weakening world demand and oversupply

Published 14 Nov, 2018 08:22am

Energy

Oil prices slip around 1 pct after Trump urges OPEC not to cut supply

SINGAPORE: Oil prices fell by around 1 percent on Tuesday, with Brent crude slipping below $70 per barrel and WTI below

Published 13 Nov, 2018 08:33am

Energy

Oil prices jump after Saudi Arabia announces December supply cut

SINGAPORE: Oil prices jumped more than 1.5 percent on Monday after top exporter Saudi Arabia announced a supply cut

Published 12 Nov, 2018 01:20pm

Energy

Asia-Pacific Crude-Papua New Guinea light crude exports to fall in January

SINGAPORE: The Asia-Pacific crude market held steady on Monday as loading programmes from Australia and Papua New Gu

Published 12 Nov, 2018 12:14pm

Energy

Oil in bear market as supply rises, demand outlook weakens

SINGAPORE: Oil stabilized on Friday after spending most of the week sliding, but markets remained weak as rising supply

Published 09 Nov, 2018 09:22am

Energy

Oil rises as China reports record crude imports, but soaring US output keeps market in check

SINGAPORE: Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world's

Published 08 Nov, 2018 09:11am

Energy

Taiwan's waiver on Iran oil shows good ties with US

TAIPEI: A waiver exempting Taiwan from sanctions on Iranian oil imposed by the United States reflects Taipei's effor

Published 06 Nov, 2018 12:06pm

Energy

Japan crude oil buyers expected to restart Iran imports: trade minister

TOKYO: Japanese buyers of Iranian crude oil are expected to prepare to resume imports from the Middle Eastern nation

Published 06 Nov, 2018 11:00am

Energy

Oil prices fall on Iran sanction exemptions, economic concerns

SINGAPORE: Oil prices fell on Tuesday, weighed down by sanction exemptions from Washington that will allow Iran's bi

Updated 06 Nov, 2018 11:01am

Energy

Oil prices fall as U.S. grants Iran sanction waivers to major importers

SINGAPORE: Oil prices fell on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers

Published 05 Nov, 2018 08:41am

Energy

Oil prices pulled down by surging output, but Iran sanctions loom

SINGAPORE: Oil prices fell on Friday as surging output by the world's three largest producers outweighed supply concerns

Published 02 Nov, 2018 08:43am

Energy

China's Iranian crude imports fall 34 percent in Sept

BEIJING: China's crude oil imports from Iran in September fell sharply from the same month last year, a sign that Ch

Published 01 Nov, 2018 11:23am

Energy

Middle East Crude-Benchmarks down; spot cargoes trade in discounts

SINGAPORE: Middle East crude benchmarks dropped for a second session on Tuesday, while spot trades remained mired in

Published 23 Oct, 2018 11:48am

Energy

Gold falters as rising dollar dents appeal

BENGALURU: Gold prices slipped on Monday, pressured by a rallying dollar and the metal's failure to break above a key te

Published 22 Oct, 2018 08:01pm

Energy

Middle East Crude-Benchmarks ease despite Shell's purchases

SINGAPORE: The Middle East crude benchmarks eased on Monday despite robust demand from Shell on window. Outside t

Published 22 Oct, 2018 01:26pm

Energy

Japan Sept crude steel output falls 2.4pc yr/yr on natural disasters

TOKYO: Japan's crude steel output fell 2.4 percent in September from a year earlier to 8.42 million tonnes, the Japa

Published 22 Oct, 2018 12:01pm

Energy

Brent oil rises back above $80 as Iran sanctions loom

SINGAPORE: Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. s

Published 22 Oct, 2018 08:19am

Energy

GLOBAL LNG-Asian spot prices fall for 4th week on new Australian supply

SINGAPORE: Asian spot prices for liquefied natural gas dropped for a fourth week in a row, trading at their lowest in tw

Published 19 Oct, 2018 11:56am

Energy

Oil prices inch up on surprise drawdown in US crude stockpiles

TOKYO: Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline i

Updated 19 Oct, 2018 11:27am

Energy

US oil may edge up to $72.95

SINGAPORE: US oil may edge up to a resistance at $72.95 per barrel, to complete a bounce from the Oct. 11 low of $70.51.

Published 17 Oct, 2018 01:02pm

Energy

Asia-Pacific Crude-Malaysian to load 10 Kimanis cargoes in Dec

SINGAPORE: The Asia-Pacific crude oil market remained firm on Wednesday with Malaysia expected to load slightly lowe

Published 17 Oct, 2018 11:55am

Energy

Saudi Arabia has assured OPEC there will be no crude shortage: OPEC chief

NEW DELHI: Saudi Arabia has assured OPEC that it is "committed, capable and willing" to ensure there will be no shortage

Updated 19 Oct, 2018 11:27am

Energy

OPEC says India oil demand to rise by 5.8mn bpd by 2040

NEW DELHI: India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40

Published 16 Oct, 2018 01:18pm

Energy

Oil prices dip amid expectations of higher US inventories

SEOUL: Oil prices dipped on Tuesday amid expectations of an increase in US crude inventories, but signs of a fall in Ira

Published 16 Oct, 2018 01:17pm

Energy

Azerbaijan's Jan-Sept oil exports via Turkey pipeline down 0.4pc y/y

BAKU: Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey declined by 0.4 percent to

Published 16 Oct, 2018 01:13pm

Energy

Oil prices rise on signs of falling Iranian oil exports

SEOUL: Oil prices rose on Tuesday on signs of falling Iran oil exports ahead of U.S. sanctions against Tehran in Novembe

Published 16 Oct, 2018 08:25am

Energy

Brent oil may retest resistance at $82.10

SINGAPORE: Brent oil may retest a resistance at $82.10 per barrel, a break above which could lead to a gain to the next

Published 16 Oct, 2018 08:08am

Energy

BP criticises price controls, days after India cuts cost of fuel

NEW DELHI: Global oil major BP said on Monday fuel price controls were "not good", days after India asked state-run

Published 15 Oct, 2018 07:49pm

Energy

India's oil imports surge to $10.91bn in September

MUMBAI: India's crude oil imports in September touched $10.91 billion, up 33.6 percent from a year ago, Indian gover

Published 15 Oct, 2018 07:14pm

Energy

Middle East Crude-Benchmarks down for third day; 2019 Oman premiums rise

SINGAPORE: The Middle East crude benchmarks were down for a third session on Friday as the outlook for supplies improved

Published 12 Oct, 2018 12:28pm

Energy

India's oil imports from Iran edged up in September due to loading delays

NEW DELHI: India's oil imports from Iran edged up in September from the previous month as refiners pushed back loadi

Published 11 Oct, 2018 09:27pm

Energy

Brent oil may fall more to $80.46

SINGAPORE: Brent oil may fall more to $80.46 per barrel, as it has broken a support at $82.86. The support is identif

Published 11 Oct, 2018 12:11pm

Energy

Sri Lanka raises gasoline price, no change to diesel to stem inflation

COLOMBO: Sri Lanka said its fuel retailers raised gasoline prices for a fourth time in five months on Wednesday due to a

Published 11 Oct, 2018 11:54am

Energy

Asia-Pacific Crude-Malaysia raises Oct crude price factor

SINGAPORE: The Asia-Pacific crude oil market remained firm on Thursday with Malaysia raising the crude price factor for

Published 11 Oct, 2018 10:54am

Energy

Oil prices dip as IMF lowers global growth outlook; eyes on US hurricane

TOKYO: Oil prices edged down on Wednesday after the IMF lowered its global growth forecasts, but markets were supported

Published 10 Oct, 2018 12:43pm

Energy

Asia-Pacific Crude-Vietnam offers December cargoes

SINGAPORE: The Asia-Pacific crude oil market remained firm on Wednesday with Vietnam offering its first December cargoes

Published 10 Oct, 2018 11:37am

Energy

Saudi Arabia to supply about 4mn bbls of extra oil to India in Nov

SINGAPORE/NEW DELHI: Saudi Arabia, the world's biggest oil exporter, will supply Indian oil buyers with an additional 4

Published 10 Oct, 2018 11:29am

Energy

Oil prices dip as IMF lowers global growth outlook; eyes on U.S. hurricane

TOKYO: Oil prices edged down on Wednesday after the IMF lowered its global growth forecasts, but markets were supported

Published 10 Oct, 2018 08:28am

Energy

Middle East Crude-Benchmarks stay firm; Japan buys 2 Dubai cargoes

SINGAPORE: The Middle East crude benchmarks stayed firm on Tuesday supported by robust winter demand in Asia and as Iran

Published 09 Oct, 2018 01:05pm

Energy

Diesel crack may hit $40/bbl by 2020 with new shipping rules

SINGAPORE: Gasoil refining margins could spike to $40 a barrel in 2020 as more shippers shift to middle distillate fuels

Published 09 Oct, 2018 11:07am

Energy

CNOOC to expand Jiangsu Binhai LNG project

BEIJING: China's CNOOC plans to expand its LNG project in eastern Jiangsu province to meet rising demand from more regio

Published 08 Oct, 2018 11:57am

Energy

Oil drops as US considers granting some countries waivers on Iran sanctions

SINGAPORE: Oil prices fell on Monday after Washington said it may grant waivers to sanctions against Iran's oil exports

Published 08 Oct, 2018 11:51am

Energy

GLOBAL LNG-Asian prices dip amid healthy supply

SINGAPORE: Asian spot liquefied natural gas (LNG) prices eased slightly over the past week as healthy supplies going int

Published 05 Oct, 2018 01:46pm

Energy

India to buy 9mn barrels of Iranian oil in Nov

NEW DELHI: India will buy 9 million barrels of Iranian oil in November, an industry source told Reuters, indicating that

Published 05 Oct, 2018 11:56am

Energy

Asia-Pacific Crude-Pertamina seeks condensate for December

SINGAPORE: The Asia-Pacific crude oil market was steady on Thursday ahead of loading programmes to be release for cargoe

Published 04 Oct, 2018 01:24pm

Energy

India cuts gasoline, diesel prices to offset oil rise, rupee losses

NEW DELHI: India cut the retail prices of gasoline and diesel fuel by 2.50 rupees ($0.034) per litre, Finance Minister A

Published 04 Oct, 2018 01:08pm

Energy

Indonesia hikes Sept Minas crude oil price to $75.38/bbl

SINGAPORE: Indonesia has set the official Indonesian Crude Price (ICP) for Minas crude oil at $75.38 a barrel for Septem

Published 03 Oct, 2018 11:29am

Energy

Asia-Pacific Crude-Indonesia hikes crude price for Sept

SINGAPORE: The Asia-Pacific crude oil market remained firm on Wednesday with the few remaining cargoes for loading in No

Published 03 Oct, 2018 10:54am

Energy

U.S. crude oil shipments to China "totally stopped" amid trade war

HONG KONG: U.S. crude oil shipments to China have "totally stopped", the President of China Merchants Energy Shipping Co

Published 03 Oct, 2018 08:04am

Energy

Dubai crude September average price rises

SINGAPORE: Dubai crude, as quoted by price-reporting agency Platts, averaged $77.247 a barrel for September, up from the

Published 02 Oct, 2018 10:16am

Energy

Oil near 4-year high as Washington's Iran sanctions loom

SINGAPORE: Oil markets were firm on Tuesday, with Brent crude holding near four-year highs reached the previous day as m

Published 02 Oct, 2018 10:04am

Energy

Oil extends gains, eyes on $100 a barrel, but Asia markets down

HONG KONG: Oil prices built on gains Tuesday after another blistering rally but most markets were in retreat as traders

Published 02 Oct, 2018 09:13am

Energy

Oman crude OSP rises to $78.72/bbl for November

SINGAPORE: The official selling price (OSP) for Oman crude in November will rise by $6.08 to $78.72 a barrel, Reuters ca

Published 28 Sep, 2018 11:24am

Energy

Vietnam Sept crude oil output seen down 14.2 pct y/y to 910,000 T

HANOI: Vietnam's crude oil output in September is estimated at 910,000 tonnes, dropping 14.2 percent from a year ago, t

Published 28 Sep, 2018 11:20am

Energy

Brent oil trades near 4-year high, but US crude retreats

TOKYO: Brent crude was trading around its highest in nearly four years on Wednesday, while US crude futures fell as Wash

Published 26 Sep, 2018 01:51pm

Energy

UAE's ADNOC to export new crude oil grade in Nov

SINGAPORE/DUBAI: The Abu Dhabi National Oil Company (ADNOC) plans to export a new crude grade in November and started ma

Published 26 Sep, 2018 01:48pm

Energy

Asia Fuel Oil-Arbitrage spread climbs to near 2-year high

SINGAPORE: The second-month East-West (EW) arbitrage spread was trading at a near two-year high on Wednesday as expectat

Published 26 Sep, 2018 12:07pm

Energy

OPEC will balance oil markets, but there's limit to spare capacity

SINGAPORE: The Organization of the Petroleum Exporting Countries (OPEC) will act to balance the market after oil prices

Published 26 Sep, 2018 11:52am

Energy

Asia-Pacific Crude-Remains steady on firm demand

SINGAPORE: The Asia Pacific crude oil market remained firm on Wednesday on still high profit margins for refining middle

Published 26 Sep, 2018 11:21am

Energy

Middle East Crude-Oman jumps to multi-year high

SINGAPORE: The Middle East crude market was mixed on Tuesday as DME Oman's premium to swaps soared to a multi-year high

Published 25 Sep, 2018 11:46am

Energy

Chevron and PTTEP to face off in Thai petroleum auction

BANGKOK: Chevron Corp and Thailand's PTT Exploration and Production Pcl (PTTEP) will compete in the auction of Bongkot a

Published 25 Sep, 2018 11:40am

Energy

Asia-Pacific Crude-Demand for crude remains firm ahead of sanctions

SINGAPORE: Demand for Asia-Pacific crude oil remained firm on Tuesday ahead of the imposition of US sanctions on Iran wh

Published 25 Sep, 2018 11:35am

Energy

Petronas-Saudi RAPID refinery offloads first oil cargo

SINGAPORE: A supertanker carrying the first crude oil cargo to a refinery being jointly built by Malaysia's Petronas and

Published 24 Sep, 2018 03:43pm

Energy

Asia-Pacific Crude-Firm on higher demand, expectation of lower Iran supply

SINGAPORE: The Asia Pacific crude oil market remained strong on Monday on the back of firm demand and expectation of low

Published 24 Sep, 2018 01:17pm

Energy

China's crude oil futures attract worldwide participation

SHANGHAI: China's crude oil futures, the first futures variety on the Chinese mainland open to overseas investment,

Published 19 Sep, 2018 12:44pm

Energy

Oil prices fall as US-China trade war clouds demand outlook

BEIJING/SINGAPORE: Oil markets slipped on Tuesday as the latest escalation in the Sino-U.S. trade war clouded the ou

Published 18 Sep, 2018 10:20am

Energy

S.Korean Aug imports of Iran oil fall to lowest since Dec 2015

SEOUL: South Korea's Iranian crude oil imports fell in August to their lowest since December 2015, as buyers cut pur

Published 15 Sep, 2018 01:23pm

Energy

South Korea's Iran crude imports for August down 85pc y/y

SEOUL: South Korea imported 232,723 tonnes of crude oil from Iran in August, down 85 percent from a year ago, preliminar

Published 14 Sep, 2018 08:30pm

Energy

China's Sinopec plans to build Canadian oil refinery

WINNIPEG: China's Sinopec Corp has joined a group planning to build an oil refinery in Alberta, the project's consultant

Published 14 Sep, 2018 07:44pm

Energy

Iran says oil market is too tight for US zero exports target

LONDON: The US will find it difficult to cut Iran's oil exports completely as the oil market is already tight and ri

Published 14 Sep, 2018 02:36pm

Energy

Tokyo stocks close higher after Wall St gains

TOKYO: Tokyo stocks closed higher on Friday, backed by a weaker yen and gains on Wall Street, as traders took comfort in

Published 14 Sep, 2018 07:07am

Energy

Oil dips on rising US supply, but looming Iran sanctions prevent bigger fall

SINGAPORE: Oil prices dipped on Wednesday, pulled down by a reported rise in U.S. crude inventories, although fallin

Published 29 Aug, 2018 11:42am

Energy

Sinopec forecasts second-half fuel sales drop after surge in H1 profit

BEIJING: China Petroleum & Chemical Corp , the country's largest refiner, said on Sunday that it expects fuel sales

Published 26 Aug, 2018 07:58pm

Energy

Oil firm on tighter US outlook, but strategic reserve release caps market

SINGAPORE: Oil prices held firm on Tuesday, with U.S. fuel markets seen to be tightening, although the release of cr

Published 21 Aug, 2018 12:40pm

Energy

Oct Mideast light crude oil sell at widest discounts since 2015

SINGAPORE: Middle East light crude oil cargoes loading in October have sold in Asia at the widest discounts since 2015 a

Published 17 Aug, 2018 01:57pm

Energy

Malaysia's Petronas acquires 30pc equity in Senegal oil, gas block

KUALA LUMPUR: Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) said on Monday it has acquired a 30 percen

Published 13 Aug, 2018 01:44pm

Energy

Kutubu Light supplies to remain steady

SINGAPORE: The Asia Pacific crude oil market remained steady on Monday with supplies from Papau New Guinea expected to b

Published 13 Aug, 2018 01:34pm

Energy

Oil dips as emerging market woes dim demand outlook; Iran sanctions offer support

SINGAPORE: Oil prices dipped on Monday as rising trade tensions and economic woes in emerging markets dented the outlook

Published 13 Aug, 2018 12:16pm

Energy

Japan spot LNG contract price hits 5-month high in July

TOKYO: The average contract price for spot liquefied natural gas (LNG) cargoes for shipment to Japan last month hit a fi

Published 09 Aug, 2018 02:22pm

Energy

Indian Oil buys US crude to part replace Iran cargoes

NEW DELHI: Indian Oil Corp has bought 6 million barrels of US crude for delivery in November to January, a company offic

Published 08 Aug, 2018 01:17pm

Energy

Oil steady as concerns over Iran sanctions offset weak Chinese imports

SINGAPORE/LONDON: Oil prices steadied on Wednesday despite relatively weak Chinese import data as the market remained su

Published 08 Aug, 2018 01:07pm

Energy

Exxon Mobil's Papua New Guinea LNG export plant offers cargo for Sept

SINGAPORE: Exxon Mobil's Papua New Guinea liquefied natural gas (LNG) export plant has offered a cargo for delivery in S

Published 07 Aug, 2018 01:11pm

Energy

Middle East Crude-Dubai climbs as trade activity picks up

SINGAPORE: Middle East crude benchmark Dubai rose for a fourth straight session on Tuesday on the back of active trading

Published 07 Aug, 2018 01:08pm

Energy

Sri Lanka's Ceylon Petroleum seeks alternative to Murban crude for Oct

SINGAPORE: Sri Lanka's Ceylon Petroleum Corp is seeking to buy an alternative to its usual purchases of Murban crude oil

Published 07 Aug, 2018 12:14pm

Energy

Asia-Pacific Crude-Narrow Brent-Dubai EFS makes regional grades more attractive

SINGAPORE: The Asia Pacific crude oil market remained steady on Tuesday as a narrow Brent-Dubai price spread is expected

Published 07 Aug, 2018 10:56am

Energy

Qatar cuts July crude oil official selling prices to Asia

SINGAPORE: Qatar has set the July retroactive official selling price (OSP) for its Marine crude at $73.55 per barrel, do

Published 06 Aug, 2018 11:47am

Energy

Middle East Crude-Abu Dhabi, Qatar cut July OSPs for crude grades

SINGAPORE: Middle East crude benchmark Dubai rose for a third session on Monday, while DME Oman's premium to Dubai swaps

Published 06 Aug, 2018 11:24am

Energy

Jet fuel time spread climbs to near 1-month high

SINGAPORE: Asia's prompt month time spread climbed to a near one-month high on Monday, supported by firm seasonal demand

Published 06 Aug, 2018 11:04am

Energy

Indonesia raises July Minas crude oil price to $72.05/bbl

SINGAPORE: Indonesia has set the official Indonesian Crude Price (ICP) for Minas crude oil at $72.05 a barrel for July,

Published 03 Aug, 2018 12:37pm

Energy

Asia Fuel Oil-Time spread steady, Singapore inventories lowest since 2009

SINGAPORE: Asia's 380-cst prompt time spread was steady on Thursday, hovering near a three-year high hit earlier in the

Published 02 Aug, 2018 03:18pm

Energy

Malaysia's Petronas delivers first LNG cargo to Japan's Hokkaido Electric

KUALA LUMPUR: Malaysian state-owned oil company Petroliam Nasional Bhd (Petronas) said on Thursday it had delivered its

Published 02 Aug, 2018 03:13pm

Energy

Saudi Arabia cuts Sept crude oil prices to Asia

SINGAPORE: Saudi Aramco has cut the September price for its Arab Light crude grade for Asian customers by $0.70 a barrel

Published 02 Aug, 2018 03:05pm

Energy

Rosneft's India venture Nayara rejigs debt to cut interest costs

MUMBAI/NEW DELHI: Russian oil company Rosneft's Indian venture Nayara Energy, which owns one of the largest refineries i

Published 02 Aug, 2018 02:20pm

Energy

Malaysia lowers official selling price for July

SINGAPORE: The Asia-Pacific crude oil market remained steady on Wednesday as most of September-loading barrels have been

Published 01 Aug, 2018 01:25pm

Energy

China cuts transaction fees, margin requirement for Shanghai crude oil futures

BEIJING: Shanghai International Energy Exchange (INE) lowered the margin requirement for January crude contracts to 6 pe

Published 01 Aug, 2018 01:14pm

Energy

Malaysia's Petronas appoints industry veteran as chairman

KUALA LUMPUR: Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasiona

Published 01 Aug, 2018 12:39pm

Energy

China CNOOC's new Shenzhen terminal receives first LNG cargo

BEIJING: China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for lique

Published 01 Aug, 2018 12:31pm

Energy

Asia's June Iran oil imports hit seven-month low

TOKYO: Imports of Iranian crude oil by major buyers in Asia fell to a seven-month low in June, as South Korea lowered im

Published 31 Jul, 2018 10:47am

Energy

Asia-Pacific Crude-Sept-loading cargoes mostly sold

SINGAPORE: The Asia-Pacific crude market was little changed on Tuesday as most of the September-loading cargoes have bee

Published 31 Jul, 2018 10:42am

Energy

Japan's crude imports tumble to 50-year low for month of June

TOKYO: Japan's crude oil imports last month fell 14.7 percent from a year earlier to 2.4 million barrels per day (bpd),

Published 31 Jul, 2018 10:35am

Energy

Asia-Pacific Crude-Steady; more Sept cargoes sold

SINGAPORE: The Asia-Pacific crude market held steady on Monday with more September-loading cargoes being sold via tender

Published 30 Jul, 2018 10:09am

Energy

Vietnam July crude oil output 990,000 tonnes, down 14.7pc y/y

HANOI: Vietnam's crude oil output in July fell 14.7 percent from a year earlier to 990,000 metric tonnes, government dat

Published 29 Jul, 2018 12:06pm

Energy

China's Sinopec expects best quarter in years boosted by oil revival

BEIJING: China Petroleum and Chemical Corp expects to report its best quarter since 2013, based on Reuters calculations

Published 24 Jul, 2018 01:31pm

Energy

Asia Naphtha/Gasoline-Cracks firm; China supplies still high

SINGAPORE: Asia's naphtha crack rose for a second straight session and was near a two-month high of $105.88 a tonne on s

Published 23 Jul, 2018 11:41am

Energy

LNG-Prices slide as demand retreats in Japan, China, South Korea

Asian spot liquefied natural gas (LNG) prices softened for another week as the focus of purchasing activity switched

Published 20 Jul, 2018 08:02pm

Energy

Asia-Pacific Crude-Regionals supported by demand, weaker Brent

SINGAPORE: The Asia-Pacific crude market remained supported by firm demand on Thursday while spot premiums for Septe

Published 19 Jul, 2018 12:05pm

Energy

Tokyo stocks snap four-day winning streak

Tokyo: Tokyo stocks edged down on Thursday, snapping a four-day winning streak, as investors locked in profits. The b

Published 19 Jul, 2018 07:28am

Energy

Middle East Crude-Ample supplies, narrower Brent-Dubai weigh

SINGAPORE: Middle East crude benchmarks were little changed on Tuesday but ample supplies and a narrower Brent-Dubai

Published 17 Jul, 2018 12:09pm

Energy

Bangladesh signs deal with General Electric, Mitsubishi to invest $3bn in energy

DHAKA: General Electric and Mitsubishi Corporation are forming a joint venture with a Bangladesh private power firm

Published 11 Jul, 2018 02:42pm

Energy

India cuts Iranian oil imports in June ahead of US sanctions

NEW DELHI: Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from

Published 11 Jul, 2018 01:18pm

Energy

Oil rises to $79 a barrel on Norway strike, Libyan disruption

TOKYO/LONDON: Oil prices rose by over 1 percent towards $79 per barrel on Tuesday due to growing supply outages, wit

Published 10 Jul, 2018 03:35pm

Energy

Asian refiners buying more oil from outside Iran after US sanctions - KPC CEO

BEIJING: Asian refiners have increased oil buying from Saudi Arabia, Kuwait, the United Arab Emirates and Iraq after the

Published 09 Jul, 2018 07:47pm

Energy

Middle East Crude-Benchmarks steady; S. Korea reduces Iran imports

SINGAPORE: Middle East crude benchmarks were little changed on Tuesday as traders awaited official selling prices fr

Published 03 Jul, 2018 12:32pm

Energy

Yancoal Australia applies for dual listing in Hong Kong

Coal-miner Yancoal Australia Ltd said on Monday it applied to list on the Hong Kong Stock Exchange (HKEX) before the end

Published 01 Jul, 2018 10:49pm

Energy

India preparing for cut in oil imports from Iran

NEW DELHI: India's oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian o

Published 28 Jun, 2018 01:09pm

Energy

Trade fears stalk Asian dealers but oil surge lifts energy firms

HONG KONG: Trade war worries again permeated markets across Asia on Thursday, with mixed signals from the White House fu

Published 28 Jun, 2018 08:20am

Energy

Middle East Crude-Benchmarks steady; medium-sour grades weaken

SINGAPORE: Middle East crude benchmarks held steady on firm demand from Shell, but spot discounts for medium grades

Published 26 Jun, 2018 12:15pm

Energy

Hong Kong stocks down at the open

Hong Kong: Hong Kong stocks fell in opening trade on Tuesday, tracking sharp losses on Wall Street as investors grow inc

Published 26 Jun, 2018 08:11am

Energy

Spain's Repsol hires tanker for Iran's Pars oil as sanctions loom

NEW DELHI: Spain's Repsol has hired Malta-flagged suezmax Mabrouk to ship the first export parcel of Pars oil produced f

Published 19 Jun, 2018 03:46pm

Energy

Oil gains expected to drive up producer prices

SEOUL: A rally in crude oil prices is expected to drive up producer prices in South Korea, particularly for the petroche

Published 10 Jun, 2018 04:04pm

Energy

Saudi Aramco agrees gasoline term with Pertamina for the first time

SINGAPORE: Saudi Aramco has agreed a term contract with Indonesia's Pertamina for the first time to supply gasoline over

Published 06 Jun, 2018 03:40pm

Energy

Asian LNG prices rally to four-year seasonal high as demand soars

SINGAPORE: Asian liquefied natural gas (LNG) prices have risen to their highest since 2014 for this time of the year as

Published 05 Jun, 2018 12:13pm

Energy

Middle East Crude-Dubai gains, ADNOC raises prices

SINGAPORE: Middle East crude benchmark Dubai's premium to swaps rose on Tuesday following increased trade activity on wi

Published 05 Jun, 2018 12:09pm

Energy

Asia Distillates-Jet fuel margins edge up, cash discounts narrow

BENGALURU: Asian refining margins for jet fuel inched higher on Tuesday after falling to the lowest in more than two mon

Published 05 Jun, 2018 12:01pm

Energy

Iran sells first cargo of West Karoun oil to Spain's Repsol

NEW DELHI/ANKARA: Iran has awarded its first cargo of West Karoun oil to Spain's Repsol, two sources familiar with the m

Published 04 Jun, 2018 12:42pm

Energy

Asia Naphtha/Gasoline-Naphtha firms, gasoline on downward spiral

SINGAPORE: Asia's naphtha crack recovered to a two-session high of $94.82 a tonne on Monday after dipping to its lowest

Published 04 Jun, 2018 12:36pm

Energy

India BPCL seeks extra Iran oil amid sanctions threat

NEW DELHI: Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the Nationa

Published 01 Jun, 2018 03:26pm

Energy

Asia Fuel Oil-Crack, arbitrage spread firm on tight supply outlook

SINGAPORE: The front-month fuel oil crack and East-West (EW) arbitrage spread firmed on Monday, boosted by a tight near-

Published 28 May, 2018 12:22pm

Energy

Asia Distillates-Jet slips on ample supply, gasoil cash premiums lower

SINGAPORE: Asia's jet fuel market slipped on Monday as concerns over ample near-term supplies weighed on cash premiums a

Published 28 May, 2018 11:58am

Energy

Asia energy firms dive with oil, Trump-Kim hopes provide optimism

HONG KONG: Energy firms plunged with oil prices in Asia Monday after Saudi Arabia and Russia signalled they could lift o

Published 28 May, 2018 09:22am

Energy

GLOBAL LNG-Prices firm on Chinese, South Korean demand

SINGAPORE/LONDON: Asian spot liquefied natural gas (LNG) prices breached the $$9 per million British thermal unit (mmBtu

Published 25 May, 2018 12:39pm

Energy

July Brent crude's premium to Dubai crude falls to two-month low

SINGAPORE: Brent crude oil's premium to Dubai crude fell to the lowest in more than two months after the international b

Published 25 May, 2018 12:35pm

Energy

Asia Fuel Oil-Crack trims losses as crude tumbles

SINGAPORE: Discounts for the front-month 380-cst fuel oil crack to Brent crude narrowed amid weaker crude oil prices on

Published 25 May, 2018 12:31pm

Energy

Middle East Crude-Benchmarks edge down; Total offers Abu Dhabi cargoes

SINGAPORE: Middle East crude benchmarks edged down on Friday while Brent crude oil's premium to Dubai fell to the lowest

Published 25 May, 2018 12:28pm

Energy

Asia Naphtha/Gasoline-Naphtha premiums stay high on supply crunch

SINGAPORE: Asia's naphtha stayed firm on tight supplies as reflected in this week's spot deals where premiums were highe

Published 25 May, 2018 12:27pm

Energy

India ONGC awards tender to sell Brazil's Ostra oil to Shell

NEW DELHI/SINGAPORE: India's top explorer Oil and Natural Gas Corp has awarded its first mini-term tender to sell Brazil

Published 25 May, 2018 12:19pm

Energy

Asia Distillates-Gasoil market steady amid supportive fundamentals

SINGAPORE: Asia's gasoil market held steady on Friday with time spreads, refining margins and cash premiums little chang

Published 25 May, 2018 12:10pm

Energy

India's petrol, diesel prices surge to record

NEW DELHI: Pump prices of petrol and diesel in India surged to a record high on Thursday, raising pressure on the govern

Published 24 May, 2018 11:54am

Energy

Middle East Crude-Light grades under pressure

SINGAPORE: Russian and Middle East light grades came under pressure on Thursday, faced with competition from rising arbi

Published 24 May, 2018 11:45am

Energy

Asia Naphtha/Gasoline-Indian naphtha premiums near four-year high

SINGAPORE: Asia's naphtha crack was at a two-session high of $114.80 a tonne on Thursday, only 0.6 percent shy of a 5-1/

Published 24 May, 2018 11:39am

Energy

Thailand to use fuel subsidy to help consumers as global oil price rises

BANGKOK: Thailand will use a state oil fund to support domestic retail fuel prices to help consumers cope with rising gl

Published 22 May, 2018 03:18pm

Energy

Angola LNG offers cargo for July delivery

SINGAPORE: Angola's sole liquefied natural gas (LNG) project has offered a cargo for delivery in early to mid July, two

Published 21 May, 2018 03:06pm

Energy

Asia Naphtha/Gasoline-Cracks gain; S-Oil shuts lubricant unit

SINGAPORE: Asia's naphtha crack rose for a third straight session to reach $112.38 a tonne on Monday, the highest since

Published 21 May, 2018 02:40pm

Energy

As Rosneft's Vietnam unit drills in disputed area of South China Sea, Beijing issues warning

HANOI: Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft, is concerned that its recent drilling in an area of

Published 17 May, 2018 12:04pm

Energy

BP says its Azeri oil output rises to 597,000 bpd in Q1

BAKU: BP said on Thursday that its oil output at its projects in Azerbaijan rose to 597,000 barrels per day (bpd) in the

Published 17 May, 2018 12:00pm

Energy

Middle East Crude-Benchmarks extend gains; light grades weaken

SINGAPORE: The Middle East crude benchmarks extended gains on Thursday, showing price strength in medium-heavy grades, a

Published 17 May, 2018 11:50am

Energy

Asia Naphtha/Gasoline-Gasoline at 3-1/2 month high amid Indonesian spot demand

SINGAPORE: Asia's gasoline crack hit a 3-1/2 month high of $9.86 a barrel on Thursday, driven by demand as Indonesia was

Published 17 May, 2018 11:46am

Energy

Asia-Pacific Crude-Malaysia's Kimanis supply to increase in July

SINGAPORE: The Asia-Pacific crude market remained steady with more cargoes of Malaysia's Kimanis crude expected to enter

Published 16 May, 2018 09:47am

Energy

Japan's Fuji Oil buys 1.5mn barrels July-loading Murban crude

SINGAPORE: Japanese refiner Fuji Oil has bought three 500,000-barrel cargoes of July-loading Murban at premiums of 20 ce

Published 16 May, 2018 09:45am

Energy

Oil dips on signs of ample supply despite OPEC cuts, Iran sanctions

SINGAPORE: Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cart

Published 16 May, 2018 01:51am

Energy

Asia Naphtha/Gasoline-Naphtha slips but gasoline gains

SINGAPORE: Asia's naphtha crack slipped to $108.35 a tonne on Monday after reaching $109.40 on Friday, its highest since

Published 14 May, 2018 11:03am

Energy

ADNOC trims July 2018 to June 2019 naphtha offers for second time

SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has cut offers for naphtha scheduled for July 2018 to June 2019 for a secon

Published 09 May, 2018 01:22pm

Energy

Condensate steady amid lower demand

SINGAPORE: The Asia-Pacific crude oil market remained steady on Tuesday with a July-loading North West Shelf condensate

Published 08 May, 2018 02:49pm

Energy

GAIL sells 90pc of 2018/19 US LNG volumes through swaps

MUMBAI: India's Gail Ltd's executive says the company has sold 90 percent of US liquefied natural gas (LNG) volumes thro

Published 08 May, 2018 01:27pm

Energy

Asia Distillates-Jet fuel cash premiums dip

SINGAPORE: Asia's cash differentials for jet fuel slipped on Tuesday, while the prompt month spread narrowed its backwar

Published 08 May, 2018 01:10pm

Energy

Middle East Crude-Benchmarks stay firm; ADNOC hikes OSP

SINGAPORE: The Middle East crude benchmarks stayed firm on Friday after Abu Dhabi raised its official selling price for

Published 04 May, 2018 01:53pm

Energy

Asia Gold-Weaker prices fail to revive demand; Indian premiums widen

MUMBAI/BENGALURU: Demand for physical gold barely changed in major Asian hubs this week even as global prices weakened,

Published 04 May, 2018 01:46pm

Energy

Asia Distillates-Gasoil cash premiums edge higher on limited supply

SINGAPORE: Asia's cash premiums for 10ppm gasoil climbed on Friday as refinery turnarounds in the region kept supplies t

Published 04 May, 2018 01:32pm

Energy

Singapore fuel oil inventories rise, snap 5-week decline

SINGAPORE: Singapore weekly onshore fuel oil inventories rose 2 percent, or 334,000 barrels (about 50,000 tonnes), to a

Published 03 May, 2018 03:20pm

Energy

China's Sinopec plans to cut Saudi crude oil volumes for 2nd mth in June

SINGAPORE: Sinopec, Asia's largest refiner, plans to cut the volume of Saudi crude oil it loads in June by 40 percent fo

Published 03 May, 2018 03:06pm

Energy

Asia-Pacific Crude-Steady; Vietnam tenders eyed

SINGAPORE: Trade in the Asia-Pacific crude market was muted on Thursday as traders waited for the results of Vietnamese

Published 03 May, 2018 03:00pm

Energy

Asia Naphtha/Gasoline-Naphtha up; active gasoline deals

SINGAPORE: Asia's naphtha crack hit a one-month high of $88.25 a tonne supported by demand as most buyers have maximized

Published 03 May, 2018 02:41pm

Energy

Indonesia raises April Minas crude price to $68.39/bbl

SINGAPORE: Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at $68.39 a barrel for April,

Published 03 May, 2018 02:40pm

Energy

Exxon pushes ahead with Rosneft LNG project despite sanctions

BEIJING/LONDON: Exxon Mobil is pushing ahead with efforts to develop its $15 billion Far East Liquefied Natural Gas (LNG

Published 03 May, 2018 01:31pm

Energy

Oil prices fall on rising US crude inventories, record production

SINGAPORE: Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S.

Published 03 May, 2018 01:29am

Energy

Middle East Crude-Benchmarks strengthen; Saudi may raise OSPs

SINGAPORE: The Middle East crude market kicked off trade this month on a strong note, with both benchmarks topping $1 a

Published 02 May, 2018 02:24pm

Energy

Qatar raises April Marine crude price to $68.45/bbl, land crude to $70.80/bbl

SINGAPORE: Qatar has set its April retroactive official selling price (OSP) for Marine crude at $68.45 a barrel, up $5.6

Published 02 May, 2018 02:05pm

Energy

Oil pares gains, market supported by Iran worries

TOKYO: Oil prices held steady on Tuesday as the dollar remained near a four-month high, with crude supported by worries

Published 01 May, 2018 12:44pm

Energy

India BPCL to shut Bina refinery from mid-Sept for 45 day

MUMBAI: India's Bharat Petroleum Corp Ltd will shut its 120,000 barrels per day (bpd) joint venture Bina refinery from m

Published 01 May, 2018 12:13pm

Energy

ExxonMobil to launch flow meter system for gasoil bunkering barges in May

SINGAPORE: ExxonMobil is launching a mass flow metering (MFM) system for marine gasoil (MGO) refuelling barges in Singap

Published 30 Apr, 2018 01:44pm

Energy

ADNOC may set naphtha offers at sharply higher levels vs last year

SINGAPORE: Abu Dhabi National Oil Co (ADNOC) is expected to peg offers for naphtha lifting from July 2018 to June 2019 a

Published 30 Apr, 2018 01:16pm

Energy

Asia-Pacific Crude-June Chim Sao, Ruby premiums down

SINGAPORE: The Asia-Pacific crude market was mixed on Wednesday with some grades trading higher and others such as Vietn

Published 25 Apr, 2018 02:07pm

Energy

Sinopec plans to extend cuts in Saudi crude oil imports to June, July

SINGAPORE: China's Sinopec, Asia's largest refiner, plans to continue to cut their Saudi Arabian crude oil purchases for

Published 25 Apr, 2018 11:41am

Energy

Asia Distillates-Jet fuel cash premiums extend gains on tighter supply

SINGAPORE: Asia's jet fuel cash premiums rose on Wednesday to the highest in nearly three weeks as seasonal refinery tur

Published 25 Apr, 2018 11:35am

Energy

CNOOC calls on Beijing to speed up reform of fuel pricing amid glut

BEIJING: China should speed up the liberalisation of its retail fuel pricing scheme as high diesel and gasoline prices h

Published 23 Apr, 2018 02:55pm

Energy

Middle East Crude-Benchmarks edge down; IOC skips Basra Light purchase

SINGAPORE: Middle East crude benchmarks edged down on Monday, with most of the June-loading cargoes traded while some re

Published 23 Apr, 2018 02:10pm

Energy

Asia Naphtha/Gasoline-Cracks gain but gasoline supply ample

SINGAPORE: Asia's naphtha crack was at its highest since April 13 on Monday at $71.75 a tonne on strong demand.

Sou

Published 23 Apr, 2018 01:46pm

Energy

Shell snaps up more than 8mn bbls Mideast, Russia oil in Asia

SINGAPORE: Royal Dutch Shell has snapped up more than 8 million barrels of Middle East and Russian crude oil loading in

Published 20 Apr, 2018 01:45pm

Energy

India's Iran oil imports fell 15.7pc in fiscal year 2017/18

NEW DELHI: India's oil imports from Iran during the 2017/18 fiscal year fell by 15.7 percent from a year ago as state re

Published 20 Apr, 2018 01:22pm

Energy

Asia's gasoline glut drags refining margins to 3-month low

SINGAPORE: Gasoline profits for Asia's oil refiners hit their lowest since 2016, while refining margins have touched a t

Published 20 Apr, 2018 01:20pm

Energy

Asia-Pacific Crude-Malaysia offers condensate; Thailand, Taiwan seek sweet crude

SINGAPORE: The Asia-Pacific crude market remained steady on Friday with Malaysia offering a condensate cargo for June, w

Published 20 Apr, 2018 12:10pm

Energy

China's CNOOC executive says expects lower gas output in Q2 compared with Q1

BEIJING: China's offshore oil and gas company CNOOC expects lower output from its gas field in the second quarter from t

Published 20 Apr, 2018 11:38am

Energy

Brent crude's premium to Dubai quotes hits widest since Jan 2016

SINGAPORE: Brent crude's premium to Dubai quotes rose to $4.30/bbl, the widest since January 2016, on the strength in th

Published 19 Apr, 2018 02:41pm

Energy

Middle East Crude-Dubai dips further; IRPC buys 3 cargoes

SINGAPORE: The Middle East crude benchmark Dubai weakened for a second session even as Oman's premium to Dubai quotes re

Published 19 Apr, 2018 02:39pm

Energy

Asia Naphtha/Gasoline-Naphtha extends losses; likely to stay weak

SINGAPORE: Asia's naphtha crack fell for a fourth straight session to a nearly 2-1/2 month low of $65.90 a tonne on Thur

Published 19 Apr, 2018 02:31pm

Energy

Asia-Pacific Crude-Pertamina offers May Banyu Urip; ESPO premium falls

SINGAPORE: Asia-Pacific crude held steady on Thursday with cargoes offered by Pertamina and Petronas via tenders bumping

Published 19 Apr, 2018 02:27pm

Energy

Asian markets boosted by energy firms as oil surges

HONG KONG: markets enjoyed another day of gains Thursday as energy firms tracked a surge in oil prices, while fears over

Published 19 Apr, 2018 08:45am

Energy

Switch to LNG for shipping fuel not enough to meet strict carbon regulations

SINGAPORE: Switching to liquefied natural gas (LNG) to fuel ocean-going vessels may not be enough for shippers to comply

Published 17 Apr, 2018 11:57am

Energy

Middle East Crude-Benchmarks rise; Basra Light sells at record premium

SINGAPORE: The Middle East crude benchmarks rose on Tuesday, close to the highest premiums seen earlier this month, as r

Published 17 Apr, 2018 11:01am

Energy

Papua New Guinea LNG project resumes exports

SINGAPORE: A liquefied natural gas (LNG) tanker has left Papua New Guinea laden with the first export cargo of the super

Published 16 Apr, 2018 02:40pm

Energy

Oil markets tense after western strikes on Syria, rising US drilling weighs

SINGAPORE: Oil fell more than 1 percent on Monday as markets opened following western air strikes in Syria over the week

Published 16 Apr, 2018 02:38pm

Energy

Middle East Crude-Most grades trade at premiums for June

SINGAPORE: The Middle East crude market stayed firm on Monday with most of the June-loading grades trading at premiums,

Published 16 Apr, 2018 12:42pm

Energy

Azerbaijan's oil output up 2.4pc y/y in Q1

BAKU: Azerbaijan increased its oil production by 2.4 percent in the first quarter of 2018 year on year to 9.7 million to

Published 16 Apr, 2018 12:33pm

Energy

Asia Distillates-Jet fuel cash premiums drop on weaker demand expectations

SINGAPORE: Asia's jet fuel cash premiums dipped on Monday on concerns that the aviation fuel market may lose steam over

Published 16 Apr, 2018 11:55am

Energy

Asia Fuel Oil-Fuel oil crack slips, trade activity muted

SINGAPORE: Trade activity in the fuel oil paper markets was muted on Thursday with the front-month fuel oil crack wideni

Published 12 Apr, 2018 04:16pm

Energy

Asia Naphtha/Gasoline-Cracks down; gasoline hit harder due to glut

SINGAPORE: Asia's naphtha crack fell to a one-month low of $79.05 a tonne on Thursday while gasoline was hit harder by s

Published 12 Apr, 2018 04:10pm

Energy

Iran's oil minister says $60 is a good price for crude oil

NEW DELHI: Iranian Oil Minister Bijan Zangeneh said on Wednesday that $60 a barrel is a good price for oil currently as

Published 11 Apr, 2018 02:03pm

Energy

Indonesia oil lifting at 750,600 bpd in first quarter

JAKARTA: Indonesia's crude oil lifting reached 750,600 barrels per day, while natural gas lifting was at 1,139,000 barre

Published 11 Apr, 2018 01:46pm

Energy

Texas LNG signs non-binding deals with Chinese, Southeast Asian buyers

SINGAPORE: Texas LNG has signed eight non-binding deals with potential buyers of liquefied natural gas (LNG) in China, s

Published 11 Apr, 2018 01:29pm

Energy

PNG LNG terminal expected to restart in May after earthquake shut down

SINGAPORE: Exxon Mobil expects to restart production from its PNG LNG project in Papua New Guinea at the beginning of Ma

Published 11 Apr, 2018 01:00pm

Energy

Some CNOOC LNG cargoes will be sold on Shanghai gas exchange next week

BEIJING: The Shanghai Petroleum and Gas Exchange said on Wednesday several cargoes of CNOOC's liquefied natural gas (LNG

Published 11 Apr, 2018 12:59pm

Energy

China's CNOOC plans LNG sale on Shanghai gas exchange next week

BEIJING: China National Offshore Oil Corp (CNOOC) will next week auction one or two cargoes of liquefied natural gas (LN

Published 11 Apr, 2018 12:45pm

Energy

Asia Fuel Oil-Fuel oil crack firms on rising demand, tighter supply

SINGAPORE: The front-month fuel oil crack to Brent crude firmed on Wednesday amid expectations of rising seasonal summer

Published 11 Apr, 2018 12:40pm

Energy

IEA's Birol says oil supply a concern as demand growing while output falls

NEW DELHI: Global oil supply remains a concern amid OPEC and Russian-led output reductions, with production falling from

Published 11 Apr, 2018 12:34pm

Energy

Asia-Pacific Crude-Steady awaiting June cargoes to trade

SINGAPORE: The Asia-Pacific crude market remained steady on Wednesday as traders waited for June cargoes to trade. VI

Published 11 Apr, 2018 12:05pm

Energy

Asia Naphtha/Gasoline-Naphtha premium stays firm; gasoline sinks

SINGAPORE: Asia's naphtha crack for front-month second-half May on Wednesday hit a two-week low of $82.33 a tonne, dragg

Published 11 Apr, 2018 11:49am

Energy

Sinopec plans overhaul at largest refinery as it cuts Saudi oil

BEIJING: Sinopec Corp will shut down its largest refinery for maintenance throughout May, and at least four independent

Published 11 Apr, 2018 11:47am

Energy

Middle East Crude-Cash Dubai edges higher on Totsa's buying

SINGAPORE: The Middle East market rose on Wednesday with oil major Totsa propping up cash Dubai prices by snapping up 14

Published 11 Apr, 2018 11:45am

Energy

Asian markets flutter after Xi-inspired rally

HONG KONG: Energy firms soared with oil prices in Asia on Wednesday but broader markets flitted between gains and losses

Published 11 Apr, 2018 08:22am

Energy

China coal imports to fall this year amid concerns about curbs

BEIJING: China's coal imports are expected to fall by 8 percent this year, a senior industry official said on Tuesday, a

Published 10 Apr, 2018 02:59pm

Energy

Oil prices rise by more than 1 pct on hopes US trade spat with China may ease

SINGAPORE: Oil markets rose by more than 1 percent on Tuesday, extending strong gains from the previous session, on hope

Published 10 Apr, 2018 07:30am

Energy

Brighter LNG and oil prices, wary public threaten Harbour's Santos deal

SINGAPORE: The revised $10.4 billion bid by Harbour Energy for Australian liquefied natural gas (LNG) producer Santos Lt

Published 09 Apr, 2018 03:32pm

Energy

China's CNOOC seeks LNG cargoes for up to 2022

SINGAPORE: China National Offshore Oil Corp (CNOOC) is seeking liquefied natural gas (LNG) cargoes for delivery for up t

Published 09 Apr, 2018 12:32pm

Energy

Oil prices firm, but trade dispute and Syria keep market on edge

SINGAPORE: Oil markets stabilised on Monday after slumping around 2 percent last Friday on concerns over an intensifying

Published 09 Apr, 2018 12:15pm

Energy

Asia-Pacific Crude-Australia to load fewer cargoes in June

SINGAPORE: The Asia-Pacific crude market is expected to tighten as Australia is likely to load fewer cargoes in June, tr

Published 09 Apr, 2018 12:14pm

Energy

Asia Fuel Oil-180-cst cash premium slips from near 10-month high

SINGAPORE: Asia's 180-cst fuel oil market snapped six straight sessions of gains on Monday, retreating from a near 10-mo

Published 09 Apr, 2018 11:49am

Energy

Oil drops after US President Trump threatens new China trade tariffs

SEOUL: Oil prices fell on Friday after US President Donald Trump's threat of new tariffs on China reignited fears of a t

Published 06 Apr, 2018 02:45pm

Energy

Middle East Crude-Benchmarks rise after unexpected Saudi price hike

SINGAPORE: The Middle East crude benchmarks rose on Friday with both Oman and Dubai rising to 90-95 cents a barrel above

Published 06 Apr, 2018 10:17am

Energy

Saudi's May crude oil price hike for Asia confounds traders

SINGAPORE: Asian oil traders are stumped by how Saudi Arabia derived its official selling prices (OSP) for May after the

Published 06 Apr, 2018 10:17am

Energy

Brent oil to test resistance at $68.86

SINGAPORE: Brent oil is expected to test a resistance at $68.86 per barrel, a break above which could lead to a gain to

Published 05 Apr, 2018 02:05pm

Energy

Oil gains on US crude drawdown, easing of tension in US-China spat

TOKYO: Oil prices rose on Thursday, buoyed by the US government data showing a surprise drawdown in crude stockpiles and

Published 05 Apr, 2018 01:12pm

Energy

Exxon imports LNG to keep tanks cool at Papua New Guinea plant

SINGAPORE: ExxonMobil said on Thursday that it has imported a liquefied natural gas (LNG) cargo to keep tanks cold at it

Published 05 Apr, 2018 12:12pm

Energy

Middle East Crude-Benchmarks little changed; Saudi OSPs awaited

SINGAPORE: The Middle East crude benchmarks were little changed on Thursday as traders waited for Saudi Aramco to announ

Published 05 Apr, 2018 10:48am

Energy

Malaysia's Petronas delivers first LNG cargo to Japan's Hokuriku Electric

KUALA LUMPUR: Malaysian state-owned oil company Petroliam Nasional Bhd (Petronas) said on Tuesday it has delivered its f

Published 03 Apr, 2018 12:21pm

Energy

Asia Distillates-Jet fuel cash premiums gain to highest in 3 weeks

SINGAPORE: Asia's jet fuel premiums climbed to the highest in over three weeks after some stronger bids on Tuesday. C

Published 03 Apr, 2018 11:09am

Energy

Bangladesh tenders for up to 1.52mn T oil products

DHAKA: Bangladesh Petroleum Corp (BPC) issued an international tender on Monday to import as much as 1.52 million tonnes

Published 02 Apr, 2018 03:30pm

Energy

Tanker docks at ExxonMobil's Papua New Guinea LNG export terminal

SINGAPORE: A liquefied natural gas (LNG) tanker has docked at ExxonMobil's Papua New Guinea export plant, which has been

Published 02 Apr, 2018 11:55am

Energy

Saudi Arabia seen cutting May crude prices to Asia

SINGAPORE: Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to refle

Published 02 Apr, 2018 11:18am

Energy

China's Sinopec aims for shale gas output of 10 bcm by 2020

BEIJING: China's Sinopec aiming for shale gas output of 10 billion cubic metres (bcm) by 2020, the company said in a pre

Published 02 Apr, 2018 11:08am

Energy

Middle East Crude-Dubai flips to premium; June cargoes sell out

SINGAPORE: The Middle East crude benchmarks kicked off trade this month on a strong note, with Dubai flipping back to a

Published 02 Apr, 2018 10:57am

Energy

Japan's Inpex to begin design work for Abadi LNG project

TOKYO: Japan's biggest oil and gas explorer, Inpex Corp, says to begin preliminary front end engineering design (Pre-FEE

Published 30 Mar, 2018 12:02pm

Energy

Shanghai September crude oil futures rise 3pc on petro yuan scheme

BEIJING: Shanghai September crude oil futures rose 3 percent by the midday break on Friday as investors placed bullish b

Published 30 Mar, 2018 11:47am

Energy

GLOBAL LNG-Asian prices slip as surplus cargoes build

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) slipped for a fourth consecutive week as surplus spot cargo

Published 29 Mar, 2018 02:11pm

Energy

CNOOC misses capex target in 2017, posting weaker H2 profits

BEIJING: Chinese oil major CNOOC reported 8.4 billion yuan in net profit in the second half of 2017, down sharply from 1

Published 29 Mar, 2018 01:15pm

Energy

Asia-Pacific Crude-Malaysia offers Penara Blend for May

SINGAPORE: The Asia-Pacific sweet crude market remained steady on Wednesday, with more offers seen from Malaysia, trade

Published 28 Mar, 2018 10:33am

Energy

China raises retail gasoline, diesel prices

BEIJING: China will raise the retail price of gasoline by 170 yuan ($27.04) per tonne and of diesel by 165 yuan per tonn

Published 28 Mar, 2018 10:21am

Energy

Middle East Crude-Dubai slips, April Basra fetch premiums

SINGAPORE: Middle East crude benchmark Dubai slipped on Tuesday, while Basra crude was sold at premiums for the first ti

Published 27 Mar, 2018 12:27pm

Energy

China Feb fuel exports to North Korea tiny

BEIJING: China kept fuel exports to North Korea to a trickle and shipped no corn or rice to its isolated neighbour last

Published 26 Mar, 2018 12:20pm

Energy

Sinopec lifts capex after best posting annual profits since 2013

BEIJING: China's Sinopec Corp said on Sunday it would raise spending by 17.7 percent this year after posting its best a

Published 26 Mar, 2018 11:31am

Energy

Tokyo stocks up despite investor caution

Tokyo: Tokyo stocks rose on Monday as late bargain-hunting erased early losses, but investors remained cautious amid fea

Published 26 Mar, 2018 11:30am

Energy

Brent crude oil futures above $70 per barrel on Middle East tension

SINGAPORE: Oil prices rose on Monday with international Brent crude futures opening above $70 per barrel for the first t

Published 26 Mar, 2018 11:16am

Energy

Sinopec lifts capex after best posting annual profits since 2013

BEIJING: China's Sinopec Corp said on Sunday it would raise spending by 17.7 percent this year after posting its best a

Published 25 Mar, 2018 11:35am

Energy

Asia Fuel Oil-380-cst cash discount falls on lower deals

SINGAPORE: Asia's 380-centistoke (cst) fuel oil cash differential slid to its widest discount since July 2016 on Thursda

Published 22 Mar, 2018 12:22pm

Energy

China passes checks for first bonded LNG tank

BEIJING: China passed inspections for its first bonded liquefied natural gas (LNG) tank in its southernmost province Hai

Updated 22 Mar, 2018 01:48pm

Energy

South Korean stocks move tentatively, won weaker

SEOUL: Round-up of South Korean financial markets: South Korea's KOSPI stock index ended flat on Wednesday as investors

Published 21 Mar, 2018 10:55am

Energy

Oil edges up on Middle East tensions, but soaring US output still weighs

SINGAPORE: Oil prices edged up on Wednesday, lifted by tensions in the Middle East and healthy demand, although rising U

Published 21 Mar, 2018 10:45am

Energy

Asia-Pacific Crude-Vietnam's PV Oil sells Chim Sao at steady levels

SINGAPORE: The Asia-Pacific crude market remained steady on Wednesday with Vietnam's PV Oil selling a May-loading Chim S

Published 21 Mar, 2018 10:09am

Energy

Asian energy firms rally on oil surge, but market gains pared

HONG KONG: Energy firms in Asia rose on the back of a rush into oil after data indicated a jump in US demand, but region

Published 21 Mar, 2018 07:59am

Energy

Asia Fuel Oil-380-cst cash differential rebounds from 1-yr low

SINGAPORE: Asia's 380-cst cash differential rebounded on Tuesday from a one-year low touched in the previous session, as

Published 20 Mar, 2018 12:00pm

Energy

Middle East Crude-Taiwan seeks May-June cargo

SINGAPORE: The Middle East crude benchmarks held steady on Tuesday with Taiwan entering the spot market to seek a sour c

Published 20 Mar, 2018 11:51am

Energy

CNOOC starts production at new South China Sea oilfield

BEIJING: CNOOC started production from Weizhou 6-13 oilfield in the South China Sea, CNOOC said in a statement on Tuesda

Published 20 Mar, 2018 11:35am

Energy

Japan's February LNG imports rose to a record for the month

TOKYO: Japan's liquefied natural gas (LNG) imports rose to a one-year high in February, trade data from the Ministry of

Published 19 Mar, 2018 12:27pm

Energy

Oil prices fall as increased US drilling points to higher output

SINGAPORE: Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns

Published 19 Mar, 2018 12:00pm

Energy

Chevron sells May-loading Cossack cargo - traders

SINGAPORE: Chevron sold its May 4-8 loading Cossack crude oil cargo to oil trader Trafigura at a premium of $1.70 to $1.

Published 19 Mar, 2018 11:54am

Energy

Asia Fuel Oil-380-cst cash differential tumbles to 1-year low

SINGAPORE: Asia's 380c-st cash differential slid into a wide discount on Monday amid an absence of willing buyers despit

Published 19 Mar, 2018 11:24am

Energy

Asia-Pacific Crude-Cossack for May loading firms

SINGAPORE: Spot prices for light crude firmed on uncertainty of cargo availability from Papua New Guinea following an ea

Published 19 Mar, 2018 11:18am

Energy

Middle East Crude-Petron, PTT seek crude

SINGAPORE: The Middle East crude benchmarks held steady on Monday as more refiners such as Petron and PTT seek to buy sp

Published 19 Mar, 2018 11:07am

Energy

OPEC's Barkindo hopes for oil market stability this year

BAKU: OPEC Secretary-General Mohammad Barkindo said on Monday he hoped a global deal to reduce oil production would help

Published 19 Mar, 2018 10:55am

Energy

Asia-Pacific Crude-Premiums fall as demand slows in peak maintenance season

SINGAPORE: The Asia-Pacific crude premiums fell on Friday as demand slowed during the peak maintenance season, trade sou

Published 16 Mar, 2018 01:30pm

Energy

Middle East Crude-Benchmarks edge up, Upper Zakum in discount

SINGAPORE: Middle East crude benchmarks edged higher on Friday in flurry of trades while Upper Zakum and Qatar Marine re

Published 16 Mar, 2018 01:15pm

Energy

Vietnam oil firm sells 5pc interest at offshore block to Murphy Oil

HANOI: Vietnam's PetroVietnam Exploration Production Corp., or PVEP, has signed an agreement to sell a 5 percent working

Published 16 Mar, 2018 12:42pm

Energy

Shell says LNG buyers have not taken advantage of buyer's market

TOKYO: Royal Dutch Shell, the world's biggest liquefied natural gas (LNG) trader, said on Thursday buyers of the fuel ha

Published 15 Mar, 2018 12:10pm

Energy

Qatar sells May al-Shaheen crude at lower premiums

SINGAPORE: Qatar Petroleum has sold two cargoes of May-loading al-Shaheen crude at lower premiums than the previous mont

Published 15 Mar, 2018 12:03pm

Energy

Middle East Crude-Murban premium narrows slightly

SINGAPORE: The Middle East crude market was mixed on Thursday as the discount for light sour Murban narrowed slightly fo

Published 15 Mar, 2018 11:38am

Energy

China suspends oil price adjustment

BEIJING: China's top economic planner announced Wednesday that it would keep domestic retail oil prices unchanged as glo

Published 14 Mar, 2018 12:41pm

Energy

Gail India seeks two LNG cargoes for April-May delivery

SINGAPORE/LONDON: Gail (India) is seeking two liquefied natural gas (LNG) cargoes for delivery over April to May, trader

Published 14 Mar, 2018 10:45am

Energy

Oil stable on strong China data, but rising US output caps gains

SINGAPORE: Oil prices were stable on Wednesday after posting two days of declines at the start of the week, with support

Published 14 Mar, 2018 10:44am

Energy

Philippines says new oil, gas discovery has commercial quantities

MANILA: An oil field discovered in central Philippines in 2014 has been found to have commercial quantities of both natu

Published 14 Mar, 2018 09:43am

Energy

Asia-Pacific Crude-Malaysia offers May cargoes

SINGAPORE: Malaysia kicked off May trading by offering two crude cargoes for the month through tenders, trade sources sa

Published 14 Mar, 2018 09:42am

Energy

Mongolia's coal exports drop a third in February

ULAANBAATAR: Mongolian coal exports fell by a third in February, the country's statistics bureau said on Tuesday, with b

Published 13 Mar, 2018 01:04pm

Energy

Asia Naphtha/Gasoline-Gasoline recovers marginally; naphtha falls

SINGAPORE: Asia's naphtha crack hit a two-week low of $75.20 a tonne but gasoline crack rose after eight straight sessio

Published 13 Mar, 2018 12:43pm

Energy

US oil may rise to $62.26

SINGAPORE: US oil may break a resistance at $61.38 per barrel and rise towards the next resistance at $62.26, as suggest

Published 13 Mar, 2018 11:29am

Energy

China's gas consumption to grow 10pc in 2018

BEIJING: BMI Research expects China's gas consumption to grow by 10 pct in 2018. Robust growth in natural gas demand

Published 13 Mar, 2018 11:25am

Energy

Brent oil may retest resistance at $65.78

SINGAPORE: Brent oil may retest a resistance at $65.78 per barrel, as it has cleared a lower resistance at $64.88. Th

Published 13 Mar, 2018 11:25am

Energy

Petronas drops March crude price factor to $4.05/bbl

SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for March at $4.05 per barrel,

Published 13 Mar, 2018 11:11am

Energy

India's oil imports from Venezuela hit lowest in over 5 years

NEW DELHI: Indian imports of oil from Venezuela have fallen to their lowest levels in over half a decade, shipping and i

Published 13 Mar, 2018 09:48am

Energy

Oil prices dip on relentless rise in US crude output

SINGAPORE: Oil prices dipped on Tuesday, extending losses from the previous session, as the inexorable rise in US crude

Published 13 Mar, 2018 09:47am

Energy

Singapore reports record high marine fuel sales for month of February

SINGAPORE: Singapore sold a total of 4.136 million tonnes of marine fuels in February, the highest ever for the shortest

Published 13 Mar, 2018 09:26am

Energy

Summit Power to develop $3bn LNG-to-power Bangladesh project with Japan firms

SINGAPORE: Summit Power International said on Tuesday it signed a memorandum of understanding with Japan's Mitsubishi Co

Published 13 Mar, 2018 09:04am

Energy

India's GSPC to award late March LNG cargo tender-trade

LONDON: India's Gujarat State Petroleum Corporation is expected to pick a supplier for its tender seeking a l

Published 12 Mar, 2018 02:19pm

Energy

Asia Distillates-Jet cash premium slips, gasoil premium edges higher

SINGAPORE: Asia's jet fuel cash premiums extended losses on Monday, falling to a near five-week low as slowing seasonal

Published 12 Mar, 2018 12:25pm

Energy

Asia-Pacific Crude-Vietnam offers Chim Sao for May

SINGAPORE: The Asia-pacific market remained steady on Thursday as Vietnam offered its first cargoes for May, trade sourc

Published 08 Mar, 2018 12:57pm

Energy

US oil may gain more into $63.36-$63.82 range

SINGAPORE: US oil may break a resistance at $62.81 per barrel and gain more into a range of $63.36-$63.82, as suggested

Published 06 Mar, 2018 01:16pm

Energy

Indonesia power tariffs, fuel prices to stay unchanged for 2 years

JAKARTA: Indonesia plans to keep electricity tariffs and fuel prices unchanged this year and the next by hiking subsidie

Published 06 Mar, 2018 01:01pm

Energy

Oil inches up on strong demand forecasts, OPEC-led output cuts

SEOUL: Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPE

Published 06 Mar, 2018 12:20pm

Energy

China end-Jan refined oil inventory up 5.3pc from Dec

BEIJING: China's refined oil inventory in January rose to a 10-month high, led by record stocks of gasoline and kerosene

Published 06 Mar, 2018 12:06pm

Energy

Qatar cuts February crude prices less than expected

SINGAPORE: Qatar has set its February retroactive official selling price (OSP) for its Marine crude at $63.40 a barrel,

Published 06 Mar, 2018 11:38am

Energy

Sinopec starts operation of refined oil pipeline in east Zhejiang

BEIJING: China's Sinopec has started a new refined oil pipeline in east Zhejiang province, the company said in a press r

Published 06 Mar, 2018 11:30am

Energy

Asia Distillates-Jet extends losses, buying interest firms gasoil differential

SINGAPORE: Asia's jet fuel cash premiums extended losses on Tuesday, falling to an eight-session low as slowing seasonal

Published 06 Mar, 2018 11:13am

Energy

Oil prices climb ahead of OPEC meeting with US shale firms

SEOUL: Oil prices rose on Monday ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectatio

Published 05 Mar, 2018 10:26pm

Energy

Middle East Crude-Dubai weakens; ADNOC cuts OSPs

SINGAPORE: Middle East crude benchmark Dubai weakened on Monday, falling to a discount against swaps, while ADNOC cut of

Published 05 Mar, 2018 02:39pm

Energy

Taiwan's CPC buys April LNG cargo and seeks another for May

SINGAPORE: Taiwan's state-run CPC Corp bought a liquefied natural gas (LNG) spot cargo for delivery in April and is seek

Published 02 Mar, 2018 01:00pm

Energy

Exxon declares force majeure on exports from Papua LNG project

TOKYO/MELBOURNE: ExxonMobil Corp has declared force majeure on exports from its Papua New Guinea liquefied natural gas (

Published 02 Mar, 2018 12:02pm

Energy

Malaysia's Petronas ramps up spending as profit surges

KUALA LUMPUR: Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, pledged on Friday to ramp up its growt

Published 02 Mar, 2018 11:53am

Energy

Oil prices give up gains; set for weekly drop

TOKYO: US oil prices fell on Friday, taking declines to a fourth day as Asian share markets extended a sell-off on Wall

Published 02 Mar, 2018 11:40am

Energy

GLOBAL LNG-Global gas markets roiled by Papua quake, Europe deep-freeze

SINGAPORE: Global natural gas markets were roiled this week as an earthquake in Papua New Guinea caused a large-scale su

Published 02 Mar, 2018 11:27am

Energy

Asia-Pacific Crude-April cargoes clear; Vietnam keeps most of its supplies

SINGAPORE: Sweet crude cargoes are gradually clearing in the Asia-Pacific crude market, with most of the Vietnamese supp

Published 01 Mar, 2018 10:08am

Energy

Middle East Crude-Benchmarks steady ahead of OSPs

SINGAPORE: Middle East crude benchmarks started a new month of trading on Thursday holding at steady levels from the pre

Published 01 Mar, 2018 10:01am

Energy

Total targets final decisions on Myanmar, Ivory Coast LNG projects this year

SINGAPORE: France's Total expects to take a final investment decision (FID) on liquefied natural gas (LNG) import projec

Published 28 Feb, 2018 01:13pm

Energy

Middle East Crude-Benchmarks weaken; ESPO premiums fall

SINGAPORE: Middle East crude benchmarks closed for the month weaker on lower demand across Asia during a peak refinery m

Published 28 Feb, 2018 11:54am

Energy

LNG project investments thaw as Exxon eyes Mozambique, Qatar

SINGAPORE: Investments in new liquefied natural gas (LNG) projects are thawing out after three years of low prices, with

Published 28 Feb, 2018 11:46am

Energy

Vietnam's Feb crude oil output falls 1.9pc y/y to 1.05mn T

HANOI: Vietnam's crude oil output in February is estimated at 1.05 million tonnes (275,000 barrels per day), down 1.9 pe

Published 28 Feb, 2018 11:41am

Energy

Asia Distillates-Jet fuel cash premiums slip from decade high

SINGAPORE: Asia's jet fuel cash premium to Singapore benchmark prices eased from a decade high in the previous session i

Published 28 Feb, 2018 11:40am

Energy

Oil steady after hitting 3-wk top as Saudi to keep output well below cap

TOKYO: Oil prices steadied on Monday after hitting their highest level in nearly three weeks, supported by comments from

Published 26 Feb, 2018 02:00pm

Energy

SE Asia Stocks-Most rise; Vietnam ends at 1-month high

SINGAPORE: Most Southeast Asian stock markets rose in line with broader Asia on Monday as investors braced for an event-

Published 26 Feb, 2018 12:17pm

Energy

Asia-Pacific Crude-Sakhalin premium slips from near 2-year peak

SINGAPORE: The Asia Pacific crude market was mixed on Monday with premium for Sakhalin blend crude loading in May slippi

Published 26 Feb, 2018 11:54am

Energy

Vietnam's Nghi Son oil refinery ready for start-up from Feb. 28

HANOI: Vietnam's second oil refinery, Nghi Son Refinery and Petrochemical, will be ready for start-up from Feb. 28, its

Published 26 Feb, 2018 11:20am

Energy

Asia Naphtha/Gasoline-Naphtha down, but fundamentals seen stronger

SINGAPORE: Asia's naphtha crack slipped to a 1-1/2-week low of $68.78 a tonne, weighed down by high Brent crude prices a

Published 22 Feb, 2018 11:32am

Energy

Malaysia's Petronas sells April Cakerawala condensate

SINGAPORE: Malaysia's Petronas sold 320,000 barrels of Cakerawala condensate for loading over April 21 to 30, traders sa

Published 21 Feb, 2018 12:51pm

Energy

Asia-Pacific Crude-Condensate premiums slip on weaker naphtha

SINGAPORE: The Asia-Pacific condensate market slipped on Wednesday on the back of weaker naphtha margin though refinery

Published 21 Feb, 2018 12:22pm

Energy

Middle East Crude-Stays weak on lower demand in Asia

SINGAPORE: The Middle East crude market held steady on Wednesday with most grades for April trading at weaker levels tha

Published 21 Feb, 2018 12:17pm

Energy

Asia Naphtha/Gasoline-Crack recovers but supply ample

SINGAPORE: Asia's naphtha crack was at a two-session high of $69.55 a tonne on Wednesday after falling to a four-session

Published 21 Feb, 2018 11:34am

Energy

India's ONGC short-lists three oil service majors to lift output from two fields

MUMBAI: India's Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost out

Published 21 Feb, 2018 11:13am

Energy

Sri Lanka's tea output in January rises 11.9pc y/y

COLOMBO: Sri Lanka's tea output in January rose 11.9 percent from a year earlier, due to favourable agro-climatic condit

Published 20 Feb, 2018 01:26pm

Energy

Asia-Pacific Crude-Prices slip ahead of refinery maintenance

SINGAPORE: The Asia-Pacific crude market slipped on Tuesday as refinery maintenance in the region is expected to reduce

Published 20 Feb, 2018 12:25pm

Energy

Asia Naphtha/Gasoline-Naphtha in South Korea returns to premium levels

SINGAPORE: Asia's naphtha crack extended losses for the second day on Tuesday to reach a four-session low of $69.10 a to

Published 20 Feb, 2018 12:02pm

Energy

Middle East Crude-April al-Shaheen crude at lower premiums

SINGAPORE: Middle East crude benchmarks edged higher on Tuesday with Dubai underpinned by Shell's purchases although med

Published 20 Feb, 2018 11:54am

Energy

ExxonMobil acquires 2.5pc stake in the BTC oil pipeline

BAKU: US oil major ExxonMobil has acquired 2.5 percent stake in the Azeri Baku-Tbilisi-Ceyhan (BTC) pipeline from CIE

Published 19 Feb, 2018 02:00pm

Energy

Asia-Pacific Crude-April Kimanis value slips despite fewer cargoes

SINGAPORE: The Asia-Pacific crude market came under pressure, with April-loading Kimanis values slipping from the previo

Published 19 Feb, 2018 01:52pm

Energy

US oil hits 1 week high as dollar sags; many Asian markets shut

TOKYO: US crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian mar

Published 16 Feb, 2018 11:53am

Energy

Asia Fuel Oil-Visco spread climbs to 8-month high

SINGAPORE: Asia's front-month visco spread climbed to an eight-month high on Thursday after steady gains this week. T

Published 15 Feb, 2018 01:35pm

Energy

Global thermal coal market to grow 5 percent in 2018

GOA: The global thermal coal market will grow by about 48 million tonnes this year, 5 percent more than last year, the c

Published 13 Feb, 2018 06:04am

Energy

Asia Distillates-Jet fuel stays strong on firm demand

SINGAPORE: Asia's jet fuel cash premium to Singapore benchmark prices started the week at a three-session high of 95 cen

Published 12 Feb, 2018 02:53pm

Energy

Oil India shares rise on strong Q3 results

Shares of Oil India rise as much as 2.9 pct to 365.5 rupees. Q3 profit jumped 55 pct to 7.05 bln rupees ($109.70 mln),

Published 12 Feb, 2018 05:23am

Energy

China to launch own oil futures

BEIJING: China will launch its own crude oil futures in March, the securities regulator said Friday, as the energy-h

Published 09 Feb, 2018 07:03pm

Energy

Middle East Crude-Dubai falls to lowest in 3 mths on weak outlook

SINGAPORE: Middle East crude benchmark Dubai fell to the lowest in more than three months on Friday in the absence of de

Published 09 Feb, 2018 02:03pm

Energy

GLOBAL LNG-Price rebounds as North Asian buyers replenish inventory

SINGAPORE: Asian spot liquefied natural gas (LNG) prices rebounded this week as persistently cold weather in North Asia

Published 09 Feb, 2018 01:56pm

Energy

China cuts retail prices of gasoline, diesel, state planner says

BEIJING: China will cut the retail prices of gasoline by 170 yuan ($27.01) per tonne and diesel by 160 yuan per tonne fr

Published 09 Feb, 2018 01:44pm

Energy

Asia Naphtha/Gasoline-Cracks extend gain on weaker oil prices

SINGAPORE: Asia's naphtha crack extended gains to a three-session high of $70.75 a tonne on Friday after hitting a near

Published 09 Feb, 2018 01:37pm

Energy

Asia Distillates-Gasoil cracks end week lower as inventories climb

SINGAPORE: Gasoil cracks ended the week lower on sluggish regional demand and rising inventories of the fuel in key stor

Published 09 Feb, 2018 01:35pm

Energy

Angola LNG sells February-loading cargo to Chinese company

SINGAPORE/LONDON: Angola LNG sold an early February-loading cargo to a Chinese company, two traders said on Friday. T

Published 09 Feb, 2018 01:34pm

Energy

Asia Distillates-Jet fuel market eases from recent highs

SINGAPORE: Asia's jet fuel market eased on Thursday, edging away from recent highs after several sessions of sharp gains

Published 08 Feb, 2018 02:14pm

Energy

Japan's Ichthys LNG project costs blow out further

TOKYO: The giant Ichthys liquefied natural gas (LNG) project in Australia, the first to be led by a Japanese company, In

Published 08 Feb, 2018 02:10pm

Energy

India to auction 60 small discovered oil, gas fields

NEW DELHI: India will auction 60 discovered small oil and gas fields with the potential to produce 194.65 million tonnes

Published 07 Feb, 2018 03:05pm

Energy

Azerbaijan ships 80,000 T of oil via Russia in Jan

BAKU: Azerbaijan's state oil company SOCAR shipped 80,000 tonnes of oil via Russia in January, almost the same amount as

Published 07 Feb, 2018 01:11pm

Energy

Oil prices rise on report of lower US crude inventories

SINGAPORE: Oil prices rose on Wednesday, lifted by a report that US crude inventories fell last week, although analysts

Published 07 Feb, 2018 12:50pm

Energy

Middle East Crude-Benchmarks weaken ahead of April trading

SINGAPORE: Middle East crude benchmarks weakened on Wednesday on low buying interest on Platts window, a sign that some

Published 07 Feb, 2018 12:18pm

Energy

Asia Naphtha/Gasoline-Naphtha dives; Formosa seeks term, spot lots

SINGAPORE: Asia's naphtha crack slumped 19 percent and was near a seven-month low, dragged down by lucrative alternative

Published 07 Feb, 2018 11:36am

Energy

Japan's JXTG to let Hokkaido Gas use its LNG terminal

TOKYO: Japan's JXTG Nippon Oil & Energy Corp says it agreed to allow Hokkaido Gas Co co-use its Kushiro LNG terminal

Published 06 Feb, 2018 02:18pm

Energy

Asia-Pacific Crude-PV Oil offers more Chim Sao for April

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday as traders worked on a flurry of tenders from Vietnam an

Published 06 Feb, 2018 01:36pm

Energy

Asia Fuel Oil-Fuel oil cracks rebound as crude tumbles

SINGAPORE: Asia's front-month high-sulphur fuel oil crack narrowed its discount to Brent crude on Tuesday for second str

Published 06 Feb, 2018 01:30pm

Energy

Oil prices fall more than 1 pct amid global market rout

SINGAPORE: Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global fin

Published 06 Feb, 2018 05:45am

Energy

GLOBAL LNG-March price eases but bitter cold arrests decline

SINGAPORE: Asian spot LNG prices eased further this week on expectations of reduced buying but plunging temperatures in

Published 02 Feb, 2018 04:02pm

Energy

Petrol prices gush higher in energy-rich Turkmenistan

ASHGABAT: Prices at petrol pumps in Turkmenistan soared by around 50 percent on Thursday as the energy-rich Central Asia

Published 01 Feb, 2018 12:23pm

Energy

China approves 5.2mn T of open-pit coal mines in Xinjiang

BEIJING: China approved three open-pit coal mines with total capacity of 5.2 million tonnes per year in the Xinjiang reg

Published 30 Jan, 2018 08:29am

Energy

China's Shanxi province asks coal miners to cut or shorten holidays

BEIJING: China's second-biggest coal producing province, Shanxi, has asked coal miners to shorten or get rid of staff ho

Published 30 Jan, 2018 05:18am

Energy

Asia shares extend bull run, dollar huddles near lows

SYDNEY: Asian shares extended their bull run on Monday amid upbeat corporate earnings and strong global economic growth,

Published 29 Jan, 2018 06:48am

Energy

Oil dips as short-term demand outlook weakens

SINGAPORE: Oil prices fell on Friday as market fundamentals are expected to weaken with the upcoming end of the peak dem

Published 26 Jan, 2018 05:46am

Energy

Asian dealers resume dollar-selling after Trump rally

HONG KONG: The dollar edged back down in Asian trade Friday as a Donald Trump-inspired surge petered out with analys

Published 26 Jan, 2018 05:32am

Energy

China's 2017 coal imports from Russia surge after N.Korea ban

BEIJING: China's coal imports from Russia and Mongolia soared in 2017, customs data showed on Thursday, as the two count

Published 25 Jan, 2018 07:07am

Energy

S.Korea's KOSPO seeks to buy 435,000 T/Y coal for 2018-2020

SEOUL: Korea Southern Power Co Ltd (KOSPO) is seeking to buy a total of 435,000 tonnes of coal via three-year term tend

Published 25 Jan, 2018 05:20am

Energy

India's ONGC raises $2.38bn from banks to buy refinery stake

NEW DELHI: India's top explorer Oil and Natural Gas Corp (ONGC) has secured a $2.83 billion loan from three banks to par

Published 23 Jan, 2018 04:10pm

Energy

Middle East Crude-March Banoco AM discount widens

SINGAPORE: Middle East crude benchmarks were little changed on Tuesday with Dubai underpinned by Total's purchases altho

Published 23 Jan, 2018 03:46pm

Energy

Asia-Pacific Crude-Holds firm as tenders in focus

SINGAPORE: The Asia-Pacific crude market held steady on Monday as traders look ahead to tenders for more price direction

Published 22 Jan, 2018 03:28pm

Energy

Asia Naphtha/Gasoline-Naphtha down despite demand; gasoline gains

SINGAPORE: Asia's naphtha crack started the week at a three-session low of $90.28 a tonne as supplies remained ample eve

Published 22 Jan, 2018 03:27pm

Energy

Asia Fuel Oil-Time spreads, cracks start week firmer

SINGAPORE: Asia's fuel oil time spreads and cracks traded higher on Monday as improved sentiment added to market gains t

Published 22 Jan, 2018 03:26pm

Energy

Oil up on threats of rebel attacks in Nigeria, falling US crude stocks

SINGAPORE: Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as rebels in Nigeria thr

Published 18 Jan, 2018 05:09am

Energy

Azeri oil output down by 5.8pc to 38.7mn t in 2017

BAKU: Azerbaijan's oil and gas condensate output fell by 5.8 percent in 2017 to 38.688 million tonnes, state energy comp

Published 16 Jan, 2018 01:38pm

Energy

China's natural gas consumption to rise 10pc on yr in 2018

BEIJING: China's natural gas consumption will rise by 10 percent in 2018 to 258.7 billion cubic metres (bcm), China Nati

Published 16 Jan, 2018 01:02pm

Energy

Middle East Crude-Light grades stay in premiums

SINGAPORE: Light grades in the Middle East crude market traded at premiums in March on robust demand in Asia, while benc

Published 16 Jan, 2018 12:13pm

Energy

Asia Distillates-Jet fuel price stays high; cash deals absent

SINGAPORE: Asia's jet fuel outright price edged up to nearly $82 a barrel on Tuesday, the highest since early December 2

Published 16 Jan, 2018 11:42am

Energy

Oil near 3-year highs on output cuts, but rising N.American rig count weighs

SINGAPORE: Oil prices held closely below December 2014 highs on Monday, supported by production cuts by OPEC and Russia,

Published 15 Jan, 2018 02:10pm

Energy

Middle East Crude-Benchmarks edge down on ample supplies, weak fuel oil

SINGAPORE: Middle East crude benchmarks edged down on Monday as ample supplies of medium-sour grades and weak fuel oil c

Published 15 Jan, 2018 01:06pm

Energy

Asia Distillates-Jet fuel outright price at over three-year high

SINGAPORE: Asia's jet fuel outright price reached nearly $82 a barrel on Monday, tracking the crude oil price hike. -

Published 15 Jan, 2018 12:54pm

Energy

Brent crude oil rises to $70 on output cuts, ignores N.America rig gains

SINGAPORE: Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russ

Published 15 Jan, 2018 06:30am

Energy

Oil near 3-year highs on output cuts despite rising N.American rig count

SINGAPORE: Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC an

Published 15 Jan, 2018 06:06am

Energy

Sinopec says South Africa gives it conditional approval for Chevron assets

BEIJING: South Africa will stick with China's Sinopec Corp as the preferred contender to buy Chevron's assets in South A

Published 11 Jan, 2018 08:16pm

Energy

Oil dips away from 3-yr highs on signs of overheated market

SINGAPORE: Oil dipped away from three-year highs on Thursday on signs that a 13-percent rally since early December m

Published 11 Jan, 2018 08:42am

Energy

Oil prices hit highest since 2014, but analysts warn of overheated mkt

SINGAPORE: Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as

Published 10 Jan, 2018 05:35am

Energy

India's planned desert state refinery to buy 50,000 bpd oil from Cairn

NEW DELHI: India's planned 180,000 barrel per day (bpd) refinery in the desert state of Rajasthan to buy 50,000 bpd oil

Published 09 Jan, 2018 09:23pm

Energy

Asia Distillates-Jet fuel cash differential stays weak; no deals

SINGAPORE: Asia's jet fuel cash differential was unchanged at 30 cents discount to Singapore quotes on Tuesday with no c

Published 09 Jan, 2018 07:15pm

Energy

US oil prices hit highest since 2015, but doubts loom over rally

SINGAPORE: US oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises ami

Published 09 Jan, 2018 05:16am

Energy

Oil prices edge up on lower US rig count, but below recent highs

SINGAPORE: Oil prices firmed on Monday on the back of a slight decline in the number of US rigs drilling for new pro

Published 08 Jan, 2018 06:25am

Energy

Asia-Pacific Crude-Vietnam keeps Dai Hung for local refinery

SINGAPORE: Vietnam's PV Oil has awarded a tender to sell Dai Hung crude loading in the first half of 2018 to the country

Published 05 Jan, 2018 03:43pm

Energy

Oil prices hold near 2015 highs, but doubts over rally emerge

SINGAPORE: Oil prices held firm on Friday, with Brent crude up by more than 10 percent from its December lows on the

Published 05 Jan, 2018 05:51am

Energy

Oil prices hit fresh highs as market tightens

SINGAPORE: Oil prices on Thursday hit fresh two-and-a-half year highs and were at levels last seen at the start of t

Published 04 Jan, 2018 05:15am

Energy

Oil prices close to mid-2015 highs, but doubts over further rises loom

SINGAPORE: Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong d

Published 03 Jan, 2018 05:56am

Energy

Oil trades near strongest levels since mid-2015 on Iranian unrest

SINGAPORE/LONDON: Oil prices posted their strongest start to a year since 2014 on Tuesday, with crude rising to mid-2015

Published 02 Jan, 2018 03:32pm

Energy

Oil posts strongest year opening since 2014; Iran unrest pushes up crude

SINGAPORE: Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015

Published 02 Jan, 2018 04:52am

Energy

South Korea seizes Hong Kong ship for oil transfer to North: Seoul

SEOUL: South Korea briefly seized and inspected a Hong Kong-registered ship in November for transferring oil products to

Published 29 Dec, 2017 07:30pm

Energy

Oil prices near 2015 highs on tight market

SINGAPORE: Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend. Head

Published 28 Dec, 2017 06:13am

Energy

Oil near June 2015 high as production cuts tighten market

SINGAPORE: Oil prices were stable on Tuesday, with Brent crude lingering near 2015 highs on the back of an outlook f

Published 26 Dec, 2017 04:37am

Energy

Oil dips as US production fast approaches 10 million bpd

SINGAPORE: Oil prices dipped on Thursday as soaring US output, fast approaching 10 million barrels per day (bpd), ou

Published 21 Dec, 2017 05:53am

Energy

Oil edges up on North Sea pipeline outage, expectation of lower US crude stocks

SINGAPORE: Oil prices inched up on Wednesday, supported by expectations of a fall in US crude inventories and by the ong

Published 20 Dec, 2017 01:12am

Energy

Top polluter China unveils nationwide carbon market

BEIJING: China, the world's biggest polluter, unveiled plans on Tuesday for a national carbon market likely to becom

Published 19 Dec, 2017 01:05pm

Energy

Oil range-bound as disruptions offset by rising US output

SINGAPORE: Oil markets edged up on Tuesday as the Forties pipeline outage in the North Sea and voluntary production

Published 19 Dec, 2017 05:24am

Energy

Asian LNG spot prices jump after European gas outages

LONDON: Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European

Published 15 Dec, 2017 10:15pm

Energy

Hundreds of Kazakh coal miners agree to end strike: govt

ASTANA: A strike that saw hundreds of miners down tools and refuse to surface from a chain of coal pits in central Kazak

Published 15 Dec, 2017 07:48pm

Energy

Oil prices stable on tighter market, but rising US output looms for 2018

SINGAPORE: Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and ongoing OPEC-led pr

Published 15 Dec, 2017 06:50am

Energy

South Korea's Nov Iran crude oil imports fall to 5 month low

SEOUL: South Korea's Iranian crude oil imports in November dropped to the lowest level since June, due to reduced shipme

Published 15 Dec, 2017 12:58am

Energy

Oil prices up on lower US crude stocks, but growing output caps gains

SINGAPORE: Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though c

Published 14 Dec, 2017 05:28am

Energy

Oil prices recover on big US crude stock drawdown, pipeline shutdown supports

TOKYO: Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles

Published 13 Dec, 2017 05:15am

Energy

Oil recovers on big US crude stock drawdown

TOKYO: Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in US c

Published 13 Dec, 2017 02:23am

Energy

Brent oil may bounce to $64.72

SINGAPORE: Brent oil may break a resistance at $64.03 per barrel, and bounce more towards the next resistance at $64.72

Published 13 Dec, 2017 01:53am

Energy

Brent crude prices near 2015 high after North Sea pipeline disruption

SINGAPORE: Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipel

Published 12 Dec, 2017 02:06am

Energy

Saudi Arabia to supply full Jan crude volumes to several Asian buyers

TOKYO/SINGAPORE: Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to five N

Published 11 Dec, 2017 06:13am

Energy

Oil prices drop on increased US drilling activity

SINGAPORE: Oil prices fell on Monday as last week's rise in the US rig count pointed to a further increase in Americ

Published 11 Dec, 2017 04:58am

Energy

Oil prices steady as Chinese demand counters stronger dollar

SINGAPORE: Oil prices were stable on Friday, held back by a strengthening US dollar but supported by China's relentl

Published 08 Dec, 2017 06:24am

Energy

Brent oil may gain more to $62.47

SINGAPORE: Brent oil may gain more to $62.47 per barrel, as it could have completed a correction from the Nov. 7 high of

Published 08 Dec, 2017 01:51am

Energy

Oil dips on rising US fuel stocks, but OPEC's supply cuts offer support

SINGAPORE: Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the mark

Published 06 Dec, 2017 05:05am

Energy

Oil prices edge up on expected drop in US crude stocks

SEOUL: Oil markets nudged higher on Tuesday, buoyed by expectations of a drop in US crude stockpiles and after last

Published 05 Dec, 2017 06:27am

Energy

Qatar raises Nov Marine crude to $61.45/bbl

SINGAPORE: Qatar has set its November retroactive official selling price (OSP) for its Marine crude at $61.45 a barrel,

Published 04 Dec, 2017 09:11pm

Energy

Oil prices fall after US drillers add rigs

TOKYO: Oil fell on Monday after US shale drillers added more rigs last week, but prices still held close to their hi

Published 04 Dec, 2017 05:17am

Energy

Japan's total oil sales fall to lowest in Oct for at least 37 yrs

TOKYO: Japan's total oil sales fell to the lowest level in at least 37 years for the month of October, trade ministr

Published 30 Nov, 2017 06:56am

Energy

Oil markets on tenterhooks ahead of OPEC meeting in Vienna

SINGAPORE: Oil markets were cautious on Thursday ahead of an OPEC meeting in Vienna, with producers set to debate an

Published 30 Nov, 2017 05:16am

Energy

Oil falls on uncertainty of extended output cuts, surprise rise in US crude stocks

SINGAPORE: Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut to

Published 29 Nov, 2017 07:45am

Energy

Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

SINGAPORE: Oil prices slipped in Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by

Published 28 Nov, 2017 06:09am

Energy

Asia Fuel Oil-380-cst premiums slip as buying interest fades

SINGAPORE: A lack of buying interest despite lower supplier offers relative to the previous session for physical cargoes

Published 23 Nov, 2017 11:12pm

Energy

Asia Distillates-Lower stocks, Chinese demand support diesel

SINGAPORE: A fall in gasoil and jet fuel inventory and a rise in domestic demand for gasoil in China is supporting margi

Published 23 Nov, 2017 11:00pm

Energy

Asia Naphtha/Gasoline-Naphtha demand persists, supply stays low

SINGAPORE: Asia's naphtha crack slipped 0.1 percent to a two-session low of $125.53 per tonne on Thursday, with little c

Published 23 Nov, 2017 10:45pm

Energy

Asia-Pacific Crude-Vietnamese grades stay firm

SINGAPORE: Spot premiums for Vietnamese grades loading in January held steady in the Asia-Pacific market on Thursday on

Published 23 Nov, 2017 10:40pm

Energy

Oil prices dip after US crude hits near 2-yr high on pipeline shutdown

SINGAPORE: Oil prices eased on Thursday, with U.S. crude dipping away from two-year highs reached the day before, bu

Published 23 Nov, 2017 05:13am

Energy

India's North American coal imports may surge on domestic shortage

NEW DELHI: India's coal imports from North America are likely to surge as buyers are looking to boost purchases amid a d

Published 22 Nov, 2017 09:38pm

Energy

Asia-Pacific Crude-Holds firm as tenders in focus

SINGAPORE: Asia-Pacific crude held steady on Wednesday, as traders look ahead to tenders for more price direction, while

Published 22 Nov, 2017 09:04pm

Energy

Oil prices firm on expected OPEC cut extension, US crude stock draw

SINGAPORE: Oil prices climbed on Wednesday after a reported fall in US crude inventories and on expectations that an

Published 22 Nov, 2017 04:19am

Energy

Oil prices steady as rising US output undermines OPEC cuts

SINGAPORE: Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC-led product

Published 21 Nov, 2017 04:12am

Energy

Asia-Pacific Crude-Kutubu and ESPO premiums hold steady

SINGAPORE: Asia-Pacific crude market held steady on Monday with more January-loading cargoes trading at similar levels t

Published 20 Nov, 2017 09:55pm

Energy

Oil markets tepid ahead of Nov 30 OPEC meeting

SINGAPORE: Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC

Published 20 Nov, 2017 05:05am

Energy

Oil stable as OPEC cuts counter rising US supplies

SINGAPORE: Oil markets were stable on Thursday as rising US crude production and inventories were countered by expec

Published 16 Nov, 2017 05:13am

Energy

Uzbekistan hikes gasoline, diesel fuel prices amid deficit

TASHKENT: Uzbekistan raised gasoline prices by about 40 percent and diesel by about 70 percent on Wednesday amid chronic

Published 15 Nov, 2017 09:41pm

Energy

Oil prices extend losses in Asia after demand warning

SINGAPORE: Oil prices tumbled more than one percent on Wednesday in ASia, extending the previous day's sharp falls a

Published 15 Nov, 2017 07:58am

Energy

Middle East Crude-January cargoes trade at premium

SINGAPORE: The Middle East crude market weakened on Tuesday after benchmarks Dubai and DME Oman edged down from the prev

Published 14 Nov, 2017 08:50pm

Energy

Oil markets cautious as rising US output undermines OPEC supply cuts

SINGAPORE: Oil prices fell on Tuesday as the prospect of further rises in US output undermined ongoing OPEC-led prod

Published 14 Nov, 2017 04:47am

Energy

Oil trading cautious on Middle East tensions, rising US drilling activity

SINGAPORE: Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count

Published 13 Nov, 2017 05:30am

Energy

Oil markets stable, but doubts over recent bull run emerge

SINGAPORE: Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing suppl

Published 09 Nov, 2017 04:27am

Energy

Indian Oil Corp starts crude oil trading through Singapore subsidiary

NEW DELHI: India's top refiner Indian Oil Corp on Wednesday began trading crude oil through its Singapore unit, buying a

Published 08 Nov, 2017 11:00pm

Energy

Oil dips on profit taking but remains near two-year highs

SINGAPORE: Oil markets dipped on Wednesday as traders took profits after crude prices hit two-year highs, but market

Published 08 Nov, 2017 04:14am

Energy

Indonesia sets Oct Minas crude price at $54.71/bbl

SINGAPORE: Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at $54.71 a barrel for October

Published 07 Nov, 2017 03:31pm

Energy

Oil at $70/barrel already a reality for some as Asian premium bites

SINGAPORE: The rising demand for crude oil that can more easily produce transportation fuels when refined has some Austr

Published 07 Nov, 2017 03:13pm

Energy

Asia Naphtha/Gasoline-Naphtha spot premiums strengthen on demand

SINGAPORE: Asia's naphtha crack recovered 1.65 percent to reach a near 22-month high while spot premiums treaded higher

Published 07 Nov, 2017 03:05pm

Energy

Asia Fuel Oil-Cracks slip further as rising crude prices weigh, premiums slip

SINGAPORE: Elevated crude oil prices continued to weigh on Asia's fuel oil crack for a third consecutive session on Tues

Published 07 Nov, 2017 03:01pm

Energy

Asia-Pacific Crude-Wider Brent-Dubai to limit arbitrage flow

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday as traders awaited results of ONGC's Sokol tender for pr

Published 07 Nov, 2017 02:57pm

Energy

Oil prices edge down from near 2-1/2 year high

TOKYO: Oil prices edged lower on Tuesday after posting the biggest gains in six weeks a day earlier, buoyed by moves

Published 07 Nov, 2017 04:25am

Energy

North Sea Crude-Diffs rise as Shell, Glencore book tankers for Asia

LONDON: Forties crude differentials rose on Monday, tracking a surge in Brent crude futures to 2-1/2-year highs and as S

Published 06 Nov, 2017 08:14pm

Energy

Fuel shortage grips Sri Lanka

COLOMBO: A Sri Lankan minister was forced Monday to apologise for a fuel shortage that has seen long queues form at gas

Published 06 Nov, 2017 07:39pm

Energy

Asia-Pacific Crude-January loading programmes eyed

SINGAPORE: Trade in the Asia-Pacific crude market was muted on Monday with traders awaiting January-loading programmes t

Published 06 Nov, 2017 07:09pm

Energy

Asia Fuel Oil-Cracks slip but still 'strong' as crude oil climbs

SINGAPORE: The discount of Asia's fuel oil crack to crude oil widened slightly on Monday but was still "strong" in spite

Published 06 Nov, 2017 02:06pm

Energy

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

SINGAPORE: Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Ara

Published 06 Nov, 2017 04:55am

Energy

Asia Distillates-Gasoil margin slips on ample stocks

SINGAPORE: The Asian gasoil margin slipped on Friday as stocks of the fuel remained ample in the region, with economics

Published 03 Nov, 2017 06:24pm

Energy

Azerbaijan oil shipped via Russia jumps in Jan-Oct

BAKU: Azerbaijan's oil shipments via Russia jumped to 1.242 million tonnes in January-October from 978,240 tonnes a year

Published 02 Nov, 2017 05:21pm

Energy

Oil stable as US crude inventories fall despite rising production

SINGAPORE: Oil prices held steady on Thursday as US crude inventories fell despite a rise in production, while outsi

Published 02 Nov, 2017 05:40am

Energy

Bangladesh tenders for up to 1.27mn T oil products

DHAKA: Bangladesh Petroleum Corp (BPC) issued an international tender on Wednesday to import refined oil products for th

Published 01 Nov, 2017 11:26pm

Energy

Asia-Pacific Crude-Petronas sells new grade Ophir Light

SINGAPORE: Malaysia's Petronas sold a new grade in the Asia-Pacific crude market, traders said on Wednesday, while spot

Published 01 Nov, 2017 10:31pm

Energy

Middle East Crude-Benchmarks off to strong start in Nov

SINGAPORE: The Middle East crude market kicked off November on a strong note, with Dubai and Oman benchmarks at 70-80 ce

Published 01 Nov, 2017 07:11pm

Energy

Asia Naphtha/Gasoline-Supply squeeze lifts naphtha to near-22-month peak

SINGAPORE: Asia's naphtha crack extended gains to reach its highest since Jan. 8, 2016, at $119.35 a tonne on Wednesday

Published 01 Nov, 2017 12:36pm

Energy

Oil prices stable as OPEC-led supply cuts tighten mkt, but some caution remains

SINGAPORE: Oil prices were stable early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts

Published 31 Oct, 2017 04:37am

Energy

Asia Naphtha/Gasoline-Naphtha slips as high oil price weighs

SINGAPORE: Asia's naphtha crack eased from a near 22-month high to a four-session low of $113.38 a tonne on Monday as st

Published 30 Oct, 2017 07:36pm

Energy

Oil markets stable on expected extension of output cuts

SINGAPORE: Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations th

Published 30 Oct, 2017 05:26am

Energy

Crude oil output from Mexico's Pemex falls 18pc in September

MEXICO CITY: Mexican national oil company Pemex reported on Friday that September crude production fell 18 percent f

Published 28 Oct, 2017 05:09am

Energy

Indian firms eye stake in Adnoc's offshore oil concession

NEW DELHI: Indian oil firms are in talks with state-run Abu Dhabi National Oil Co (Adnoc) to acquire a stake in its ADMA

Published 27 Oct, 2017 06:06pm

Energy

Oil prices inch lower on increases in US crude inventories, production

TOKYO: Oil prices inched lower on Thursday, pressured by an unexpected increase in US crude inventories and as oil o

Published 26 Oct, 2017 07:36am

Energy

Asian shares edge up, Nikkei aims for 17th straight gain

TOKYO: Asian shares edged higher on Wednesday, while U.S. Treasury yields and the dollar got a lift following a repo

Published 25 Oct, 2017 05:42am

Energy

Oil hovers near four-week high on Saudi pledge to end glut

TOKYO: Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top expor

Published 25 Oct, 2017 05:13am

Energy

Oil prices inch up, support from drop in southern Iraq exports

TOKYO: Oil prices inched up on Tuesday, getting support from a decline in oil exports from OPEC's second-biggest pro

Published 24 Oct, 2017 09:25am

Energy

Southeast Asian oil demand to keep growing until at least 2040: IEA

SINGAPORE: Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on th

Published 24 Oct, 2017 03:53am

Energy

Oil prices rise on tightening supply, strong demand

SINGAPORE: Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further s

Published 23 Oct, 2017 05:39am

Energy

Oil rises on tighter fundamentals, but China warning holds back market

SINGAPORE: Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although

Published 20 Oct, 2017 05:58am

Energy

Oil markets firm on tighter US market, expected extension of OPEC supply cuts

SINGAPORE: Oil prices were firm on Thursday, supported by ongoing supply cuts led by OPEC, tensions in the Middle Ea

Published 19 Oct, 2017 05:41am

Energy

Oil prices rise on tighter US market, Middle East tensions

SINGAPORE: Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in th

Published 18 Oct, 2017 05:37am

Energy

Asia Fuel Oil-Cracks climb to 3 week high despite rising crude

SINGAPORE: Despite rising crude oil prices, Asia's November fuel oil crack to Dubai crude climbed to a near three-week h

Published 16 Oct, 2017 04:28pm

Energy

Oil jumps on fears of new Iran sanctions, Iraq conflict

SINGAPORE: Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as co

Published 16 Oct, 2017 05:40am

Energy

Oil drops on rising US crude inventories, OPEC seen to extend cuts

SINGAPORE: Oil prices eased on Thursday as US fuel inventories rose despite efforts by OPEC to cut production and ti

Published 12 Oct, 2017 07:43am

Energy

Oil up on signs of tighter market, but 2018 looks more uncertain

SINGAPORE: Oil prices edged up on Wednesday, extending 2 percent gains recorded the previous day, on signs that mark

Published 11 Oct, 2017 04:46am

Energy

Middle East Crude-Stays firm; Sellers bullish on limited arbitrage

SINGAPORE: The Dubai Middle East crude benchmark was little changed on Tuesday, underpinned by purchases from Chinaoil.

Published 10 Oct, 2017 06:39pm

Energy

Asia Fuel Oil-380-cst cash premiums near 1-month low, spreads recoup some losses

SINGAPORE: Cash premiums of Asia's 380-cst high-sulphur fuel oil fell to a near one-month low on Tuesday amid weaker dea

Published 10 Oct, 2017 06:20pm

Energy

OPEC considers second meeting with US independent oil firms

NEW DELHI: The Organization of the Petroleum Exporting Countries is seeking to hold a second meeting with US independent

Published 10 Oct, 2017 03:52pm

Energy

Oil prices stable as OPEC says market is rebalancing

SINGAPORE: Oil prices were steady on Tuesday as OPEC said there were clear signs the market was rebalancing and as U

Published 10 Oct, 2017 04:26am

Energy

Oil up on expectation of Saudi production restraint, lower US rig count

SINGAPORE: Oil prices edged up on Monday, halting a 2 percent slide from Friday, on expectations that Saudi Arabia w

Published 09 Oct, 2017 04:57am

Energy

Oil stabilizes on expectations of extended output cut, but US crude exports drag

SINGAPORE: Oil prices stabilised on Thursday on expectations that Saudi Arabia and Russia would extend production cu

Published 05 Oct, 2017 04:50am

Energy

Asia Naphtha/Gasoline-Naphtha crack slips to near three-week low

SINGAPORE: Asia's naphtha crack slipped to nearly a three-week low of $91.18 a tonne, weighed down by general weakness i

Published 04 Oct, 2017 07:03pm

Energy

US oil dips below $50 over doubts recent rally will last

SINGAPORE: Oil prices eased on Wednesday, with US crude dipping below $50 per barrel, pulled down by caution that a

Published 04 Oct, 2017 04:57am

Energy

Asia Naphtha/Gasoline-Naphtha intermonth spread highest since May

SINGAPORE: Asia's benchmark open-specification naphtha price for second-half November was $4.50 a tonne more than second

Published 03 Oct, 2017 10:01pm

Energy

Asia Fuel Oil-380-cst time spread falls but near-term outlook remains firm

SINGAPORE: Asia's front-month time spread fell to its lowest in two weeks on Tuesday, but sentiment remained bullish on

Published 03 Oct, 2017 07:02pm

Energy

Middle East Crude-Benchmarks edge down; OSPs awaited

SINGAPORE: The Middle East crude benchmarks edged down on Tuesday as traders await monthly official selling prices from

Published 03 Oct, 2017 01:39pm

Energy

Oil prices fall for second day on oversupply concerns

TOKYO: Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally,

Published 03 Oct, 2017 04:33am

Energy

OECD oil stocks set for ‘substantial’ 2017 draw, but may rise in 2018

SINGAPORE: Forecasts for US shale oil growth and uncertainty around China's crude imports may see oil stocks buildin

Published 02 Oct, 2017 04:56am

Energy

Oil prices lower after strong third quarter as Sept. OPEC output rises

TOKYO: Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quart

Published 02 Oct, 2017 04:52am

Energy

South Korea's KNOC refreshes Iraqi crude supplies in oil reserves

SEOUL/SINGAPORE: Korea National Oil Corp (KNOC) issued several tenders to buy and sell Iraqi crude from its strategic pe

Published 30 Sep, 2017 04:07am

Energy

China raises retail gasoline, diesel prices

BEIJING: China will raise the retail prices of gasoline by 210 yuan ($31.58) per tonne and diesel by 195 yuan per tonne

Published 30 Sep, 2017 12:56am

Energy

Vietnam's Sept crude oil output falls 9.9pc y/y to 1.06mn T

HANOI: Vietnam's crude oil output in September is estimated at 1.06 million tonnes (259,000 barrels per day), down 9.9 p

Published 29 Sep, 2017 01:07pm

Energy

Oil falls as US data shows mixed picture

TOKYO: Oil prices fell on Thursday, with US crude giving up some of the previous session's gains that were driven by

Published 28 Sep, 2017 05:49am

Energy

Strong growth in fuel demand accelerates oil market rebalancing

SINGAPORE: Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down

Published 26 Sep, 2017 07:50pm

Energy

Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline

TOKYO: Oil prices took a breather on Tuesday after Brent crude earlier rose to a 26-month high, supported by Turkey'

Published 26 Sep, 2017 06:51am

Energy

Asia Fuel Oil-Sentiment boosts 380-cst time spread to near 5-month high

SINGAPORE: Backwardation in the front-month time spread of Asia's 380-cst fuel oil rose to its widest May 5 on Monday, b

Published 25 Sep, 2017 05:05pm

Energy

Oil holds gains as producers say market rebalancing

TOKYO: Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near

Published 25 Sep, 2017 06:23am

Energy

China bans petroleum exports to North Korea

SHANGHAI: China said on Saturday it will ban exports of some petroleum products to North Korea, as well as imports o

Updated 23 Sep, 2017 07:55am

Energy

India's oil output fell 1.56 percent to 3.02mn T in Aug

NEW DELHI: India's crude oil production in August declined 1.56 percent to 3.02 million tonnes from a year ago, while na

Published 22 Sep, 2017 03:23pm

Energy

Asia Fuel Oil-Cash premiums near 3-month high, fewer suppliers offer cargoes

SINGAPORE: Firm buying interest and few supplier offers in the Platts window on Friday helped boost cash premiums of Asi

Published 22 Sep, 2017 03:17pm

Energy

Middle East Crude-Oman's premium tops $1/bbl after China issues quotas

SINGAPORE: The Middle East crude market stayed strong on Friday with DME Oman's premium extending gains for a second ses

Published 22 Sep, 2017 03:15pm

Energy

Oil rises after Iraq signals possible OPEC cut extension

TOKYO: Oil prices rose on Wednesday after Iraq's oil minister said OPEC and other crude producers were considering e

Published 20 Sep, 2017 04:40am

Energy

US oil prices hit $50 on rising refinery demand, falling rig count

SINGAPORE: US crude oil prices rose above $50 per barrel on Monday and were near last week's multi-month highs as th

Published 18 Sep, 2017 09:09am

Energy

Oil markets firm on rising refinery demand, falling U.S. rig count

SINGAPORE: Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number

Published 18 Sep, 2017 04:56am

Energy

Oil holds gains, buoyed by hopes for robust demand

TOKYO: Oil prices eased on Thursday, but held on to most of their gains in the previous session when the market was

Published 14 Sep, 2017 06:37am

Energy

Oil prices mixed as US stockpile rise takes shine off OPEC higher demand view

TOKYO: Oil prices were mixed on Wednesday, dampened by reports of rising US crude stockpiles but retaining some of t

Published 13 Sep, 2017 06:05am

Energy

Oil prices dip as traders assess US hurricane impact

SEOUL: Oil prices edged down on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma vers

Published 12 Sep, 2017 05:57am

Energy

Oil edges up as Saudis discuss extending supply cut

TOKYO: Oil prices edged up on Monday after the Saudi oil minister discussed possibly extending a pact to cut global

Published 11 Sep, 2017 05:18am

Energy

Corn up for second day on expectations of lower US yields

SINGAPORE: Chicago corn futures rose for a second session on Monday on expectations of a marginally lower yield-fore

Published 11 Sep, 2017 05:17am

Energy

Oil markets dip storm Harvey fallout; Hurricane Irma heads into Caribbean

SINGAPORE: Oil prices slipped on Wednesday as crude demand remained subdued on the back of refinery closures followi

Published 06 Sep, 2017 04:16am

Energy

Oil markets volatile in wake of Hurricane Harvey, North Korea nuclear test

SINGAPORE: Oil markets were volatile on Monday, with U.S. crude rising on production shutdowns while international B

Published 04 Sep, 2017 05:20am

Energy

Crude falls as flooding from Harvey roils US oil industry

TOKYO: US crude futures fell in Asian trading on Friday, partly reversing sharp gains from the previous session, ami

Published 01 Sep, 2017 05:27am

Energy

Crude dips, gasoline spikes as floods knock out almost a quarter of US refineries

SINGAPORE: Oil prices dipped on Wednesday but gasoline spiked to its highest since mid-2015 as flooding in the wake

Published 30 Aug, 2017 07:53am

Energy

Oil markets roiled as Hurricane Harvey hits US petroleum industry

SINGAPORE: Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the US Gulf coast over the w

Published 28 Aug, 2017 06:40am

Asia Energy

Oil prices fall on concerns of oversupply as Libyan output recovers

SINGAPORE: Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as U.S

Published 23 Aug, 2017 06:10am

Energy

Oil prices edge up on signs of gradually tightening market

SINGAPORE: Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the

Published 22 Aug, 2017 06:39am

Energy

Oil steady as market conditions tighten despite rising US output

SINGAPORE: Oil markets were stable on Monday, largely holding on to Friday's big gains even though rising U.S. outpu

Published 21 Aug, 2017 06:00am

Energy

Oil edges up on decline in US crude stocks, but high output caps gains

SINGAPORE: Oil prices edged up on Thursday, clawing back some ground after losses in the previous session. Trader

Published 17 Aug, 2017 07:00am

Energy

Oil prices edge up on falling US crude stocks, but global glut still weighs

SINGAPORE: Oil prices edged up on Wednesday on a fall in U.S. crude inventories, although markets were still being w

Published 16 Aug, 2017 04:00am

Energy

Asia Naphtha/Gasoline-Gasoline rebounds to 6-month high; naphtha up

SINGAPORE: Asia's gasoline crack rebounded to a six-month high at $12.96 a barrel on Tuesday following a brief fall in t

Published 15 Aug, 2017 07:26pm

Energy

Iran resumes oil swap in Caspian Sea

TEHRAN: In a bid to strengthen the country's strategic position in the region, Iran has resumed oil swap operations

Published 15 Aug, 2017 12:19pm

Energy

Oil prices steady after overnight tumble on dollar strength, China concerns

SINGAPORE: Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as

Published 15 Aug, 2017 08:17am

Energy

Oil prices dip on weak Chinese refining activity

SINGAPORE: Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude

Published 14 Aug, 2017 07:30am

Energy

Middle East Crude-Market jumps on robust Asia demand

SINGAPORE: The Middle East crude market jumped on Thursday with spot October cargoes trading at premiums at more than on

Published 10 Aug, 2017 08:54pm

Energy

Asia Fuel Oil-Fuel oil crack spread at its lowest since early June

SINGAPORE: Asia's 180-cst crack spread hit a discount of $2.16 against Dubai crude, the steepest discount since early Ju

Published 10 Aug, 2017 03:36pm

Energy

Oil rises as inventory overhang erodes and Saudi cuts exports

LONDON: Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cu

Published 10 Aug, 2017 10:15am

Energy

Saudi cuts Sept crude supplies to most Asian buyers by up to 10pc

SINGAPORE/TOKYO: The world's top crude oil exporter Saudi Arabia will cut supplies to most buyers in Asia by up to 1

Published 08 Aug, 2017 05:26am

Energy

Asia Fuel Oil-Fuel oil crack stronger but cash deals slower

SINGAPORE: Asia's 180-centistoke (cst) fuel oil's discount to Dubai crude closed at $1.75, its narrowest in about a week

Published 07 Aug, 2017 08:14pm

Energy

Asia-Pacific Crude-Oct NWS condensate supply edges up; premiums seen supported

SINGAPORE: First offers for October-loading regional cargoes are due to emerge following the release of some Australian

Published 07 Aug, 2017 08:13pm

Energy

Oil eases as rising output weighs, but still near 9-week highs

SEOUL: Oil prices edged down on Monday but still held near nine-week highs, supported by robust U.S. jobs data last

Published 07 Aug, 2017 06:09am

Energy

Oil falls on high OPEC supplies, defying falling US crude stocks

SINGAPORE: Oil fell on Thursday as a rally that has pushed up prices by almost 10 percent since early last week lost

Published 03 Aug, 2017 07:19am

Energy

Asia-Pacific Crude-Vietnamese offers continue late in trade cycle

SINGAPORE: More offers for September-loading Vietnamese crude have been released even as the market has shifted its focu

Published 02 Aug, 2017 07:15pm

Energy

Asia Distillates-Diesel differential climbs as traders anticipate demand

SINGAPORE: The Asian diesel cash differential climbed on Wednesday as traders anticipated higher demand from Europe foll

Published 02 Aug, 2017 07:14pm

Energy

Oil down 1pc on surprise rise in US inventories, high OPEC output

SINGAPORE: Oil prices fell 1 percent on Wednesday, with rising US fuel inventories pulling US crude back below $50 p

Published 02 Aug, 2017 07:03am

Energy

Azerbaijan's oil shipments via Russia jump to 818,664 tonnes in Jan-July

BAKU: Azerbaijan's oil shipments via Russia jumped to 818,664 tonnes in January-July this year from 559,065 tonnes in th

Published 01 Aug, 2017 07:30pm

Energy

Asia Naphtha/Gasoline-Naphtha on winning streak; over 3-month high

SINGAPORE: Asia's naphtha crack rose for the fifth straight session on Tuesday to reach slightly over a three-month high

Published 01 Aug, 2017 07:06pm

Energy

Asia Fuel Oil-Crack stays near two-month low on ample supplies

SINGAPORE: Asia's 180-centistoke (cst) fuel oil crack at a discount of about $1.85 to Dubai crude was mostly unchanged o

Published 01 Aug, 2017 07:05pm

Energy

ADNOC finalises July 2017 to June 2018 diesel term contract

SINGAPORE: Abu Dhabi National Oil Company has finalised its July 2017 to June 2018 diesel term contract at a higher prem

Published 01 Aug, 2017 07:03pm

Energy

US oil prices open above $50 for first time since May, but headwinds persist

SINGAPORE: US oil opened above $50 per barrel for the first time since late May on Tuesday, supported by strong fuel

Published 01 Aug, 2017 06:01am

Energy

Vietnam oil exec turns himself in after months on the run

HANOI: A former oil executive accused of gross mismanagement at one of Vietnam's largest state-run firms turned himself

Published 31 Jul, 2017 10:12pm

Energy

Oil hits 2-month high on tighter US market, Venezuela sanctions risk

SINGAPORE: Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of san

Published 31 Jul, 2017 07:52am

Energy

Sinopec to invest $5bn in gas pipeline for new economic zone

BEIJING: China Petrochemical Corporation (Sinopec) will invest 34.4 billion yuan ($5.1 billion) in a gas pipeline projec

Published 25 Jul, 2017 03:55pm

Energy

Asia Fuel Oil-Crack falls as traders look past unusual India demand

SINGAPORE: Asia's 180-centistoke fuel oil crack weakened to a discount of 67 cents on Tuesday versus 53 cents the previo

Published 25 Jul, 2017 03:45pm

Energy

Middle East Crude-Indian demand supports Oman, Upper Zakum

SINGAPORE: Medium sour grades remained supported in the Middle East crude market on Monday after Indian refiners swept u

Published 24 Jul, 2017 05:19pm

Energy

Asia-Pacific Crude-More September offers emerge late in trade cycle

SINGAPORE: A string of sell tenders for September-loading regional crude surfaced late in the Asia-Pacific monthly trade

Published 24 Jul, 2017 04:49pm

Energy

Asia Naphtha/Gasoline-Naphtha eases; firm China demand in June

SINGAPORE: Asia's naphtha crack eased to a two-session low of $63.35 a tonne on Monday, down from a nine-week high on Ju

Published 24 Jul, 2017 04:48pm

Energy

Oil steady ahead of producer meeting; Nigeria, Libya output in focus

TOKYO: Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day t

Published 24 Jul, 2017 06:21am

Energy

China June diesel exports rise on year ago

BEIJING: China's exports of diesel rose in June on a year ago as refiners turn to foreign markets to offload their e

Published 23 Jul, 2017 06:57am

Energy

Asia Distillates-Gasoil cracks surge to nine-month high

SINGAPORE: The Asian gasoil margin climbed to its highest since early November on Friday after a sharp decline in Europe

Published 21 Jul, 2017 03:08pm

Energy

India refiner HPCL sees more scope for foreign buys after ONGC deal

NEW DELHI: Indian state refiner Hindustan Petroleum Corp sees itself better placed to buy overseas downstream assets onc

Published 20 Jul, 2017 07:19pm

Energy

Oil steady after big drop in US fuel stocks, but markets remain bloated

SINGAPORE: Oil prices held steady on Thursday, hanging on to gains made the previous session when falling US crude s

Published 20 Jul, 2017 06:19am

Energy

Vietnam plans oil reserves equivalent of 90 days of imports by 2020

HANOI: Vietnam's prime minister has approved a plan for the country's total crude oil and oil product stocks to be at le

Published 19 Jul, 2017 09:26pm

Energy

Indian govt refiners to buy less Iran oil in 2017/18

NEW DELHI: India's state refiners plan to buy less Iranian oil in 2017/18 compared with the last fiscal year, Oil Minist

Published 19 Jul, 2017 03:27pm

Energy

Asia Fuel Oil-Market shrugs off Fujairah inventory build

SINGAPORE: Asia's fuel oil market shrugged off a large inventory build in the Fujairah oil hub with 380-cst cash premium

Published 19 Jul, 2017 02:02pm

Energy

Oil dips on rising US crude inventories, high OPEC supplies

SINGAPORE: Oil prices fell on Wednesday after a rise in US crude inventories and ongoing high output from OPEC produ

Published 19 Jul, 2017 06:08am

Energy

Sri Lankan shares fall for fifth session in six

COLOMBO: Sri Lankan shares closed lower on Tuesday, marking their fifth session of decline in six, although foreign inve

Published 18 Jul, 2017 08:38pm

Energy

Asia Fuel Oil-Aggressive supplier offers weigh on cash premiums

SINGAPORE: Asia's 380-cst fuel oil cash premiums fell to a near one-week low and closer to parity on Tuesday amid weaker

Published 18 Jul, 2017 07:10pm

Energy

Azerbaijan's oil and natural gas output fall in first half

TBILISI: Azerbaijan's oil production dropped by 9 percent year-on-year to 19.161 million tonnes in the first half of 201

Published 17 Jul, 2017 07:22pm

Energy

Asia Fuel Oil-Arbitrage spreads squeezed shut, cracks widen

SINGAPORE: Arbitrage spreads from northwest Europe into Asia fell to some of their lowest levels in months despite tight

Published 17 Jul, 2017 07:21pm

Energy

Oil prices rise on strong China demand, signs of US output slowdown

SINGAPORE: Oil prices rose on Monday, supported by a slowdown in the growth of rigs looking for crude in the United

Published 17 Jul, 2017 05:35am

Energy

Oil stable as strong Chinese demand eases concern of ongoing glut

SINGAPORE: Oil prices were stable on Thursday as strong demand from China eased concerns of an ongoing fuel glut.

Published 13 Jul, 2017 06:34am

Energy

Asia Fuel Oil-380-cst cash premiums fall to one-month low

SINGAPORE: Asia's 380-cst fuel oil cash premiums fell to a one-month low on Wednesday as deal values slipped and supplie

Published 12 Jul, 2017 03:45pm

Energy

Middle East Crude-Sept light crude trade at premiums

SINGAPORE: The Middle East crude benchmark Dubai was little changed on Wednesday following Shell's purchases on window w

Published 12 Jul, 2017 03:36pm

Energy

Oil prices jump on falling US fuel inventories, lower production outlook

SINGAPORE: Oil prices rose more than 1 percent on Wednesday, extending gains from the previous day as the US governm

Published 12 Jul, 2017 07:49am

Energy

Oil rises on firm short-term demand outlook; overall market still weak

SINGAPORE: Oil prices edged up on Tuesday, lifted in part by a strong demand outlook for the coming weeks, but overa

Published 11 Jul, 2017 06:28am

Energy

Asia Fuel Oil-Buying interest revives 380-cst cash premiums

SINGAPORE: Cash premiums of 380-cst fuel oil rose on Monday, snapping a four-session slide, as falling flat price levels

Published 10 Jul, 2017 05:31pm

Energy

Oil recovers some losses but market still under pressure

SINGAPORE: Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets re

Published 10 Jul, 2017 07:11am

Energy

Asia Fuel Oil-Cash premiums sag but downside seen limited by bullish fundamentals

SINGAPORE: Asia's 380-cst fuel oil cash premiums slipped to a near 1-month low on Wednesday amid weaker buying interest,

Published 05 Jul, 2017 05:17pm

Energy

Oil prices fall ahead of US holiday after 8 days of gains

SINGAPORE: Oil prices retreated in Asian trade on Tuesday, halting a run of eight straight days of gains on signs th

Published 04 Jul, 2017 06:38am

Energy

Asia Fuel Oil-Cash premium of 380-cst holds firm

SINGAPORE: Asia's 380-centistoke (cst) fuel oil cash premium to Singapore quotes rose to $2.10 on Monday on firm demand.

Published 03 Jul, 2017 04:58pm

Energy

Total signs major Iran gas deal, defying US pressure

TEHRAN: French energy giant Total defied US pressure on Monday, signing a multi-billion-dollar gas deal with Iran, t

Published 03 Jul, 2017 01:34pm

Energy

Total to sign Iran gas deal, biggest since sanctions lifted

TEHRAN: French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore ga

Published 02 Jul, 2017 01:35pm

Energy

Hong Kong stocks end with losses on tightening talk

HONG KONG: Hong Kong shares fell with global markets on Friday, with technology firms and lenders hit, as central banks

Published 30 Jun, 2017 12:22pm

Energy

Oil rises for 6th session, buoyed by US output decline

SINGAPORE: Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in U.S.

Published 29 Jun, 2017 08:28am

Energy

Asia Naphtha/Gasoline-Cracks fall; South Korea's YNCC buys at a discount

SINGAPORE: Asia's naphtha crack fell for the fourth straight session on Wednesday to touch $54.65 a tonne, the lowest si

Published 28 Jun, 2017 02:30pm

Energy

Oil prices weighed down as US inventory gains revive glut worries

SINGAPORE: Oil markets were steady to lower on Wednesday after a report of rising US fuel and crude inventories unde

Published 28 Jun, 2017 09:35am

Energy

Asia Naphtha/Gasoline-Gasoline gains; stock draws in Asia, US

SINGAPORE: Asia's naphtha crack edged down 45 cents to a two-session low of $60.50 a tonne on Thursday but gasoline crac

Published 22 Jun, 2017 01:21pm

Energy

Middle East Crude-Oman slips, Dubai supported by Shell purchases

SINGAPORE: The Middle East crude benchmarks were mixed on Thursday with Oman slipping to a wider discount while Dubai wa

Published 22 Jun, 2017 12:44pm

Energy

Asia Distillates-Jet fuel premium holds steady on demand for cash deals

SINGAPORE: Asia's jet fuel cash differential to Singapore quotes remained at a premium for the fourth straight session o

Published 22 Jun, 2017 12:30pm

Energy

Oil prices climb off 10-month lows as US stockpiles drop

TOKYO: Oil prices rose on Thursday after US crude and gasoline stockpiles fell, but worries over whether OPEC-led output

Published 22 Jun, 2017 06:29am

Energy

Fuel oil margins rise to five-year high, potential boon for simple refiners

SINGAPORE: Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising dem

Published 21 Jun, 2017 03:07pm

Energy

Asia Fuel Oil-Cracks extend gains to 5-1/2 year high, flip to premium

SINGAPORE: Lifted by tighter supplies and firm demand since the start of the year, refining margins of Singapore 180-cst

Published 21 Jun, 2017 02:09pm

Energy

Asia Fuel Oil-Refining margins resume their climb ahead of rising summer demand

SINGAPORE: Fuel oil refining margins extended their gains on Tuesday which rose to some their highest levels since at le

Published 20 Jun, 2017 12:51pm

Energy

Asia-Pacific Crude-Trade brisk as regional tenders in focus

SINGAPORE: Trade in Asia-Pacific crude turned brisk as refiners and producers launched a series of tenders ahead of the

Published 20 Jun, 2017 12:47pm

Energy

Asia Naphtha/Gasoline-Naphtha cracks halt losses but concerns of ample supply weigh

SINGAPORE: Asia's naphtha crack snapped three consecutive sessions of declines after rising to $57.75 a tonne on Tuesday

Published 20 Jun, 2017 12:20pm

Energy

Oil prices hold near 7-month lows, glut keeps dragging

TOKYO: Oil markets held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply

Published 20 Jun, 2017 07:23am

Energy

Asia Fuel Oil-Fuel oil 380-cst cash premium holds firm

SINGAPORE: Asian fuel oil cash differentials for 380-centistoke inched up 3 cents to a three-session high of a $2.25 pre

Published 16 Jun, 2017 12:55pm

Energy

Asia-Pacific Crude-August crude premiums set to rise

SINGAPORE: First deals for regional grades that are emerging point to higher premiums in the current trade cycle for Aug

Published 15 Jun, 2017 01:25pm

Energy

Asia Fuel Oil-Fuel oil gains on limited spot market supply

SINGAPORE: Asian fuel oil cash differentials increased on Thursday on the back of limited barrels in the spot market, tr

Published 15 Jun, 2017 01:02pm

Energy

S.Korea's May Iranian crude oil imports fall to 8-month low

SEOUL: South Korea's Iranian crude oil imports dropped in May to their lowest in eight months as refiners bought les

Published 15 Jun, 2017 06:38am

Energy

Asia Naphtha/Gasoline-Arbitrage flows keep naphtha supply ample

SINGAPORE: The Asian naphtha market stayed weak on Wednesday as high arbitrage inflows in June and July are expected to

Published 14 Jun, 2017 11:49am

Energy

Malaysia's Petronas set to auction Kimanis crude on Dubai exchange

SINGAPORE: Malaysia's Petronas is set to auction one of its crude grades on the Dubai Mercantile Exchange, according to

Published 14 Jun, 2017 11:35am

Energy

Asia Distillates-Jet fuel differential hits 2-week high on Chinese interest

SINGAPORE: The Asian jet fuel cash differential rose to the highest since the start of June on Wednesday on the back of

Published 14 Jun, 2017 11:32am

Energy

Asia-Pacific Crude-August Ruby offered; NWS premium edges up

SINGAPORE: Trade for August-loading cargoes has gotten underway with prices for condensates from the region making sligh

Published 14 Jun, 2017 11:26am

Energy

Oil prices fall on OPEC output increase, rising US crude stocks

SINGAPORE: Oil prices fell by one percent early on Wednesday after data showed a build in US crude stocks

Published 14 Jun, 2017 06:10am

Energy

Kuwait sells 2017/2018 annual naphtha supplies at lower premiums

SINGAPORE: Kuwait Petroleum Corp (KPC) has sealed new annual naphtha supply deals at lower premiums than a year ago, thr

Published 13 Jun, 2017 03:51pm

Energy

Asia-Pacific Crude-August supplies rise; premiums eyed steady

SINGAPORE: August-loading regional supplies are eyed higher due to record high exports of Malaysia's Kimanis crude and a

Published 13 Jun, 2017 03:49pm

Energy

Singapore May marine fuel sales fall to second lowest this year

SINGAPORE: Sale of marine fuels in Singapore in May fell to 4.181 million tonnes, down 4.2 percent from the same period

Published 13 Jun, 2017 03:45pm

Energy

Asia Distillates-Differentials higher after Singapore refinery fire

SINGAPORE: Asian gasoil and jet fuel cash differentials edged higher on Tuesday after a fire hit a crude disti

Published 13 Jun, 2017 12:58pm

Energy

Asia Fuel Oil-Cash differentials rise, but rally unlikely to be sustained

SINGAPORE: Cash premiums for 180-centistoke and 380-cst fuel oil gained on Tuesday though traders expect the increase to

Published 13 Jun, 2017 12:42pm

Energy

Middle East Crude-Dubai edges up; al-Shaheen tender awaited

SINGAPORE: Middle East crude benchmark Dubai edged up on Tuesday after Shell bought two partials. Physical trade for

Published 13 Jun, 2017 12:41pm

Energy

Middle East Crude-Benchmarks weaken; traders work around UAE ship ban

SINGAPORE: The Middle East crude market weakened on Monday as traders are working around a UAE shipping ban to move Qata

Published 12 Jun, 2017 12:53pm

Energy

Indonesia's Donggi-Senoro LNG plant sells 18 LNG cargoes so far this year

JAKARTA: Indonesia's Donggi-Senoro liquefied natural gas (LNG) plant has exported 18 cargoes this year to June 2, Aditya

Published 12 Jun, 2017 12:38pm

Energy

Asia Fuel Oil-Cash premiums ease as flows from west to increase

SINGAPORE: Cash premiums for 180-centistoke and 380-cst fuel oil eased on Monday with fuel oil imports set to climb this

Published 12 Jun, 2017 12:37pm

Energy

Crude oil, fuel shipping costs from Qatar set to rise on port ban

SINGAPORE: The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emir

Published 12 Jun, 2017 08:42am

Energy

Oil prices driven up by futures bets, but market remains bloated

SINGAPORE: Oil prices rose on Monday as futures traders bet the market may have bottomed after a recent st

Published 12 Jun, 2017 06:11am

Energy

Asia Fuel Oil-Refining margins ease after sharp gains over past week

SINGAPORE: Fuel oil refining margins eased on Friday, slipping from a near 2-1/2 year high in the previous ses

Published 09 Jun, 2017 02:19pm

Energy

Asia-Pacific Crude-Pertamina buys August-arrival NWS, seeks more condensate

SINGAPORE: August-loading regional condensate premiums are seen trading stable from July-loading values after Pertamina

Published 09 Jun, 2017 01:16pm

Energy

Sinopec says did not receive order to relocate Yanshan oil refinery

BEIJING: China's Sinopec has not received a government order to relocate the Yanshan oil refinery, contradicting an earl

Published 08 Jun, 2017 12:43pm

Energy

Philippines eyes $2bn storage facility for LNG imports

MANILA: The Philippines aims to build a $2-billion receiving and distribution facility for imported LNG, as it seeks to

Published 08 Jun, 2017 12:39pm

Energy

Asia Fuel Oil-Cracks jump to 2-1/2 year high as inventories dive

SINGAPORE: Fuel oil refining margins soared to a 2-1/2 year high on Thursday as onshore inventories of fuel oi

Published 08 Jun, 2017 11:57am

Energy

Asia-Pacific Crude-Trade muted as market awaits loading programmes

SINGAPORE: Asia-Pacific trade remained thin on Thursday as the market continued to await offers for August-loading cargo

Published 08 Jun, 2017 11:53am

Energy

Hong Kong stocks rise, aided by solid China trade data

SHANGHAI: Hong Kong's benchmark Hang Seng Index climbed to another 23-month closing high on Thursday, as China's solid M

Published 08 Jun, 2017 09:20am

Energy

Oil rises off one-month lows struck after surprise stock build

TOKYO: Crude futures edged up in early Asian trading on Thursday following heavy losses in the previous se

Published 08 Jun, 2017 05:28am

Energy

Middle East Crude-Trade still thin as OSPs awaited

SINGAPORE: Middle East crude benchmarks were steady in thin activity on Wednesday as the market awaited the release of I

Published 07 Jun, 2017 04:27pm

Energy

Oil dips on glut concerns, but Mideast tension supports

SINGAPORE :Oil prices dipped on Wednesday, with Brent crude futures falling below $50 per barrel, as fuel markets re

Published 07 Jun, 2017 09:04am

Energy

Oil dips on glut concerns, but Mideast tension, falling US stocks support

SINGAPORE: Oil prices dipped on Wednesday, with Brent crude futures around $50 per barrel, as global fuel

Published 07 Jun, 2017 05:25am

Energy

Asia Distillates-Jet fuel differential steady but Indian supply weighs

SINGAPORE: The Asian jet fuel cash differential remained steady on Tuesday but spot supply from India could weigh on it,

Published 06 Jun, 2017 12:31pm

Energy

Asia Naphtha/Gasoline-Naphtha margin slips in quiet trade

SINGAPORE: The Asian naphtha margin slipped on Tuesday in quiet trade but a buy tender by Unipec could lift it later, in

Published 06 Jun, 2017 12:28pm

Energy

Oil subdued on worries Middle East rift will undermine output cuts

SINGAPORE: Oil prices bounced around low levels in choppy trading on Tuesday, with Brent crude holding below $50 ove

Published 06 Jun, 2017 09:17am

Energy

Oil prices slide over worries Middle East rift will undermine output cuts

SINGAPORE: Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and sever

Published 06 Jun, 2017 05:00am

Energy

Oil gains more than 1pc on Middle East schism, tightening supply

SINGAPORE: Oil markets rose more than 1 percent on Monday, pushed up by tensions in the Middle East where top crude

Published 05 Jun, 2017 07:14am

Energy

Azeri refined oil product exports down 32.6pc Jan-May yr/yr

BAKU: Azerbaijan's exports of refined oil products fell 32.6 percent year-on-year in January-May to 386,782 tonnes from

Published 01 Jun, 2017 05:28pm

Energy

Asia Naphtha/Gasoline-Gasoline stays firm; naphtha gains

SINGAPORE: Asia's naphtha crack rose for the third straight session on Thursday to reach $59.43 a tonne, making this the

Published 01 Jun, 2017 02:48pm

Energy

Asia Fuel Oil-380-cst time spreads bid higher, weak demand for cargoes

SINGAPORE: The 380-cst prompt-month time spread traded higher on Thursday, narrowing its discounts to its lowest in abou

Published 01 Jun, 2017 02:18pm

Energy

Asia-Pacific Crude-Market focuses on outstanding tenders

SINGAPORE: Activity on the Asia-Pacific market was muted on Thursday with traders focusing their attention on

Published 01 Jun, 2017 01:54pm

Energy

Oil futures rise on US stockpile draw, doubts over climate accord

TOKYO: Oil futures rose on Thursday from a three-week low touched the previous session, buoyed by expectat

Published 01 Jun, 2017 08:45am

Energy

Japan oil sales fall to lowest in at least 28 years for April

TOKYO: Japan's oil sales were 13.92 million kilolitres (2.92 million barrels per day) last month, down 2.3 percent from

Published 31 May, 2017 12:24pm

Energy

Asia Naphtha/Gasoline-Gasoline hits 5-week high; naphtha also gains

SINGAPORE: Asia's naphtha crack extended gains to touch a six-session high of $58.18 a tonne as buyers sought first-half

Published 31 May, 2017 11:27am

Energy

LNG sellers, Asian buyers spar as contract fight brews amid supply glut

SINGAPORE: A spat brewing between Qatar, the world's No.1 producer of liquefied natural gas (LNG), and its biggest custo

Published 31 May, 2017 11:21am

Energy

Oil falls as rising Libyan, US output undermines cuts

SINGAPORE: Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing US productio

Published 31 May, 2017 05:50am

Energy

Asia Naphtha/Gasoline-Naphtha gains but gasoline slips

SINGAPORE: Asia's naphtha crack was at a one-week high of $57.78 a tonne on Tuesday as demand stayed firm with South Kor

Published 30 May, 2017 12:30pm

Energy

Asia Fuel Oil-Refining margins seen remaining firm amid OPEC cuts, refinery upgrades

SINGAPORE: Fuel oil refining margins have been high across all major regions this year and the extension of the OPEC cut

Published 30 May, 2017 12:03pm

Energy

Middle East Crude-Benchmarks weaken as July trade slows

SINGAPORE: The Middle East crude market weakened for a second consecutive session on Tuesday as trade for July-loading c

Published 30 May, 2017 11:47am

Energy

Oil dips as ongoing glut outweighs strong start to summer driving

SINGAPORE: A run by US oil prices towards $50 a barrel ran out of steam on Tuesday as persistent concerns

Published 30 May, 2017 05:57am

Energy

Asia Naphtha/Gasoline-Gasoline at a month's high on demand

SINGAPORE: Asia's gasoline crack spread hit a one-month high of $10.53 a barrel on Monday, supported by firm demand in E

Published 29 May, 2017 11:38am

Energy

Asia-Pacific Crude-Pertamina seeks Aug-Dec crude; Thai spot tender awaited

SINGAPORE: Trade for July-loading cargoes has slowed, with most cargoes committed and the market shifting focus to regio

Published 29 May, 2017 11:31am

Energy

Asia Distillates-Gasoil 500ppm grade premium edges towards one-week high

SINGAPORE: Asia's gasoil 500ppm cash premium to Singapore quotes edged towards a one-week high of 20 cents a barrel on M

Published 29 May, 2017 11:22am

Energy

Oil dips as US drilling undermines drive to tighten markets

SINGAPORE: Oil prices dipped on Monday as a relentless rise in US drilling undermined an OPEC-led push to

Published 29 May, 2017 07:40am

Energy

Oil prices rise in anticipation of extended OPEC-led output cut

SINGAPORE: Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 20

Published 25 May, 2017 06:28am

Energy

Asia Fuel Oil-Oversold refining margins halt losses

SINGAPORE: Singapore fuel oil refining margins against Brent and Dubai crude traded higher on Wednesday, snapping three

Published 24 May, 2017 01:56pm

Energy

Oil prices rise as market expects extended production cut

SINGAPORE: Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening sup

Published 24 May, 2017 06:25am

Energy

Asia Naphtha/Gasoline-Naphtha recovers from 5-month low on demand

SINGAPORE: Steady demand helped Asia's naphtha crack recover marginally to $57.50 a tonne from a five-month low hit in t

Published 19 May, 2017 01:14pm

Energy

China's LNG import terminals and plans

BEIJING: ENN Group, China's first private company to get state approval to build and operate a liquefied natural gas imp

Published 19 May, 2017 01:08pm

Energy

Azerbaijan believes global oil cut deal should be scrapped sooner than planned

BAKU: A global oil production cut deal should be scrapped sooner than planned, Azerbaijan's energy ministry said on Frid

Published 19 May, 2017 12:42pm

Energy

Oil down as market stays well supplied despite OPEC cuts

LONDON: Oil prices slipped on Thursday as the market remained well supplied with crude despite efforts by OPEC and o

Published 18 May, 2017 08:52am

Energy

India's MRPL to shut 96,000 bpd crude unit for 25 days in Sept-Oct

NEW DELHI: India's Mangalore Refinery and Petrochemicals Ltd (MRPL) plans to shut a 96,000 barrels per day (bpd) crude u

Published 17 May, 2017 01:27pm

Energy

Oil dips on rising US crude inventories, defies expected supply cut extension

SINGAPORE: Oil prices fell on Wednesday after data showed an increase in US crude inventories, stoking concerns that mar

Published 17 May, 2017 07:00am

Energy

South Korea April import prices rise most in 3 months on oil jump

SEOUL: South Korea's annual import prices grew at their fastest pace in three months in April on the back of rising glob

Published 16 May, 2017 10:34pm

Energy

Oil rises on expectations of extended supply curbs

LONDON: Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolongin

Published 16 May, 2017 10:26am

Energy

Saudi Arabia, Russia push to extend oil output cut until March 2018

BEIJING: Saudi Arabia and Russia, the world's top two oil producers, agreed on Monday on the need to extend output cuts

Published 15 May, 2017 03:45pm

Energy

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018

SINGAPORE: Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world's two bigg

Published 15 May, 2017 06:22am

Energy

Oil up on falling US inventories, Saudi cuts to Asia

LONDON: Oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a fall in U

Published 11 May, 2017 10:10am

Energy

Qatar raises crude prices in April

SINGAPORE: Qatar raised the April official selling price (OSP) for Marine crude oil to $51.45 a barrel, up 90

Published 10 May, 2017 01:15pm

Energy

Oil up after US inventories fall more than expected

LONDON: Oil prices rose on Wednesday after a larger than expected fall in US crude inventories and on attempts by OPEC t

Published 10 May, 2017 09:15am

Energy

Oil gives up earlier gains as rising US output, China concerns weigh

SINGAPORE: Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless r

Published 09 May, 2017 05:56am

Energy

Middle East Crude-Benchmarks edge up, trade thin ahead of OSP releases

SINGAPORE: Trade for July-loading Middle East cargoes remained thin on Monday as the market awaited the release of more

Published 08 May, 2017 06:07pm

Energy

Malaysia's Petronas targets new markets for LNG

KUALA LUMPUR: Malaysian oil company Petronas is looking to tap new markets to sell liquefied natural gas, including as f

Published 08 May, 2017 04:48pm

Energy

Oil up as OPEC cuts outweigh US drilling boom

LONDON: Oil prices rose on Monday as talk of further supply cuts by major OPEC exporters outweighed the prospe

Published 08 May, 2017 08:58am

Energy

Asia Naphtha/Gasoline-Naphtha up but 25pc lower vs a month ago

SINGAPORE: Asia's naphtha crack was at a three-session high of $61.08 a tonne on Thursday, but the value was 25 percent

Published 04 May, 2017 03:43pm

Energy

Asia-Pacific Crude-Market awaits tender awards, July offers

SINGAPORE: Activity on the Asia-Pacific crude market remains thin as offers for July-loading cargoes have yet to emerge

Published 04 May, 2017 03:35pm

Energy

Middle East Crude-Dubai falls to 5-week low as glut persists

SINGAPORE: Middle East crude benchmarks fell below $50 per barrel on Wednesday, the lowest in about five weeks as supply

Published 03 May, 2017 02:38pm

Energy

Asia Fuel Oil-380-cst premiums extend gains, visco and 180cst spreads spike

SINGAPORE: 380-cst cash premiums extended gains made in the previous session to reach a four-month high on Wed

Published 03 May, 2017 01:44pm

Energy

Vietnam's April crude oil output seen down 13.1pct y/y at 1.13mn T

HANOI: Vietnam's crude oil output in April is estimated at 1.13 million tonnes (276,000 barrels per day), down 13.1 perc

Published 28 Apr, 2017 03:47pm

Energy

Japan oil sales fall to lowest in over 40 years for month of March

TOKYO: Japan's oil sales last month were 15.9 million kilolitres (3.23 million barrels per day), down 3.7 percent from a

Published 28 Apr, 2017 02:47pm

Energy

Fuel costs tip Indonesian airline Garuda into first-quarter loss

JAKARTA: Higher fuel costs tipped Indonesian state-controlled airline PT Garuda Indonesia Tbk into a first-quarter net l

Published 28 Apr, 2017 02:43pm

Energy

Asia-Pacific Crude-June Australian grades mostly sold; Thai tender awaited

SINGAPORE: The Asia-Pacific market is turning its attention to regional import tenders after most June-loading regional

Published 27 Apr, 2017 02:09pm

Energy

Asia Fuel Oil-Prompt spreads rise as Singapore inventories sink to a 3-month low

SINGAPORE: The 380-cst front-month time spread widened its backwardated structure on Thursday, pointing to further signs

Published 27 Apr, 2017 02:07pm

Energy

Oil prices fall on lingering oversupply concerns

SINGAPORE: Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, tho

Published 27 Apr, 2017 05:26am

Energy

Asia Naphtha/Gasoline-Cracks fall but India naphtha premiums up

SINGAPORE: Asia's naphtha crack eased to a two-session low of $80.53 a tonne on Wednesday after hitting a three-week hig

Published 26 Apr, 2017 05:13pm

Energy

Oil falls on bulging US crude inventories, record global supplies

SINGAPORE: Oil prices resumed their downward trend on Wednesday as data showed a rise in US crude inventories

Published 26 Apr, 2017 05:21am

Energy

Azeri Absheron gas field could start production at end-2019

BAKU: Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or ear

Published 25 Apr, 2017 03:15pm

Energy

Asia Distillates-Diesel gains as supply remains tight

SINGAPORE: Asian diesel premiums gained on Tuesday as supply of the fuel remained tight, traders said.

TIGHT SUPPLY

Published 25 Apr, 2017 02:05pm

Energy

Asia-Pacific Crude-Market awaits June-loading Kimanis deals

SINGAPORE: Trade in Kimanis crude remains thin as no deals for June-loading cargoes of the grade have yet to be done des

Published 25 Apr, 2017 01:46pm

Energy

Asia Fuel Oil-Refining margins at 6-week high, physical premiums edge higher

SINGAPORE: Fuel oil refining margins edged higher to a six-week high on Tuesday, buoyed by weak crude oil prices, while

Published 25 Apr, 2017 01:44pm

Energy

OPEC heads for failure as crude shipments overwhelm cut rhetoric

SINGAPORE: Is it yet time to call the crude oil output cuts by OPEC and its allies a failure? Certainly the

Published 25 Apr, 2017 01:25pm

Energy

Oil edges up after six days of straight losses

SINGAPORE: Oil prices inched up on Tuesday but markets remain under pressure following six consecutive sessions of decli

Published 25 Apr, 2017 05:17am

Energy

Brent crude's premium to Dubai drops to lowest since 2010

SINGAPORE: Brent crude's premium to Dubai dropped to 55 cents a barrel for June on Monday, the narrowest spread between

Published 24 Apr, 2017 01:01pm

Energy

China stocks post worst day this year as regulators tighten grip

SHANGHAI: China stocks tumbled more than 1 percent on Monday in their worst day this year amid signs that Beijing will t

Published 24 Apr, 2017 01:00pm

Energy

Asia Naphtha/Gasoline-Naphtha gains as demand soaks up supplies

SINGAPORE: Asia's naphtha crack hit a six-session high of $78.63 a tonne on Monday following recent demand and fewer car

Published 24 Apr, 2017 12:29pm

Energy

Atlantic Basin crude flow to Asia to rise after Brent premium to Dubai hits near 6-yr low

SINGAPORE: The price gap between Atlantic Basin sweet crude against Middle East sour grades hit its narrowest since 2010

Published 24 Apr, 2017 12:25pm

Energy

Asia Distillates-Vietnam spot demand to boost gasoil prices

SINGAPORE: Spot demand from Vietnam amid tighter availability of gasoil is expected to boost prices and margins for the

Published 24 Apr, 2017 12:03pm

Energy

Middle East Crude-Dubai recovers after Total, Shell buy partials

SINGAPORE: The Middle East crude benchmarks edged up on Monday, with Dubai recovering to levels seen a week ago after To

Published 24 Apr, 2017 11:57am

Energy

Oil recovers some ground, rise in US drilling caps gains

LONDON: Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC wil

Published 24 Apr, 2017 09:48am

Energy

Oil prices claw back some losses, but oversupply still weighs

SINGAPORE: Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop

Published 20 Apr, 2017 06:29am

Energy

Asia-Pacific Crude-Vietnamese crude premiums fall; more offers emerge

SINGAPORE: June-loading Vietnamese crude premiums weakened amid the emergence of more offers and as the supply glut in t

Published 17 Apr, 2017 02:58pm

Energy

Asia Distillates-Jet fuel margin firms on limited supply

SINGAPORE: The Asian jet fuel margin gained on Monday on the back of limited spot cargoes from North Asia though spot su

Published 17 Apr, 2017 02:50pm

Energy

Oil falls after failed N. Korean missile test, US rig count gains

TOKYO: Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is contin

Published 17 Apr, 2017 05:13am

Energy

Azerbaijan's Q1 oil exports down 10pc year-on-year

BAKU: Azerbaijan exported 4.867 million tonnes in the first quarter of this year, the state customs service sa

Published 13 Apr, 2017 05:19pm

Energy

China crude oil imports hit record, shatter expectations

BEIJING: China's crude oil imports surged to all-time high in March to nearly 9.2 million barrels per day (bpd

Published 13 Apr, 2017 06:12am

Energy

Higher fuel prices drive up India's inflation to five-month high

NEW DELHI: Higher fuel costs drove up India's headline inflation to its highest level in five months in March,

Published 12 Apr, 2017 05:54pm

Energy

Oil prices rise on potential extension of output cuts

SINGAPORE: Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains sinc

Published 12 Apr, 2017 08:47am

Energy

Oil eases from 5-week top, rising US production weighs

SINGAPORE: Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concern

Published 11 Apr, 2017 06:36am

Energy

Oil prices firm on strong demand, political uncertainty in Syria

SINGAPORE: Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although anoth

Published 10 Apr, 2017 03:35am

Energy

Middle East Crude-Steady ahead of more OSPs

SINGAPORE: The Middle East crude benchmarks were little changed on Friday as traders await more official selli

Published 07 Apr, 2017 02:58pm

Energy

Asia Naphtha/Gasoline-Naphtha up; east-bound cargoes seen lower

SINGAPORE: Asia's naphtha crack recovered marginally to $75.60 a tonne on Friday after falling to a 1-1/2 week low the p

Published 07 Apr, 2017 02:26pm

Energy

Sinopec exports first diesel cargo under general trade terms in 13 years

BEIJING: Top Asian refiner Sinopec Crop exported its first refined fuel cargo under so-called general trade terms in 13

Published 07 Apr, 2017 01:13pm

Energy

Crude prices jump after US strike on Syria

SINGAPORE: Oil prices rallied on Friday after the United States launched a missile strike against Syria, sparking fears

Published 07 Apr, 2017 10:31am

Energy

Oil prices fall on bloated US market, but other regions tighten

SINGAPORE: Oil prices fell on Thursday as record US crude inventories underscored that markets remain bloated,

Published 06 Apr, 2017 06:47am

Energy

Oil rises to near 1-month high on tightening of supplies

SINGAPORE: Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil in

Published 05 Apr, 2017 06:48am

Energy

Azerbaijan oil output falls to 733,300 bpd in March-energy ministry

BAKU: Azerbaijan produced 733,300 barrels per day (bpd) of crude oil in March, sticking to its pledge to reduc

Published 03 Apr, 2017 05:35pm

Energy

Vietnam's March crude oil output seen down 14pc y/y at 1.17mn tonnes

HANOI: Vietnam's crude oil output in March is estimated at 1.17 million tonnes (276,000 barrels per day), down

Published 29 Mar, 2017 01:55pm

Energy

China oil giant Sinopec posts 44pc jump in net profit

SHANGHAI: State-owned Chinese energy major Sinopec said 2016 net profit jumped 44 percent, its first annual profit r

Published 27 Mar, 2017 09:08am

Energy

Kazakhstan's oil output in Feb exceeds level agreed with OPEC

MOSCOW: Kazakhstan's oil production in February exceeded its agreed limit under an OPEC-led deal to cut output and support prices, official Kazakh data showed on Monday.

Published 13 Mar, 2017 06:49pm

Energy

Middle East Crude-Dubai falls further; light sour grades pressured

SINGAPORE: The physical market for Middle East crude oils was thin on Friday as traders await the release of Basrah loading programmes.

Published 10 Mar, 2017 12:49pm

Energy

Oil prices rise on output cuts, but US stockpiles drag

SEOUL: Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.

Published 09 Mar, 2017 08:13am

Energy

Asia-Pacific Crude-Condensate market under pressure

SINGAPORE: Premiums for May-loading regional condensate are expected to fall amid weak naphtha refining margins and the possibility of prompt offers for Australian grades in the wake of reduced operating rates at a regional condensate splitter.

Published 08 Mar, 2017 11:44am

Energy

Asia Distillates-Gasoil firms on spot Vietnam demand

SINGAPORE: Asian gasoil cash differentials rose on Wednesday, boosted by spot demand from Vietnam, industry sources said.

Published 08 Mar, 2017 11:23am

Energy

Asia-Pacific Crude-May premiums under pressure amid falling margins, oversupply

SINGAPORE: Premiums for May-loading regional crude and condensate are under pressure from a crash in light distillate refining margins and a supply glut caused by increased arbitrage flows to the region.

Published 07 Mar, 2017 11:38am

Energy

Asia-Pacific Crude-April Australian heavy sweet crude values fall

SINGAPORE: April premiums for Australian heavy sweet crude fell amid weaker refining margins for fuel oil and middle distillates, and as the deals were done late in the trading cycle after most refiners had already secured necessary feedstock.

Published 03 Mar, 2017 12:37pm

Energy

Asia Distillates-500 ppm grade strengthens; reaches 3-month high

SINGAPORE: Asia's gasoil cash differential for 500 ppm grade strengthened 5 cents to a 15 cents a barrel premium to Singapore quotes, the strongest since Nov.

Published 03 Mar, 2017 12:30pm

Energy

Asia-Pacific Crude-Offers for May-loading Vietnamese crude emerge

SINGAPORE: Offers for May-loading Vietnamese crude were released on Thursday even as various April cargoes from last month remain uncommitted.

Published 02 Mar, 2017 01:40pm

Energy

Asia-Pacific Crude-Trade activity slows

SINGAPORE: Trade on the Asia-Pacific market was muted on Thursday as traders focus on remaining sell tenders that are due to close in the coming days.

Published 23 Feb, 2017 12:42pm

Energy

Asia Distillates-Jet fuel firms as cooler weather supports

SINGAPORE: Asia's jet fuel cash differential strengthened on the back of demand boosted by colder-than-expected weather, with the discount narrowing to 17 cents a barrel on Tuesday from a 21 cent discount in the previous session.

Published 07 Feb, 2017 02:07pm

Energy

Asia Fuel Oil-Spreads and differentials narrow in thin trade

SINGAPORE: Asian fuel oil differentials and time spreads narrowed slightly on Monday, although traders said the more positive mood could be short-lived as more volumes arrive from the West in the coming weeks.

Published 06 Feb, 2017 01:31pm

Energy

Azerbaijan ships 80,000 tonnes of oil via Russia in Jan '17

BAKU: Azerbaijan's state oil company SOCAR shipped 79,935 tonnes of oil via Russia in January, it said on Wednesday.

Published 01 Feb, 2017 05:13pm

Energy

Asia Fuel Oil-Time spreads snap downward trend but upside seen limited

SINGAPORE: Time spreads of 380-cst fuel oil on Wednesday recovered some of the previous session's losses that had pushed some spreads contracts to fresh lows, but most traders still see more downside risk than upside potential in February amid steady

Published 01 Feb, 2017 01:17pm

Energy

Asia Fuel Oil-Prompt spreads weaken further, drifting from fundamentals

SINGAPORE: The prompt-month time spreads of 380-cst fuel oil slipped to three-month low on Thursday despite a narrow decline in onshore Singapore inventories of the industrial fuel in a move that some traders said was drifting away from near-term fundamen

Published 26 Jan, 2017 01:02pm

Energy

Middle East Crude-Benchmark dips; light grades remain weak

SINGAPORE: Middle East crude benchmarks dipped on Friday amid wide discounts for light sour crude from the region.

Published 20 Jan, 2017 12:10pm

Energy

Asia Fuel Oil-Market steady as cost of resupply limits downside

SINGAPORE: Asia's high sulphur fuel oil market complex was little changed on Wednesday after two sessions of declines, supported by higher-cost replacement barrels stemming from structurally tighter global supplies.

Published 18 Jan, 2017 03:43pm

Energy

Asia Fuel Oil-Buying interest boosts 380-cst premiums further

SINGAPORE: Cash premiums of Asia's 380-cst fuel oil rose for a fourth consecutive session on Monday, lifted by continued buying interest for prompt cargoes and improved market sentiment.

Published 16 Jan, 2017 07:48pm

Energy

Asia Naphtha/Gasoline-Naphtha slips; gasoline at 9-1/2 month high

SINGAPORE: Asia's naphtha crack fell 5 percent on Friday to $105.

Published 13 Jan, 2017 01:12pm

Energy

Asia-Pacific Crude-Market awaits March offers; arbitrage to Asia seen open

SINGAPORE: Trade for March-loading Asia-Pacific crude is off to a slow start as traders await greater clarity on regional loading programmes and as Asian refiners have this week shifted focus to managing supply cuts from OPEC producers.

Published 11 Jan, 2017 12:19pm

Energy

Asia Naphtha/Gasoline-Naphtha goes higher; buyers keep coming

SINGAPORE: Asia's naphtha crack rose for the sixth straight session on Tuesday to nearly 9-1/2 month high of $93.

Published 10 Jan, 2017 02:23pm

Energy

Asia Fuel Oil-Fuel market stable in thin trading

SINGAPORE: Asia's fuel oil market was stable in thin trading on Friday even as cash differentials for 180- and 380-cst high sulphur fuel oil narrowed slightly.

Published 06 Jan, 2017 02:01pm

Energy

Oil steady in quiet holiday season trade; supply cut deal to kick in Jan 1

TOKYO: Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC members in 15 years is scheduled to kick

Published 27 Dec, 2016 06:41am

Energy

Oil prices rise on weaker dollar, optimism on output cuts

SINGAPORE: Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism that crude producers would abide by an agreement to curb output to prop up markets.

Published 22 Dec, 2016 07:23am

Energy

China Nov crude oil imports from Saudi Arabia up 29.19pc: y/y

BEIJING: China's November crude oil imports from Saudi Arabia jumped 29.

Published 22 Dec, 2016 07:02am

Energy

Middle East Crude-Benchmarks rise; more February ESPO crude on offer

SINGAPORE: The Middle East crude benchmark Dubai rose on Wednesday on expectations that the OPEC and non-OPEC output deal to reduce production will start to tighten supplies.

Published 21 Dec, 2016 07:38pm

Energy

Asia Naphtha/Gasoline-Gasoline hits three-week high

SINGAPORE: Asia's naphtha crack was at a three-session high of $66.

Published 21 Dec, 2016 07:00pm

Energy

Asia Fuel Oil-Cash premiums slip as BP undercuts suppliers

SINGAPORE: Cash premiums of 380-cst fuel oil sagged to a near two-week low after aggressive selling by BP in the Platts window, industry sources said.

Published 21 Dec, 2016 06:59pm

Energy

Asia Distillates-Discount widens on higher supplies ahead

SINGAPORE: Asia's cash discount for 500ppm gasoil widened 27 percent to 38 cents a barrel on Wednesday, the steepest discount in about two weeks as the pressure of high supply in the next months weighed.

Published 21 Dec, 2016 06:59pm

Energy

Oil prices edge up on expected US crude inventory draw

SINGAPORE: Oil prices nudged higher on Wednesday on expectations of a U.

Published 21 Dec, 2016 08:11am

Energy

India's Iran oil imports slide 19pc in Nov, Saudi regains top supplier slot

NEW DELHI: India's oil imports from Iran fell 19 percent in November from a record high the previous month after regional rivals Saudi Arabia and Iraq raised sales to the world's third-biggest oil consumer, regaining their positions as the top two

Published 21 Dec, 2016 07:49am

Energy

Asia Distillates-Gasoil cash discount narrows on tighter supplies

SINGAPORE: The cash discount on Asia's 500ppm gasoil grade was at its narrowest for this month on Monday at 10 cents a barrel, thanks to tighter global supplies and firmer demand especially in India.

Published 19 Dec, 2016 08:13pm

Energy

Oil prices rise in anticipation of tighter 2017 market

SINGAPORE: Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.

Published 19 Dec, 2016 06:27am

Energy

Asia Fuel Oil-Ex-wharf premiums rise as prompt supply weighs

SINGAPORE: Ex-wharf premiums in Asia's fuel oil markets rose on Friday as fewer supplier offers failed to meet firm demand for the marine fuel at a time when buyers are keen to lock in supplies ahead of the holiday season this month, industry sources

Published 16 Dec, 2016 01:39pm

Energy

Russia's Gazprom Neft sees 2017 oil output 'slightly' higher

TOKYO: Russian oil producer Gazprom Neft said on Friday its average output next year would be slightly higher than in 2016 despite Russia's deal with OPEC to cut production.

Published 16 Dec, 2016 01:33pm

Energy

Oil prices stabilise after Fed hike as tighter market looms

SINGAPORE: Oil prices stabilized on Thursday as a tighter market looms in 2017 due to planned output cuts led by OPEC and Russia, after sharp declines earlier following Wednesday's U.

Published 15 Dec, 2016 07:29am

Energy

Oil prices fall on rising US crude stocks, OPEC output concerns

SINGAPORE: Oil prices fell on Wednesday following a reported rise in U.

Published 14 Dec, 2016 06:53am

Energy

Iran crude oil exports to hit 5-month low in Dec

TOKYO: Iran's crude oil exports in December are set to fall 8 percent from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower shipments to China and others in Asia offset bumper exports to Europe.

Published 14 Dec, 2016 06:43am

Energy

Middle East Crude-Benchmarks soften despite ADNOC cuts

SINGAPORE: The Middle East crude benchmarks softened on Tuesday amid ample supplies despite OPEC's pledges to cut production from January.

Published 13 Dec, 2016 07:26pm

Energy

Asia Fuel Oil-Hedging activity lifts swap values

SINGAPORE: Values of near-dated 380-cst fuel oil flat price swaps traded on the Intercontinental Exchange (ICE) were higher on Tuesday amid hedging activity by buyers of the fuel who were looking to take advantage of the dip in prices in the previous sess

Published 13 Dec, 2016 07:14pm

Energy

Oil prices stable, supported as output cuts hit market

SINGAPORE: Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organised by OPEC and other exporters materialised, tightening a market that has been grappling with years of oversupply.

Published 13 Dec, 2016 07:03am

Energy

Saudis order oil cuts to US, Europe ahead of non-OPEC talks

SINGAPORE/TOKYO/DUBAI: Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signalled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.

Published 09 Dec, 2016 01:27pm

Energy

Oil extends gains on hopes for non-OPEC output cuts

TOKYO: Oil prices extended gains on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production, but the upside was limited amid uncertainty over the size of the production curbs.

Published 09 Dec, 2016 07:53am

Energy

Qatar cuts crude prices for November

SINGAPORE: Qatar has set its November retroactive official selling price (OSP) for its Marine crude at $43.

Published 08 Dec, 2016 02:08pm

Energy

Asia Naphtha/Gasoline-Naphtha edges up, fundamentals remain weak

SINGAPORE: Asia's naphtha crack was up marginally at $58.

Published 08 Dec, 2016 01:50pm

Energy

Asia Distillates-Gasoil differentials rise as 27 cargoes change hands

SINGAPORE: Asian gasoil differentials edged higher on Thursday on the back of a wave of deals, in which 27 cargoes changed hands, trade sources said.

Published 08 Dec, 2016 01:32pm

Energy

China Nov crude imports up 18pc on year, fuel exports at record

BEIJING: China's crude oil imports rebounded strongly in November from the previous month and were up 18 percent on a year ago, while exports of refined fuel hit a record high as refiners rushed to ease an expanding domestic surplus.

Published 08 Dec, 2016 08:51am

Energy

Oil prices shed early gains amid doubts over OPEC output cut

SEOUL/SINGAPORE: Oil prices erased early gains to trade almost flat in Asian session on Thursday on mixed U.

Published 08 Dec, 2016 08:23am

Energy

China's end October fuel inventory falls to 12-month low; crude stocks drop

BEIJING: China's October fuel inventory fell almost 2 percent from the previous month to 15.

Published 28 Nov, 2016 07:12am

Energy

Oil prices fall over doubts of planned crude output cut

SINGAPORE: Oil prices fell on Monday, adding to Friday's steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply.

Published 28 Nov, 2016 06:58am

Energy

GLOBAL LNG-Asian spot LNG prices fall from near one-year high

SINGAPORE: Asian spot liquefied natural gas prices retreated this week from a near one-year high with demand easing after North Asian utilities had mostly covered their requirements for winter.

Published 25 Nov, 2016 05:35pm

Energy

Asia-Pacific Crude-January Kimanis crude values rise

SINGAPORE: Premiums for January-loading Kimanis cargoes rose on Friday on keen demand for middle distillate-rich grades during winter.

Published 25 Nov, 2016 05:18pm

Energy

Asia Distillates-Brisk gasoil deals; China exports down from record

SINGAPORE: Asia's gasoil differentials were stable on Friday after rising in the previous session as Singapore's cash trade volumes remained brisk.

Published 25 Nov, 2016 04:29pm

Energy

Azerbaijan expects 4.7pc drop in oil exports via BTC in 2017

BAKU: Azerbaijan expects a 4.

Published 25 Nov, 2016 01:59pm

Energy

Vietnam axes $538mn oil refinery project due to delays

HANOI: Vietnam has decided to scrap a $538-million oil refinery project in the country's southern region after investors failed to start construction around eight years after they received the licence, a provincial government official said on Friday.

Published 25 Nov, 2016 07:44am

Energy

Asia Naphtha/Gasoline-Gasoline at 3-week high; Unipec eyes term deal

SINGAPORE: Asia's naphtha crack rose marginally from a two-week low to a two-session high on Thursday to reach $76.

Published 24 Nov, 2016 03:17pm

Energy

Oil prices static on uncertainty over planned production cut

SINGAPORE: Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.

Published 24 Nov, 2016 07:05am

Energy

IEA expects oil investment to fall for third year in 2017

TOKYO: Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists, stoking volatility in crude markets, the head of the International Energy Agency (IEA) said on Thursday.

Published 24 Nov, 2016 06:55am

Energy

Asia Naphtha/Gasoline-Naphtha down; petrochemical margins to hold firm

SINGAPORE: Asia's naphtha crack for first-half January extended losses for the third straight day on Wednesday to reach a two-week low of $76.

Published 23 Nov, 2016 03:46pm

Energy

Asia Fuel Oil-Fresh arrivals ease premiums but quality still a concern

SINGAPORE: Cash premiums for Asia's fuel oils eased as vessels offloaded fresh arbitrage cargoes and other vessels queued up outside Singapore's terminals, but traders remained concerned about the quality of fuel oil aboard the ships.

Published 23 Nov, 2016 03:45pm

Energy

Indian Oil plans $5.5bn expansion of refinery co-owned by Iran

NEW DELHI: An Indian Oil Corp unit plans to invest $5.

Published 23 Nov, 2016 03:12pm

Energy

Thailand ups long-term LNG imports due to coal plant delays

BANGKOK: Thailand is increasing its planned long-term imports of liquefied natural gas (LNG) to meet rising demand after delays to the construction of coal-fired power plants, a senior official at energy ministry said on Wednesday.

Published 23 Nov, 2016 11:52am

Energy

Oil prices fall on renewed doubts over OPEC-led production cut

SINGAPORE: Oil prices fell in Asian trade on Wednesday, reversing earlier gains, as doubts re-emerged over whether OPEC would agree to a crude oil production cut at a ministerial meeting next week.

Published 23 Nov, 2016 08:12am

Energy

Asia Naphtha/Gasoline-Naphtha down despite buying interest

SINGAPORE: Asia's naphtha crack for first-half January was at a four-session low of $79.

Published 22 Nov, 2016 02:12pm

Energy

Asia-Pacific Crude-Australian condensate premium edges higher

SINGAPORE: Premiums for January-loading Australian North West Shelf (NWS) condensate edged higher on Tuesday, underpinned by Indonesian demand and firm naphtha and gasoline refining margins.

Published 22 Nov, 2016 02:11pm

Energy

Oil prices hit highest since October on hopes of OPEC-led output cut

SINGAPORE: Oil prices rose to their highest level since late October on Tuesday as the market priced in an expected output cut led by producer cartel OPEC, but analysts warned that a failure to agree a cut could lead to a depening supply glut by early 201

Published 22 Nov, 2016 06:16am

Energy

Kashagan oil field starts commercial output

ASTANA: The Kashagan oil field has started commercial output, Kazakhstan's energy minister said on Monday, marking a milestone for $55 billion project which is more than a decade behind its original production plan.

Published 21 Nov, 2016 02:29pm

Energy

Oil prices climb on expectation of OPEC-led production cut

SINGAPORE: Oil prices rose around 1 percent on Monday as OPEC moved closer to an output cut to rein in oversupply that has pressured prices for over two years.

Published 21 Nov, 2016 08:33am

Energy

Oil may rise to $55 if all producers cooperate

DUBAI: Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate.

Published 19 Nov, 2016 03:40pm

Energy

Asia Fuel Oil-180-cst complex strengthens on ample high-vis supplies

SINGAPORE: Asia's benchmark 180-cst fuel oil complex strengthened on Friday after a wave of high viscosity fuel oil arriving in Singapore stoked concerns of cutter stock availability, industry sources said.

Published 18 Nov, 2016 03:02pm

Energy

Asia Naphtha/Gasoline-Crack spreads widen on firm demand

SINGAPORE: Asia's gasoline crack spread hit a two-week high of $9.

Published 18 Nov, 2016 01:52pm

Energy

Asia Fuel Oil-380-cst complex firms as market shrugs off rising inventories

SINGAPORE: Asia's physical and swaps fuel oil markets shrugged off a sharp build in Singapore's onshore inventories of the industrial fuel amid continued concerns about prompt availability of on-specification cargoes and bunker fuels, industry sou

Published 17 Nov, 2016 03:13pm

Energy

Asia Naphtha/Gasoline-Naphtha strengthens on seasonal factors

SINGAPORE: Asia's naphtha crack rose to a three-session high of $80.

Published 17 Nov, 2016 02:45pm

Energy

Oil prices fall on US crude stock build, OPEC remains in focus

SINGAPORE: Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in US oil stocks.

Published 17 Nov, 2016 07:40am

Energy

Oil prices extend rally, shrug off US stock build

TOKYO: Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in US crude stocks, and adding to gains of nearly 6 percent from the previous session.

Published 16 Nov, 2016 08:12am

Energy

Oil prices rise on falling shale output, renewed hopes of OPEC cut

SINGAPORE: Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.

Published 15 Nov, 2016 08:08am

Energy

China Oct crude oil output drops to lowest since May 2009

BEIJING: China's daily crude oil production in October fell to the lowest in more than seven years, statistics burea

Published 14 Nov, 2016 09:18am

Energy

Oil steady near multi-month lows on OPEC output record, US rig count

TOKYO: Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC

Published 14 Nov, 2016 08:39am

Energy

Middle East Crude-Benchmarks rise on news al-Shaheen exports would drop

SINGAPORE: The Middle East crude benchmarks rose to their strongest this month on Friday on news that oilfield maintenan

Published 11 Nov, 2016 01:32pm

Energy

Asia-Pacific Crude-PV Oil offers Jan Thang Long crude

SINGAPORE: The Asia-Pacific crude market saw more offers emerging for January-loading after PV Oil issued a sell tender

Published 11 Nov, 2016 01:18pm

Energy

Asia Distillates-Jet fuel weakens against firm gasoil

SINGAPORE: The Asian jet fuel differentials weakened against stronger gasoil prices, boosted by demand from Winson Oil i

Published 11 Nov, 2016 11:43am

Energy

Asia Naphtha/Gasoline-Gasoline supported by Vietnam demand

SINGAPORE: Spot demand from Vietnam and term demand for reformate from Taiwan supported gasoline margins, traders said.P

Published 11 Nov, 2016 11:37am

Energy

Asia Fuel Oil-Ex-wharf premiums sink to 2-week low as supplies improve

SINGAPORE: Singapore ex-wharf premiums for the 380-cst fuel oil sank to a two-week low on Friday as indications of incom

Published 11 Nov, 2016 11:33am

Energy

Asia Naphtha/Gasoline-Term talks continue in Bahrain and Indonesia

SINGAPORE: Term talks continued for naphtha and gasoline on Thursday with Bahrain and Pertamina conducting negotiations

Published 10 Nov, 2016 01:30pm

Energy

Oil edges higher as markets recover from Trump's shock victory

SINGAPORE: Oil prices reversed some early losses to push higher on Thursday as markets recovered from their initial shoc

Published 10 Nov, 2016 07:58am

Energy

Oil stumbles as Trump stuns markets with White House win

SINGAPORE: Oil prices tumbled on Wednesday as Donald Trump stunned the world by winning the U.S. presidential election,

Published 09 Nov, 2016 08:16am

Energy

Asia-Pacific Crude-January Australian heavy crude supplies rise

SINGAPORE: Offers for January-loading regional grades have emerged following the release of various Australian crude loa

Published 08 Nov, 2016 03:31pm

Energy

China Oct crude oil imports at 10-month low as teapot pacing down

BEIJING: China's crude oil imports in October fell from a record high the previous month to its lowest on a daily ba

Published 08 Nov, 2016 08:09am

Energy

Oil prices steady ahead of US election, weak China data weighs

SINGAPORE: Oil prices were stable on Tuesday as financial investors and traders were cautiously positioning themselves f

Published 08 Nov, 2016 08:08am

Energy

Qatar raises Oct prices for Marine, Land crude

SINGAPORE: Qatar has set its October retroactive official selling price (OSP) for its Marine crude at $48.40 a barrel, u

Published 07 Nov, 2016 02:55pm

Energy

Asia Distillates-Vietnam demand, Winson Oil buys support gasoil

SINGAPORE: The Asian gasoil differentials remained steady on Monday, while the backwardation widened, supported by spot

Published 07 Nov, 2016 12:19pm

Energy

Oil prices bounce after OPEC reaffirms plan to cut output

SINGAPORE: Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers' club OPEC that

Published 07 Nov, 2016 08:17am

Energy

Asia Fuel Oil-Robust demand extends 380-cst cash, ex-wharf premiums

SINGAPORE: Cash and ex-wharf premiums of Asia's 380-cst fuel oil extended their gains on Friday after eager buyers s

Published 04 Nov, 2016 02:15pm

Energy

Japan seeks up to 31,000 tonne of LPG for national reserves

TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) on Friday issued a tender to buy liquefied petroleum g

Published 04 Nov, 2016 07:42am

Energy

Egypt increases fuel prices after devaluation

CAIRO: Fuel prices were to rise dramatically in Egypt on Friday after the central bank floated the currency to address a

Published 04 Nov, 2016 07:13am

Energy

UAE'S ADNOC sets Oct Murban crude OSP at $51.35/bbl

SINGAPORE: Abu Dhabi National Oil Company (ADNOC) raised the October retroactive official selling price for its benchmar

Published 03 Nov, 2016 03:09pm

Energy

Asia Fuel Oil-Tight prompt supplies, limited on-spec cargoes boost cash premiums

SINGAPORE: Cash premiums of Asia's 380-cst fuel oil jumped on Thursday amid ongoing concerns of limited availability

Published 03 Nov, 2016 03:07pm

Energy

Asia Naphtha/Gasoline-Naphtha margin rises to seven-month high

SINGAPORE: The Asian naphtha margin climbed to a seven-month high on Thursday as demand continued to be firm in the regi

Published 03 Nov, 2016 02:46pm

Energy

Iran oil exports hit 2.44mn bpd

TEHRAN: Iran boosted its oil exports to 2.44 million barrels per day in late October as it regains market share lost dur

Published 02 Nov, 2016 01:34pm

Energy

Oil extends losses after report shows surprise US stocks build

TOKYO: Crude oil prices fell for a fourth day on Wednesday, as jittery investors awaited official U.S. stockpile figures

Published 02 Nov, 2016 06:47am

Energy

Asia's Sept imports of Iranian oil rise 73pc from year ago

TOKYO: Imports of crude oil by Iran's four major buyers in Asia in September jumped more than 70 percent from a year

Published 31 Oct, 2016 08:23am

Energy

Oil falls as non-OPEC yet to pledge concrete output steps

TOKYO: Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limit

Published 31 Oct, 2016 08:22am

Energy

Oil lingers around $50 over doubts OPEC can coordinate output cut

SINGAPORE: Oil prices were stable on Thursday, lingering around $50 a barrel, as doubts over OPEC's ability to organ

Published 27 Oct, 2016 06:24am

Energy

Oil prices drop as concerns over global fuel glut re-emerge

SINGAPORE: Oil prices fell more than one percent on Wednesday as a report showing a surge in U.S. crude stocks, rising p

Published 26 Oct, 2016 08:03am

Energy

OPEC output cut may hasten oil market rebalance: IEA

SINGAPORE: The oversupplied oil market will be rebalanced earlier than expected if major crude producers implement a dea

Published 25 Oct, 2016 01:03pm

Energy

Oil prices dip on OPEC squabbles ahead of planned production cut

SINGAPORE: Oil prices dipped on Tuesday as disagreement flared within producer cartel OPEC on who should cut how much pr

Published 25 Oct, 2016 06:41am

Energy

Asia Distillates-Gasoil liquidity picks up

SINGAPORE: Liquidity picked up for gasoil in Singapore on Monday with 1.69 million barrels changing hands, the highest v

Published 24 Oct, 2016 04:56pm

Energy

Asia Fuel Oil-East-West spreads trade actively in cargo hedging

SINGAPORE: The 380-cst fuel oil East-West spreads were actively traded in the Intercontinental Exchange (ICE) on Monday

Published 24 Oct, 2016 04:55pm

Energy

Asia-Pacific Crude-Market awaits tender award results

SINGAPORE: Trade on the Asia-Pacific crude market was thin on Monday as traders awaited various tender results.Indonesia

Published 24 Oct, 2016 04:55pm

Energy

Asia-Pacific Crude-Pertamina buys NWS condensate, Vietnam offers more Dec crude

SINGAPORE: Indonesian state-controlled Pertamina partially awarded its condensate import tender on Friday, taking a carg

Published 21 Oct, 2016 06:14pm

Energy

Asia Fuel Oil-Cracks rise on firm demand and refinery maintenance

SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke was at its narrowest discount to Dubai crude in almost

Published 21 Oct, 2016 06:13pm

Energy

Asia Distillates-Gasoil margin edges higher ahead of peak winter demand

SINGAPORE: The Asian gasoil margin edged higher on Friday in anticipation of stronger demand from Europe during winter,

Published 21 Oct, 2016 06:13pm

Energy

As Iran oil tenders near, investors still in the dark on terms

TEHRAN/ISTANBUL: Two years after Iran pledged to open up its oil industry in anticipation of the lifting of sanctions, f

Published 20 Oct, 2016 04:50pm

Energy

Bangladesh tenders to import oil products for first half of 2017

DHAKA: Bangladesh Petroleum Corp (BPC) has issued an international tender to import oil products as part of efforts to b

Published 20 Oct, 2016 09:34am

Energy

Oil prices fall after strong rally, but sentiment remains confident

SINGAPORE: Oil prices fell on Thursday on profit-taking after markets rallied the previous day due to a draw in U.S. sto

Published 20 Oct, 2016 07:39am

Energy

Asia-Pacific Crude-Dec Australian NWS condensate premiums stay firm

SINGAPORE: Premiums for regional condensate strengthened after a December-loading Australian North West Shelf (NWS) cond

Published 19 Oct, 2016 01:12pm

Energy

Middle East Crude-Total, Chinaoil to deliver cargoes to Shell, CPC issues buy tender

SINGAPORE: Dubai crude rose for the third consecutive day on Wednesday after Shell continued its buying of December Duba

Published 19 Oct, 2016 12:34pm

Energy

Asia Distillates-Gasoil differentials rise on refinery maintenance

SINGAPORE: Asian gasoil differentials edged higher on Wednesday on the back of reduced supply as several refineries unde

Published 19 Oct, 2016 12:18pm

Energy

Asia Fuel Oil-Cash premiums rise as most suppliers pull back

SINGAPORE: Cash differentials for Asia's benchmark 180-cst and the actively traded 380-cst fuel oil grades widened t

Published 19 Oct, 2016 12:02pm

Energy

Coal: after the $100 per tonne boom, how long until the bust?

SINGAPORE: As Australian thermal coal prices hit $100 per tonne on Tuesday for the first time since 2012, the fuel's

Published 18 Oct, 2016 07:52pm

Energy

Asia-Pacific Crude-Dec Vietnam crude values hold firm; Petronas offers Kikeh

SINGAPORE: Premiums for December-loading Vietnamese crude held firm on demand from oil majors.Vietnamese state marketer

Published 18 Oct, 2016 04:26pm

Energy

Middle East Crude-Dubai edges higher on Shell purchases

SINGAPORE: Dubai edged higher in the Middle East crude market on Tuesday after Shell bought 15 of the 18 December partia

Published 18 Oct, 2016 04:06pm

Energy

Asia Distillates-Gasoil holds steady, demand firm

SINGAPORE: The Asian gasoil differentials held steady on Tuesday, but demand was firm in the region, with supply expecte

Published 18 Oct, 2016 04:06pm

Energy

Asia Fuel Oil-Largest 180-cst trades since Aug. 3 on lower prices

SINGAPORE: A total of 40,000 tonnes of benchmark 180-cst fuel oil exchanged hands in the Platts window on Tuesday, the h

Published 18 Oct, 2016 03:56pm

Energy

Asia Naphtha/Gasoline-Crack forges ahead on expected lower supplies

SINGAPORE: Asia's naphtha crack rose for the fourth straight session on Tuesday to reach $57.29 a tonne, its highest

Published 18 Oct, 2016 03:44pm

Energy

Oil rises as market could be closer to balance than expected

SINGAPORE: Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggeste

Published 18 Oct, 2016 08:37am

Energy

Oil edges up as analysts say market could be closer to balance than expected

SINGAPORE: Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggeste

Published 18 Oct, 2016 07:02am

Energy

Asia Fuel Oil-Steady with speculation on OPEC action in November

SINGAPORE: Asia's fuel oil markets were little changed at the start of the week with front month 380-cst time spread

Published 17 Oct, 2016 03:25pm

Energy

Asia Distillates-Gasoil improves on Winson Oil buys

SINGAPORE: The Asian gasoil differential climbed on Monday helped by firm demand from Singapore-registered Winson Oil, t

Published 17 Oct, 2016 03:19pm

Energy

Asia-Pacific Crude-More tenders, Dec loading programmes emerge

SINGAPORE: Activity on the Asia-Pacific crude market is picking up following the release of the Malaysian Kimanis Decemb

Published 17 Oct, 2016 03:17pm

Energy

Nigeria expects 22pc jump in oil output by end-Dec

NEW DELHI: OPEC member Nigeria expects its oil production rate to jump by 22 percent by the year-end to 2.2 million barr

Published 17 Oct, 2016 03:05pm

Energy

Middle East Crude-Thai state refiner issues IRPC import tender

SINGAPORE: Thailand state-refiner PTT has issued its monthly IRPC sour crude import tender, which could help to soak up

Published 17 Oct, 2016 02:57pm

Energy

Azerbaijan's oil output edges down 0.3pc in Jan-Sept y/y

BAKU: Azerbaijan produced 31.268 million tonnes of oil and gas condensate in January-September, 0.3 percent less than in

Published 17 Oct, 2016 02:35pm

Energy

Iran oil production to hit 4m bpd by March

TEHRAN: Iran said Monday its oil production capacity will hit four million barrels per day by March after it was exempte

Published 17 Oct, 2016 11:58am

Energy

Oil edges up on tighter US fuel market; doubts over OPEC cuts weigh

SINGAPORE: Oil prices edged up on Friday, pushed by a tighter US fuel market and as technical indicators attracted buyin

Published 14 Oct, 2016 07:52am

Energy

Asia-Pacific Crude-Activity for Australian cargoes pick up

SINGAPORE: Trade for Australian cargoes is set to pick up following the release of preliminary December loading programm

Published 13 Oct, 2016 07:35pm

Energy

Rosneft, Trafigura and UCP to buy India refiner for $12-$13bn

NEW DELHI: A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12-$13 billion deal includi

Published 13 Oct, 2016 04:49pm

Energy

Korea Gas Corp launches 4-cargo LNG buy tender to refill stocks

SINGAPORE/MILAN: Korea Gas Corp has launched a tender to buy up to four liquefied natural gas (LNG) cargoes for delivery

Published 13 Oct, 2016 03:44pm

Energy

Oil prices fall on higher OPEC output, rise in US crude stocks

SINGAPORE: Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight y

Published 13 Oct, 2016 09:24am

Energy

Middle East Crude-Benchmarks edge up; Basra supply to fall in Nov

SINGAPORE: Middle East crude benchmark Dubai edged up on Tuesday, supported by purchases from oil majors and Western tra

Published 11 Oct, 2016 12:13pm

Energy

Asia-Pacific Crude-Pertamina awards December crude import tender

SINGAPORE: Indonesian state-controlled Pertamina has awarded part of its December-delivery crude import tender, potentia

Published 11 Oct, 2016 11:57am

Energy

Asia Distillates-Gasoil firms on Egypt demand

SINGAPORE: Asian gasoil prices firmed on Tuesday, helped by a recent flurry of buy tenders from Egypt, trade sources sai

Published 11 Oct, 2016 11:29am

Energy

Oil prices fall from one-year highs on output cut doubts

SINGAPORE/LONDON: Oil prices on Tuesday fell from one-year highs touched the previous day as there were doubts that a pl

Published 11 Oct, 2016 07:32am

Energy

Asia-Pacific Crude-More offers for Dec-loading cargoes emerge

SINGAPORE: Trade for December-loading regional grades is set to pick up following the release of Kutubu Light's Dece

Published 10 Oct, 2016 02:48pm

Energy

Asia Distillates-Gasoil margin boosted by spot regional demand

SINGAPORE: Spot gasoil demand from Iraq, Vietnam and Indonesia supported the Asian gasoil margin, industry sources said

Published 10 Oct, 2016 02:45pm

Energy

Azeri oil exports via Turkey pipeline rise 2.1pc in Jan-Sept

BAKU: Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey totalled 22.043 million to

Published 10 Oct, 2016 02:37pm

Energy

Asia Naphtha/Gasoline-Naphtha down, supply to outpace Q4 demand

SINGAPORE: Asia's naphtha crack fell on Monday to reach a two-session low of $44.13 a tonne as ample supplies weighe

Published 10 Oct, 2016 02:19pm

Energy

Oil prices fall over doubts that non-OPEC producers will cut output

SINGAPORE: Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply t

Published 10 Oct, 2016 06:41am

Energy

Asia Fuel Oil-Time spreads rise further despite rising physical supply

SINGAPORE: Time spreads in Asia's 380-cst fuel oil swaps markets firmed for a second consecutive session on Friday,

Published 07 Oct, 2016 01:19pm

Energy

Asia Fuel Oil-Contango structure narrows despite inventory build

SINGAPORE: Asia's fuel oil markets firmed on Thursday with a narrowing of the 380-cst fuel oil market structure desp

Published 06 Oct, 2016 05:15pm

Energy

Oil prices ease from June highs on weaker physical market

SINGAPORE: Oil futures dipped on Thursday after Saudi Arabia trimmed the price of its flagship physical crude to Asia, b

Published 06 Oct, 2016 07:04am

Energy

Oil prices rise on report of US crude stock draw

SINGAPORE: Oil prices rose in early trading on Wednesday after a report that U.S. fuel inventories may have fallen for a

Published 05 Oct, 2016 07:15am

Energy

Asia Fuel Oil-'Overbought' cracks slide to 5-week lows

SINGAPORE: Asia's fuel oil crack for the benchmark 180-centistoke fuel oil slid to its widest discount to Dubai crud

Published 04 Oct, 2016 07:44pm

Energy

Asia Naphtha/Gasoline-Naphtha prompt spread drifts weaker

SINGAPORE: Pressure grew on Asia's naphtha with the prompt intermonth spread widening to $4.75 a tonne on Tuesday fr

Published 04 Oct, 2016 07:43pm

Energy

Oil prices dip on surging Iran sales, but looming OPEC deal offers support

SINGAPORE: Oil prices dipped on Tuesday on a rise in Iranian exports that adds to a global supply overhang, but a planne

Published 04 Oct, 2016 06:53am

Energy

Azeri Jan-Sept oil shipments via Russia fall 18pc

BAKU: Azerbaijan's state oil company SOCAR shipped 898,480 tonnes of oil via Russia in the first nine months of this

Published 03 Oct, 2016 04:37pm

Energy

Oil prices fall on high production despite planned OPEC output cut

SINGAPORE: Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output,

Published 03 Oct, 2016 06:46am

Energy

Oil prices down on doubts over OPEC deal

SINGAPORE: Oil prices fell in Asia Friday as doubts emerged over the long-term success of a surprise OPEC agreement to c

Published 30 Sep, 2016 06:55am

Energy

Oil prices surge after OPEC's surprise output cut deal

SINGAPORE: Oil prices surged Thursday after the OPEC producers' group surprised the market with a deal to slash outp

Published 29 Sep, 2016 06:19am

Energy

Oil climbs after industry data shows US inventory draw

SINGAPORE: Oil prices rose in mixed trading on Wednesday, after sharp losses in the previous session, as industry data s

Published 28 Sep, 2016 07:11am

Energy

Oil stages weak rebound as hopes ease for output deal

SINGAPORE: Oil prices posted marginal gains in Asia Wednesday as an industry report showing a decline in US stockpiles w

Published 28 Sep, 2016 05:49am

Energy

Asia Naphtha/Gasoline-Naphtha margin dives but spot price gains

SINGAPORE: Asia's naphtha crack slumped 10 percent to a five-session low of $54.15 a tonne on Tuesday as firm Brent

Published 27 Sep, 2016 08:37pm

Energy

Oil prices slip on profit-taking as investors await US stockpile data

SINGAPORE: Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 pe

Published 27 Sep, 2016 06:42am

Energy

Oil dips in Asia as Algiers meeting looms

SINGAPORE: Oil prices edged down in Asia Tuesday amid continued speculation over whether producers will agree to limit o

Published 27 Sep, 2016 06:06am

Energy

Oil prices rebound after Algeria says all options open at OPEC meeting

SINGAPORE: Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options wer

Published 26 Sep, 2016 06:32am

Energy

Oil edges higher ahead of OPEC meeting

SINGAPORE: Oil prices rose modestly in Asia on Monday ahead of a producers' meeting this week that might agree to ca

Published 26 Sep, 2016 05:12am

Energy

Middle East Crude-Condensate prices under pressure

SINGAPORE: Condensate prices came under pressure on Friday after Qatar sold prompt cargoes as the start-up of its new sp

Published 23 Sep, 2016 01:53pm

Energy

Oil prices ease as focus shifts to producers' meeting

SINGAPORE: Oil prices eased on profit-taking in Asian trade Friday following two days of solid gains as traders turned t

Published 23 Sep, 2016 08:46am

Energy

Asia Naphtha/Gasoline-Naphtha time spreads turn positive on Qatar delay

SINGAPORE: Asia's naphtha crack extended gains to reach a nearly four-month high of $60.93 a tonne while the intermo

Published 22 Sep, 2016 07:02pm

Energy

Oil prices climb on weaker dollar, after US crude stock draw

SINGAPORE: Oil prices rose on Thursday, lifted by a weaker dollar and extending gains from the previous session when a s

Published 22 Sep, 2016 09:02am

Energy

Oil climbs 1 percent after surprise US crude stock draw

SINGAPORE: Oil prices rose around 1 percent on Thursday, extending gains from the previous session after a surprise thir

Published 22 Sep, 2016 07:11am

Energy

Oil rises on US stockpile drop, weaker dollar

SINGAPORE: Oil prices climbed Thursday, building on the previous day's gains following a bigger-than-forecast fall i

Published 22 Sep, 2016 05:33am

Energy

Asia Fuel Oil-180-cst premiums rise to 15-month highs

SINGAPORE: Cash premiums of Asia's benchmark 180-cst fuel oil rose to a 15-month high on Wednesday, boosted by an ap

Published 21 Sep, 2016 09:43pm

Energy

Indian Oil, Gail to buy 49pc stake in LNG terminal in Odisha

NEW DELHI: India's biggest refiner Indian Oil Corp Ltd and gas transporter Gail (India) Ltd will buy a combined 49 p

Published 21 Sep, 2016 08:18pm

Energy

Oil prices rise on reported US crude stock draw, firm Japan imports

SINGAPORE: Oil prices climbed on Wednesday, supported by a reported draw in US crude inventories and by firm import data

Published 21 Sep, 2016 07:11am

Energy

Oil prices up ahead of US stockpiles data, Fed meeting

SINGAPORE: Oil prices rose in Asia Wednesday as traders awaited the release of US energy stockpiles data and a US centra

Published 21 Sep, 2016 06:06am

Energy

Asia Fuel Oil-Cracks at 8-month highs as inventories dip, demand firm

SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke was at its narrowest discount to Dubai crude in about

Published 20 Sep, 2016 07:38pm

Energy

Asia Naphtha/Gasoline-Naphtha spread gains; oil terminal hit by fire

SINGAPORE: An easing of the glut in Asia's naphtha market has driven up front-month prices to parity with contracts

Published 20 Sep, 2016 07:37pm

Energy

Oil prices down ahead producers' meeting, US data

SINGAPORE: Oil prices eased in Asia Tuesday with analysts expecting volatility in the run up to a producers' meeting

Published 20 Sep, 2016 07:54am

Energy

Oil slips as Venezuela says market is 10pc oversupplied

SINGAPORE: Oil prices fell on Tuesday after Venezuela said that global supplies needed to fall by 10 percent in order to

Published 20 Sep, 2016 07:27am

Energy

Sri Lankan state-owned oil firm faces $13 million monthly losses after excise duty hike

COLOMBO: Sri Lanka's state-owned Ceylon Petroleum Corporation will incur a loss of about two billion rupees ($13.78

Published 19 Sep, 2016 05:08pm

Energy

Oil climbs as Venezuela sees output deal, Libya suffers clashes

SINGAPORE: Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to re

Published 19 Sep, 2016 07:26am

Energy

Oil prices up on Libya unrest, hopes for output deal

SINGAPORE: Oil prices edged up in Asia on Tuesday as OPEC member Venezuela indicated a deal to limit output is close whi

Published 19 Sep, 2016 06:05am

Energy

Asia Naphtha/Gasoline-Naphtha up on prospect of more trades west

SINGAPORE: Asia's naphtha crack hit a 2-1/2 month high of $48.05 a tonne on Friday lifted by rare westbound trades

Published 16 Sep, 2016 02:08pm

Energy

Oil prices down as Libya, Nigeria set to raise output

SINGAPORE: Oil prices fell in Asia Friday as the prospects of higher output from Libya and Nigeria further fuelled overs

Published 16 Sep, 2016 06:56am

Energy

Oil prices fall as US drillers add rigs, traders cut long positions

SINGAPORE: Crude prices fell over 1.5 percent on Monday after US oil drillers added rigs and producers adapt to cheaper

Published 12 Sep, 2016 09:11am

Energy

Oil prices suffer fresh losses in Asian trade

HONG KONG: Oil prices tumbled again Monday on a pick-up in drilling and a strong dollar as speculation swirled that the

Published 12 Sep, 2016 07:57am

Energy

China fuel exports cast fourth-quarter pall over global oil products

BEIJING: China's state oil refiners are readying to export more diesel and gasoline in coming months as a bleak outl

Published 12 Sep, 2016 07:01am

Energy

Oil prices extend losses in Asian trade

HONG KONG: Oil prices tumbled again Monday on a pick-up in drilling and a strong dollar as speculation swirled that the

Published 12 Sep, 2016 06:17am

Energy

Oil prices fall in Asia following sharp gains

SINGAPORE: Oil prices retreated Friday, taking a chunk out of the previous day's rally as investors digested data su

Published 09 Sep, 2016 08:02am

Energy

Oil extends gains after data shows huge stock draw

TOKYO: Oil prices extended gains by more than 1.5 percent on Thursday after industry data showed what might be the large

Published 08 Sep, 2016 07:10am

Energy

Oil prices extend gains on weak dollar, industry data

SINGAPORE: Oil prices rose built on recent gains Thursday thanks to a softer dollar and industry data indicating US stoc

Published 08 Sep, 2016 06:50am

Energy

Oil edges up, gains limited amid scepticism over freeze deal

TOKYO: Oil prices erased early losses to trade higher on Wednesday, but gains were limited as market participants remain

Published 07 Sep, 2016 06:42am

Energy

Oil prices up in Asia as dollar weakens

SINGAPORE: Oil prices rallied in Asia on Wednesday on the back of a weaker dollar but scepticism that key producers will

Published 07 Sep, 2016 05:59am

Energy

Iraq's oil output steady at 4.638mn bpd in August

SINGAPORE: Iraq's crude oil production in August remained steady at 4.638 million barrels per day compared with 4.63

Published 05 Sep, 2016 07:29pm

Energy

Asia Fuel Oil-Bulls rule in Asian fuel oil market as cracks and spreads remain strong

SINGAPORE: Asian fuel oil spreads and cracks remain strong due to continued optimism about supply and demand in the mark

Published 05 Sep, 2016 07:09pm

Energy

Oil prices reverse early losses, but glut worries cap gains

TOKYO: Crude prices reversed early losses on Monday as the dollar lost its momentum, but persistent concerns over a glob

Published 05 Sep, 2016 08:26am

Energy

Oil prices dip in Asia, Russia-Saudi talks disappoint

SINGAPORE: Oil prices slipped in Asia on Monday with traders disappointed by a lack of detail from Russia and Saudi Arab

Published 05 Sep, 2016 06:17am

Energy

Russia's Gazprom, China's CNPC ink pipeline construction deal

HANGZHOU: Russian gas giant Gazprom said on Sunday it had signed a contract with China National Petroleum Corp (CNPC) to

Published 04 Sep, 2016 04:09pm

Energy

Oil rebounds in Asia after steep falls

SINGAPORE: Oil prices edged up Friday on bargain-buying and a weaker dollar after another slump fuelled by a surge in US

Published 02 Sep, 2016 05:16am

Energy

Oil prices rebound on weaker dollar, supportive China manufacturing data

SINGAPORE: Oil prices rose in Asian trade on Thursday as the U.S. dollar weakened, rebounding from a more than 3 percent

Published 01 Sep, 2016 07:14am

Energy

Saudi Arabia to raise October crude prices to Asia

SINGAPORE: Top oil exporter Saudi Arabia is expected to raise prices for crude it sells to Asia in October, tracking the

Published 01 Sep, 2016 06:50am

Energy

Asia's July Iran oil imports rise 61pc from a year ago

TOKYO: Imports of Iranian oil by four major buyers in Asia in July jumped 61.1 percent from a year earlier, marking the

Published 31 Aug, 2016 10:17am

Energy

Oil dips on stronger dollar, rise in US crude inventories

SINGAPORE: Crude oil futures dipped on Wednesday as the U.S. dollar held around three-week highs and industry stocks dat

Published 31 Aug, 2016 08:49am

Energy

Oil prices fall on rising Iraq output, doubt over producer talks

SINGAPORE: Oil prices fell about 1 percent on Monday as Iraq's production rose and as Iran said it would only cooper

Published 29 Aug, 2016 06:50am

Energy

Oil prices sink in Asia on strong dollar, output fears

SINGAPORE: Oil prices tumbled in Asia Monday on a strong dollar and after key OPEC producers downplayed the prospects of

Published 29 Aug, 2016 06:38am

Energy

VTTI says it resumes operations at Malaysia terminal

SINGAPORE: VTTI, the storage unit of world's largest oil trader Vitol, said late on Friday it has resumed operations

Published 27 Aug, 2016 09:02am

Energy

Vietnam's Jan-Aug crude oil exports fall 25.7pc y/y

HANOI: Vietnam's crude oil exports in the first eight months of 2016 fell 25.7 percent from a year ago to an estimat

Published 26 Aug, 2016 11:19am

Energy

Oil prices extend losses as dealers eye output talks

SINGAPORE: Oil prices edged down again in Asian trade Thursday, a day after suffering hefty losses in response to data s

Published 25 Aug, 2016 06:21am

Energy

Oil prices down in Asia, Brent stays below $50

SINGAPORE: Oil fell in Asia on Wednesday after industry data showing an increase in US crude stocks added to oversupply

Published 24 Aug, 2016 07:40am

Energy

Asia Naphtha/Gasoline-Gasoline nears 8-week high, China exports ease

SINGAPORE: Asia's naphtha crack edged up 55 cents to reach a two-session high of $23.43 a tonne but the crack value

Published 22 Aug, 2016 06:56pm

Energy

South Korea's KNOC says drops oil field project in Iraq's Sangaw South

SEOUL: State-owned Korea National Oil Corp (KNOC) has decided to drop out of Iraq's Sangaw South oil field project b

Published 22 Aug, 2016 06:28pm

Energy

Asia Distillates-Jet fuel discount deepest in nearly 11 months

SINGAPORE: Asia's jet fuel discount to Singapore quotes widened by 3 cents to $0.95 cents a barrel on Monday, the de

Published 22 Aug, 2016 06:26pm

Energy

Oil down in Asia on Iraq export boost, stronger dollar

SINGAPORE: Oil prices eased in Asia Monday, ending a seven-day run, following news that Iraq will boost crude exports, w

Published 22 Aug, 2016 06:22am

Energy

Brent holds firmly above $50 as oil returns to bull market

SINGAPORE: Brent crude held firmly above $50 a barrel in Asian trade Friday as a bullish momentum continued, fuelled by

Published 19 Aug, 2016 06:27am

Energy

Oil dips in Asia amid Saudi Arabia output boost reports

SINGAPORE: Oil prices eased slightly in Asia Thursday amid reports OPEC kingpin Saudi Arabia would further raise output

Published 18 Aug, 2016 05:58am

Energy

Oil stays above $46 as market ponders output freeze calls

SINGAPORE: Oil prices fell in Asia Wednesday as investors booked profits from recent gains, but stayed above $46 on hope

Published 17 Aug, 2016 08:12am

Energy

Oil halts rally as market weighs chance of output freeze

SINGAPORE: Oil prices eased in Asia trade Tuesday but held above $45 a barrel as the market weighed the possibility of m

Published 16 Aug, 2016 06:51am

Energy

Oil extends gains above $44 on output freeze hopes

SINGAPORE: Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze

Published 15 Aug, 2016 06:51am

Energy

Oil extends gains as Saudi comments fan output cut hopes

SINGAPORE: Crude prices rose in Asia Friday, extending overnight gains after Saudi Arabia's oil minister hinted prod

Published 12 Aug, 2016 08:27am

Energy

Oil continues decline on supply glut

SINGAPORE: Oil prices fell for a third day in Asia trade Thursday after figures showing high US crude stockpiles and inc

Published 11 Aug, 2016 08:03am

Energy

Oil prices dip on US crude inventory build, record Saudi output

SINGAPORE: Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforc

Published 11 Aug, 2016 07:37am

Energy

Oil falls as glut, profit-taking beat back optimism over OPEC meet

TOKYO: Crude prices fell on Tuesday as continued worries over a global oil glut and profit-taking on gains of nearly 3 p

Published 09 Aug, 2016 07:46am

Energy

Oil prices retreat in Asia trade

SINGAPORE: Oil prices retreated in Asia trade after rebounding overnight on news that OPEC is planning informal talks ne

Published 09 Aug, 2016 06:50am

Energy

Azeri oil exports via Turkey pipeline up 5pc Jan-July

BAKU: Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey totalled 17.7 million tonn

Published 08 Aug, 2016 09:02pm

Energy

Oil prices up in Asian trade

SINGAPORE: Oil edged higher to near $42 a barrel in Asia Monday but analysts said the increase was unlikely to last as t

Published 08 Aug, 2016 10:08am

Energy

China fuel exports hit record in July, crude imports up 1.2pc

BEIJING: China's fuel exports rose to a record in July as easing demand growth and a surplus in refined oil products

Published 08 Aug, 2016 07:23am

Energy

Oil rises on new output freeze calls, but traders bet on further falls

SINGAPORE: Oil prices rose on Monday, lifted by reports of renewed talks by some members of the Organization of the Petr

Published 08 Aug, 2016 07:09am

Energy

Essar Oil's fuel exports to fall in 2018/19 as focus shifts to local sales

VADINAR: Indian refiner Essar Oil's fuel exports will sharply drop in 2018/19 as it ramps up local sales by doubling

Published 07 Aug, 2016 05:19pm

Energy

Asia Distillates-High supplies across regions pressure prices

SINGAPORE: Asia's jet fuel discount to Singapore quotes stayed at 70 cents a barrel on Friday, unchanged from the pr

Published 05 Aug, 2016 03:59pm

Energy

Oil prices down on profit-taking

SINGAPORE: Oil prices fell in Asia on profit-taking Friday following two days of gains, with concerns about a global ove

Published 05 Aug, 2016 06:32am

Energy

Oil prices diverge on mixed US data

SINGAPORE: Oil prices diverged in Asia on Thursday following a mixed US stockpiles report while analysts warned of furth

Published 04 Aug, 2016 07:59am

Energy

Oil prices bounce on US gasoline stock draw, dollar's decline

SINGAPORE: Oil prices rose on Thursday, extending gains from the previous session following a large draw in US gasoline

Published 04 Aug, 2016 06:36am

Energy

Oil continues climb on mixed US data

SINGAPORE: Oil prices extended their rebound in Asia on Thursday following a mixed set of US stockpile data but analysts

Published 04 Aug, 2016 06:19am

Energy

India's July Iranian crude imports surge 21pc to five-month high

NEW DELHI: India's July oil imports from Iran rose by over a fifth from June, surging to its highest level in five m

Published 03 Aug, 2016 11:09am

Energy

Middle East Crude-Oman rises to 2-month high

SINGAPORE: Middle East crude benchmarks were mixed on Wednesday with DME Oman's premium to Dubai swaps hitting a 2-m

Published 03 Aug, 2016 10:42am

Energy

US crude remains below $40 as oversupply weighs

SINGAPORE: Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel over

Published 03 Aug, 2016 09:06am

Energy

Oil edges higher in Asia but US crude stays below $40

SINGAPORE: Oil edged higher in Asia Wednesday after industry data showed a decline in US crude inventories, but prices s

Published 03 Aug, 2016 06:02am

Energy

US crude edges back over $40, but oversupply still weighs

SINGAPORE: Oil prices edged up on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders

Published 02 Aug, 2016 07:46am

Energy

Oil prices push higher after entering bear market

SINGAPORE: Oil prices pushed higher on Tuesday, scraping back losses as bargain-buyers took advantage of a weaker dollar

Published 02 Aug, 2016 06:15am

Energy

Oil rises after month of steady decline but oversupply still weighs

SINGAPORE: Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but t

Published 01 Aug, 2016 07:00am

Energy

Oil prices up in Asia but oversupply worries weigh

SINGAPORE: Oil prices edged up rose in Asia on Monday as the dollar weakened while bargain-buyers moved in following a r

Published 01 Aug, 2016 06:12am

Energy

China's Sinopec says section of gas pipeline reopened after fire

BEIJING: China's Sinopec said a section of the Sichuan-East China gas pipeline reopened on Saturday, 10 days after i

Published 31 Jul, 2016 04:56pm

Energy

Bangladesh fuel oil tender attracts lower premiums than term deals

DHAKA: Bangladesh Petroleum Corp (BPC) has received offers in its first tender to buy fuel oil at premiums lower than it

Published 31 Jul, 2016 04:53pm

Energy

India's IOC to cut diesel prices by 3.7pc from Monday

MUMBAI: Indian Oil Corp (IOC) will cut the price of diesel by 3.7 percent from Monday and that of gasoline by 2.3 percen

Published 31 Jul, 2016 04:27pm

Energy

Oil prices fall to fresh April lows as oversupply bites

SINGAPORE: Oil prices fell to fresh April lows on Friday as slowing economic growth threatened to worsen ongoing oversup

Published 29 Jul, 2016 08:02am

Energy

Oil prices sink further as glut worries return

SINGAPORE: Oil prices fell further towards the $40 mark in Asia Friday, extending losses to a seventh-straight day on re

Published 29 Jul, 2016 06:33am

Energy

Oil slightly higher after five-day slump

SINGAPORE: Oil prices edged up in Asia Thursday after slumping for five-straight sessions to a three-month low after a s

Published 28 Jul, 2016 06:32am

Energy

Oil prices extend losses on fresh supply glut fears

SINGAPORE: Oil prices slipped for a fourth straight day to fresh three-month lows Wednesday as worries about a global ov

Published 27 Jul, 2016 06:54am

Energy

Oil prices extend losses on supply glut

SINGAPORE: Oil prices dipped in Asia on Friday, extending the previous day's sharp losses, while analysts warned the

Published 22 Jul, 2016 09:31am

Energy

Oil prices edge up on weaker dollar

SINGAPORE: Oil prices ticked higher Friday following the previous day's sharp losses and helped by a weaker dollar,

Published 22 Jul, 2016 06:28am

Energy

Oil edges up on increased US stockpile

SINGAPORE: Oil prices edged up in Asia Thursday following US data showing a drop in crude inventories, a sign of a tight

Published 21 Jul, 2016 07:47am

Energy

Bangladesh holds first tender for fuel oil, seeks 160,000 tonnes

DHAKA: Bangladesh Petroleum Corp (BPC) has issued its first tender to buy fuel oil as part of efforts to move away from

Published 18 Jul, 2016 12:02pm

Energy

Oil prices rise in Asia after positive US, China data

SINGAPORE: Oil prices extended their rise in Asia Monday as robust economic data from the United States and China fuelle

Published 18 Jul, 2016 08:19am

Energy

Bangladesh seeks 160,000 tonnes of fuel oil in first tender

DHAKA: Bangladesh Petroleum Corp (BPC) has issued its first tender to buy fuel oil, in a move from direct-term deals wit

Published 18 Jul, 2016 07:23am

Energy

Asia Naphtha/Gasoline-Naphtha recovers but prices stay depressed

SINGAPORE: Asia's naphtha crack snapped seven straight sessions of losses on Friday, recovering from a 1-1/2 year lo

Published 15 Jul, 2016 03:03pm

Energy

Oil prices down on resurgent supply glut worries

SINGAPORE: Oil tumbled in Asia Friday, bucking an equities rally as worries over a supply glut and weak demand returned,

Published 15 Jul, 2016 04:48am

Energy

Oil prices rebound on weaker dollar, bargain-buying

SINGAPORE: Oil prices rebounded in Asia Thursday thanks to a weak dollar and bargain-hunting a day after the commodity s

Published 14 Jul, 2016 05:50am

Energy

Oil prices dip in Asia as oversupply worries return

SINGAPORE: Oil prices turned lower again in Asia on Wednesday after data indicated a rise in US stockpiles, reigniting c

Published 13 Jul, 2016 06:03am

Energy

Oil drops as investors lock in gains; surprise US stockpile build

SINGAPORE: Crude futures fell on Wednesday as investors locked in gains after oil prices surged nearly 5 percent in the

Published 13 Jul, 2016 04:50am

Energy

Oil and shipping markets on edge after South China Sea ruling

SINGAPORE: Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled a

Published 12 Jul, 2016 11:44am

Energy

Oil rises on brief Iraq loading halt; bearish investors cap gains

SINGAPORE: Oil futures moved away from two-month lows on Tuesday as a brief halt in Iraqi crude loadings threatened to t

Published 12 Jul, 2016 07:55am

Energy

Oil prices rise on Iraq loading worries; bearish investors cap gains

SINGAPORE: Oil futures rose on Tuesday as an interruption in Iraqi crude loadings at Basra threatened to tighten supplie

Published 12 Jul, 2016 06:18am

Energy

Oil prices rise up but supply worries temper gains

SINGAPORE: Oil prices recovered Tuesday but stayed near two-month lows as increased US drilling, a strong dollar and hin

Published 12 Jul, 2016 04:52am

Energy

Asia-Pacific Crude-Narrow Brent-Dubai spread supports

SINGAPORE: The Asia-Pacific crude market was supported on Monday after Brent's premium to Dubai shrank to the narrow

Published 11 Jul, 2016 10:58am

Energy

Iran cuts Aug crude prices for Asia, Med to gain market share

SINGAPORE: OPEC producer Iran cut prices for August crude sales to Asia, the Mediterranean and from the port of Sidi Ker

Published 11 Jul, 2016 07:36am

Energy

Oil near 2-month low on economic woes; drillers adjust to lower prices

SINGAPORE/TOKYO: Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indi

Published 11 Jul, 2016 06:35am

Energy

Brent oil falls below $50 as Nigeria ups production

SINGAPORE: Oil prices retreated in Asia Tuesday, with Brent easing below $50 on news of increased production from Nigeri

Published 05 Jul, 2016 05:58am

Energy

Asia-Pacific Crude-Market steady as traders await tender results

SINGAPORE: The Asia-Pacific crude market crude market was steady on Monday as traders awaited outstanding tender results

Published 04 Jul, 2016 03:43pm

Energy

Asia Distillates-Gasoil stays firm; China exports seen much higher

SINGAPORE: Asia's gasoil crack edged down by less than 1 percent to about $12.30 a barrel on Monday, after the value

Published 04 Jul, 2016 03:35pm

Energy

Oil rises as market seen in balance, but slow Asian demand hurts

TOKYO/SINGAPORE: Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading

Published 04 Jul, 2016 08:14am

Energy

Oil stable as market seen in balance, but slow Asian demand hurts

TOKYO/SINGAPORE: Oil futures were steady on Monday following comments from the Saudi energy minister that the market was

Published 04 Jul, 2016 05:23am

Energy

Oil prices edge up as Brent pushes further above $50

SINGAPORE: Crude prices edged up in Asia on Monday, building on recent gains with Brent holding above $50 after Nigerian

Published 04 Jul, 2016 05:05am

Energy

Asia Distillates-Gasoil holds but China supply may hurt sellers

SINGAPORE: Asia's gasoil crack edged down by 5 cents to $12.35 a barrel on Friday after the value shot to more than

Published 01 Jul, 2016 04:09pm

Energy

Oil prices up as global markets recover post Brexit

SINGAPORE: Oil prices rose in Asia on Friday as traders welcomed assurances from central bank around the world that they

Published 01 Jul, 2016 10:41am

Energy

Asia-Pacific Crude-ESPO holds steady, Thang Long weakens

SINGAPORE: The Asia-Pacific crude market stayed weak as PV Oil sold Thang Long at a lower differential compared with the

Published 30 Jun, 2016 02:44pm

Energy

Asia Fuel Oil-380-cst contango and cash discounts widen despite inventory draw

SINGAPORE: Front-month July-August time spreads and cash discounts of 380-cst fuel edged lower on Thursday despite a dro

Published 30 Jun, 2016 01:07pm

Energy

Iran's July oil exports to fall but 70pc higher than year ago: source

TOKYO: Iran's oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for

Published 30 Jun, 2016 07:31am

Energy

Oil falls on improving supply outlook, economic worries

SINGAPORE: Oil prices fell on Thursday as the prospects for supply improved while the economic outlook darkened, but ana

Published 30 Jun, 2016 07:14am

Energy

Oil prices dip on oversupply concerns

SINGAPORE: Oil prices fell in Asia on Thursday as supply outlook improved with both commodities hovering close to the ke

Published 30 Jun, 2016 05:07am

Energy

Asia Distillates-Gasoil holds steady; high volume of cash deals done

SINGAPORE: Asia's gasoil benchmark 500ppm grade cash differential to Singapore quotes extended gains to reach a prem

Published 29 Jun, 2016 03:38pm

Energy

Oil prices rise on Norway strike threat; Brexit shock fades

SINGAPORE: Oil rose on Wednesday as financial traders poured money back into commodities following the initial shock of

Published 29 Jun, 2016 09:33am

Energy

Gas Malaysia raises non-power gas tariff by 5.95pc from July 15

KUALA LUMPUR: Gas Malaysia Bhd , the country's sole supplier of natural gas except to the power sector, announced a

Published 29 Jun, 2016 08:51am

Energy

Asia Fuel Oil-Fuel oil crack strengthens as July supplies narrow

SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke was at its narrowest discount to Dubai crude in more t

Published 28 Jun, 2016 04:14pm

Energy

Asia Distillates-Gasoil seen higher on recent lower overall exports

SINGAPORE: Asia's gasoil crack for benchmark 500ppm grade hit a four-session high of $11.90 a barrel on Tuesday, sup

Published 28 Jun, 2016 02:21pm

Energy

Oil prices up in Asia but traders on edge over Brexit crisis

SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain hunting but tremors from Britain's shock vote last week t

Published 28 Jun, 2016 09:36am

Energy

Oil prices stabilize after Brexit vote, but refined products glut looms

SINGAPORE: Oil prices stabilized on Monday as market participants better absorbed the shock of last week's vote in G

Published 27 Jun, 2016 08:44am

Energy

Oil extends slide on worries about impact of Brexit

SINGAPORE: Oil prices suffered fresh losses in Asian trade Monday as the fallout from last week's decision by Britai

Published 27 Jun, 2016 05:12am

Energy

Oil prices fall as Brexit lingers, refined products glut looms

SINGAPORE: Oil prices dropped on Monday, extending sharp declines after Britain's vote to leave the European Union s

Published 27 Jun, 2016 04:57am

Energy

ChemChina to take 40pc stake in Rosneft's petrochemical project

MOSCOW: Russia's biggest oil producer Rosneft said on Saturday that China National Chemical Corporation (ChemChina)

Published 25 Jun, 2016 08:51am

Energy

China's end-May diesel stocks fall 5.4pc on mth, gasoline supplies rise

BEIJING: China's commercial crude oil stocks at the end of May rose 0.9 percent from the previous month and refined

Published 24 Jun, 2016 02:44pm

Energy

Middle East Crude-Benchmarks gain for 2nd session despite Brexit

SINGAPORE: The Middle East crude benchmarks gained for a second session on Friday, supported by demand from Shell, even

Published 24 Jun, 2016 12:44pm

Energy

Asia-Pacific Crude-Weak margins depress light grades

SINGAPORE: Light sweet grades and condensate in the Asia-Pacific crude market weakened on Friday, dragged down by soft m

Published 24 Jun, 2016 12:25pm

Energy

Asia Naphtha/Gasoline-Naphtha extends losses; discounts widen

SINGAPORE: Asia's naphtha crack extended losses to touch its lowest in six sessions at $51.75 a tonne as heavy suppl

Published 23 Jun, 2016 03:43pm

Energy

Asia Distillates-Gasoil cash differential flips to discount

SINGAPORE: Asia's gasoil cash differential for the benchmark 500ppm grade flipped to a discount on Thursday as the n

Published 23 Jun, 2016 03:07pm

Energy

Oil prices rise as markets on tenterhooks ahead of Brexit vote

TOKYO: Oil prices rose in early Asian trading on Thursday, shrugging off a smaller than expected decline in U.S. stockpi

Published 23 Jun, 2016 08:47am

Energy

Asia-Pacific Crude-Firm on Shell's demand, lower Vietnamese exports

SINGAPORE: Asia-Pacific crude market stayed firm on Wednesday, supported by a drop in Vietnamese exports and demand from

Published 22 Jun, 2016 03:57pm

Energy

Asia Distillates-Gasoil cracks hold above $12, cash differentials unchanged

SINGAPORE: Asia's gasoil crack for the benchmark 500ppm grade edged 9 cents lower on Wednesday to $12.15 a barrel, b

Published 22 Jun, 2016 03:02pm

Energy

Middle East Crude-Oman slips into discount

SINGAPORE: The Middle East crude market weakened further on Wednesday with Oman flipping into a discount against Dubai s

Published 22 Jun, 2016 10:17am

Energy

Oil prices above $50, buoyed by US stock draw

TOKYO: Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data

Published 22 Jun, 2016 09:49am

Energy

Oil edges up on weaker dollar as Britain EU vote looms

SINGAPORE: Oil climbed in Asia Wednesday after Federal Reserve boss Janet Yellen's cautious remarks on the US econom

Published 22 Jun, 2016 07:29am

Energy

India's Mahanagar Gas up to $154 mln IPO fully covered on 1st day

MUMBAI: India's Mahanagar Gas Ltd's up to $154 million initial public offering was fully subscribed on Tuesday,

Published 21 Jun, 2016 01:26pm

Energy

Oil prices fall for first time in three days

TOKYO: Oil prices fell in Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave t

Published 21 Jun, 2016 08:15am

Energy

China plans energy-sector technology capacity boost over next decade

BEIJING: China wants to boost its domestic capacity to produce cutting-edge energy technologies in the next decade to ch

Published 21 Jun, 2016 07:59am

Energy

Oil prices dip ahead of British EU vote, US stockpiles

SINGAPORE: Oil prices fell in Asia Tuesday, snapping two days of gains, ahead of a report on US crude inventories and th

Published 21 Jun, 2016 07:47am

Energy

Middle East Crude-Dubai falls for 7th session; Murban's discount widens

SINGAPORE: The Middle East crude market weakened further on Monday with cash Dubai down for the seventh session, while a

Published 20 Jun, 2016 12:49pm

Energy

Asia Naphtha/Gasoline-Naphtha and gasoline cracks weighed by supply concerns

SINGAPORE: Asia's naphtha crack slipped $1.43 to $52.40 a tonne on Monday, as ample supplies weighed on market senti

Published 20 Jun, 2016 12:08pm

Energy

Oil extends rebound on weak dollar, easing fears of Brexit

SINGAPORE: Oil prices extended gains in Asia Monday thanks to a weaker US dollar and easing fears of Britain's exit

Published 20 Jun, 2016 07:50am

Energy

Oil extends gains as Brexit fears ease

TOKYO: Oil extended gains in Asian trading on Monday as a weaker dollar and easing worries over Britain's possible e

Published 20 Jun, 2016 05:22am

Energy

Oil extends rebound on weak dollar, easing Brexit fears

SINGAPORE: Oil prices extended gains in Asia Monday on the back of a weaker US dollar and easing fears of a UK exit from

Published 20 Jun, 2016 04:58am

Energy

Asia Distillates-Gasoil premiums fall as selling pressure mounts

SINGAPORE: Asia's benchmark 500ppm gasoil cash premium to Singapore quotes fell to 4 cents a barrel on Friday, its l

Published 17 Jun, 2016 03:09pm

Energy

Asia Fuel Oil-Time spreads narrow on expectations of reduced supply

SINGAPORE: The July-August spreads contract for 380-cst fuel oil narrowed by varying degrees on Friday amid expectations

Published 17 Jun, 2016 01:54pm

Energy

Asia-Pacific Crude-Indonesia eyes benchmark change

SINGAPORE: The Asia-Pacific crude market held steady on Friday as traders looked ahead to tenders for price direction.Pe

Published 17 Jun, 2016 01:54pm

Energy

Middle East Crude- Aug-loading grades slip into discounts

SINGAPORE: August-loading Middle East crude cargoes slipped on Friday into discounts against their respective official s

Published 17 Jun, 2016 01:35pm

Energy

Asia Naphtha/Gasoline-Cracks up; low Western naphtha cargoes seen

SINGAPORE: Asia's naphtha crack edged up 14 cents and held firm at a two-week high of $53.83 a tonne on Friday, as W

Published 17 Jun, 2016 12:04pm

Energy

Asia Fuel Oil-Cash discounts narrow despite rise in Singapore inventories

SINGAPORE: Cash differentials discounts for Asian fuel oil narrowed on Thursday despite a moderate increase in onshore i

Published 16 Jun, 2016 01:17pm

Energy

Asia Distillates-Gasoil weakens in response to rise in Singapore stocks

SINGAPORE: Asia's gasoil differentials for the benchmark 500ppm grade fell for a fifth consecutive session on Thursd

Published 16 Jun, 2016 12:45pm

Energy

Oil futures down on US stockpile report, Brexit concern

TOKYO: Oil prices fell in early Asian trade on Thursday, heading for a sixth day of declines, following a lower than exp

Published 16 Jun, 2016 05:42am

Energy

Oil dips in Asia on US supplies, Fed comments

SINGAPORE: Oil prices sank for a sixth straight session Thursday in Asia, tracking a sell-off across equities with an ex

Published 16 Jun, 2016 05:13am

Energy

Asia Fuel Oil-Cash discounts widen on renewed selling pressure

SINGAPORE: Asian cash differentials for benchmark 180-cst and 380-cst fuel oil on Wednesday gave up more of the gains ac

Published 15 Jun, 2016 01:25pm

Energy

Asia Naphtha/Gasoline-Naphtha up, Formosa pays narrower discount

SINGAPORE: Asia's naphtha crack edged to a six-session high of $45.78 a tonne on Tuesday on the back of steady deman

Published 15 Jun, 2016 12:36pm

Energy

South Korea's Iran crude imports for May more than double on year

SEOUL: South Korea's imports of Iranian crude oil jumped around 130 percent in May from the same month a year ago, e

Published 15 Jun, 2016 06:38am

Energy

Oil prices drop further on supply, Britain EU exit fears

SINGAPORE: Oil prices tumbled again Wednesday as traders grow concerned about the chances of Britain leaving the Europea

Published 15 Jun, 2016 05:51am

Energy

US oil falls to 3-week low on inventory gains, Brexit fears

TOKYO: Crude futures fell on Wednesday as mounting concerns about Britain's possible exit from the European Union an

Published 15 Jun, 2016 05:21am

Energy

Asia-Pacific Crude-August supply up; demand down

SINGAPORE: Outlook for August-loading cargoes in the Asia-Pacific crude market remained weak as a slight increase in sup

Published 14 Jun, 2016 02:07pm

Energy

Taiwan CPC says Talin refinery capacity to rise by 17pc by end-2016

SINGAPORE: State-owned Taiwanese refiner CPC Corp is expected to start operations at four new units in southern Taiwan b

Published 14 Jun, 2016 12:35pm

Energy

Iran oil exports on track for 4-1/2-year high as European buying recovers

TOKYO: Iran's oil exports are on track to hit the highest in almost 4 1/2 years in June, as shipments to Europe reco

Published 14 Jun, 2016 08:12am

Energy

Oil prices down with world markets, stockpiles data eyed

SINGAPORE: Oil prices fell around one percent in Asia Tuesday, extending a sell-off on speculation about a pick-up in pr

Published 14 Jun, 2016 07:03am

Energy

Oil futures fall as global growth, Brexit concerns weigh

TOKYO: Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on conc

Published 14 Jun, 2016 05:50am

Energy

Oil prices fall with world markets, stockpiles data eyed

SINGAPORE: Oil prices fell more than one percent in Asia Tuesday, extending a sell-off on speculation about a pick-up in

Published 14 Jun, 2016 05:15am

Energy

China's preliminary May oil demand down 0.8pc y/y

BEIJING: China's preliminary May implied oil demand inched down 0.8 percent year on year and fell from April's r

Published 13 Jun, 2016 02:49pm

Energy

Asia-Pacific Crude-Aug Pyrenees, NWS condensate supplies up

SINGAPORE: Asia-Pacific crude market held steady on Monday as more loading programmes emerged.BHP will market two Pyrene

Published 13 Jun, 2016 02:46pm

Energy

Oil prices fall as economic concerns rise

SINGAPORE: Oil prices fell on Monday, weighed down by Asia's darkening economic prospects and a related strengthenin

Published 13 Jun, 2016 07:21am

Energy

Oil prices fall back below $50 as economic concerns rise

SINGAPORE: Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related str

Published 13 Jun, 2016 05:33am

Energy

Oil prices retreat with global markets as more rigs restart

SINGAPORE: Oil prices slipped again Monday, extending last week's losses and mirroring a sell-off across Asian marke

Published 13 Jun, 2016 04:58am

Energy

Oil prices ease from 2016 highs on stronger dollar

SINGAPORE/LONDON: Oil prices fell on Friday, as a stronger dollar pulled crude off 2016 highs hit this week, although st

Published 10 Jun, 2016 01:14pm

Energy

Middle East Crude-Benchmarks up; Iraq, Kuwait raise OSPs

SINGAPORE: The Middle East crude benchmarks ended the week on a firm note on Friday with Dubai and Oman at small premium

Published 10 Jun, 2016 12:55pm

Energy

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 Chi

Published 10 Jun, 2016 12:49pm

Energy

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-mo

Published 10 Jun, 2016 11:59am

Energy

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 wh

Published 10 Jun, 2016 11:58am

Energy

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 $4

Published 09 Jun, 2016 01:31pm

Energy

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 dol

Published 09 Jun, 2016 06:56am

Energy

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,

Published 09 Jun, 2016 06:28am

Energy

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 prepare

Published 09 Jun, 2016 05:19am

Energy

Japan May spot LNG prices fall to lowest in more than 2 years

TOKYO: Prices for liquefied natural gas (LNG) spot cargoes for Japan, the world's top buyer, fell in May to the lowe

Published 09 Jun, 2016 05:07am

Energy

Oil prices add to gains after US supplies drop

SINGAPORE: Oil prices extended their gains to multi-month highs Thursday following another drop in US supplies and the p

Published 09 Jun, 2016 04:38am

Energy

Middle East Crude-Murban price rise may depress August differentials

SINGAPORE: The Middle East crude market held steady on Wednesday as traders evaluated the impact of the latest official

Published 08 Jun, 2016 12:03pm

Energy

Oil holds above $50 on weak dollar, supplies data in focus

SINGAPORE: Oil prices held above $50 in Asia on Wednesday thanks to a weak dollar as traders await the release of US inv

Published 08 Jun, 2016 08:07am

Energy

Oil hits 8-mth highs on US inventory draw, China imports

TOKYO: Oil prices rose for a third day to hit their highest in about eight months on Wednesday, boosted by industry data

Published 08 Jun, 2016 07:53am

Energy

Oil holds above $50 on tight supply, weak dollar

SINGAPORE: Oil prices held above $50 in Asia on Wednesday as traders awaited US inventory data and the dollar remained w

Published 08 Jun, 2016 07:07am

Energy

China's May crude imports rise nearly 40pc y/y

BEIJING: China's crude oil imports rose 38.7 percent in May from a year ago - the biggest jump in more than six year

Published 08 Jun, 2016 06:22am

Energy

Oil hits 8-month highs on US inventory draw, China imports

TOKYO: Oil prices rose for a third day to their highest in about eight months on Wednesday, helped by industry data show

Published 08 Jun, 2016 06:20am

Energy

Brent crude comes off 7-month high, but momentum seen intact

TOKYO: Brent crude prices inched lower on Tuesday after hitting a seven-month high a day earlier, but market momentum ap

Published 07 Jun, 2016 07:20am

Energy

Brent crude holds near 7-month high, eyes US stocks decline

TOKYO: Brent crude prices hovered near seven-month highs on Tuesday, holding to gains from the previous session as marke

Published 07 Jun, 2016 06:35am

Energy

Oil prices dip as dollar rebounds

SINGAPORE: Oil prices edged down slightly Tuesday but held around 11-month highs thanks to a weaker dollar and forecasts

Published 07 Jun, 2016 05:42am

Energy

Asia-Pacific Crude-Pertamina skips Nigerian grades in Aug tender

SINGAPORE: Indonesia's Pertamina bought sweet crude from the Atlantic Basin instead of that produced in the Asia-Pac

Published 06 Jun, 2016 10:02am

Energy

Asia's April Iran oil imports rise 130pc y/y as Tehran retakes markets

TOKYO: Asian imports of Iranian oil in April rose by more than 13 percent from a year ago as Tehran vies to recoup marke

Published 06 Jun, 2016 07:50am

Energy

Stumbling dollar, Nigeria sabotage push up oil prices

SINGAPORE: Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attack

Published 06 Jun, 2016 07:49am

Energy

Oil prices boosted by dollar slump

SINGAPORE: Oil prices pushed higher Monday thanks to a softer dollar after last week's well-below-forecast US jobs r

Published 06 Jun, 2016 06:58am

Energy

Stumbling dollar, Nigeria sabotage push Brent to $50/bbl

SINGAPORE: Brent crude oil prices rose to $50 a barrel on Monday, lifted by a plunge in the U.S.-dollar that could spur

Published 06 Jun, 2016 06:37am

Energy

Oil prices tread water ahead of OPEC meeting

SINGAPORE: Oil prices were steady on Thursday on mixed market signals ahead of an OPEC meeting in Vienna, which analysts

Published 02 Jun, 2016 08:36am

Energy

Oil prices fall as OPEC seen unlikely to agree output restraint

SINGAPORE: Oil prices fell early on Thursday as a row between Saudi Arabia and Iran made it unlikely that the OPEC would

Published 02 Jun, 2016 07:27am

Energy

India's Iranian oil imports dip in May as MRPL shut units: tanker data

NEW DELHI: India's oil imports from Iran fell 3.5 percent in May from the previous month as Mangalore Refinery and P

Published 02 Jun, 2016 06:54am

Energy

Oil prices fall on rising Middle East output, Asia demand concerns

SINGAPORE: Oil prices fell over 1 percent on Wednesday as production from major Middle East exporters was expected to re

Published 01 Jun, 2016 09:07am

Energy

Oil dips in cautious trading ahead of OPEC meeting

SINGAPORE: Oil prices dipped in Asia Wednesday even as official China data showed factory activity expanded in May, as t

Published 01 Jun, 2016 08:00am

Energy

Asia-Pacific Crude-ESPO holds steady ahead of more tenders

SINGAPORE: Russian ESPO crude held steady on Tuesday as traders eyed more tender awards to gauge the price outlook for t

Published 31 May, 2016 10:39am

Energy

US oil prices up as traders await China data, OPEC meeting

SINGAPORE: US crude rose in Asia Tuesday as investors awaited manufacturing data from China and before an OPEC meeting o

Published 31 May, 2016 09:04am

Energy

US oil rises, global crude weaker on strong Middle East output

SINGAPORE: US oil prices rose on Tuesday, buoyed by the start of the U.S. summer driving season, while international fue

Published 31 May, 2016 08:12am

Energy

Japan crude imports from Iran fall 72pc in April

TOKYO: Japan's crude oil imports from Iran in April slumped 72 percent from a year earlier to 19,161 barrels per day

Published 31 May, 2016 06:28am

Energy

Divided OPEC to breathe easier with return of $50 oil

VIENNA: A recovery in the oil price to around $50 has eased pressure on OPEC to turn down the taps when it gathers in Vi

Published 31 May, 2016 06:00am

Energy

Asia Distillates-Gasoil cash premium up on dry season demand

SINGAPORE: Asia's benchmark 500ppm gasoil cash premium to Singapore quotes rose 6 cents to 25 cents a barrel, the hi

Published 30 May, 2016 09:48pm

Energy

Asia-Pacific Crude-July ESPO supplies to rebound

SINGAPORE: Spot premiums for July-loading Russian ESPO crude held steady on Monday, capped by a rebound in exports simil

Published 30 May, 2016 12:09pm

Energy

Oil dips as dollar rallies on news of possible US rate hike

SINGAPORE: Oil prices dipped in Asia Monday after comments from the US central bank head suggesting interest rates will

Published 30 May, 2016 10:54am

Energy

Oil prices dip on strong dollar, rising Canadian output

SINGAPORE: Oil prices dipped on Monday as a strong dollar weighed on markets and Canadian oil sands production was expec

Published 30 May, 2016 10:03am

Energy

Indonesia to sign oil, LPG import deal with Iran

JAKARTA: Indonesia expects to sign an initial deal on Sunday with Iran for the purchase of crude oil and liquefied petro

Published 27 May, 2016 09:58am

Energy

Vietnam's estimated May crude oil output down 9.2pc

HANOI: Vietnam's crude oil output in May is estimated at 1.28 million tonnes (303,000 barrels per day), down 9.2 per

Published 27 May, 2016 09:18am

Energy

India's ONGC sees higher output this year after profit beat

NEW DELHI/MUMBAI: India's Oil and Natural Gas Corp Ltd (ONGC) said on Friday it expects output to rise this financia

Published 26 May, 2016 08:08pm

Energy

Japan's Jera to sell up to 1.5mn tonne LNG to EDF Trading

TOKYO: Japan's Jera Co, a joint venture of Tokyo Electric Power and Chubu Electric Power , said on Thursday it signe

Published 26 May, 2016 09:15am

Energy

Asia-Pacific Crude-Prices hold steady; traders eye tenders

SINGAPORE: Asia-Pacific crude market held steady on Wednesday as traders looked ahead to tenders from Vietnam and Malays

Published 25 May, 2016 03:22pm

Energy

Asia Fuel Oil-Contango structure widens as abundant supplies weigh

SINGAPORE: Front-month time spreads of Asian 380cst fuel oil widened their contango structure on Wednesday as participan

Published 25 May, 2016 03:01pm

Energy

China's end-April commercial crude stocks fall, gasoline surges

BEIJING: China's commercial crude oil stocks at the end of April fell 3.7 percent from the previous month and refine

Published 25 May, 2016 10:53am

Energy

Oil nears $50 as US inventories fall

SINGAPORE: Oil prices edged towards $50 a barrel in Asia Wednesday after a larger-than-expected dip in US stockpiles res

Published 25 May, 2016 08:39am

Energy

Oil prices push closer to $50, US crude hits highest in 7 months

SINGAPORE: Oil futures pushed closer to $50 a barrel on Wednesday, with U.S. crude hitting its highest in over seven mon

Published 25 May, 2016 07:26am

Energy

Asia-Pacific Crude-Vietnamese grades steady on Shell's demand

SINGAPORE: More Vietnamese crude cargoes loading in July were sold at steady premiums from the previous month, underpinn

Published 24 May, 2016 01:45pm

Energy

Thailand's oil demand seen up 4.4pc in 2016

BANGKOK: Thailand's oil demand is expected to rise 4.4 percent in 2016, up from an earlier forecast of 2.6 percent,

Published 24 May, 2016 01:42pm

Energy

China April crude imports from Russia top Saudis, hit record

BEIJING/SINGAPORE: Russia was China's largest crude oil supplier for a second month this year, customs data showed o

Published 23 May, 2016 01:45pm

Energy

Asia-Pacific Crude-Pertamina offers prompt Banyu Urip

SINGAPORE: Asia-Pacific crude market softened on Monday after Pertamina offered a prompt cargo of Banyu Urip, adding to

Published 23 May, 2016 01:31pm

Energy

Boss of China solar firm Hanergy steps down after losing billions

SHANGHAI: The controversial boss of Chinese solar energy firm Hanergy Thin Film Power Group -- once listed as China'

Published 23 May, 2016 08:40am

Energy

Oil prices dip after Iran says it won't freeze output

SINGAPORE: Oil prices dipped in Asia Monday after Iran said it has no plans to join any output freeze by other major pro

Published 23 May, 2016 08:29am

Energy

China April diesel imports down 100pc on year

BEIJING: China's diesel imports fell 100 percent in April from a year earlier to zero, customs data showed on Saturd

Published 21 May, 2016 10:31am

Energy

India pays part of Iran oil dues ahead of Modi visit

NEW DELHI: Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through Tur

Published 21 May, 2016 10:09am

Energy

Asia-Pacific Crude-July Vietnamese grades, NWS hold steady

SINGAPORE: Vietnamese grades held steady in the Asia-Pacific crude market on Thursday as ample supplies and strong Brent

Published 19 May, 2016 02:32pm

Energy

Technip, FMC to merge into $13bn oil services firm

PARIS: Oil and gas services companies Technip of France and the American FMC Technologies said Thursday they have agreed

Published 19 May, 2016 09:52am

Energy

Asia-Pacific Crude-Russian ESPO holds steady on Japan demand

SINGAPORE: Russian ESPO held steady in the Asia-Pacific crude market on Wednesday after Petro-Diamond bought two cargoes

Published 18 May, 2016 11:58am

Energy

Oil prices remain near 2016 highs on global supply disruptions

SINGAPORE: Oil prices were trading near 2016 highs on Wednesday, as supply disruptions and output cuts continued to tigh

Published 18 May, 2016 08:21am

Energy

Oil prices hit fresh highs as Canada wildfires rage on

SINGAPORE: Crude hit fresh 2016 highs in its march toward $50 in Asia Wednesday, fanned by escalating wildfires in Canad

Published 18 May, 2016 07:04am

Energy

Asia-Pacific Crude-July-loading supplies fall slightly

SINGAPORE: Heavy sweet crude may receive some support from a slight drop in Australian exports in July, traders said on

Published 17 May, 2016 01:41pm

Energy

Oil prices rise on Nigerian outages, Goldman forecast

SINGAPORE/LONDON: Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oi

Published 16 May, 2016 02:16pm

Energy

Oil at fresh 2016 highs on hopes of supply glut easing

SINGAPORE: Oil rose to fresh 2016 highs in Asia Monday as a slowdown in US drilling and increase in Chinese crude refine

Published 16 May, 2016 06:33am

Energy

China April power output -1.7pc on year at 444.4bn kWh

BEIJING: China generated 444.4 billion kilowatt-hours of power in April, down 1.7 percent compared with the same period

Published 14 May, 2016 09:53am

Energy

China April natural gas output up 5.6pc on year

BEIJING: China's April natural gas production rose 5.6 percent over the same year-ago level to 10.6 billion cubic me

Published 14 May, 2016 09:52am

Energy

China April coal output down 11.0pc on year

BEIJING: China produced 268 million tonnes of coal in April, down 11 percent on the year, the National Bureau of Statist

Published 14 May, 2016 09:50am

Energy

China April crude oil output lowest since July 2013

BEIJING: China, the world's fourth-largest oil producer, pumped 5.6 percent less crude year-on-year in April, offici

Published 14 May, 2016 09:46am

Energy

Middle East Crude-Shell buys Upper Zakum at higher premium

SINGAPORE: The Middle East crude benchmarks rose on Friday, ending the week on a strong note after Shell bought an Upper

Published 13 May, 2016 01:57pm

Energy

Asia Distillates-Gasoil extends premiums to 2016 high

SINGAPORE: Cash differentials of benchmark 500ppm gasoil extended gains on Friday, climbing to a 2016 high, boosted by p

Published 13 May, 2016 12:18pm

Energy

Asia-Pacific Crude-Minas strengthens further

SINGAPORE: Indonesian benchmark Minas crude strengthened further on Thursday as Glencore continued to bid for the grade,

Published 12 May, 2016 02:04pm

Energy

Azeri oil output down to 13.98mn T in Jan-April

BAKU: Azerbaijan's oil output fell to 13.98 million tonnes in January-April, a source in Azerbaijan's government

Published 12 May, 2016 01:51pm

Energy

Asia Distillates-Gasoil cash premiums jump to 2016 highs on Hin Leong trades

SINGAPORE: Asia's gasoil cash differential for benchmark 500ppm grade rose to its highest level this year on Tuesday

Published 11 May, 2016 02:26pm

Energy

Oil prices dip after latest surge

SINGAPORE: Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to r

Published 11 May, 2016 07:52am

Energy

Asia-Pacific Crude-Excess supply weighs on market

SINGAPORE: The Asia-Pacific crude market remained under pressure on Tuesday due to excess supply as sellers held onto th

Published 10 May, 2016 02:03pm

Energy

Asia Naphtha/Gasoline-Naphtha edges up but supplies still ample

SINGAPORE: Asia's naphtha crack edged up by about 2 percent to reach a three-session high of $52 a tonne on Monday a

Published 09 May, 2016 01:21pm

Energy

China April exports, imports decline more than expected

BEIJING: China's exports and imports fell more than expected in April, underlining weak demand at home and abroad an

Published 08 May, 2016 03:50pm

Energy

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

Published 07 May, 2016 10:37am

Energy

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 to

Published 06 May, 2016 11:56am

Energy

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 hi

Published 05 May, 2016 12:18pm

Energy

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

Published 05 May, 2016 12:14pm

Energy

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 C

Published 05 May, 2016 09:40am

Energy

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 a

Published 04 May, 2016 02:25pm

Energy

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 aft

Published 03 May, 2016 06:46am

Energy

Oil prices ease off in Asia after hitting new highs

SINGAPORE: Oil prices eased slightly in Asia Friday after hitting a series of new highs this week, bolstered by a weak d

Published 29 Apr, 2016 10:49am

Energy

Vietnam's Jan-April crude oil exports drop 22.2pc y/y: govt

HANOI: Vietnam's crude oil exports during January-April fell 22.2 percent from the same period last year to an estim

Published 27 Apr, 2016 01:34pm

Energy

Oil prices rise on weaker dollar ahead of Fed rate decision

SINGAPORE: Oil prices extended gains in Asia Wednesday as traders await a report on US stockpiles, and some analysts sai

Published 27 Apr, 2016 07:47am

Energy

Asia-Pacific Crude-Weak, eyes China demand

SINGAPORE: The Asia-Pacific crude market remained weak on Tuesday with Malaysian and Australian grades yet to move for J

Published 26 Apr, 2016 01:00pm

Energy

Thailand's PTT signs LNG cooperation deal with Korea Gas

BANGKOK: Thailand's largest energy firm PTT Pcl said on Tuesday it has signed an agreement with South Korea's Ko

Published 26 Apr, 2016 10:22am

Energy

Oil prices fall after news of possible Saudi oilfield expansion

SINGAPORE: Crude prices fell in Asia Monday following a report saying Saudi Arabia could maintain its total production c

Published 25 Apr, 2016 06:47am

Energy

Asia Naphtha/Gasoline-Naphtha recovers; ADNOC offers term

SINGAPORE: Asia's naphtha crack recovered from a five-week low to reach a three-session high of $70.95 a tonne on Fr

Published 22 Apr, 2016 02:01pm

Energy

Asia-Pacific Crude-June Thang Long premium down from May

SINGAPORE: Asia-Pacific crude stayed under pressure on Thursday as strong Brent prices depressed spot differentials for

Published 21 Apr, 2016 02:36pm

Energy

Brent oil may retest resistance at $46.06

SINGAPORE: Brent oil may retest a resistance at $46.06 per barrel, a break above which could lead to a gain to the next

Published 21 Apr, 2016 05:09am

Energy

South Korea's S-Oil says refining margins to stay healthy in Q2

SEOUL: South Korea's S-Oil Corp said on Thursday it expects refining margins to stay solid in the April to June quar

Published 21 Apr, 2016 04:46am

Energy

China Jan-Feb gasoline imports may be trading play not demand

BEIJING: An abrupt surge in Chinese gasoline imports in the first two months of the year is most likely the result of tr

Published 21 Apr, 2016 04:13am

Energy

Asia-Pacific Crude-Russian grades remain under pressure

SINGAPORE: Russian oil in Asia remained under pressure on Wednesday with June-loading Sokol and Sakhalin Blend sold at l

Published 20 Apr, 2016 02:42pm

Energy

India's March oil imports fall 1.7pc y/y: trade

NEW DELHI: India's oil imports in March fell 1.7 percent from a year ago while shipments in the fiscal year to March

Published 20 Apr, 2016 01:30pm

Energy

Crude falls in Asia as Kuwait oil workers end strike

SINGAPORE: Oil prices resumed their fall in Asia Wednesday after petroleum workers called off a strike in key OPEC produ

Published 20 Apr, 2016 06:09am

Energy

Japan's 2015/16 LNG imports fall 6.2pc from record high

TOKYO: Japan's liquefied natural gas (LNG) imports fell 6.2 percent in the fiscal year ended March 31 from a year ea

Published 20 Apr, 2016 04:08am

Energy

Crude futures fall after Kuwaiti oil workers end strike

TOKYO: Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut production from t

Published 20 Apr, 2016 03:54am

Energy

Asia-Pacific Crude-June ESPO premium hits six-month low

SINGAPORE: Russian crude premiums remained weak in Asia after Surgutneftegaz sold two June-loading cargoes at the lowest

Published 19 Apr, 2016 01:49pm

Energy

Oil prices dip as freeze talks failure trumps Kuwait strike

SINGAPORE: Oil prices extended their losses on Tuesday as disappointment over the failure of talks to freeze output outw

Published 19 Apr, 2016 07:42am

Energy

Asia-Pacific Crude-Light grades hold steady

SINGAPORE: Australian light grades held steady on Monday, supported by demand from refiners in the Pacific.Trafigura bou

Published 18 Apr, 2016 02:04pm

Energy

Oil prices plunge after Doha output talks fail

SINGAPORE: Oil prices plunged on Monday after the world's top producers failed to reach an agreement on capping outp

Published 18 Apr, 2016 03:38am

Energy

Iran's oil production has already surpassed 3.5mn bpd

DUBAI: Iran's oil production has already surpassed 3.5 million barrels per day, the deputy oil minister said on Satu

Published 16 Apr, 2016 09:58am

Energy

China Sinopec taps govt asset firms to restructure overseas upstream unit

BEIJING: China's state-run Sinopec Group has brought in two government asset firms as strategic investors to its ove

Published 15 Apr, 2016 09:35am

Energy

Kazakhstan says to join Doha oil producers' meeting

ASTANA: Kazakh Energy Minister Kanat Bozumbayev will attend an oil producers' meeting in Doha on April 17 where they

Published 15 Apr, 2016 06:42am

Energy

Oil trades cautiously ahead of crunch producers' summit

SINGAPORE: Oil prices rose slightly in Asia Friday after the International Energy Agency (IEA) said it saw the crude sup

Published 15 Apr, 2016 03:33am

Energy

Oil traders lose faith in recent rally, position for lower prices

SINGAPORE: Oil traders have ramped up their bets in the futures and options market that April's rally will run out o

Published 14 Apr, 2016 06:28am

Energy

US oil to test a support at $40.92

SINGAPORE: US oil is expected to test a support at $40.92 per barrel, a break below which could cause a loss to the next

Published 14 Apr, 2016 04:16am

Energy

Oil falls after rally fuelled by output freeze hopes

SINGAPORE: Oil prices fell on Wednesday, taking a breather after a rally fuelled by reports Saudi Arabia and Russia had

Published 13 Apr, 2016 07:51am

Energy

US oil may retrace to $41.28 before rising

SINGAPORE: US oil may retrace a bit further to $41.28 per barrel, before rising again, as suggested by its wave pattern

Published 13 Apr, 2016 04:14am

Energy

Oil prices fall on profit-taking, oversupply worries

SINGAPORE: Oil futures fell in Asian trade on Wednesday as profit-taking and concern over a larger-than-expected build i

Published 13 Apr, 2016 04:02am

Energy

Asia Fuel Oil-380cst cash discounts slip with May-June spreads

SINGAPORE: Cash discounts of Asian 380cst fuel oil slipped at the start of the week despite steady activity in the physi

Published 11 Apr, 2016 01:20pm

Energy

Oil prices rise in Asia as Doha meeting, US report loom

SINGAPORE: Crude prices rose in Asia Monday, extending last week's gains from data showing a drop in US production,

Published 11 Apr, 2016 07:25am

Energy

Brent crude's premium to Dubai hits over 2-month high

SINGAPORE: Brent's premium to Dubai crude hit the highest in more than two months after the European marker strength

Published 08 Apr, 2016 03:29pm

Energy

Middle East Crude-Prompt Dubai rises, spreads narrow

SINGAPORE: The Middle East crude benchmark Dubai strengthened on Friday, narrowing the prompt monthly spread to just 10

Published 08 Apr, 2016 03:17pm

Energy

Asia Fuel Oil-380cst spreads, differentials slip in muted activity

SINGAPORE: The Asian 380cst fuel oil prompt-month and cash differentials moved back into discounts on Friday amid muted

Published 08 Apr, 2016 02:12pm

Energy

Asia Naphtha/Gasoline-Cracks up, gasoline cash deal spree persists

SINGAPORE: Asia's naphtha crack rebounded marginally from a 2-1/2 week low to $81.68 a tonne on Friday, with traders

Published 08 Apr, 2016 01:09pm

Energy

Oil prices rise in Asia as output meeting approaches

SINGAPORE: Oil prices bounced Friday, with Brent climbing back above $40, as the market digested falling US output ahead

Published 08 Apr, 2016 07:16am

Energy

Asia-Pacific Crude-Under pressure as China demand weakens

SINGAPORE: Asia-Pacific crude stayed under pressure on Thursday as sellers were still trying to offload unsold May-loadi

Published 07 Apr, 2016 01:19pm

Energy

China urges power firms to sign long term contracts with coal miners

SHANGHAI: China has asked state-owned power plants to negotiate long-term supply contracts with coal producers in a bid

Published 07 Apr, 2016 08:11am

Energy

India crude import policy overhaul gives state refiners leeway

NEW DELHI: India's cabinet on Wednesday agreed to let state-owned oil refiners devise their own crude import policie

Published 06 Apr, 2016 02:15pm

Energy

Kazakh state oil firm completes $3bn Vitol advance deal

ASTANA: Kazakh state-owned oil company KazMunayGaz has completed the deal that will allow it to receive up to $3 billion

Published 06 Apr, 2016 01:29pm

Energy

Asia-Pacific Crude-More cargoes sell at lower premiums

SINGAPORE: The Asia-Pacific crude market remained weak on Tuesday after more May-loading cargoes were sold in tenders at

Published 05 Apr, 2016 01:38pm

Energy

India's Iran oil imports set to surge to 7-year high in 2016/17: sources

NEW DELHI: India is set to import at least 400,000 barrels per day (bpd) of Iranian oil in the year from April 1, with r

Published 04 Apr, 2016 01:11pm

Energy

India's March Iran oil imports top 500,000 bpd: tanker data

NEW DELHI: India's Iran oil imports topped 500,000 barrels per day (bpd) in March, highest in at least five years, a

Published 04 Apr, 2016 11:46am

Energy

Asia-Pacific Crude-Ample supplies weigh on market

SINGAPORE: The Asia-Pacific crude market remained weighed down by ample supplies on Monday after Thailand's PTT purc

Published 04 Apr, 2016 11:43am

Energy

Oil down as Saudi comments cast doubt on output freeze

SINGAPORE: Crude prices extended losses in Asia Monday after comments by Saudi Arabia cast doubt whether key producers m

Published 04 Apr, 2016 09:52am

Energy

Oil prices fall on dimming prospect of output restraint

SINGAPORE: Oil prices fell on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to

Published 04 Apr, 2016 09:09am

Energy

Iran seeks $2.5bn to modernise its oil tankers

DUBAI: Iran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions aga

Published 02 Apr, 2016 11:50am

Energy

Oil prices fall on stronger dollar, further oversupply worries

SINGAPORE: Oil futures fell in Asian trade on Friday as oversupply and a strengthening dollar weighed on sentiment, alth

Published 01 Apr, 2016 11:44am

Energy

Asia's Feb imports of Iran oil hit 2-year high

TOKYO: Asian imports of Iranian oil jumped nearly a quarter from a year earlier to a two-year high in February, as shipm

Published 31 Mar, 2016 02:07pm

Energy

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 ten

Published 31 Mar, 2016 12:31pm

Energy

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 o

Published 30 Mar, 2016 01:24pm

Energy

Sinopec to boost gas capacity two-thirds by 2020

HONG KONG: China Petroleum & Chemical Corporation (Sinopec) , plans to boost its domestic natural gas production cap

Published 30 Mar, 2016 12:54pm

Energy

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 o

Published 30 Mar, 2016 11:25am

Energy

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 stockpil

Published 30 Mar, 2016 06:04am

Energy

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 caut

Published 30 Mar, 2016 04:44am

Energy

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, unde

Published 29 Mar, 2016 02:54pm

Energy

Middle East Crude-Light grades steady; ESPO down

SINGAPORE: Light grades held steady in the Middle East crude market on Tuesday even as Russian ESPO's premium slippe

Published 29 Mar, 2016 02:49pm

Energy

Oil prices rise on lower US rig numbers

SINGAPORE: Oil prices edged up in Asia on Monday, recovering slightly from last week's decline, but analysts said tr

Published 28 Mar, 2016 03:03pm

Energy

Asia-Pacific Crude-Weakens as ESPO, NWS condensate premiums fall

SINGAPORE: The Asia-Pacific crude market weakened on Monday after Russian ESPO and Australia's North West Shelf (NWS

Published 28 Mar, 2016 02:32pm

Energy

Vietnam's Q1 crude oil export volume seen down 19.8pc y/y

HANOI: Vietnam's crude oil exports during January-March fell 19.8 percent from the same period last year to an estim

Published 25 Mar, 2016 10:40am

Energy

Inpex, Shell say yet to decide on onshore option for Indonesia LNG plant

JAKARTA: Japanese oil firm Inpex Corp and Royal Dutch Shell said on Thursday they have yet to decide whether to invest i

Published 24 Mar, 2016 02:39pm

Energy

Asia Distillates-Crack persists below $10, stocks high in Singapore

SINGAPORE: Asia's benchmark 500 ppm gasoil crack persisted below $10 a barrel for the fifth straight session, reflec

Published 24 Mar, 2016 02:03pm

Energy

Asia-Pacific Crude-Petronas offers first Kimanis condensate in 5 months

SINGAPORE: Asia-Pacific condensate weakened on Wednesday due to a rise in exports from Malaysia.Petronas has offered its

Published 23 Mar, 2016 10:34am

Energy

Oil dips as market reacts calmly to Brussels attacks

SINGAPORE: Oil prices eased Wednesday as traders reacted calmly to the Brussels attacks and kept their eye on global ove

Published 23 Mar, 2016 09:25am

Energy

Oil futures fall after API stockpile build reasserts glut concerns

TOKYO: Oil prices fell on Wednesday after figures from an industry group showed U.S. crude stockpiles rose last week mor

Published 23 Mar, 2016 09:01am

Energy

OPEC, Russia oil output freeze deal may be ‘meaningless’: IEA

SINGAPORE: A deal among some OPEC producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is

Published 23 Mar, 2016 08:55am

Energy

Oil prices fall on higher US rig numbers

SINGAPORE: Oil prices dipped slightly during early Asian trading on Monday as fresh oversupply concerns spurred by an in

Published 21 Mar, 2016 08:34am

Energy

Asia Distillates-Gasoil cracks fall below $10 on weak outlook

SINGAPORE: Margins for benchmark gasoil fell below $10 on Friday against a backdrop of rising crude prices and a weak me

Published 18 Mar, 2016 02:50pm

Energy

Japan to import US crude in May, 2nd cargo since export ban lifted: sources

HOUSTON/TOKYO: Japan will receive a US crude cargo in May, its second such purchase from the United States since Washing

Published 16 Mar, 2016 02:11pm

Energy

Indian firms invest $1.7bn for stake in Russian Taas-Yuriakh oilfield

NEW DELHI: Three Indian oil firms plan to invest $1.7 billion to pick up a stake in the Russian oil field Taas-Yuriakh,

Published 16 Mar, 2016 08:13am

Energy

China Jan-Feb natural gas output up 5.7pc

BEIJING: China's January-February natural gas output rose 5.7 percent compared with the same period a year earlier t

Published 12 Mar, 2016 11:37am

Energy

China Jan-Feb crude runs climb 4.6pc

BEIJING: China's January-February refinery throughput rose 4.6 percent compared to the same period a year earlier to

Published 12 Mar, 2016 11:32am

Energy

China Jan-Feb coal output falls 6.4pc on year

BEIJING: China produced 513 million tonnes of coal over the January-February period, down 6.4 percent compared with the

Published 12 Mar, 2016 11:32am

Energy

China Jan-Feb power output up 0.3pc on year

BEIJING: China produced 870.2 billion kilowatt-hours of power in the first two months of 2016, up 0.3 percent compared t

Published 12 Mar, 2016 11:31am

Energy

China's preliminary Jan-Feb implied oil demand up 0.6pc

BEIJING: China's January-February implied oil demand rose 0.6 percent from the same period a year earlier to 10.51 m

Published 12 Mar, 2016 11:28am

Energy

Asia Distillates-Crack stays above $10 on South, Southeast Asian demand

SINGAPORE: Asia's gasoil crack for the benchmark 500ppm grade stayed above $10 a barrel on Friday, supported by dema

Published 11 Mar, 2016 01:07pm

Energy

Oil rebounds in Asia but doubts emerge over producer meeting

SINGAPORE: Oil prices rebounded in Asia Friday but doubts over a planned meeting between producer giants including Russi

Published 11 Mar, 2016 05:32am

Energy

BP says maintenance planned at two Azeri platforms in 2016

BAKU: BP plans to suspend two of its offshore platforms in Azerbaijan for maintenance in the course of 2016, Gordon Birr

Published 10 Mar, 2016 03:19pm

Energy

Asia Fuel Oil-Time spreads jump on strong bidding, inventories rise

SINGAPORE: The time spreads for 380cst Asia fuel oil strengthened significantly on Thursday thanks to sustained buying i

Published 10 Mar, 2016 02:32pm

Energy

Indian reforms aim to unlock $40bn of oil and gas output

NEW DELHI/MUMBAI: India said on Thursday it hoped to unlock gas and oil resources worth almost $40 billion by simplifyin

Published 10 Mar, 2016 02:21pm

Energy

Oil prices dip after rally but supply worries persist

SINGAPORE: Oil prices held most of the previous day's strong gains Thursday, but while a dive in US gasoline stockpi

Published 10 Mar, 2016 06:54am

Energy

Middle East Crude-May Upper Zakum trades at premium

SINGAPORE: Trade for May-loading Middle East crude commenced, with Upper Zakum selling at a premium as refiners picked u

Published 09 Mar, 2016 03:20pm

Energy

Asia Naphtha/Gasoline-Naphtha up slightly, Formosa seeks cargoes

SINGAPORE: Asia's naphtha crack rebounded marginally on Wednesday from a 6-1/2 month low to reach a two-session high

Published 09 Mar, 2016 02:28pm

Energy

Crude price gains capped by China

LONDON: Oil prices rose Wednesday but renewed concerns over the global economy, in particular weak Chinese growth, cappe

Published 09 Mar, 2016 02:16pm

Energy

India's BPCL seeks Euro 4 gasoil in rare move

SINGAPORE: India's Bharat Petroleum Corp Ltd (BPCL) is seeking 35,000 tonnes of Euro 4 gasoil in a rare move to fill

Published 09 Mar, 2016 02:01pm

Energy

Crude prices subdued in Asia on weak Chinese trade data

SINGAPORE: Oil prices were subdued in Asia Tuesday after Chinese exports saw their heaviest fall in nearly seven years,

Published 09 Mar, 2016 07:02am

Energy

Asia Naphtha/Gasoline-Naphtha falls to 6-1/2 month low

SINGAPORE: Asia's naphtha crack for second-half April buckled under the weight of persistent supply, falling to $48.

Published 08 Mar, 2016 01:51pm

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil prices extended gains in Asia Monday boosted by strong US jobs growth data as a cut in US drilling activi

Published 07 Mar, 2016 06:46am

Energy

Malawi raises fuel prices in response to currency weakness

LILONGWE: Malawi increased fuel prices late on Friday, a move that is likely to push up prices for maize in the country

Published 05 Mar, 2016 11:52am

Energy

Iran oil and gas condensate exports to reach 2m bpd by end March

DUBAI: Iran's oil and gas condensate exports would reach 2 million barrels per day by the end of March, director of

Published 05 Mar, 2016 09:41am

Energy

Middle East Crude-Oman rises to parity; ADNOC raises prices

SINGAPORE: Oman rose for a fourth session on Friday, moving to parity against Dubai swaps in a sign of stronger demand f

Published 04 Mar, 2016 02:58pm

Energy

Asia Distillates-Gasoil differentials strengthen on tighter supply view

SINGAPORE: Cash and swap differentials of benchmark 500ppm gasoil strengthened on Friday, driven by the view that supply

Published 04 Mar, 2016 01:24pm

Energy

Oil prices steady as US out falls, eyes on talks

SINGAPORE: Oil prices held steady Thursday in Asian hours despite a rise in US inventories, with traders hoping talks am

Published 03 Mar, 2016 06:44am

Energy

Malaysia's Petronas says to cut 1,000 jobs

KUALA LUMPUR: Malaysian state energy firm Petronas said Tuesday it expects to cut about 1,000 jobs as it struggles with

Published 01 Mar, 2016 02:37pm

Energy

Oil prices unstable in Asia on weak Chinese data

SINGAPORE: Crude prices were unstable in Asia Tuesday after weak Chinese manufacturing data pared gains from Beijing&#39

Published 01 Mar, 2016 06:28am

Energy

Oil rises on positive US data

SINGAPORE: Oil prices rose Monday, boosted by hopes strengthening growth in top consumer the United States will soak up

Published 29 Feb, 2016 08:02am

Energy

China coal consumption drops again: govt

BEIJING: China's coal consumption fell for the second year in a row, government data showed Monday, as the world&#39

Published 29 Feb, 2016 08:01am

Energy

Middle East Crude-Dubai slumps to widest discount in more than 1 month

SINGAPORE: The Middle East crude benchmark Dubai slumped on Friday to the widest discount in more than a month in the ab

Published 26 Feb, 2016 02:14pm

Energy

Asia Naphtha/Gasoline-Gasoline at three-week high, naphtha still weak

SINGAPORE: Asia's naphtha crack edged up 0.8 percent on Friday to $72.30 a tonne, the highest since Feb. 16, with fi

Published 26 Feb, 2016 12:53pm

Energy

Bangladesh set to pay lower than current term deals in diesel, jet fuel tender

SINGAPORE: Bangladesh Petroleum Corp (BPC) has received lower offers in a tender to buy over 11 million barrels of diese

Published 25 Feb, 2016 01:47pm

Energy

China end-Jan commercial crude oil stocks at lowest since 2013

BEIJING: China's commercial crude oil stocks at the end of January fell 3.65 percent from the previous month, the of

Published 25 Feb, 2016 01:46pm

Energy

Middle East Crude-Reliance to deliver Upper Zakum to Shell

SINGAPORE: The Middle East crude benchmark Dubai firmed on Thursday, shored up by Shell's purchases during the Platt

Published 25 Feb, 2016 01:31pm

Energy

Oil prices fall as oversupply worries return

SINGAPORE: Oil fell in Asia on Thursday, ending a brief rally stoked by news US gasoline inventories fell after OPEC kin

Published 25 Feb, 2016 06:43am

Energy

Oil prices fall as OPEC squabbles over output targets, crude stocks swell

SINGAPORE: Oil prices slid on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia

Published 24 Feb, 2016 01:31pm

Energy

Asia-Pacific Crude-Weaker Chinese appetite weighs on Vietnam spot values

SINGAPORE: Spot values for Vietnam's Chim Sao weakened in the Asia-Pacific crude market, weighed by a seasonal lull

Published 24 Feb, 2016 12:56pm

Energy

Middle East Crude-Shell's purchases underpin Dubai

SINGAPORE: Middle East crude benchmarks were mixed on Wednesday, with Shell's purchases underpinning Dubai while Oma

Published 24 Feb, 2016 12:28pm

Energy

Oil prices extend losses in Asia

SINGAPORE: Oil prices fell further in Asia Wednesday after OPEC kingpin Saudi Arabia shut the door on an output cut to e

Published 24 Feb, 2016 06:26am

Energy

Crude prices down as doubts over production freeze linger

SINGAPORE: Oil prices dipped in Asia on Tuesday after mounting a strong rally the day before as traders remain doubtful

Published 23 Feb, 2016 06:35am

Energy

China's Jan Russian crude oil imports fall back from record

BEIJING: China's crude oil imports from Russia fell 30 percent in January from a record in December, customs data sh

Published 22 Feb, 2016 01:05pm

Energy

Middle East Crude-Dubai weakens on Chinaoil's sales

SINGAPORE: The Middle East crude benchmarks weakened with cash Dubai's discount to swap widening above $1 after Chin

Published 22 Feb, 2016 12:57pm

Energy

Iran says managed to increase its oil exports by 500,000 bpd

DUBAI: Iran has increased oil exports by 500,000 barrels per day since international sanctions against Tehran were lifte

Published 20 Feb, 2016 10:51am

Energy

Oil rally halted by US stockpiles rise, Saudi stance on cuts

SINGAPORE: Oil prices fell in Asia Friday after a sharp rise in US crude stockpiles and Saudi Arabia's rejection of

Published 19 Feb, 2016 08:15am

Energy

Asia-Pacific Crude-Tighter supply supports

SINGAPORE: The Asia-Pacific crude market was supported by tighter supply and less-than-expected seasonal refinery mainte

Published 18 Feb, 2016 12:44pm

Energy

Oil prices extend gains as Iran welcomes output freeze

SINGAPORE: Oil prices extended gains in Asia Thursday as traders welcomed comments from Iran's oil minister praising

Published 18 Feb, 2016 07:20am

Energy

Middle East Crude-Oman hits six-month high on China demand

SINGAPORE: Oman crude loading in April hit its strongest differential in six months on Wednesday, buoyed by robust deman

Published 17 Feb, 2016 12:58pm

Energy

Oil prices recover ahead of Iran-Iraq talks

SINGAPORE: Crude prices recovered in Asia Wednesday ahead of a meeting between the Iranian and Iraqi oil ministers and f

Published 17 Feb, 2016 07:09am

Energy

Oil prices surge as producers' meet spurs output cut hopes

TOKYO: Brent crude surged 6 percent to a near two-week high on Tuesday, as a meeting of oil ministers from Saudi Arabia,

Published 16 Feb, 2016 01:43pm

Energy

Oil prices rise on expected Russia-Saudi meeting

SINGAPORE: Oil prices rose on Tuesday with Brent breaking past $34 a barrel on expectations that energy heavyweights Rus

Published 16 Feb, 2016 06:57am

Energy

US crude jumps as big producers set for Doha meet

TOKYO: US oil prices jumped back above $30 a barrel on Tuesday as news of a rare private meeting of top officials from t

Published 16 Feb, 2016 12:38am

Energy

Brent oil to bounce towards $42.11 in four weeks

SINGAPORE: Brent oil may stabilize around a pivotal support of $28.31 per barrel, and then bounce towards a resistance a

Published 15 Feb, 2016 09:14am

Energy

Oil prices rally after plumbing new depths

SINGAPORE: Oil surged more than five percent in Asia Friday, a day after tanking towards 13-year lows and following a re

Published 12 Feb, 2016 07:31am

Energy

Brent oil to test resistance at $32.72

SINGAPORE: Brent oil is expected to test a resistance at $32.72 per barrel, as it has found a support at $30.58.The supp

Published 12 Feb, 2016 06:27am

Energy

Crude prices jump 5pc, but oversupply still damps outlook

SINGAPORE: Crude oil prices jumped more than 5 percent on Friday after comments by an OPEC energy minister sparked hopes

Published 12 Feb, 2016 06:01am

Energy

India's ONGC says paid no discount on crude oil sales to state refiners in Q3

MUMBAI: India's Oil and Natural Gas Corp paid no discount on crude oil sales to state refiners in the December quart

Published 11 Feb, 2016 12:17pm

Energy

US oil prices dive below $27 a barrel

SINGAPORE: US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high

Published 11 Feb, 2016 11:01am

Energy

Asia Naphtha-Bangladesh naphtha tender gets lowest bid since Nov 2014

DHAKA: Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Japanese trading firm Itochu at a discoun

Published 08 Feb, 2016 01:36pm

Energy

Oil prices dip as supply fears offset Saudi-Venezuela talks

TOKYO: Crude prices edged down in Asia on Monday as worries about the ongoing supply glut offset news that the oil minis

Published 08 Feb, 2016 08:16am

Energy

Iran's crude oil sales to Europe have reached above 300,000 bpd after sanctions: Shana

DUBAI: Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting

Published 06 Feb, 2016 08:28pm

Energy

Middle East Crude-Steady; Saudi raises prices for heavy grades

SINGAPORE: The Middle East crude market held steady on Friday amid subdued activity ahead of the Lunar New year.In line

Published 05 Feb, 2016 11:12am

Energy

Oil gives up gains as weak dollar offsets supply concerns

SINGAPORE: Crude prices were mixed Friday in Asia despite a weaker US dollar as concerns over a global supply glut persi

Published 05 Feb, 2016 09:11am

Energy

Oil prices extend rebound in Asia

SINGAPORE: Oil prices extended their rebound in Asia Thursday, buoyed by a weaker dollar, bargain buying and fresh specu

Published 04 Feb, 2016 05:32am

Energy

Oil producers struggle to plug budget holes torn by price collapse

PARIS: Oil producing countries are scrambling to fill gaping holes in their budgets torn by crashing petroleum prices, w

Published 03 Feb, 2016 05:54am

Energy

Oil prices extend losses in Asia

SINGAPORE: World oil prices extended losses in Asia Tuesday on weak economic data from top energy consumer China and rea

Published 02 Feb, 2016 06:03am

Energy

Plunging China stocks see cruellest month since 2008

SHANGHAI: Chinese stocks slumped an astonishing 23 percent in January, their worst month since the depths of the global

Published 29 Jan, 2016 10:27am

Energy

Middle East Crude-Steady; Chinaoil gets another Upper Zakum

SINGAPORE: The Middle East crude benchmarks held steady on Thursday with Chinaoil's purchases underpinning Dubai.Chi

Published 28 Jan, 2016 01:04pm

Energy

Asia-Pacific Crude-Chinese demand boosts ESPO premiums

SINGAPORE: Chinese demand boosted spot premiums for Russia's ESPO grade in the Asia-Pacific crude market on Wednesda

Published 27 Jan, 2016 01:11pm

Energy

Middle East Crude-Chinaoil buys 5th al-Shaheen cargo

SINGAPORE: The Middle East crude benchmark Dubai bounced higher on Wednesday, buoyed by Chinaoil's purchases.Cash Du

Published 27 Jan, 2016 01:05pm

Energy

Oil tumbles as profit-taking kicks in ahead of stocks data

SEOUL: Crude oil futures declined on Wednesday, heading back towards $30 a barrel as profit-taking wiped out a chunk of

Published 27 Jan, 2016 09:46am

Energy

US oil to approach support at $29.07 again

SINGAPORE: US oil may approach support at $29.07 per barrel again, as its correction from the Jan. 25 high of $32.74 loo

Published 27 Jan, 2016 01:14am

Energy

Russia beats Saudis in monthly China crude exports in Dec, 4th time in 2015

BEIJING: Russia overtook Saudi Arabia in December crude oil exports to China, becoming the largest supplier into the cou

Published 26 Jan, 2016 09:50am

Energy

China commercial crude oil stocks down 3pc in 2015

BEIJING: China's commercial crude stocks fell in December to their lowest level in 20 months, and dropped roughly 3

Published 25 Jan, 2016 03:39pm

Energy

Taiwan to expand oil imports from Iran as sanctions gone

SINGAPORE: Taiwan's refiners will increase crude imports from Iran this year, company spokesmen said on Monday, pavi

Published 25 Jan, 2016 10:28am

Energy

Oil prices extend rise above $32 in Asia on demand hopes

SINGAPORE: Oil prices extended their rally in Asia Monday buoyed by hopes of extra stimulus measures in the eurozone and

Published 25 Jan, 2016 05:39am

Energy

China's opening up of oil market under scrutiny after deals sour

BEIJING/SINGAPORE: A Chinese industry body said it could review rules covering the import of crude by new entrants after

Published 22 Jan, 2016 07:37am

Energy

Oil prices extend gains in Asia on stimulus pledge

SINGAPORE: Oil prices rose in Asia Friday after the European Central Bank (ECB) signalled further stimulus measures to h

Published 22 Jan, 2016 05:35am

Energy

Plunging crude prices slam Singapore oil rig maker

SINGAPORE: The world's largest builder of offshore oil rigs said Thursday its fourth quarter net profits were down 4

Published 21 Jan, 2016 02:53pm

Energy

Asia-Pacific Crude-Steady to slightly weaker on easing refinery demand

SINGAPORE: Spot differentials in the Asia-Pacific crude market were steady to slightly lower on Thursday as refinery dem

Published 21 Jan, 2016 11:32am

Energy

Oil prices resume slide in Asia on glut woes

SINGAPORE: Oil resumed its slide in Asia Thursday, reversing earlier gains as the supply glut and weak demand that sent

Published 21 Jan, 2016 06:58am

Energy

Oil prices dip again as oversupply weighs on market

SINGAPORE: Oil prices dipped on Thursday, erasing modest early gains as analysts said a persistent global surplus of cru

Published 21 Jan, 2016 06:43am

Energy

US crude oil prices stabilise but market sentiment remains bearish

SINGAPORE: US crude oil prices stabilised in early Asian trade on Thursday after hitting fresh 2003 lows the session bef

Published 21 Jan, 2016 05:48am

Energy

Oil prices stabilise but market sentiment remains bearish

SINGAPORE: Oil prices stabilised in early trading on Thursday after hitting fresh 2003 lows the session before, but anal

Published 21 Jan, 2016 05:40am

Energy

Oil prices rebound in Asia but glut woes remain

SINGAPORE: Oil rose in Asia Thursday, giving a much-needed breather to the battered crude market, but traders remain on

Published 21 Jan, 2016 04:40am

Energy

Middle East Crude-Dubai strengthens on Chinaoil's bids

SINGAPORE: The Middle East crude benchmark Dubai strengthened on Wednesday due to robust demand from Chinaoil.Cash Dubai

Published 20 Jan, 2016 01:19pm

Energy

Oil falls 2-3pc on surplus worries, as US drops towards $27

SINGAPORE: Crude futures slumped again in Asian trade on Wednesday, with U.S. oil droppping more than 3 percent towards

Published 20 Jan, 2016 07:51am

Energy

Azerbaijan's oil output fell 0.8pc in 2015

BAKU: Azerbaijan's crude oil and condensate production in 2015 fell by 0.8 percent year-on-year to 41.7 million tonn

Published 19 Jan, 2016 03:30pm

Energy

Middle East Crude-Oman eases after Monday's brief spike

SINGAPORE: The Middle East crude benchmarks Dubai and Oman eased on Tuesday after a brief spike in value for the Omani g

Published 19 Jan, 2016 01:01pm

Energy

Asia-Pacific Crude-Gasoline demand supports light grades

SINGAPORE: Spot premiums for Papua New Guinea's Kutubu rose in the Asia-Pacific crude market as refiners soak up lig

Published 19 Jan, 2016 12:48pm

Energy

Vietnam cuts retail fuel prices for a second time in January

HANOI: Vietnam has cut retail fuel prices for the second time this month on Tuesday as international crude oil prices ha

Published 19 Jan, 2016 10:52am

Energy

Oil prices stuck below $30 on worsening glut fears

SINGAPORE: Oil prices were stuck near 12-year lows at below $30 in Asia Tuesday as Iran ordered a boost to crude product

Published 19 Jan, 2016 06:49am

Energy

Asia-Pacific Crude-Steady; Surgut sells March ESPO

SINGAPORE: The Asia-Pacific crude market was steady on Monday with spot premiums for Russia's ESPO Blend unchanged f

Published 18 Jan, 2016 01:18pm

Energy

Middle East Crude-DME Oman jumps to highest since Aug

SINGAPORE: DME Oman crude jumped to its strongest differential against Dubai swaps since August on Monday, partly due to

Published 18 Jan, 2016 12:38pm

Energy

Oil prices ease in Asian trade, stuck near 12-year lows

SINGAPORE: Oil prices eased in Asia Friday, with the under-pressure commodity sitting around 12-year lows as dealers pre

Published 15 Jan, 2016 06:10am

Energy

US oil biased to fall to $30.13

SINGAPORE: US oil is biased to break a support at $30.92 per barrel and fall towards the next support at $30.13, as it f

Published 15 Jan, 2016 12:39am

Energy

Brent stays below $30 a barrel on oversupply worries

SINGAPORE: Brent oil stayed below $30 a barrel as prices remained weak in Asia Thursday after US crude and fuel inventor

Published 14 Jan, 2016 05:57am

Energy

Amid global price rout, China crude oil imports hit record

BEIJING: China's crude oil imports hit a record 7.82 million barrels a day (bpd) in December, customs data showed, a

Published 13 Jan, 2016 08:16am

Energy

Dalian iron ore drops 4th day as record China imports highlight glut

MANILA: Chinese iron ore futures dropped for a fourth session in a row on Wednesday, reflecting concerns over weak deman

Published 13 Jan, 2016 07:41am

Energy

Iraq's crude exports in Feb may top Nov record as market share battle intensifies

SINGAPORE: Exports of Iraq's flagship Basra crude could touch a new high in February, as major oil producers defend

Published 12 Jan, 2016 09:05am

Energy

Oil drops over 2 pct as China slowdown weighs: market loses faith in rebound

SINGAPORE: Crude oil prices fell over 2 percent on Monday as China's economic slowdown dented the outlook for demand

Published 11 Jan, 2016 07:55am

Energy

THERMAL COAL-Markets start 2016 warily as demand outlook remains bleak

SINGAPORE: Thermal coal prices started the new year warily with physical cargo values around $50 per tonne and futures t

Published 06 Jan, 2016 08:01am

Energy

Oil prices up in Asia ahead of US cude inventories report

SINGAPORE: Oil prices edged higher in Asia Wednesday, ahead of the release of a US stockpiles report, with investors als

Published 06 Jan, 2016 05:21am

Energy

Oil prices rebound in Asia as Saudi-Iran row deepens

SINGAPORE: Oil prices rebounded in Asia Tuesday as a diplomatic row between Saudi Arabia and Iran deepened, but a global

Published 05 Jan, 2016 09:30am

Energy

Oil prices rise after Saudi Arabia cuts ties with Iran

SINGAPORE: Oil prices rose in Asia Monday after crude kingpin producer Saudi Arabia cut diplomatic ties with Iran follow

Published 04 Jan, 2016 08:25am

Energy

Oil prices edge up in Asia after another sell-off

SINGAPORE: Oil prices rebounded in Asia Thursday on bargain-hunting on the last trading day of 2015 following a sharp de

Published 31 Dec, 2015 09:13am

Energy

Middle East Crude-March Sokol spot premium falls

SINGAPORE: March spot premiums for Russian Sokol crude dropped on Tuesday in a sign that demand is expected to ease goin

Published 29 Dec, 2015 01:25pm

Energy

Oil prices edge down as slowing demand adds to high output

SINGAPORE: Crude oil futures came under renewed pressure early on Tuesday as fears of slowing demand added to near-recor

Published 29 Dec, 2015 01:56am

Energy

Middle East Crude-Cash Dubai, DME Oman weaken

SINGAPORE: The Middle East crude market weakened on Monday, with discounts to both the cash Dubai and DME Oman benchmark

Published 28 Dec, 2015 02:52pm

Energy

Japan crude imports from Iran rise 3.1 pct in Nov

TOKYO: Japan's crude oil imports from Iran in November rose 3.1 percent from a year earlier to 168,285 barrels per d

Published 28 Dec, 2015 06:38am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices fell in Asia on Monday, giving up some of last week's sharp gains as concerns of a global supp

Published 28 Dec, 2015 05:58am

Energy

Vietnam 2015 crude oil export volume eases 0.6pc

HANOI: Vietnam's crude oil exports this year dipped an estimated 0.6 percent from a year ago to 9.25 million tonnes,

Published 26 Dec, 2015 06:15am

Energy

US crude pips into premium over Brent as exports loom though price outlook remains bleak

SINGAPORE: US crude prices briefly rose to a premium over internationally traded Brent on Wednesday following a report o

Published 23 Dec, 2015 01:07pm

Energy

Middle East Crude-Dubai strengthens on strong bid

SINGAPORE: The Middle East crude benchmark Dubai strengthened on Wednesday on a strong bid from Gunvor even though no pa

Published 23 Dec, 2015 12:55pm

Energy

Indonesia sees 2015 coal output down 16pc

JAKARTA: Indonesia's coal production is expected to reach 383 million tonnes in 2015, 10 percent below an earlier ou

Published 23 Dec, 2015 08:41am

Energy

Oil rises, WTI and Brent at parity ahead of US supply report

SINGAPORE: Oil prices rose in Asian trading hours Wednesday after the US benchmark WTI overtook its European counterpart

Published 23 Dec, 2015 06:15am

Energy

Middle East Crude-Dubai gains on demand from Chinaoil, Gunvor

SINGAPORE: The Middle East crude benchmark Dubai gained on Tuesday on firm demand from Chinaoil and Gunvor.Dubai's d

Published 22 Dec, 2015 12:34pm

Energy

Oil prices edge up as northern hemisphere moves into peak winter demand

SINGAPORE: Oil prices edged away from multi-year lows on Tuesday as the northern hemisphere moves into the peak-demand w

Published 22 Dec, 2015 06:30am

Energy

Azeri oil exports down 1pc in Jan-Nov yr/yr: customs

BAKU: Azerbaijan's oil exports edged down by 1 percent in January-November compared with the same year-ago period, d

Published 21 Dec, 2015 03:25pm

Energy

Middle East Crude-Chinaoil's purchases support Dubai

SINGAPORE: The Middle East crude oil benchmarks Dubai and Oman firmed on Monday after Chinaoil resumed purchases.The tra

Published 21 Dec, 2015 01:34pm

Energy

LNG shippers brace for wave of consolidation as freight rates sink

SINGAPORE: Shippers who ply the seas to deliver liquefied natural gas (LNG) in massive tankers are likely to face a wave

Published 21 Dec, 2015 06:17am

Energy

Brent crude falls almost 2pc to 2004 low as market rout heads into Christmas

SINGAPORE: Brent crude oil prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 200

Published 21 Dec, 2015 05:34am

Energy

Brent crude falls almost 2pc to 2004 low as market rout heads into Christmas

SINGAPORE: Brent crude oil prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 200

Published 21 Dec, 2015 05:34am

Energy

Crude mixed on dollar effect, oversupply

SINGAPORE: Crude prices were mixed in late Asian trading on Friday after the US oil benchmark closed at its lowest level

Published 18 Dec, 2015 09:23am

Energy

Oil heads for third weekly loss after new signs of inventory building

TOKYO: Crude futures were mixed in Asian trading on Friday as fresh signs of inventory building and the Fed's rate h

Published 18 Dec, 2015 07:16am

Energy

As China's demand wanes, the golden age of coal comes to an end: IEA

SINGAPORE: China faces peak coal demand for the first time as a cooling economy and shifts in industry hit consumption,

Published 18 Dec, 2015 06:59am

Energy

Crude falls after US fed rate hike, inventory gains

TOKYO: Crude futures fell in Asian trade on Thursday, adding to sharp losses the previous session after the Federal Rese

Published 17 Dec, 2015 07:13am

Energy

OPEC says low oil price won't continue, may rise within a year

NEW DELHI: Global crude oil prices at seven-year lows will not continue and could swing upwards in as little as a year,

Published 15 Dec, 2015 11:14am

Energy

Oil prices mixed in Asia ahead of Fed move

SINGAPORE: Oil prices were mixed in Asian trade on Tuesday after rebounding from sub-$35 levels in New York, but traders

Published 15 Dec, 2015 07:42am

Energy

Asia Distillates-Gasoil differential down on more Taiwan supply

SINGAPORE: The Asian gasoil differential weakened on Monday due to more spot supply out of Taiwan and general oversupply

Published 14 Dec, 2015 01:44pm

Energy

China Nov natural gas output up 0.2pc

BEIJING: China's natural gas production rose 0.2 percent in November from a year earlier to 11.1 billion cubic metre

Published 12 Dec, 2015 12:09pm

Energy

China's preliminary Nov implied oil demand down 1.6pc on year

BEIJING: China's implied oil demand fell 1.6 percent in November from a year earlier to 10.17 million barrels per da

Published 12 Dec, 2015 12:06pm

Energy

Oil extends losses in Asia on strong OPEC output

SINGAPORE: Oil tumbled to fresh multi-year lows in Asia Friday after OPEC said output had surged, exacerbating concerns

Published 11 Dec, 2015 07:30am

Energy

Petronas set to restart Melaka refinery in mid-Dec

SINGAPORE: Malaysia's Petroliam Nasional Bhd (Petronas) plans to restart its 270,000 barrels per day (bpd) Melaka re

Published 10 Dec, 2015 03:05pm

Energy

Asia Fuel Oil-Asian fuel oil edges up in slow trade

SINGAPORE: Fuel oil markets in Singapore remained relatively quiet as 180-cst fuel oil prices edged up while the more ac

Published 10 Dec, 2015 01:27pm

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices edged up in Asia Thursday following signs of a slight improvement in US demand but concerns that a

Published 10 Dec, 2015 07:29am

Energy

US crude prices edge up on dip in crude inventories, but glut still bites

SINGAPORE: US crude oil prices edged up in early Asian trading on Thursday, supported by a fall in crude inventories aft

Published 10 Dec, 2015 12:35am

Energy

Asia-Pacific Crude: Brent's premium to Dubai rises above $4 a barrel

SINGAPORE: Brent crude's widening premium to Dubai swaps could put pressure on the Asia-Pacific crude market, though

Published 09 Dec, 2015 02:06pm

Energy

Asia Naphtha/Gasoline-Gasoline crack rises; outlook robust

SINGAPORE: Asia's naphtha crack rose to around $126 a tonne on Wednesday, supported by robust demand from the petroc

Published 09 Dec, 2015 02:03pm

Energy

Turkey limits gas usage at some plants in precaution ahead of winter

ANKARA: Turkish pipeline company Botas has cut gas usage to 50 percent of capacity at some power stations in a precautio

Published 09 Dec, 2015 08:39am

Energy

Oil prices up but stay near multi-year lows

SINGAPORE: Oil prices crept higher in Asia Wednesday but remained near multi-year lows ahead of a report on US crude inv

Published 09 Dec, 2015 07:23am

Energy

Safe-haven currencies gain on oil weakness, China fears

TOKYO: The yen and euro got a boost Wednesday as traders bought safe-haven currencies while commodity-linked units took

Published 09 Dec, 2015 06:37am

Energy

Oil prices edge up amid ongoing commodity downturn

SINGAPORE: Crude prices found at least temporary support early on Wednesday after the dollar weakened and China's co

Published 09 Dec, 2015 01:18am

Energy

Asia Fuel Oil: Differentials improve though supply still weighs

SINGAPORE: Asian fuel oil differentials improved on Tuesday though a heavy supply of marine and power generation fuel co

Published 08 Dec, 2015 12:48pm

Energy

US crude oil prices remain near 7-year lows as OPEC glut bites

SINGAPORE: Crude prices remained near 7-year lows in early Asian trading on Tuesday as OPEC continues to pump near recor

Published 08 Dec, 2015 01:01am

Energy

Brent oil may fall into $39.79-$40.16 range

SINGAPORE: Brent oil may fall into a range of $39.79-$40.16 per barrel, as it has broken a support at $40.75.The support

Published 08 Dec, 2015 01:00am

Energy

Oil price rout hits energy shares, dollar firm

TOKYO: Asian stock markets teetered near their weakest levels in three weeks on Tuesday, as a rout in oil prices to near

Published 08 Dec, 2015 12:58am

Energy

Asia Fuel Oil: Differentials fall on lack of winter demand

SINGAPORE: Asian fuel oil differentials fell on Monday partly because winter demand for power generation has yet to mate

Published 07 Dec, 2015 01:48pm

Energy

Oil stays below $40 after OPEC decides against output cut

SINGAPORE: Oil stayed below $40 a barrel in Asia Monday after the OPEC cartel decided against slashing high output level

Published 07 Dec, 2015 02:50am

Energy

Brent oil may test support at $42.30

SINGAPORE: Brent oil may test a support at $42.30 per barrel, a break below which could cause a loss to the next support

Published 07 Dec, 2015 01:47am

Energy

US oil may break support at $39.23

SINGAPORE: US oil may break a support at $39.23 per barrel and fall towards the next support at $38.38, as suggested by

Published 07 Dec, 2015 01:34am

Energy

OPEC decision to keep output high pulls oil prices close to 2015 lows

SINGAPORE: Crude prices fell on Monday in the first trading session after OPEC-members failed to agree on output targets

Published 07 Dec, 2015 01:21am

Energy

Iran oil minister blames OPEC oversupply for low crude prices

DUBAI: OPEC members that supply too much crude oil to the market are responsible for low prices, Iran's oil minister

Published 07 Dec, 2015 12:54am

Energy

Oil prices up as divided OPEC meets

SINGAPORE: Oil prices rose in Asia Friday as traders hedged their bets ahead of a meeting of the OPEC cartel whose membe

Published 04 Dec, 2015 07:02am

Energy

Oil prices bounce back on eve of OPEC meeting

SINGAPORE: Oil prices bounced back in Asia Thursday but trading was cautious on signs the OPEC cartel is divided ahead o

Published 03 Dec, 2015 07:41am

Energy

Oil prices down in Asia ahead of OPEC policy meeting

SINGAPORE: Oil prices fell in Asia Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) prepared fo

Published 02 Dec, 2015 06:45am

Energy

Oil prices rise in Asia with OPEC meeting in focus

SINGAPORE: Oil prices rose in Asia Tuesday, three days before an OPEC meeting in which the cartel is expected to maintai

Published 01 Dec, 2015 06:47am

Energy

Japan's JX sees Marifu refinery turnaround in Jan-March

TOKYO: Japan's biggest oil refiner, JX Nippon Oil & Energy Corp, said on Friday it would conduct scheduled maint

Published 27 Nov, 2015 06:50am

Energy

Oil prices hold above $43 in Asia

SINGAPORE: Oil prices held above $43 a barrel in Asia Thursday after US commercial crude supplies rose at a slower pace,

Published 26 Nov, 2015 01:06pm

Energy

Middle East Crude-December Basra Heavy trades in premium

SINGAPORE: The Middle East crude market held steady on Thursday with trade for January cargoes mostly done at higher dif

Published 26 Nov, 2015 12:19pm

Energy

Asia-Pacific Crude-Condensate strengthens further

SINGAPORE: The Asia-Pacific crude market was supported by strong refinery demand on Thursday, while arbitrage supply was

Published 26 Nov, 2015 12:13pm

Energy

Asia Fuel Oil-Cracks, spreads remain tight as bunker prices climb

SINGAPORE: Asia's fuel oil crack for benchmark 180-centistroke rebounded to a discount of $6.79 a barrel on Wednesda

Published 25 Nov, 2015 07:18pm

Energy

Oil prices up in Asia

SINGAPORE: Oil prices held above $43 a barrel in Asia Thursday after US commercial crude supplies rose at a slower pace

Published 25 Nov, 2015 07:17pm

Energy

Oil eases after big rally on increased Mideast risk

SEOUL: Crude oil futures eased on Wednesday after prices hit two-week highs in the previous session as tension mounted i

Published 25 Nov, 2015 12:34pm

Energy

Asia-Pacific Crude-Steady; Brunei sells Jan Kimanis

SINGAPORE: The Asia-Pacific crude market held steady, supported by high freight rates while lighter grades were boosted

Published 25 Nov, 2015 12:05pm

Energy

Middle East Crude-ESPO edges up on China demand

SINGAPORE: DME Oman fell further into discount in the Middle East crude market on Wednesday, while Russian ESPO crude ed

Published 25 Nov, 2015 12:00pm

Energy

Oil prices turn higher as diplomats seek to ease Middle East tensions

SINGAPORE: Oil prices turned higher in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey

Published 25 Nov, 2015 07:28am

Energy

Oil prices down on diplomatic efforts to ease Middle East tensions

SINGAPORE: Oil prices fell in Asia Wednesday as diplomats tried to ease geopolitical tensions sparked by Turkey's sh

Published 25 Nov, 2015 06:13am

Energy

Asia-Pacific Crude-Strong refining margins support

SINGAPORE: Robust refinery demand continued to support the Asia-Pacific crude market while high freight rates curbed sup

Published 24 Nov, 2015 12:00pm

Energy

Middle East Crude-Naphtha cracks underpin refinery demand

SINGAPORE: The Middle East crude market was underpinned by strong demand as refiners benefited from low oil prices and h

Published 24 Nov, 2015 11:45am

Energy

China's teapot oil refineries set to export fuel for the first time

BEIJING: Beijing will allow independent refineries to export refined fuel next year for the first time, sources said, fr

Published 24 Nov, 2015 11:34am

Energy

Oil prices up in Asia ahead of OPEC meeting, US report

SINGAPORE: Oil prices climbed in Asia Tuesday ahead of a key meeting of the OPEC oil cartel and a report on US commercia

Published 24 Nov, 2015 06:48am

Energy

China's Oct Iran crude oil imports down 0.1pc on year: customs

BEIJING: China's October Iranian crude oil imports edged down slightly from a year earlier to their lowest level in

Published 23 Nov, 2015 12:42pm

Energy

Middle East Crude-Refinery demand supported by weaker Dubai

SINGAPORE: The Middle East crude market was supported by healthy refining margins on Monday, while Dubai swaps weakened

Published 23 Nov, 2015 12:05pm

Energy

Asia-Pacific Crude-Tight supply supports heavy sweets

SINGAPORE: The Asia-Pacific crude market was supported by strong refinery demand on Monday even as Brent's premium t

Published 23 Nov, 2015 12:03pm

Energy

Asia Fuel Oil-Crack gains, spreads tighten on arbitrage volumes

SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke rose on Monday, snapping three straight sessions of de

Published 23 Nov, 2015 11:57am

Energy

Oil down in Asia on oversupply fears

SINGAPORE: Oil prices fell in Asia on Monday, extending their slide as a stronger dollar and news that world stockpiles

Published 23 Nov, 2015 06:36am

Energy

Asia Fuel Oil: Crack falls again; Dec build in arbitrage volumes seen

SINGAPORE: Asia's fuel oil crack for benchmark 180-centistoke fell on Friday for a third straight session on firm oi

Published 20 Nov, 2015 12:48pm

Energy

Oil prices slightly up in Asia but gains limited

SINGAPORE: Oil prices were higher in Asia Friday, but gains were limited in a market burdened by a persistent oversupply

Published 20 Nov, 2015 08:26am

Energy

Oil traders prepare for next big price drop in March 2016

SINGAPORE: Oil traders are preparing for another downward turn in prices by March 2016, market data suggests, as what is

Published 19 Nov, 2015 12:52pm

Energy

Middle East Crude-Lighter grades supported

SINGAPORE: Robust refinery demand for lighter grades supported the Middle East crude market, while DME Oman continued to

Published 19 Nov, 2015 11:48am

Energy

Asia-Pacific Crude-Refinery demand supports Malaysian grades

SINGAPORE: The Asia-Pacific crude market was supported by strong refinery demand and high freight rates, traders said on

Published 19 Nov, 2015 11:44am

Energy

Oil prices up on France IS strikes, US stockpiles data

SINGAPORE: Oil prices rose in Asian trade Thursday as Europe struck back against the Islamic State (IS) group after the

Published 19 Nov, 2015 08:19am

Energy

Middle East Crude-Dubai, Oman rebound; Platts adds new grades

SINGAPORE: Cash Dubai and DME Oman in the Middle East crude market recovered on Wednesday from lows seen earlier this we

Published 18 Nov, 2015 02:17pm

Energy

Azeri oil exports down 0.4pc in Jan-Oct: customs

BAKU: Azerbaijan's oil exports edged down 0.4 percent in January through October compared with a year earlier, drive

Published 18 Nov, 2015 12:18pm

Energy

China cuts wholesale gas prices for second time this year

BEIJING: China will cut wholesale prices of natural gas from Friday, the country's top economic planner said in the

Published 18 Nov, 2015 11:31am

Energy

Asia-Pacific Crude-Refinery demand supports

SINGAPORE: The Asia-Pacific crude market was supported by refiners ramping up runs to benefit from strong margins, altho

Published 18 Nov, 2015 11:29am

Energy

Azeri Jan-Oct oil output falls 2pc year on year

BAKU: Azerbaijan's crude oil and condensate production for the first 10 months of 2015 fell 2 percent year on year t

Published 17 Nov, 2015 02:05pm

Energy

Iran plans to raise gas output to more than 1 bcm a day in 2.5 years

DUBAI: Iran plans to increase its production of natural gas to more than 1 billion cubic metres (bcm) a day in the next

Published 17 Nov, 2015 12:49pm

Energy

Oil prices mixed in Asia ahead of US inventories report

SINGAPORE: Oil prices were mixed in Asia Tuesday as investors waited for data on US crude stockpiles expected to further

Published 17 Nov, 2015 12:06pm

Energy

Oil prices up in Asia but gains limited

SINGAPORE: Oil prices extended gains in Asia on Tuesday but the uptick was capped as investors waited for data on US cru

Published 17 Nov, 2015 05:54am

Energy

Mideast oil price Dubai weakens, may spur Asia demand

SINGAPORE: Middle East crude oil price benchmark Dubai weakened further on Monday in response to selling pressure, trade

Published 16 Nov, 2015 01:02pm

Energy

Oil prices up on geopolitical tensions sparked by Paris attacks

SINGAPORE: Oil prices climbed in Asia Monday on geopolitical tensions sparked by the deadly terror attacks in Paris, but

Published 16 Nov, 2015 11:41am

Energy

Brent oil to test support at $43.74

SINGAPORE: Brent oil is expected to test a support at $43.74 per barrel, a break below which will cause a loss to the ne

Published 13 Nov, 2015 08:16am

Energy

Oil prices bounce back in Asia but demand woes linger

SINGAPORE: Oil prices rose in Asia Thursday, bouncing back from a sharp fall the day before but expectations of another

Published 12 Nov, 2015 07:30am

Energy

Middle East Crude-Dubai, Oman stay weak

SINGAPORE: The Middle East crude market stayed weak on Wednesday with cash Dubai and Oman at discounts of more than $2 a

Published 11 Nov, 2015 12:32pm

Energy

ASIA FUEL OIL: Differentials remain unchanged on slow demand

SINGAPORE: Asia's fuel oil differentials for benchmark 180 and 280-centistroke remained unchanged for a second strai

Published 11 Nov, 2015 11:36am

Energy

Oil prices resume decline in Asia

SINGAPORE: Oil prices resumed their decline in Asia Wednesday, with global crude oversupply continuing to dampen investo

Published 11 Nov, 2015 06:59am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil prices rose in Asia Friday but a supply glut and clearer hints the Fed might raise interest rates next mo

Published 06 Nov, 2015 08:13am

Energy

Asia-Pacific Crude-Firm on robust Thai demand

SINGAPORE: The Asia-Pacific crude market held firm on Wednesday as robust demand from Thailand helped soak up excess sup

Published 04 Nov, 2015 02:27pm

Energy

Oil prices flat in Asia on US data and supply concerns

SINGAPORE: Oil prices were flat in Asia Wednesday as investors weighed US petroleum industry data showing a build-up in

Published 04 Nov, 2015 06:29am

Energy

Oil prices up in Asia ahead of US crude inventories report

SINGAPORE: Oil prices rebounded in Asia Tuesday, buoyed by bargain hunting ahead of the release of US government data th

Published 03 Nov, 2015 07:12am

Energy

Oil prices retreat in Asia as rally fizzles

SINGAPORE: Oil prices declined in Asia Friday as a midweek rally dissipated with no relief in sight to a global crude ov

Published 30 Oct, 2015 06:20am

Energy

Nepal signs fuel agreement with China to ease crisis: official

KATHMANDU: Nepal signed its first ever fuel agreement with China Wednesday for Beijing to supply petroleum to ease a cri

Published 29 Oct, 2015 10:05am

Energy

Oil prices flat in Asia before supplies report, Fed decision

SINGAPORE: Oil prices barely moved in Asia Wednesday as investors waited for a report on US crude inventories and the co

Published 28 Oct, 2015 06:56am

Energy

Oil prices retreat in Asia

SINGAPORE: Oil prices extended losses in Asia Tuesday on expectations of a rise in US crude inventories and following fo

Published 27 Oct, 2015 07:22am

Energy

Shanghai, Hong Kong equities down by break

HONG KONG: Shares in Shanghai slipped in morning trade Tuesday after ending the previous day at a two-month high, while

Published 27 Oct, 2015 07:11am

Energy

Oil prices drop in Asia on oversupply fears

SINGAPORE: Oil prices dipped in Asia on Wednesday as traders anticipated an increase in US crude inventories when weekly

Published 21 Oct, 2015 06:33am

Energy

Shanghai, Hong Kong stocks ease after China inflation data

HONG KONG: Shares in Shanghai broke a five-session winning streak Wednesday after data showing Chinese inflation eased i

Published 14 Oct, 2015 08:50am

Energy

Oil rebounds in Asia

SINGAPORE: Oil rebounded in Asia Tuesday on bargain hunting following a sharp fall the day before as lingering concerns

Published 13 Oct, 2015 06:21am

Energy

Brent oil may fall towards $49.78

SINGAPORE: Brent oil may break a support at $51.55 per barrel and fall towards the next support at $49.78, as it failed

Published 08 Oct, 2015 08:44am

Energy

Oil prices bounce back in Asian trade

SINGAPORE: Oil prices bounced back in Asia Thursday as investors weighed a rise in US crude inventories and production a

Published 08 Oct, 2015 06:36am

Energy

Brent oil to climb to $52.98

SINGAPORE: Brent oil is expected to climb to $52.98 per barrel, as it has cleared a resistance at $51.55.The resistance

Published 07 Oct, 2015 08:31am

Energy

Oil prices sustain rally

SINGAPORE: Buoyant oil prices sustained a rally in Asia Wednesday driven by hopes the crude supply glut would ease and e

Published 07 Oct, 2015 07:57am

Energy

Exxon sells 2016 Upper Zakum crude at higher premium from yr ago

SINGAPORE: ExxonMobil has sold 2016 supplies of Upper Zakum crude to at least one buyer via a tender at a slightly highe

Published 05 Oct, 2015 12:17pm

Energy

Oil prices retreat in Asian trade

SINGAPORE: Oil prices retreated in Asia Wednesday as traders focus on US crude stockpile report, a day after growing con

Published 30 Sep, 2015 05:34am

Energy

Oil prices fall on slowing global economic growth outlook

SINGAPORE: Oil prices dropped on Monday despite a fall in U.S. drilling activity for the fourth straight week, with anal

Published 28 Sep, 2015 08:39am

Energy

Brent oil targets $59.96 in three months

SINGAPORE: Brent oil may break a resistance at $53.20 per barrel, and rise more towards the next resistance at $59.96 ov

Published 23 Sep, 2015 08:47am

Energy

Oil prices mixed in Asia after Fed holds interest rates

SINGAPORE: Oil prices were mixed in cautious Asian trade Friday after the Federal Reserve kept its benchmark interest ra

Published 18 Sep, 2015 07:10am

Energy

Oil rally loses steam in Asia ahead of Fed decision

SINGAPORE: Oil prices eased in Asia Thursday, a day after surging on news of a sharp decline in US crude stockpiles, whi

Published 17 Sep, 2015 06:59am

Energy

Petronas drops Sept crude price factor to $3.30/bbl

SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for September at $3.30 per bar

Published 15 Sep, 2015 12:37pm

Energy

Oil prices mixed in Asia

SINGAPORE: Oil was mixed in Asia onTuesday as prices remain hobbled by weak demand and excess supplies.US benchmark West

Published 15 Sep, 2015 05:16am

Energy

Oil prices down ahead of US energy report

SINGAPORE: Oil prices eased in Asia on Thursday as dealers focused on an upcoming US energy report for clues about produ

Published 10 Sep, 2015 08:15am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher in quiet Asian trade Wednesday as dealers set aside weak Chinese trade data and looke

Published 09 Sep, 2015 05:07am

Energy

Oil prices mixed after weak Chinese trade data

SINGAPORE: Oil prices were mixed in Asia Tuesday after the latest Chinese trade data showed lacklustre demand in the wor

Published 08 Sep, 2015 05:12am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday as dealers await the US Federal Reserve's decision on whether to r

Published 07 Sep, 2015 07:27am

Energy

Oil dips in Asia after mixed US report

SINGAPORE: Oil prices fell in Asia Thursday followed a mixed US petroleum report that showed an increase in reserves but

Published 03 Sep, 2015 05:46am

Energy

Oil prices extend losses in Asian trade

SINGAPORE: Oil prices extended losses in Asia Wednesday as dealers digested weak US and Chinese manufacturing data, whil

Published 02 Sep, 2015 05:41am

Energy

Oil prices tumble in Asia on Chinese data

SINGAPORE: Oil prices tumbled in Asia Tuesday, surrendering some of their big gains after fresh data showed manufacturin

Published 01 Sep, 2015 05:54am

Energy

Middle East Crude: Dubai hits record volume; DME Oman slumps

SINGAPORE: The number of cargoes traded during a pricing process for Middle East crude exports to Asia hit an all-time h

Published 31 Aug, 2015 11:57am

Energy

Middle East Crude: Chinaoil, Mercuria bag 6 more Oman cargoes

SINGAPORE: Cash trade in the Middle East crude market accelerated on Friday as sellers sold more cargoes to Chinaoil and

Published 28 Aug, 2015 11:44am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil rose in Asia Thursday as dealers digested a mixed US energy report showing a dip in crude inventories, bu

Published 27 Aug, 2015 05:46am

Energy

Oil rebounds after sharp losses, but China worries weigh

SINGAPORE: Crude oil markets recovered more than a percent on Tuesday after a sharp drop in the prior session, although

Published 25 Aug, 2015 05:37am

Energy

China's July Iran crude oil imports up 3pc

BEIJING: China's July crude oil imports from Iran rose 3.0 percent from a year earlier to 2.44 million tonnes, or 57

Published 21 Aug, 2015 07:36am

Energy

China July coal imports from Australia inch up on year

BEIJING: China's imports of thermal coal from its biggest supplier Australia hit 8.17 million tonnes in July, up 0.6

Published 21 Aug, 2015 07:30am

Energy

Oil heads for eighth straight week of falls

SINGAPORE: Oil headed for its eighth straight weekly decline in Asia Friday, as sharp falls in equities added to worries

Published 21 Aug, 2015 04:47am

Energy

Asia-Pacific Crude-Sokol supported by Chinese demand

SINGAPORE: The Asia-Pacific crude market remained under pressure from ample supply, although slightly higher refinery ma

Published 19 Aug, 2015 01:52pm

Energy

Oil prices fall ahead of US stocks data

SINGAPORE: Oil prices fell in Asia Wednesday, giving up meagre gains in the previous session as investors await a US inv

Published 19 Aug, 2015 04:42am

Energy

Brent oil's target at $47.71 remains intact

SINGAPORE: A bearish target at $47.71 per barrel remains unchanged for Brent oil, as indicated by a Fibonacci projection

Published 18 Aug, 2015 06:00am

Energy

Oil prices slide further in Asia

SINGAPORE: Oil prices slipped further in Asia Tuesday, weighed down by a strengthening dollar as concerns about weakenin

Published 18 Aug, 2015 05:28am

Energy

India's fuel demand rises 5.52pc in July y/y

NEW DELHI: India's fuel consumption rose an annual 5.52 percent in July, driven by higher gasoline sales which refle

Published 17 Aug, 2015 12:58pm

Energy

Oil prices slide to fresh lows in Asian trade

SINGAPORE: Oil prices extended losses in Asia on Wednesday as dealers worried about China's economy following its su

Published 12 Aug, 2015 04:29am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Tuesday as dealers focused on an upcoming US energy report for clues about production

Published 11 Aug, 2015 06:32am

Energy

Oil prices fall on oversupply fears

HONG KONG: Oil prices fell in Asian trade on Monday, extending weeks of losses after a US report stoked expectations of

Published 10 Aug, 2015 05:45am

Energy

Oil prices set to continue multi-week decline

HONG KONG: Oil prices looked set to continue a multi-week decline in Asian trade on Friday on concerns over a global ove

Published 07 Aug, 2015 05:19am

Energy

Oil prices up ahead of US stockpiles report

SINGAPORE: Oil prices rose in Asia Wednesday as dealers predicted the latest US crude stockpiles and production data wil

Published 05 Aug, 2015 06:41am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil prices rebounded in Asia Tuesday after falling steeply in the previous session owing to weak Chinese and

Published 04 Aug, 2015 07:41am

Energy

Middle East Crude: Record trade volume on Chinese giants' deals

SINGAPORE: Asia's crude market hit a record high daily trade volume on Monday as nearly 6 million barrels of Dubai p

Published 03 Aug, 2015 06:13pm

Energy

Oil prices down in Asia

SINGAPORE: Oil prices extended their decline in Asia Friday after the OPEC cartel indicated that current lofty output le

Published 31 Jul, 2015 09:46am

Energy

Japan's JX sees Aug crude refining up 2 pc

TOKYO: Japan's top oil refiner JX Nippon Oil & Energy Corp said on Monday it would refine 1.09 million barrels p

Published 27 Jul, 2015 08:30am

Energy

Oil prices rebound in Asia but crude oversupply weighs

SINGAPORE: Oil prices rose in Asia on Friday following recent losses but analysts said the rebound is unlikely to be sus

Published 24 Jul, 2015 01:07pm

Energy

China's Sinopec sets eyes on Europe with 2nd jet fuel shipment

SINGAPORE: China's Sinopec Corp is shipping its second ever jet fuel cargo to Europe, once considered a rare trade r

Published 24 Jul, 2015 01:06pm

Energy

Oil prices fall further on strong dollar, WTI below $50

SINGAPORE: Oil prices fell further in Asia Tuesday, with US crude falling below $50 a barrel as demand for the dollar-pr

Published 21 Jul, 2015 11:27am

Energy

Oil prices down in Asia on strong dollar, supply worries

SINGAPORE: Oil prices declined in Asia Monday on a stronger dollar and concerns a supply glut will worsen following a la

Published 20 Jul, 2015 07:37am

Energy

Oil prices edge up, but glut fears cap gains

HONG KONG: Oil prices edged up Friday but gains were tempered by ongoing concerns about a global supply glut and a pick-

Published 17 Jul, 2015 12:29pm

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Thursday after a sharp decline the day before as traders tried to get a handle o

Published 16 Jul, 2015 09:35am

Energy

Middle East Crude: Dubai, Oman weaken after Iran nuclear deal

SINGAPORE: Dubai and Oman weakened for a second session in the Middle East crude market on Tuesday after world powers an

Published 14 Jul, 2015 11:56am

Energy

Oil falls further in Asia with Iran deal close

SINGAPORE: Oil prices tumbled further in Asia Tuesday on signs of an imminent deal between Iran and Western powers that

Published 14 Jul, 2015 08:15am

Energy

Middle East Crude: Sept Upper Zakum sells at premium; Basra supply cut

SINGAPORE: Trade in September-loading Middle East crude cargoes kicked off with Upper Zakum trading at slightly higher p

Published 13 Jul, 2015 12:02pm

Energy

Oil prices down in Asia as Iran deal looms

SINGAPORE: Oil prices fell in Asia Monday as Iran and major western powers said they were closer than ever to a landmark

Published 13 Jul, 2015 07:15am

Energy

Oil up in Asian trade as China shares recover

SINGAPORE: Oil prices rose further in Asia Friday following recent sharp losses, lifted by a recovery in Chinese stocks

Published 10 Jul, 2015 06:21am

Energy

China's Sinopec Corp forecasts 11-fold profit jump in Q2

BEIJING: Sinopec Corp said on Wednesday that it expected an 11-fold jump in quarterly net profit, and has halted trading

Published 08 Jul, 2015 12:35pm

Energy

Asia Fuel Oil: Demand expected to improve after price drop

SINGAPORE: Asian fuel oil demand, especially in the shipping fuel bunker sector, could revive due to lower underlying pr

Published 08 Jul, 2015 11:46am

Energy

Oil rebounds in Asia

SINGAPORE: Oil rebounded in Asia Tuesday on bargain-hunting after prices plunged a day earlier as Greek defiance against

Published 07 Jul, 2015 08:52am

Energy

Oil tumbles in Asia as Greek vote shakes world markets

SINGAPORE: Oil fell in Asia Monday as investors digested the implications of Greece rejecting tough austerity demands fr

Published 06 Jul, 2015 06:31am

Energy

Oil prices ease ahead of Greece vote

SINGAPORE: Oil prices eased in Asia Friday ahead of a weekend bailout reform referendum in Greece that could determine i

Published 03 Jul, 2015 07:12am

Energy

Oil prices recover as Iran talks, Greek crisis drag on

SINGAPORE: Oil prices recovered Thursday after the Iran nuclear talks were extended until July 7, giving oversupplied ma

Published 02 Jul, 2015 06:21am

Energy

Oil prices down as Greece default looms

SINGAPORE: Oil prices extended losses in Asia Tuesday on expectations Greece will miss a key debt repayment later in the

Published 30 Jun, 2015 05:45am

Energy

Oil slides on Greek default fears

SINGAPORE: Oil prices fell in Asia Monday tracking the sell-off in global equity markets on fears of a Greek debt defaul

Published 29 Jun, 2015 06:24am

Energy

Oil prices mixed with focus on Greece

SINGAPORE: Oil prices were mixed in Asia Friday as dealers eyed the deadlocked Greek debt talks expected to come to a he

Published 26 Jun, 2015 12:39pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday following a bearish US energy report, while talks over crude producer

Published 25 Jun, 2015 06:13am

Energy

Hong Kong stocks end 0.26pc up, Shanghai extends rebound

HONG KONG: Equities in Hong Kong rose 0.26 percent Wednesday, a fourth straight gain, on hopes Greece will agree a debt

Published 24 Jun, 2015 08:20am

Energy

Oil prices rise further in Asia

SINGAPORE: Oil prices extended their gains in Asia Wednesday on expectations of a decline in US crude inventories and ro

Published 24 Jun, 2015 05:32am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices fell in Asia Tuesday, with the possible return of Iranian crude to the global market stoking furth

Published 23 Jun, 2015 05:30am

Energy

Japan JOGMEC buys 44,000 tonnes LPG for national reserves

TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) on Monday bought liquefied petroleum gas (LPG) via a t

Published 22 Jun, 2015 06:44am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Wednesday as dealers awaited the latest US energy report and a Federal Reserve policy

Published 17 Jun, 2015 03:55am

Energy

Oil prices rise as Texas braces for tropical storm

SINGAPORE: Crude prices rose after a cautious start on Tuesday, boosted by warnings that a tropical storm was about to h

Published 16 Jun, 2015 06:05am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Monday as dealers fretted over a collapse in Greece's debt talks and a possible r

Published 15 Jun, 2015 06:41am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Friday on a stronger dollar as traders grow concerned about Greece's troubled deb

Published 12 Jun, 2015 06:35am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices moved lower in Asia Thursday following a mixed US energy report that showed a huge decline in crud

Published 11 Jun, 2015 06:08am

Energy

Gas Malaysia to raise gas price by 10.3pc from July 1

KUALA LUMPUR: Gas Malaysia Bhd , Malaysia's sole supplier of natural gas except to the power sector, said on Tuesday

Published 10 Jun, 2015 05:42am

Energy

Japan seeks 44,000 tonnes LPG for national reserves

TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) issued a tender on Monday to buy liquefied petroleum g

Published 08 Jun, 2015 06:33am

Energy

Oil prices rise ahead of OPEC output meeting

SINGAPORE: Oil prices rose in Asia Friday but gains were capped before a key meeting of the OPEC cartel, which is expect

Published 05 Jun, 2015 05:58am

Energy

Japan shares head for record rally, dollar extends gains

HONG KONG: Japanese shares rose for a 13th session Tuesday, equalling a record rally, thanks to the weak yen, while Gree

Published 02 Jun, 2015 05:54am

Energy

Thailand's EGAT says signs deal with Tepco on LNG import cooperation

BANGKOK: State-run Electricity Generating Authority of Thailand (EGAT) has signed a preliminary agreement with Tokyo Ele

Published 29 May, 2015 05:55am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher Friday following a mixed US petroleum report that showed a healthy decline in crude a

Published 29 May, 2015 04:53am

Energy

Middle East Crude-Cash Dubai, DME Oman flip to premiums

SINGAPORE: Cash Dubai strengthened in the Middle East crude market on Thursday, boosted by purchases from Shell and Unip

Published 28 May, 2015 12:18pm

Energy

Asia-Pacific Crude-Refinery demand weakens

SINGAPORE: Spot differentials in the Asia-Pacific crude market came under pressure from weakening refinery demand, trade

Published 28 May, 2015 12:17pm

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices rose in Asia Thursday on expectations that the latest US stockpiles report will show a further dip

Published 28 May, 2015 04:52am

Energy

Brent oil to fall to $62.31

SINGAPORE: Brent oil is expected to fall to $62.31, as it has cleared a support at $64.02 per barrel.The support was pro

Published 27 May, 2015 05:50am

Energy

Oil recovers from drop of over 2pc, US crude stocks in focus

SINGAPORE: Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expect

Published 27 May, 2015 05:42am

Energy

Oil prices steady but indications rally running out of steam

SINGAPORE: Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample suppl

Published 26 May, 2015 05:32am

Energy

China end-April commercial crude stocks up 0.5pc on month

BEIJING: China's commercial crude oil stocks at the end of April rose 0.5 percent from March, while refined fuel sto

Published 26 May, 2015 04:57am

Energy

Tokyo stocks rise 0.72pc by break on upbeat Japan GDP

TOKYO: Tokyo stocks rose 0.72 percent Wednesday morning on a weaker yen and solid Japanese growth data, but auto parts g

Published 20 May, 2015 06:17am

Energy

Tokyo stocks up 0.51pc by break after Wall St record

TOKYO: Tokyo stocks rose 0.51 percent Friday morning, picking up a strong lead from Wall Street where the S&P 500 su

Published 15 May, 2015 05:06am

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil prices extended gains in Asia Wednesday on a weaker dollar and amid expectations the latest US crude-oil

Published 13 May, 2015 05:03am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday, coming under pressure following sharp losses in the previous session ow

Published 08 May, 2015 04:57am

Energy

Asia-Pacific Crude: Steady; July market could turn bearish

SINGAPORE: The Asia-Pacific crude market held steady on Thursday with most June-loading cargoes committed, but some trad

Published 07 May, 2015 12:47pm

Energy

Asia Distillates: Firm on supply cut from Japan, Australia

SINGAPORE: Asian gasoil and jet fuel price premiums firmed on Thursday on supply cuts from Japan and Australia due to re

Published 07 May, 2015 12:31pm

Energy

Oil prices at 2015 highs

SINGAPORE: Oil prices extended gains in Asia to trade at 2015 highs Wednesday as fresh tensions in oil producer Libya ra

Published 06 May, 2015 05:11am

Energy

Middle East Crude: Strengthens ahead of OSPs

SINGAPORE: DME Oman and cash Dubai strengthened in the Middle East crude market on Tuesday ahead of announcements of off

Published 05 May, 2015 01:28pm

Energy

Brent inches towards $67, despite weak China factory activity

SINGAPORE: Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced

Published 04 May, 2015 11:09am

Energy

Philippines offers 21 sites for geothermal, hydro projects

MANILA: The Philippines opened a tender process on Monday for 21 geothermal and hydro sites for exploration and developm

Published 04 May, 2015 10:24am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia on Monday as dealers eyed lacklustre manufacturing data from China, which raised conc

Published 04 May, 2015 06:16am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday after first quarter US economic growth fell short of forecasts but a w

Published 30 Apr, 2015 05:05am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asia Wednesday on expectations the latest US stockpiles report will show a further

Published 29 Apr, 2015 05:12am

Energy

Tokyo stocks up 0.50pc by break

TOKYO: Tokyo stocks rose 0.50 percent on Tuesday morning, led by a surge in factory robotics giant Fanuc, while investor

Published 28 Apr, 2015 05:12am

Energy

China oil executive probed for graft: govt

BEIJING: China is investigating a top executive at its largest oil refiner, the anti-corruption watchdog said Monday, as

Published 27 Apr, 2015 02:36pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Thursday as dealers focused on positive signs in a US supply report while tr

Published 23 Apr, 2015 06:31am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asia on Tuesday as dealers weighed China's fresh monetary stimulus against a supply g

Published 21 Apr, 2015 06:14am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asia Monday, fuelled by sustained unrest in the crude-rich Middle East, while also gaining

Published 20 Apr, 2015 07:04am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday, retaining support from a surprisingly upbeat US supply report a day e

Published 16 Apr, 2015 06:12am

Energy

Asia-Pacific Crude-Russian grades supported

SINGAPORE: Russian Pacific grades were supported in the Asia-Pacific crude market on Wednesday by strong refinery demand

Published 15 Apr, 2015 12:19pm

Energy

Middle East Crude-Al-Shaheen discounts narrow by more than $1

SINGAPORE: The Middle East crude market strengthened on Wednesday with Qatari al-Shaheen for June sold at much narrower

Published 15 Apr, 2015 12:08pm

Energy

Middle East Crude-Murban premium hits 19-month high

SINGAPORE: Spot premiums in the Middle East crude market rose, with Abu Dhabi's flagship Murban hitting a 19-month h

Published 14 Apr, 2015 12:29pm

Energy

Oil prices higher in Asian trade

SINGAPORE: Crude prices rose further in Asia on Tuesday on forecasts US shale oil production will decline and hopes the

Published 14 Apr, 2015 06:30am

Energy

Middle East Crude-Dubai holds firm with Chinaoil support

SINGAPORE: Cash Dubai stayed firm in the Middle East crude market on Monday, supported by Chinaoil's purchases.The b

Published 13 Apr, 2015 12:09pm

Energy

Oil prices edge up in Asian trade

SINGAPORE: Oil prices rose in Asia on Monday, extending last week's gains but the persistent global supply glut will

Published 13 Apr, 2015 08:06am

Energy

Oil prices edge up in Asian trade

SINGAPORE: Oil prices rose in Asia Monday, extending last week's gains but the persistent global supply glut will li

Published 13 Apr, 2015 06:37am

Energy

Brent nudges up to near $57, set for weekly gain

SINGAPORE: Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand out

Published 10 Apr, 2015 07:26am

Energy

Oil prices rebound in Asia trade

SINGAPORE: Oil prices rebounded in Asia Thursday on bargain-hunting after a surge in US crude stockpiles and record outp

Published 09 Apr, 2015 08:16am

Energy

Asia-Pacific Crude-Refining margins slip from multi-year highs

SINGAPORE: The Asia-Pacific crude market could come under pressure as refining margins begin to fall from multi-year hig

Published 08 Apr, 2015 01:02pm

Energy

Middle East Crude-Dubai unchanged despite robust Chinaoil demand

SINGAPORE: Cash Dubai remained at a discount of about $1 to Dubai swaps in the Middle East crude oil market on Wednesday

Published 08 Apr, 2015 12:41pm

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia on Wednesday on profit-taking after the previous day's sharp gains, with traders

Published 08 Apr, 2015 07:50am

Energy

Middle East Crude-Dubai weakens despite Chinaoil buys

SINGAPORE: Cash Dubai weakened in the Middle East crude market on Tuesday despite Chinaoil's purchases on the window

Published 07 Apr, 2015 01:45pm

Energy

Asia-Pacific Crude-Thailand's PTT buys regional grades

SINGAPORE: Thai demand supported the Asia-Pacific crude market after state-owned PTT bought regional grades in its month

Published 06 Apr, 2015 11:25am

Energy

Middle East Crude-Saudi raises prices to Asia for 2nd month

SINGAPORE: The Middle East crude market strengthened on Monday after Saudi Arabia raised the prices of all the grades it

Published 06 Apr, 2015 11:22am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia on Monday on news that a labour strike at a US refinery would end soon, temperin

Published 06 Apr, 2015 07:43am

Energy

Middle East Crude-Chinaoil buys 3 Upper Zakum in 2 days

SINGAPORE: Chinaoil continued its purchases in the Middle East crude market for a second day, a sign that it could embar

Published 02 Apr, 2015 11:57am

Energy

Asia-Pacific Crude-ESPO rebounds but oversupply persists

SINGAPORE: Spot premium for Russian ESPO Blend rebounded in the Asia-Pacific crude market on Thursday amid robust demand

Published 02 Apr, 2015 11:48am

Energy

Oil retreats from large jump as focus returns to Iran talks

SINGAPORE: Oil futures fell on Thursday, retreating from big gains in the previous session, as the prospect that any dea

Published 02 Apr, 2015 11:40am

Energy

Oil prices down in thin Asian trade

SINGAPORE: Oil prices fell in thin pre-holiday trade in Asia on Thursday after a mixed US stockpiles report, while talks

Published 02 Apr, 2015 08:48am

Energy

Asia-Pacific Crude-ESPO weakens amid ample supply

SINGAPORE: Spot differentials for Russia's ESPO Blend weakened in the Asia-Pacific crude market amid increasing supp

Published 01 Apr, 2015 12:48pm

Energy

Middle East Crude-PetroChina purchases underpin Dubai

SINGAPORE: Strong demand from PetroChina supported the cash Dubai price in the Middle East crude market on Wednesday.Pet

Published 01 Apr, 2015 12:42pm

Energy

Oil prices fall in Asian trade

SINGAPORE: Oil prices fell in Asia on Wednesday after Russia and Iran's foreign ministers claimed a breakthrough in

Published 01 Apr, 2015 05:23am

Energy

Middle East Crude-Dubai up on Shell's purchases

SINGAPORE: Dubai cash prices in the Middle East crude market ended March on a strong note on Tuesday after Shell resumed

Published 31 Mar, 2015 03:31pm

Energy

Oil extends losses as deadline for Iran nuclear deal looms

SINGAPORE: Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to re

Published 31 Mar, 2015 12:53pm

Energy

Asia-Pacific Crude-Arbitrage inflows may weigh

SINGAPORE: Most May loading cargoes were committed in the Asia-Pacific crude market, although differentials could come u

Published 31 Mar, 2015 12:37pm

Energy

India lowers April-Sept gas prices by 8pc: govt

NEW DELHI: Locally produced gas in India will cost 8 percent less during April-September, the government said in a state

Published 31 Mar, 2015 12:12pm

Energy

Oil prices edge lower as Iran nuclear deadline approaches

SINGAPORE: Oil prices fell in Asia on Tuesday as dealers monitored last-ditch efforts between global powers and Iran to

Published 31 Mar, 2015 07:16am

Energy

Middle East Crude-Iraq loading delays support

SINGAPORE: The Middle East crude market strengthened after poor weather delayed loadings at Iraq's southern terminal

Published 30 Mar, 2015 11:44am

Energy

Asia-Pacific Crude-Refinery demand supports

SINGAPORE: The Asia-Pacific crude market continued to draw support from robust refinery demand even as some prepare for

Published 30 Mar, 2015 11:43am

Energy

Oil prices drop on weak demand, potential Iran deal

SINGAPORE: Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that cou

Published 30 Mar, 2015 11:28am

Energy

Oil prices fall as Iran, world powers seek nuclear deal

SINGAPORE: Brent crude oil prices fell below $56 a barrel on Monday, extending steep losses from the previous session, a

Published 30 Mar, 2015 11:08am

Energy

Oil prices dip as Iran, world powers seek nuclear deal

SINGAPORE: Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran

Published 30 Mar, 2015 11:07am

Energy

CNOOC 2014 profit rises despite 'blow' from oil price slump

HONG KONG: Chinese state-owned energy giant CNOOC on Friday said profit climbed over six percent last year as it started

Published 27 Mar, 2015 07:48pm

Energy

Oil prices in Asia slip after recent gains

SINGAPORE: Oil prices fell in Asia Friday, cutting short a rally as investors weighed the potential for disruptions in M

Published 27 Mar, 2015 04:49am

Energy

Asia-Pacific Crude-Premiums for Vietnam grades rise

SINGAPORE: Spot premiums for Vietnamese grades rose in the Asia-Pacific crude market on tighter supply as several cargoe

Published 26 Mar, 2015 12:44pm

Energy

Middle East Crude-DME Oman firms slightly on Yemen crisis

SINGAPORE: DME Oman firmed slightly in the Middle East crude market on Thursday after global prices surged on growing co

Published 26 Mar, 2015 12:24pm

Energy

Oil extends rise in Asia on Yemen crisis

SINGAPORE: Oil prices jumped in Asia on Thursday after Saudi Arabian jets struck rebel targets in Yemen, with fears gro

Published 26 Mar, 2015 06:48am

Energy

India's power plant operators surge; govt plans to boost LNG imports

MUMBAI: Shares of India companies owning gas-operated power plants rose after the government said it will boost imports

Published 26 Mar, 2015 05:44am

Energy

Oil prices mixed in Asia before US stockpiles data

SINGAPORE: Oil prices were mixed in Asia Wednesday ahead of the release of US stockpiles data, a closely watched baromet

Published 25 Mar, 2015 12:55pm

Energy

China's crude storage nearly full, says Sinopec exec

BEIJING: China's commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday,

Published 25 Mar, 2015 12:24pm

Energy

Asia-Pacific Crude-Firm on lower spot supply

SINGAPORE: The Asia-Pacific crude market held firm as most of the cargoes loading in May have been diverted to domestic

Published 25 Mar, 2015 12:17pm

Energy

Middle East Crude-ESPO premiums hold steady; condensate under pressure

SINGAPORE: The Middle East crude market held steady on Wednesday as the focus for May trade has shifted to Iraqi Basra a

Published 25 Mar, 2015 12:11pm

Energy

Oil prices dip as US stock-build drags, China strategic reserves fill

SINGAPORE: Crude oil futures fell on Wednesday, pressured by ballooning U.S. storage volumes and more evidence that Chin

Published 25 Mar, 2015 11:16am

Energy

Oil prices dip China's strategic reserves fill, US stocks balloon

SINGAPORE: Crude oil futures fell on Wednesday as more evidence emerged that China's strategic reserves could nearly

Published 25 Mar, 2015 11:14am

Energy

Oil prices dip as US inventory build drags

SINGAPORE: Crude futures dipped on Wednesday as ballooning U.S. storage volumes pressured prices, a trend some analysts

Published 25 Mar, 2015 11:03am

Energy

Oil prices steady, but inventory build drags

SINGAPORE: Crude futures were steady on Wednesday, but ballooning volumes in storage around the world were expected to p

Published 25 Mar, 2015 10:56am

Energy

Middle East Crude-Medium sours weaken

SINGAPORE: Medium sour grades in the Middle East crude market weakened on Tuesday with Banoco Arab Medium and DME Oman i

Published 24 Mar, 2015 01:25pm

Energy

Asia-Pacific Crude-Weaker Brent support premiums

SINGAPORE: Asia-Pacific crude market held firm on Wednesday, supported by firm refining margins and a weaker Brent bench

Published 24 Mar, 2015 01:19pm

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China,

Published 24 Mar, 2015 12:17pm

Energy

Oil drops as Saudi output nears record, China demand worries drag

SINGAPORE: Oil prices dropped on Tuesday after activity in China's factory sector fell to an 11-month low and as Sau

Published 24 Mar, 2015 11:06am

Energy

Oil prices drop as China factory activity falls to 11-month low

SINGAPORE: Oil prices edged lower in early Asian trade on Tuesday after activity in China's factory sector fell to a

Published 24 Mar, 2015 11:02am

Energy

China's Iran crude oil imports down 3.7pc on year in Feb: customs

BEIJING: China's crude imports from Iran fell 3.7 percent in February from a year ago, in line with expectations for

Published 23 Mar, 2015 12:46pm

Energy

Oil drops as Saudi says will not cut output alone, weak China import hurts

SINGAPORE: Oil prices dropped more than 1.5 percent on Monday as China's imports weakened, while comments from top e

Published 23 Mar, 2015 12:36pm

Energy

Asia-Pacific Crude-Stronger; Petronas sells Labuan

SINGAPORE: The Asia-Pacific crude market remained supported by high refining margins and Brent's narrowing spread to

Published 23 Mar, 2015 12:22pm

Energy

Middle East Crude-DME Oman weakens against Dubai

SINGAPORE: DME Oman's discount to Dubai widened in the Middle East crude market on Monday, as the focus turned to tr

Published 23 Mar, 2015 12:18pm

Energy

Oil prices down in Asia

SINGAPORE: Oil prices fell in Asian trade Monday after Saudi Arabia said it was pumping more oil, exacerbating a global

Published 23 Mar, 2015 07:17am

Energy

Indonesia's Pertamina seeks gasoline, diesel for April-May

SINGAPORE: Indonesia's state-owned Pertamina is seeking up to 9,600 kilolitres, or more than 60,000 barrels, of dies

Published 20 Mar, 2015 08:00am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Friday, with analysts warning of further downward pressure owing to a global

Published 20 Mar, 2015 05:14am

Energy

Asia-Pacific Crude-Mixed; condensate stronger

SINGAPORE: The Asia-Pacific crude market was mixed on Thursday, weighed by lower Chinese appetite while strong naphtha c

Published 19 Mar, 2015 12:25pm

Energy

Middle East Crude-Basra demand to rise on India's strategic storage

SINGAPORE: Iraqi Basra Light received a boost in the Middle East crude market on Thursday as India geared up to buy 8 mi

Published 19 Mar, 2015 12:17pm

Energy

Oil prices resume downtrend in Asia

SINGAPORE: Another surge in US stockpiles pushed oil prices lower again on Thursday, giving up some of the big gains in

Published 19 Mar, 2015 06:54am

Energy

Asia-Pacific Crude-Higher supply, slower Chinese demand may weigh

SINGAPORE: The Asia-Pacific crude market remained supported on Wednesday by robust refining margins, although increasing

Published 18 Mar, 2015 12:42pm

Energy

Middle East Crude-Das premium up on Shell's bid

SINGAPORE: DME Oman's discount to Dubai widened in the Middle East crude market on Wednesday as trade for May-loadin

Published 18 Mar, 2015 12:40pm

Energy

Indonesia awards oil blocks to Shell, Petronas, Pertamina

JAKARTA: Indonesia's state-owned Pertamina, Royal Dutch Shell, and Malaysia's Petronas were among the companies

Published 18 Mar, 2015 06:29am

Energy

Oil prices extend losses in Asia

SINGAPORE: Oil prices extended their losses in Asia Wednesday to new six-year lows on expectations US crude stockpiles w

Published 18 Mar, 2015 06:23am

Energy

Oil prices extend losses in Asia

SINGAPORE: Oil prices extended their losses in Asia on Wednesday to stay at six-year lows on expectations US crude stock

Published 18 Mar, 2015 05:33am

Energy

Asia-Pacific Crude-Steady; PV Oil sells Chim Sao

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday although Brent's narrowing gap to Dubai crude may su

Published 17 Mar, 2015 12:41pm

Energy

Middle East Crude-Demand firm as refining margins support

SINGAPORE: The Middle East crude market held firm on Tuesday as more May-loading cargoes traded at premiums with good re

Published 17 Mar, 2015 12:12pm

Energy

Brent comes off 6 week low to rise above $54, but glut worries drag

SINGAPORE: Brent crude rose above $54 a barrel in choppy trade on Tuesday, recovering some of the previous session's

Published 17 Mar, 2015 08:06am

Energy

Oil prices mixed in Asia, US crude near six-year lows

SINGAPORE: US crude fell to near six-year lows in Asia on Tuesday, extending losses in New York as worries about a globa

Published 17 Mar, 2015 07:24am

Energy

Asia-Pacific Crude-Steady; tender results eyed

SINGAPORE: The Asia-Pacific crude market held steady on Monday as traders awaited results of several tenders to gauge ma

Published 16 Mar, 2015 01:00pm

Energy

Middle East Crude-Al-Shaheen discounts narrow on firm demand

SINGAPORE: The Middle East crude market remained supported on Monday, with al-Shaheen traded at narrower discounts, refl

Published 16 Mar, 2015 12:38pm

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Monday during more volatile trading as dealers fret over bulging global supplies and

Published 16 Mar, 2015 07:53am

Energy

Japan's JX, GDF Suez find new oil in UK North Sea

TOKYO: JX Nippon Oil and Gas Exploration Corp said on Friday it had discovered new oil in the UK Central North Sea."The

Published 13 Mar, 2015 07:48am

Energy

India's HPCL aims to restart fire-hit gasoline unit by Sat

NEW DELHI: India's Hindustan Petroleum Corp aims to restart a catalytic reformer (CCR) gasoline-making unit by Satur

Published 13 Mar, 2015 06:53am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices climbed in Asia Friday as news of a deal to end a strike at US refineries helped reverse losses th

Published 13 Mar, 2015 06:38am

Energy

Chinese, US power firms top inefficient coal plants list

OSLO: Chinese and US firms generate the most electricity from inefficient coal-fired power plants that pump out more gre

Published 13 Mar, 2015 05:15am

Energy

Brent holds above $57 on bargain hunting, weaker dollar

SINGAPORE: Brent crude steadied above $57 a barrel on Friday on bargain hunting by investors, but gains were capped by a

Published 13 Mar, 2015 04:46am

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices inched higher in Asia Thursday but gains were capped as dealers fretted over an over-supplied glob

Published 12 Mar, 2015 12:50pm

Energy

Middle East Crude: Shell's purchases support Dubai

SINGAPORE: The Middle East crude market stayed firm on Tuesday, supported by Shell's purchases on the window.The oil

Published 10 Mar, 2015 02:25pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Tuesday as dealers weighed a strengthening US dollar with ongoing geopolitical

Published 10 Mar, 2015 06:25am

Energy

Japan Feb LNG spot price falls a quarter to $7.60/mmBtu

TOKYO: Liquefied natural gas (LNG) spot prices for buyers in Japan fell for the fourth straight month in February, dropp

Published 10 Mar, 2015 05:42am

Energy

Premiums slip, Vietnam demand caps falls

SINGAPORE: Asian gasoil premiums slipped on Friday, though falls were capped by spot demand from Vietnam, industry sourc

Published 06 Mar, 2015 11:52am

Energy

Malaysia's Petronas begins $17bn bond and sukuk drive

KUALA LUMPUR: Malaysian energy company Petronas began roadshows on Thursday to raise up to $17 billion from conventional

Published 05 Mar, 2015 02:32pm

Energy

cst premium rebounds on demand despite higher stocks

SINGAPORE: The 380-cst cash premium rebounded on Thursday, stemming a two-session fall on demand during cash trading des

Published 05 Mar, 2015 12:49pm

Energy

Margins slip on new supplies from Middle East

SINGAPORE: Asian gas oil and jet fuel margins slipped on Thursday on new supplies out of the Middle East, though falls w

Published 05 Mar, 2015 11:07am

Energy

Oil up in Asia trade despite US inventories rise

SINGAPORE: Oil prices climbed in Asian trade on Thursday as signs that a refineries strike in the United States is weake

Published 05 Mar, 2015 06:56am

Energy

Asian LNG spot price to average $6.25/mmBtu in Q3, $7/mmBtu in 2016

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) are forecast by Goldman Sachs to average $6.25 per million

Published 05 Mar, 2015 06:39am

Energy

Brent sticks above $60; Iran news offsets bearish US stockpiles data

SINGAPORE: Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish US i

Published 05 Mar, 2015 06:04am

Energy

Middle East Crude: Saudi OSP within expectations; ESPO weaker

SINGAPORE: The Middle East crude market held steady on Wednesday as official selling price (OSP) announced by major prod

Published 04 Mar, 2015 02:40pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Wednesday ahead of the release of a key US supply report and as dealers eyed es

Published 04 Mar, 2015 12:05pm

Energy

Kazakhstan's Karachaganak oilfield hits record output in 2014

ALMATY: Output of liquid hydrocarbons from Kazakhstan's Karachaganak oil and gas condensate field rose 4.8 percent t

Published 04 Mar, 2015 11:34am

Energy

Indonesia expects gas demand to more than double over next 5 years

JAKARTA: Indonesia will need an additional 3,100 million standard cubic feet per day (mmscfd) of gas supplies within fiv

Published 04 Mar, 2015 09:50am

Energy

South Korea's commercial oil storage facility fully leased

SEOUL: South Korea's energy ministry said on Tuesday the country's 8.2 million barrels of commercial oil storage

Published 03 Mar, 2015 12:51pm

Energy

Brent crude up $1 to over $60.50 as global markets firm

SINGAPORE: Brent crude oil prices raised more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian m

Published 03 Mar, 2015 10:10am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asia Tuesday but gains were capped as dealers sat on the sidelines eyeing negotiations aim

Published 03 Mar, 2015 06:19am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asia on Tuesday but gains were capped as dealers sat on the sidelines eyeing negotiations

Published 03 Mar, 2015 04:40am

Energy

China's deep-sea oil rig drilling off Myanmar

BEIJING: China's flagship deep-sea oil rig Haiyang Shiyou No.981 is drilling offshore Myanmar in the Andaman Sea, ta

Published 02 Mar, 2015 12:13pm

Energy

Pacific Crude-Refinery appetite wanes; Ruby slightly stronger

SINGAPORE: The Asia-Pacific crude market came under pressure on Monday from waning refinery appetite after Taiwan's

Published 02 Mar, 2015 09:52am

Energy

Brent spread to widen to negative $16.98 in three months

SINGAPORE: The spread between US oil first month and Brent oil first month may widen to negative $16.98 per barrel over

Published 02 Mar, 2015 09:27am

Energy

Brent oil may hover below resistance at $63.40

SINGAPORE: Brent oil faces a resistance at $63.40 per barrel and may continue to hover below this level or retrace towar

Published 02 Mar, 2015 09:09am

Energy

Oil falls 1pc on weak China outlook, higher Libya production

SINGAPORE: Oil fell about 1 percent on Monday after posting its first monthly rise since June, pressured by continued we

Published 02 Mar, 2015 07:43am

Energy

Oil prices stabilise in Asian trade

SINGAPORE: Oil prices stabilised in Asia Monday following sharp gains in the previous session as dealers predicted the e

Published 02 Mar, 2015 04:35am

Energy

China to cut city-gate non-residential natural gas prices

BEIJING: China will cut city-gate non-residential natural gas prices by 440 yuan per thousand cubic meters, starting fro

Published 28 Feb, 2015 07:22am

Energy

China merges two-tier gas pricing, introduces more market elements

BEIJING: China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil m

Published 28 Feb, 2015 07:14am

Energy

Malaysia's Petronas swings to $2.02 billion loss in Q4

KUALA LUMPUR: Malaysian state energy firm Petronas said Friday it posted a net loss of 7.3 billion ringgit ($2.02 billio

Published 27 Feb, 2015 12:52pm

Energy

Pacific Crude-Stronger; import tenders eyed

SINGAPORE: The Asia-Pacific crude market found continued support from robust refinery demand, with traders awaiting the

Published 27 Feb, 2015 11:06am

Energy

India says clean energy a $160bn opportunity over 5 years

NEW DELHI: India's renewable energy industry is likely to generate business opportunities worth $160 billion in the

Published 27 Feb, 2015 11:00am

Energy

Malaysia's Petronas posts $2bn quarterly loss amid global oil slump

KUALA LUMPUR: Petroliam Nasional Bhd, Malaysia's state oil company more commonly know as Petronas, reported a quarte

Published 27 Feb, 2015 10:25am

Energy

Vietnam's Feb crude oil output rises 8.7pc y/y

HANOI: Vietnam's crude oil production in February reached an estimated 1.3 million tonnes, or 340,000 barrels per da

Published 27 Feb, 2015 10:24am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil bounced back in Asia Friday on bargain-hunting after tumbling in the previous session over a further surg

Published 27 Feb, 2015 06:40am

Energy

Japan crude imports from Iran drop 16.7pc y/y in January

TOKYO: Japan's crude oil imports from Iran in January dropped 16.7 percent from a year earlier to 175,326 barrels pe

Published 27 Feb, 2015 06:19am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil bounced back in Asia Friday on bargain-hunting after tumbling in the previous session over a further surg

Published 27 Feb, 2015 05:10am

Energy

Vietnam January-February crude oil exports raise 37pc

HANOI: Vietnam's crude oil exports in the first two months of this year rose an estimated 37.2 percent from 2014 to

Published 26 Feb, 2015 11:16am

Energy

Japan's JX plans to lower March crude refining 6pc

TOKYO: Japan's top oil refiner JX Nippon Oil & Energy Corp said on Thursday it would refine 1.08 million barrels

Published 26 Feb, 2015 08:09am

Energy

Japan's JX to shut two CDUs from March for maintenance

TOKYO: Japan's top oil refiner, JX Nippon Oil & Energy Corp, said on Thursday it would conduct a scheduled maint

Published 26 Feb, 2015 07:57am

Energy

China energy giant Sinopec denies merger plans: report

SHANGHAI: Chinese oil giant Sinopec has denied reports the government plans to merge the firm with another domestic ener

Published 26 Feb, 2015 07:42am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Thursday but losses were curtailed as dealers focused on positive elements of a mixed

Published 26 Feb, 2015 06:34am

Energy

Oil prices mixed ahead of US supply report

SINGAPORE: Oil prices were mixed in Asia Wednesday ahead of a key report expected to show further build-up in US crude i

Published 25 Feb, 2015 06:12am

Energy

Oil prices up ahead of US supply report

SINGAPORE: Oil edged higher in Asia Wednesday ahead of a key report expected to show further build-up in US crude invent

Published 25 Feb, 2015 04:35am

Energy

Brent falls towards $58 as supply fears linger

SINGAPORE: Brent fell towards $58 a barrel on Tuesday, extending the 2-percent loss in the previous session, as oversupp

Published 24 Feb, 2015 06:36pm

Energy

South Korea expects to see effect of low oil prices over medium-term

SEOUL: South Korea's economy is expected to see definite effects from low global oil prices over the medium-term, it

Published 24 Feb, 2015 10:22am

Energy

Thailand to delay bidding for petroleum concessions indefinitely

BANGKOK: Thailand's military government will delay bidding for petroleum concessions indefinitely, pending an amendm

Published 24 Feb, 2015 07:30am

Energy

Thai Bangchak Petroleum to invest over $600mn in 2015-2016

BANGKOK: Bangchak Petroleum PCL will invest 20 billion baht ($610 million), mainly on exploration and production, in 201

Published 24 Feb, 2015 07:16am

Energy

Bangladesh helped by tight naphtha market in selling tender

DHAKA: Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Unipec at a premium of $0.39 per barrel t

Published 23 Feb, 2015 12:31pm

Energy

Brent oil targets $62.44

SINGAPORE: Brent oil may break a resistance at $60.82 per barrel and rise further to $62.44, driven by a wave C.This wav

Published 23 Feb, 2015 10:14am

Energy

US oil may break resistance at $52.12

SINGAPORE: US oil may break a resistance at $52.12 per barrel and approach a higher resistance at $53.38, as indicated b

Published 23 Feb, 2015 09:56am

Energy

Bangladesh naphtha draws highest bid since August

DHAKA: Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Unipec at a premium of $0.39 per barrel t

Published 23 Feb, 2015 08:39am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil rebounded in Asia Monday as speculators hunted for bargains following a sharp decline last week, but anal

Published 23 Feb, 2015 06:27am

Energy

Oil prices recover slightly in Asia

HONG KONG: Oil prices climbed Friday, recovering slightly from a sell-off caused by news that US stockpiles had reached

Published 20 Feb, 2015 11:45am

Energy

Japan's LNG, thermal coal imports hit records in Jan

TOKYO: Japan's imports of liquefied natural gas and thermal coal rose to records in January on an increased need for

Published 19 Feb, 2015 04:27am

Energy

Oil prices retreat ahead of stockpile report

HONG KONG: Oil prices fell Thursday ahead of the release of a closely watched report that is forecast to show a surge in

Published 19 Feb, 2015 04:17am

Energy

Middle East Crude: Trade slows before Lunar New Year

SINGAPORE: Trade in the Middle East crude market slowed on Wednesday as buyers and sellers wound down for the Lunar New

Published 18 Feb, 2015 01:04pm

Energy

Asia Distillates-Jet fuel firms on more Unipec buys

SINGAPORE: The Asian jet fuel cash premium continued to firm on Wednesday as Unipec continued its buying spree of the av

Published 18 Feb, 2015 10:17am

Energy

Oil prices fall in Asian trade

SINGAPORE: Oil prices fell in Asia Wednesday ahead of the release of a report on US crude inventories and as traders kep

Published 18 Feb, 2015 04:25am

Energy

Asia Gasoline/Gasoil: Egypt seeks up to 282,000 T for March delivery

SINGAPORE: The Egyptian General Petroleum Corp (EGPC) has issued tenders for a total of 282,000 tonnes of gasoline and g

Published 17 Feb, 2015 03:21pm

Energy

Oil prices inch higher in Asia

SINGAPORE: Oil prices edged up in Asia Tuesday following an upbeat outlook by key producer Kuwait, while investors are k

Published 17 Feb, 2015 06:22am

Energy

Asia Distillates: Gasoil east-west spread widens allowing for arbitrage

SINGAPORE: The Asia gasoil east-west spread widened on Monday, making it economically viable to ship cargoes from Asia a

Published 16 Feb, 2015 01:18pm

Energy

Asia Fuel Oil: Fuel oil supported by Korean spot demand

SINGAPORE: Asian cash premiums for fuel oil were supported by spot demand from South Korea on Monday, traders said, but

Published 16 Feb, 2015 01:13pm

Energy

Asia-Pacific Crude: High refining margins boost Sokol, supply may weigh

SINGAPORE: The Asia-Pacific crude market was supported by robust demand from refiners boosting purchases to benefit from

Published 16 Feb, 2015 01:03pm

Energy

Petronas sets February crude price factor at $4.80/bbl

SINGAPORE: Petronas has set the price factor for Malaysian Crude Oil (MCO) for February at $4.80 per barrel, down 50 cen

Published 16 Feb, 2015 12:57pm

Energy

Middle East Crude: Spot premiums supported

SINGAPORE: The Middle East crude market remained supported on Monday amid solid demand from Asian refiners and concerns

Published 16 Feb, 2015 12:57pm

Energy

China's solar power capacity raises 60pc to 28 GW in 2014

BEIJING: China raised its total grid-connected solar power capacity to 28.05 gigawatts (GW) in 2014, up 60 percent on th

Published 16 Feb, 2015 06:54am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices turned lower in Asia Monday, with analysts warning the market remains "fragile" after prices gave

Published 16 Feb, 2015 06:48am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Monday with traders optimistic over falling US production, although they remain

Published 16 Feb, 2015 05:20am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Friday, extending solid gains in the previous session in response to news that leadin

Published 13 Feb, 2015 07:00am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Friday, extending solid gains in the previous session in response to news that leadin

Published 13 Feb, 2015 05:27am

Energy

Brent holds near $55 after big fall on record US crude stocks

BEIJING: Brent hovered near $55 a barrel on Thursday after data showed U.S. crude stockpiles set a record for the fifth

Published 12 Feb, 2015 12:47pm

Energy

India slashes Iran oil imports in January

NEW DELHI: India slashed imports of Iranian oil in January as New Delhi scrambled to bring its purchases from the OPEC m

Published 12 Feb, 2015 12:27pm

Energy

Middle East Crude-Strong demand boosts spot premiums

SINGAPORE: Spot differentials in the Middle East crude market strengthened on Thursday as competitive prices and strong

Published 12 Feb, 2015 12:07pm

Energy

Asia-Pacific Crude-Stronger; Brent/Dubai gap lowest since 2010

SINGAPORE: The Asia-Pacific crude market strengthened on Thursday after Brent's premium to Dubai crude narrowed to i

Published 12 Feb, 2015 12:02pm

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in Asia Thursday but gains were capped owing to concerns about surging stockpiles in

Published 12 Feb, 2015 07:01am

Energy

Middle East Crude-DME Oman strengthens

SINGAPORE: Spot grades in the Middle East crude market were expected to trade at a premium when trading for April-loadin

Published 11 Feb, 2015 12:20pm

Energy

PetroVietnam Gas sees gross profit down 21pc in 2015

HANOI: PetroVietnam Gas, Vietnam's biggest listed firm, projected its gross profit this year will drop 21.2 percent

Published 11 Feb, 2015 08:05am

Energy

Oil prices rebound in Asia after heavy selloff

SINGAPORE: Oil prices rebounded in Asia on Wednesday following a sharp decline in the previous session, analysts said, a

Published 11 Feb, 2015 07:05am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Wednesday following a sharp decline in the previous session, analysts said, whil

Published 11 Feb, 2015 04:13am

Energy

Oil prices fall as IEA predicts weak rebound

SINGAPORE: Oil prices fell in Asia on Tuesday after the International Energy Agency (IEA) predicted that global oil pric

Published 10 Feb, 2015 01:04pm

Energy

Asia-Pacific Crude-Lower seasonal demand to weigh on differentials

SINGAPORE: Lower seasonal demand is expected to weigh on Asia-Pacific crude differentials when trading for April-loading

Published 10 Feb, 2015 12:16pm

Energy

Middle East Crude-Dubai strengthens, Iran lowers OSP

SINGAPORE: The Middle East crude market held steady on Tuesday before trading for April-loading cargoes takes off later

Published 10 Feb, 2015 12:13pm

Energy

China hikes retail fuel prices, first in 8 months

BEIJING: China will raise retail prices of gasoline by 290 yuan ($46) per tonne and of diesel by 280 yuan from Tuesday,

Published 09 Feb, 2015 12:16pm

Energy

Asia-Pacific Crude-Supported; PTT buys Northwest Shelf

SINGAPORE: Excess supply in the Asia-Pacific crude market was reduced after Thailand's PTT bought Australian condens

Published 09 Feb, 2015 12:10pm

Energy

Middle East Crude-Dubai weakens; Qatar limits condensate supply

SINGAPORE: Cash Dubai weakened in the Middle East crude market on Monday as selling by Chinaoil continued.Chinaoil sold

Published 09 Feb, 2015 12:03pm

Energy

Oil prices extend rise in Asian trade

SINGAPORE: Oil prices advanced further in Asia Monday as dealers cheered signs of a dip in North American crude producti

Published 09 Feb, 2015 06:32am

Energy

Oil prices extend rise in Asian trade

SINGAPORE: Oil prices advanced further in Asia Monday as dealers cheered signs of a dip in North American crude producti

Published 09 Feb, 2015 05:25am

Energy

Oil up over 4pc on Libya raid, China easing

NEW YORK: Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected bo

Published 06 Feb, 2015 07:32am

Energy

Oil extends rally, but swelling inventory drags

SINGAPORE: Crude oil prices rose as much as $1 on Friday, continuing a rebound from near six-year lows plumbed last week

Published 06 Feb, 2015 06:43am

Energy

Indonesia approves threefold rise in biodiesel subsidies

JAKARTA: The Indonesian government's proposal to ramp up biodiesel subsidies overcame its final parliamentary hurdle

Published 06 Feb, 2015 06:41am

Energy

Oil extends gains in Asian trade

SINGAPORE: Oil prices extended gains in Asia Friday as volatile trading continued unabated, with dealers divided on whet

Published 06 Feb, 2015 06:37am

Energy

Oil price rebound fizzles out in Asia

SINGAPORE: Oil turned lower in Asia Thursday as an early rally fizzled out after the euro was hit by fresh concerns over

Published 05 Feb, 2015 12:44pm

Energy

Oil extends decline after crashing on inventory concerns

SINGAPORE: Oil prices fell on Thursday, extending big losses logged in the previous session as record high inventories i

Published 05 Feb, 2015 11:16am

Energy

Asia-Pacific Crude-PTT tender results awaited

SINGAPORE: Asia-Pacific crude market held steady as traders awaited results of PTT's buy tender to gauge price direc

Published 05 Feb, 2015 11:03am

Energy

Middle East Crude-Shell purchases support; Saudi OSPs eyed

SINGAPORE: Cash Dubai and Oman in the Middle East crude market remained supported by Shell's purchases on the window

Published 05 Feb, 2015 11:02am

Energy

Indonesia moves closer to raising bio-diesel subsidies

JAKARTA: Plans by Indonesia's government to ramp up bio-diesel subsidies passed another important legislative hurdle

Published 05 Feb, 2015 07:43am

Energy

Asia-Pacific Crude-Steady; Brent-Dubai gap at 4-month low

SINGAPORE: The Asia-Pacific crude market held steady as trading firms were in the process of reselling March-loading car

Published 04 Feb, 2015 01:11pm

Energy

Oil slips after 4-day rally on demand concerns, high stocks

SINGAPORE: Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that

Published 04 Feb, 2015 01:10pm

Energy

Oil prices down in volatile Asian trade

SINGAPORE: Oil prices fell in Asia Wednesday following a three-day rally as dealers were divided on whether the commodit

Published 04 Feb, 2015 05:37am

Energy

Middle East Crude-DME Oman's discount to Dubai narrows

SINGAPORE: The Middle East crude market strengthened slightly on Tuesday as DME Oman's discount to Dubai narrowed.Ca

Published 03 Feb, 2015 01:20pm

Energy

Asia-Pacific Crude-Steady on healthy refining margins

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday, supported by strong refining margins and a contango tha

Published 03 Feb, 2015 01:16pm

Energy

China miners, power firms agree to cut 2015 contract coal price

BEIJING: China's coal firms have agreed to cut contract prices with power plant customers for the first quarter of 2

Published 03 Feb, 2015 10:10am

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil edged higher in Asia Tuesday, extending gains from the previous day after US firms cut drilling activity,

Published 03 Feb, 2015 08:02am

Energy

India's Videocon says consortium discovers new oil in Brazil block

MUMBAI: A consortium that includes India's Videocon Industries Ltd and Brazilian state-run oil company Petroleo Bras

Published 03 Feb, 2015 05:04am

Energy

Asia-Pacific Crude-China demand helps lift ESPO to 7-month high

SINGAPORE: Robust demand from China has helped push March premiums for Russian ESPO crude to the highest level in seven

Published 02 Feb, 2015 12:37pm

Energy

Middle East Crude-Basra demand up in India

SINGAPORE: Iraq's Basra Light received a boost in the Middle East crude market on Monday after an Indian refinery bo

Published 02 Feb, 2015 12:34pm

Energy

India's MRPL buys Iraqi Basra oil to replace Iran oil

NEW DELHI: India's Mangalore Refinery and Petrochemicals Ltd has made a rare purchase of Iraqi Basra Light crude via

Published 02 Feb, 2015 06:57am

Energy

Oil prices fall after last week's surge

SINGAPORE: Crude oil prices fell on Monday after US unions called a refinery strike and traders cashed in on strong pric

Published 02 Feb, 2015 06:16am

Energy

Unipec buys rare gasoil cargo from India

SINGAPORE: Unipec, the trading arm of China's Sinopec, bought a rare gasoil cargo from India's Mangalore Refiner

Published 30 Jan, 2015 07:43am

Energy

Oil prices slip as output remains high, producers slash costs

SINGAPORE: Oil prices dipped on Friday following slight gains in the previous session and analysts said the outlook rema

Published 30 Jan, 2015 07:27am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Crude prices were mixed in Asia Friday, after the US Senate approved a bill to build an oil pipeline from Can

Published 30 Jan, 2015 05:02am

Energy

Asia-Pacific Crude-Storage demand seen for Russia ESPO

SINGAPORE: More Russian ESPO crude to load in March was sold at higher premiums from the previous month in Asia as bette

Published 29 Jan, 2015 12:51pm

Energy

Asia-Pacific Crude-Storage demand seen for Russia ESPO

SINGAPORE: More Russian ESPO crude to load in March was sold at higher premiums from the previous month in Asia as bette

Published 29 Jan, 2015 12:51pm

Energy

Middle East Crude-Oman/Dubai spread widens to $3/bbl

SINGAPORE: The spread between cash Oman and Dubai widened to at least $3 a barrel in the Middle East crude market on Thu

Published 29 Jan, 2015 12:49pm

Energy

Oil prices rise, gains capped on supply glut concerns

SINGAPORE: Oil prices edged higher Thursday but gains were capped amid fresh worries about the global supply glut as US

Published 29 Jan, 2015 10:11am

Energy

Middle East Crude-Oman strengthens ahead of expiry

SINGAPORE: DME Oman strengthened in the Middle East crude market on Wednesday, flipping into a premium against Dubai swa

Published 28 Jan, 2015 12:10pm

Energy

South Korea's GS Caltex to shut crude and secondary units in May

SINGAPORE/SEOUL: GS Caltex Corp, South Korea's second largest refiner, is to shut a crude distillation unit (CDU) an

Published 28 Jan, 2015 10:39am

Energy

Indian Essar's Feb sale price flips into premium

SINGAPORE: India's Essar Oil naphtha sales price for February returned to premium levels after slumping into a disco

Published 28 Jan, 2015 10:27am

Energy

Japan seeks some 42,000 tonnes LPG for national reserves

TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) issued a tender on Wednesday to buy liquefied petroleu

Published 28 Jan, 2015 07:19am

Energy

Oil prices down ahead of Fed meet outcome, supply report

SINGAPORE: Oil prices fell in Asia Wednesday as dealers await the outcome of a US Federal Reserve meeting and the releas

Published 28 Jan, 2015 06:27am

Energy

Middle East Crude-March Basra Lt premium hits one-year high

SINGAPORE: Basra Light crude's premium for March hit the highest in just over a year on expectations of a cut in the

Published 27 Jan, 2015 01:00pm

Energy

China 2014 natural gas demand up 5.6pc at 178.6 bcm

BEIJING: China's apparent demand for natural gas grew by 5.6 percent last year to 178.6 billion cubic metres (bcm),

Published 27 Jan, 2015 12:38pm

Energy

Back-loaded benefits of oil price fall on the way

NEW YORK: Economies and investors, having suffered the pain of the tumble in energy prices, may soon start to see more o

Published 27 Jan, 2015 07:45am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil prices on Tuesday edged up slightly after nearing six-year lows but gains were capped owing to lingering

Published 27 Jan, 2015 04:58am

Energy

Middle East Crude-Oman-Dubai spread widens on trades

SINGAPORE: The spread between Oman and Dubai widened in the Middle East crude market on Monday after several trades were

Published 26 Jan, 2015 01:25pm

Energy

Oil surges after Saudi King's death

SINGAPORE: Oil prices surged Friday following the death of Saudi Arabia's King Abdullah, with investors watching to

Published 23 Jan, 2015 06:28am

Energy

Oil surges after Saudi King's death

SINGAPORE: Oil prices surged Friday following the death of Saudi Arabia's King Abdullah, with investors watching to

Published 23 Jan, 2015 04:28am

Energy

Middle East Crude-Das premium surges on Shell bids

SINGAPORE: The Middle East crude market rose on Thursday, buoyed by strong bids by Shell for Abu Dhabi's Das Blend.S

Published 22 Jan, 2015 12:54pm

Energy

Oil prices fall ahead of ECB meeting, US supply report

SINGAPORE: Oil prices edged lower in Asia Thursday as dealers await a much-anticipated European Central Bank (ECB) polic

Published 22 Jan, 2015 07:40am

Energy

Asia-Pacific Crude-Steady; Malaysian March exports unchanged m/m

SINGAPORE: The Asia-Pacific crude market held steady on Wednesday supported by robust demand, while Brent's narrowin

Published 21 Jan, 2015 01:04pm

Energy

Middle East Crude-Condensate premiums to rise on naphtha rebound

SINGAPORE: March premiums for condensate in the Middle East crude market are expected to rise from the previous month on

Published 21 Jan, 2015 01:02pm

Energy

Middle East Crude-DME Oman discount narrows sharply ahead of CPC tender

SINGAPORE: DME Oman received a boost in the Middle East crude market on Tuesday as its discount to Dubai swap narrowed a

Published 20 Jan, 2015 12:48pm

Energy

Asia-Pacific Crude-Stronger; Brent-Dubai gap narrows

SINGAPORE: The Asia-Pacific crude market strengthened on Tuesday, as robust middle distillate margins boosted demand in

Published 20 Jan, 2015 12:20pm

Energy

Bangladesh fuel oil imports to rise 15pc in 2015

DHAKA: Bangladesh's fuel oil imports are expected to grow 15 percent to 1.5 million tonnes in 2015, supported by inc

Published 20 Jan, 2015 11:49am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices tumbled further in Asia Tuesday, with weak global demand and an oversupply dictating the trend for

Published 20 Jan, 2015 06:46am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices tumbled further in Asia Tuesday, with weak global demand and an oversupply dictating the trend for

Published 20 Jan, 2015 04:32am

Energy

Brent crude steady around $50, but weak Chinese outlook weighs on market

SINGAPORE: Brent crude oil prices traded around $50 a barrel on Monday, with some support coming from falling U.S. outpu

Published 19 Jan, 2015 01:08pm

Energy

China to prioritise natural gas for home use, public transport

BEIJING: China will continue to prioritise natural gas supplies for residential users and public transport in 2015 as ra

Published 19 Jan, 2015 06:42am

Energy

Oil prices edge lower in Asian trade

SINGAPORE: Oil prices edged lower in Asia on Monday as a rally late last week fizzled out, owing to lingering concerns a

Published 19 Jan, 2015 06:23am

Energy

Oil prices edge lower in Asian trade

SINGAPORE: Oil prices edged lower in Asia Monday as a rally late last week fizzled out owing to lingering concerns about

Published 19 Jan, 2015 05:07am

Energy

India oil imports from Iran jump sharply in 2014

NEW DELHI: India imported 42 percent more Iranian oil last year over 2013 levels as its refiners increased purchases to

Published 16 Jan, 2015 01:41pm

Energy

Brent crude oil holds above $48, few analysts see quick recovery

SINGAPORE: Brent crude oil futures edged higher on Friday, holding above $48 a barrel as analysts said prices were well

Published 16 Jan, 2015 01:01pm

Energy

Oil prices rise as IEA says signs of market ‘tide will turn’

SINGAPORE: Brent crude oil futures rose above $49 a barrel on Friday as the IEA said the tide of recent price slumps may

Published 16 Jan, 2015 12:33pm

Energy

Asia-Pacific Crude-Sokol premium weakens as oversupply persists

SINGAPORE: Spot premiums for Russian Sokol crude weakened in the Asia-Pacific crude market on Friday, weighed by ample s

Published 16 Jan, 2015 12:29pm

Energy

Middle East Crude-Murban trades around parity despite OSP cut

SINGAPORE: March Murban crude differentials fell to parity from premiums in the previous month as supply continued to ov

Published 16 Jan, 2015 12:14pm

Energy

Azerbaijan's 2014 oil output down 2.8pc

BAKU: Crude oil and condensate production in Azerbaijan fell to 41.9 million tonnes last year from 43.1 million tonnes i

Published 16 Jan, 2015 12:05pm

Energy

Indonesia scraps land tax on oil and gas exploration

AKARTA: Indonesia has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourag

Published 16 Jan, 2015 06:33am

Energy

Oil prices edge up in Asian trade

SINGAPORE: Oil prices rebounded in Asia Friday after plunging in the previous session in reaction to news that the OPEC

Published 16 Jan, 2015 04:26am

Energy

Middle East Crude-Qatari oil slumps into wide discount

SINGAPORE: Qatari grades slumped into wide discounts in the Middle East crude market on Thursday, with al-Shaheen sold a

Published 15 Jan, 2015 12:52pm

Energy

Oil prices rally loses steam in Asian trade

SINGAPORE: Oil prices fell in Asia on Thursday after a bargain-buying rally the day before lost steam, with a pick-up in

Published 15 Jan, 2015 06:33am

Energy

LNG buyers should be wary of getting what they want

LAUNCESTON: Asian buyers of liquefied natural gas may come to view the plunge in oil prices as a case of be careful what

Published 15 Jan, 2015 05:23am

Energy

Oil prices rally loses steam in Asian trade

SINGAPORE: Oil prices fell in Asia on Thursday after a bargain-buying rally the day before lost steam, with a pick-up in

Published 15 Jan, 2015 05:11am

Energy

Middle East Crude: March al-Shaheen sells at wider discounts

SINGAPORE: The Middle East crude market came alive on Wednesday as trade for March-loading cargoes kicked off with al-Sh

Published 14 Jan, 2015 12:32pm

Energy

Asia Fuel Oil: Cracks jump to new 2-1/2 year high

SINGAPORE: Fuel oil cracks against Dubai crude rose for the second straight session to a new more than 2-1/2 year high o

Published 14 Jan, 2015 11:48am

Energy

Bangladesh aims to import only cleaner diesel from 2016

DHAKA: Bangladesh will lower the sulphur content of all its gasoil imports from January next year, in line with a global

Published 14 Jan, 2015 11:42am

Energy

Asia Distillates: Gasoil, jet fuel cracks slip on supplies

SINGAPORE: The Asian gasoil crack slipped 2.4 percent to $15.85 a barrel on Wednesday on the back of abundant supplies.T

Published 14 Jan, 2015 11:30am

Energy

Malaysia's Sona Petroleum scraps plans to buy stake in Salamander's Thai assets

KUALA LUMPUR: Malaysian special-purpose acquisition company, Sona Petroleum Bhd, said on Wednesday it had scrapped plans

Published 14 Jan, 2015 07:31am

Energy

Oil prices dip further in Asian trade

SINGAPORE: Oil prices on Tuesday slipped further toward six-year lows in Asia after major crude producers stressed they

Published 14 Jan, 2015 06:56am

Energy

Oil prices dip further in Asian trade

SINGAPORE: Oil prices on Tuesday slipped further toward six-year lows in Asia after major crude producers stressed they

Published 14 Jan, 2015 03:50am

Energy

Asia-Pacific Crude-Steady; Vietnam tenders eyed

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday with traders awaiting the results of a few tenders to ga

Published 13 Jan, 2015 01:21pm

Energy

Middle East Crude-Steady ahead of al-Shaheen tender

SINGAPORE: The Middle East crude market held steady on Tuesday before the close of a monthly Qatari al-Shaheen tender wh

Published 13 Jan, 2015 01:16pm

Energy

Asia Fuel Oil: Fuel oil crack up to more than 2-1/2 year high

SINGAPORE: Fuel oil cracks against Dubai crude rose to their highest in more than 2-1/2 years on Tuesday, as sellers hel

Published 13 Jan, 2015 10:01am

Energy

Oil prices plunge again as UAE defends holding production

SINGAPORE: Oil prices continued their rout on Tuesday with Brent crude and US WTI both falling to their lowest in almost

Published 13 Jan, 2015 08:13am

Energy

Petronas sets January crude price factor at $5.30/bbl

SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for January at $5.30 per barre

Published 13 Jan, 2015 08:07am

Energy

US oil to drop to $44.65

SINGAPORE: US oil is expected to drop to $44.65 per barrel, as it has broken a support at $46.71.The support was at the

Published 13 Jan, 2015 06:53am

Energy

Brent oil to fall to $45.88

SINGAPORE: Brent oil is expected to drop more to $45.88 per barrel, driven by a wave 5.This is the fifth wave of a power

Published 13 Jan, 2015 06:52am

Energy

Egypt seeks up to 285,000 T gasoil for Feb

SINGAPORE: Egyptian General Petroleum Corp (EGPC) is seeking up to 285,000 tonnes of gasoil for delivery in February, mo

Published 13 Jan, 2015 06:02am

Energy

China Dec crude imports top 7mn bpd to hit record

BEIJING: China imported a record 7.15 million barrels of crude oil a day (bpd) in December, customs data showed on Tuesd

Published 13 Jan, 2015 05:54am

Energy

Oil prices extend fall despite record China imports

SINGAPORE: Global oil prices continued the week's rout with benchmark Brent crude falling for a fourth consecutive s

Published 13 Jan, 2015 05:26am

Energy

Middle East Crude-Murban price cut lifts demand

SINGAPORE: ADNOC's price cut for flagship Murban has given the grade a boost in Asia as a cargo may have been sold t

Published 12 Jan, 2015 12:18pm

Energy

Asia-Pacific Crude-PTT buys regional grades in tender

SINGAPORE: Asia-Pacific crude prices held steady on Monday as Thailand bought regional grades in a tender, reducing surp

Published 12 Jan, 2015 11:57am

Energy

US oil to drop to $46.71

SINGAPORE: US oil is expected to drop to $46.71 per barrel as it has broken a support at $48.38.The support was at the 1

Published 12 Jan, 2015 05:58am

Energy

Brent oil to retest support at $48.89

SINGAPORE: Brent oil is expected to retest a support at $48.89 per barrel, a break below which will open the way towards

Published 12 Jan, 2015 05:54am

Energy

Oil falls further in Asian trade

SINGAPORE: Oil fell further in Asia Monday, with weak demand and a supply glut putting relentless pressure on prices alr

Published 12 Jan, 2015 05:45am

Energy

Oil prices extend falls; Goldman Sachs slashes price forecasts

SINGAPORE: Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while

Published 12 Jan, 2015 05:17am

Energy

China stocks tumble as pending IPOs lock up cash

SHANGHAI: China stocks tumbled in late morning trade on Monday as investors sold shares to raise funds for upcoming new

Published 12 Jan, 2015 05:10am

Energy

Oil falls further in Asian trade

SINGAPORE: Oil fell further in Asia Monday, with weak demand and a supply glut putting relentless pressure on prices alr

Published 12 Jan, 2015 04:33am

Energy

Asia-Pacific Crude-February cargoes still unsold

SINGAPORE: The Asia-Pacific crude market remained under pressure on Friday with some Malaysian cargoes for February-load

Published 09 Jan, 2015 12:12pm

Energy

Middle East Crude-Oman, Qatar Marine under pressure

SINGAPORE: Oman continued to weaken in the Middle East crude market on Friday, weighed down by a supply glut and poor de

Published 09 Jan, 2015 12:10pm

Energy

India sees fuel sale losses down on weak crude prices

NEW DELHI: India expects falling crude prices to cut its revenue losses on fuel sales to 770 billion rupees ($12 billion

Published 09 Jan, 2015 06:58am

Energy

Oil prices up in Asia

SINGAPORE: Oil prices rose in Asia Friday after recent heavy falls, but analysts said the upturn is not likely to be ver

Published 09 Jan, 2015 04:54am

Energy

SE Asia Stocks: Thai at two-week high; Malaysia snaps losses

BANGKOK: Thai shares hit a more than two-week high on Thursday as PTT rallied on positive earnings prospects after the g

Published 08 Jan, 2015 01:19pm

Energy

Brent bounces around $51 as traders fish for bottom

SINGAPORE: Brent bounced around $51 a barrel on Thursday as bulls and bears tugged at both ends in their search for a bo

Published 08 Jan, 2015 08:37am

Energy

Thailand sets LPG wholesale price at $488 a tonne from Feb 2

BANGKOK: Thailand's military-backed government has set the wholesale price of liquefied petroleum gas (LPG) at $488

Published 08 Jan, 2015 06:51am

Energy

Oil extends gains in Asia

SINGAPORE: Oil extended gains in Asia Thursday following a drop in US crude stockpiles that indicate stronger demand in

Published 08 Jan, 2015 05:28am

Energy

US oil to rebound to $50.04

SINGAPORE: US oil is expected to rebound further to $50.04 per barrel, as it has broken a resistance at $48.38.The resis

Published 08 Jan, 2015 05:22am

Energy

Brent oil may retest resistance at $51.73

SINGAPORE: Brent oil may retest a resistance at $51.73 per barrel, as it has not completed a rebound from the Jan. 7 low

Published 08 Jan, 2015 05:21am

Energy

China crude imports seen at record as it fills strategic reserves

BEIJING: Tumbling world oil prices sparked a buying spree by China that led to record crude imports in December, accordi

Published 08 Jan, 2015 05:07am

Energy

Oil halts 4-day drop, US stockpile data supports

SINGAPORE: Brent crude extended gains on Thursday to hold above $51 a barrel, after an unexpected fall in U.S. crude sto

Published 08 Jan, 2015 05:02am

Energy

Oil extends gains in Asia

SINGAPORE: Oil extended gains in Asia Thursday following a drop in US crude stockpiles indicating stronger demand in the

Published 08 Jan, 2015 04:31am

Energy

Asia-Pacific Crude-Arbitrage could weigh

SINGAPORE: The Asia-Pacific crude market could come under renewed pressure as more arbitrage cargoes are headed to the r

Published 07 Jan, 2015 12:13pm

Energy

Oil price to fall until major Asian manufacturers feel the benefit

SINGAPORE: Oil prices will continue to drop as high production meets weak demand and a strong U.S. dollar pressures crud

Published 07 Jan, 2015 12:05pm

Energy

Oil prices hit fresh lows, no end in sight to slump

SINGAPORE: Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest l

Published 07 Jan, 2015 07:58am

Energy

Thailand's 2015 energy demand seen up 2.9pc on year

BANGKOK: Thailand's energy demand is expected to rise 2.9 percent in 2015, in line with the country's economic g

Published 07 Jan, 2015 05:14am

Energy

Brent oil may fall more to $49.84

SINGAPORE: Brent oil may slide further to $49.84 per barrel, as indicated by its wave pattern and a Fibonacci projection

Published 07 Jan, 2015 05:06am

Energy

China's CNOOC makes deepwater gas field discovery in South China Sea

BEIJING: China National Offshore Oil Corp (CNOOC) has made a deepwater gas field discovery in the northern part of the S

Published 07 Jan, 2015 04:52am

Energy

Asia-Pacific Crude-Steady; BHP sells Pyrenees

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday, supported by robust refining margins and high costs of

Published 06 Jan, 2015 12:31pm

Energy

Middle East Crude-Saudi price hikes lift market

SINGAPORE: The Middle East crude market received a little boost from Saudi Arabia on Tuesday after the world's top e

Published 06 Jan, 2015 12:30pm

Energy

Oil hits fresh 5-1/2-year lows; Brent below $53

SINGAPORE: Oil extended losses on Tuesday to touch fresh 5-1/2-year lows, following a 5 percent plunge in the previous s

Published 06 Jan, 2015 07:34am

Energy

Asian shares tumble as oil, Greek woes dim mood

TOKYO: Asian shares tumbled on Tuesday as sliding oil prices and political uncertainty in Greece forced investors out of

Published 06 Jan, 2015 05:58am

Energy

US oil targets $48.38

SINGAPORE: US oil may break a support at $50.04 per barrel and fall further towards the next support at $48.38, as indic

Published 06 Jan, 2015 05:54am

Energy

Brent oil may fall more to $51.73

SINGAPORE: Brent oil may slide more to $51.73 per barrel, as indicated by its wave pattern, a Fibonacci projection analy

Published 06 Jan, 2015 05:51am

Energy

Oil prices edge up after 5pc plunge; Brent holds above $53

SINGAPORE: Oil edged up on Tuesday, recovering from a five percent plunge in the previous session that saw prices touch

Published 06 Jan, 2015 05:34am

Energy

Asia-Pacific Crude-Condensate mixed; NWS weakens

SINGAPORE: Spot differentials for Asia-Pacific condensate grades were mixed, while several crude cargoes remained unsold

Published 05 Jan, 2015 01:22pm

Energy

Middle East Crude-Dubai, Oman weaken amid supply glut

SINGAPORE: Dubai and Oman weakened in the Middle East crude market on Monday, as a supply glut pushed global prices down

Published 05 Jan, 2015 01:00pm

Energy

Asia-Pacific Crude: Condensate mixed; NWS weakens

SINGAPORE: Spot differentials for Asia-Pacific condensate grades were mixed, while several crude cargoes remained unsold

Published 05 Jan, 2015 09:31am

Energy

US oil to fall more to $51

SINGAPORE: US oil is expected to fall more to $51 per barrel, driven by a wave (5).This is the fifth wave of a five-wave

Published 05 Jan, 2015 07:10am

Energy

Brent oil to fall to $54.90

SINGAPORE: Brent oil may slide more to $54.90 per barrel, as pointed by the lower channel line of a falling channel.The

Published 05 Jan, 2015 07:09am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Monday as dealers await fresh leads from top crude consumer the United States, while

Published 05 Jan, 2015 04:48am

Energy

China's Three Gorges dam 'breaks world hydropower record'

BEIJING: China's Three Gorges dam has broken the world record for annual hydroelectric power production, more than a

Published 02 Jan, 2015 12:01pm

Energy

Oil prices up in thin New Year trading

SINGAPORE: Oil prices rose Friday in thin Asian trading during the first session of the New Year, as dealers welcomed a

Published 02 Jan, 2015 05:08am

Energy

Asia-Pacific Crude-Vietnam to lower 2015 output; ESPO weakens

SINGAPORE: The Asia-Pacific crude market remained under pressure on Wednesday with several February cargoes still unsold

Published 31 Dec, 2014 12:54pm

Energy

Middle East Crude-Weaker; ESPO premiums fall

SINGAPORE: Spot differentials for Russia's ESPO blend came under pressure in the Middle East crude oil market due to

Published 31 Dec, 2014 12:51pm

Energy

Brent falls towards $57 as demand concerns outweigh supply disruptions

SINGAPORE: Brent crude prices dropped towards $57 a barrel on Wednesday as weak Chinese manufacturing data and demand co

Published 31 Dec, 2014 12:41pm

Energy

Indonesia to scrap gasoline subsidy from Jan 1 and float prices

JAKARTA: Indonesia will ditch gasoline subsidies and link the retail prices to international oil markets from Jan. 1, th

Published 31 Dec, 2014 06:18am

Energy

Oil prices down in thin pre-holiday trade

SINGAPORE: Crude edged lower in thin pre-holiday trade Wednesday ahead of the release of a key US supply report, as anal

Published 31 Dec, 2014 05:38am

Energy

Asia-Pacific Crude-Firm demand supports; Bach Ho premium rises

SINGAPORE: Differentials for Vietnam's Bach Ho improved in the Asia-Pacific crude market as higher refining margins

Published 30 Dec, 2014 12:05pm

Energy

Middle East Crude-Chinaoil sells eighth Upper Zakum cargo to Shell

SINGAPORE: Cash Dubai came under renewed pressure in the Middle East crude market on Tuesday after sales by Chinaoil, th

Published 30 Dec, 2014 12:03pm

Energy

US oil may fall to $52.10

SINGAPORE: US oil is expected to break a support at $53.37 per barrel and fall more to $52.10, as indicated by its wave

Published 30 Dec, 2014 06:10am

Energy

Brent oil may drop to $54.98

SINGAPORE: Brent oil may break a support at $57.62 per barrel and fall more to $54.98, as it has resumed its downtrend.T

Published 30 Dec, 2014 06:08am

Energy

South Korea says to cut city gas rate by 5.9pc on average on Jan 1

SEOUL: South Korea's energy ministry said on Tuesday that it will lower retail prices of natural gas for household a

Published 30 Dec, 2014 05:56am

Energy

Vietnam index up 0.05pc, bargain hunting supports

HANOI: Vietnam's benchmark VN Index was almost flat at the break on Tuesday, edging up just 0.05 percent as bargain

Published 30 Dec, 2014 05:31am

Energy

Brent drops towards 5-year low near $57, supply glut weighs

SINGAPORE: Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-ye

Published 30 Dec, 2014 05:20am

Energy

Middle East Crude-DME Oman weakens in thin trade

SINGAPORE: DME Oman weakened against Dubai in the Middle East crude market on Monday as trade for February cargoes wound

Published 29 Dec, 2014 12:28pm

Energy

Asia-Pacific Crude-Weak demand pressures market; Bunga Orkid lower

SINGAPORE: The Asia-Pacific crude market came under pressure on Monday as refiners showed little appetite for February b

Published 29 Dec, 2014 12:18pm

Energy

Sinopec says shale gas development not affected by low oil prices

BEIJING: China's state-owned Sinopec Group, parent of Sinopec Corp, said on Monday that falling oil prices have no m

Published 29 Dec, 2014 08:31am

Energy

Oil prices rise on violence in Libya

SINGAPORE: Oil prices rose in Asia Monday as fresh violence in Libya stoked concerns about possible supply disruptions,

Published 29 Dec, 2014 08:21am

Energy

China shares end at highest level since 2010

SHANGHAI: China shares closed at their highest levels since 2010 on Monday, on strength in insurance and property firms,

Published 29 Dec, 2014 07:14am

Energy

Oil prices climb on Libya supply worries

SINGAPORE: Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked wo

Published 29 Dec, 2014 06:21am

Energy

US oil climbs above $55 a barrel on renewed Libyan tensions

SINGAPORE: US crude rose more than $1 in early Asian trade on Monday, reversing a fall in the previous session as escala

Published 29 Dec, 2014 05:21am

Energy

Tokyo stocks up 0.18pc by break

TOKYO: Tokyo stocks rose 0.18 percent Monday morning, supported by a weaker yen and following another record close on Wa

Published 29 Dec, 2014 04:16am

Energy

China to cut retail price of gasoline and diesel

BEIJING: China will cut retail prices for gasoline by 520 yuan ($84) per tonne and for diesel by 500 yuan ($81) per tonn

Published 26 Dec, 2014 10:16am

Energy

Oil prices rise following attacks on Libyan oil terminals

SINGAPORE: Oil prices rose in Asia Friday as dealers reacted to a surprise Islamist attack on Libya's main oil termi

Published 26 Dec, 2014 05:58am

Energy

Middle East Crude-Steady amid thin trade

SINGAPORE: The Middle East crude market held steady on Wednesday amid thin trade due to the holiday season.Shell bought

Published 24 Dec, 2014 12:36pm

Energy

Oil prices slip in Asian trade

SINGAPORE: Oil prices edged lower in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat se

Published 24 Dec, 2014 06:34am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat se

Published 24 Dec, 2014 05:14am

Energy

Oil prices slide after early gains on hopes of firm US data

SINGAPORE: Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in th

Published 23 Dec, 2014 12:51pm

Energy

Middle East Crude-Chinaoil sells seventh Upper Zakum cargo to Shell

SINGAPORE: Cash Dubai in the Middle East crude market remained under pressure from sales by Chinaoil, the trading arm of

Published 23 Dec, 2014 12:20pm

Energy

Asia-Pacific Crude-Floating storage seen more likely

SINGAPORE: The Asia-Pacific spot crude market was supported by limited arbitrage inflows and robust demand on Tuesday.Bu

Published 23 Dec, 2014 12:13pm

Energy

Oil prices rise on hopes for firm US economic data

SINGAPORE: Oil prices edged up in expectation of firm US economic data later on Tuesday, with trading thin due to a publ

Published 23 Dec, 2014 07:07am

Energy

Kollsnes outage seen cutting Norway gas output by 13 mcm/day on Tuesday

OSLO: Norway's gas output is seen down by 13 million cubic metres per day (mcm) on Tuesday as Kollsnes gas processin

Published 23 Dec, 2014 06:37am

Energy

Oil edges higher ahead of fresh US economic data

SINGAPORE: Oil prices nudged higher in Asia Tuesday on hopes of improved US economy figures, but analysts said gains wou

Published 23 Dec, 2014 06:19am

Energy

Oil prices rise on hopes for firm US economic data

SINGAPORE: Oil prices edged up in expectation of firm US economic data later on Tuesday, with trading thin due to a publ

Published 23 Dec, 2014 04:52am

Energy

Oil edges higher ahead of fresh US economic data

SINGAPORE: Oil prices nudged higher in Asia Tuesday on hopes of improved US economy figures, but analysts said gains wou

Published 23 Dec, 2014 04:24am

Energy

Middle East Crude-Saudi Arabia may claim bigger market share

SINGAPORE: The Middle East market remained supported by competitive official selling prices (OSPs) with most grades trad

Published 22 Dec, 2014 12:24pm

Energy

Asia-Pacific Crude-Steady; limited arbitrage supports

SINGAPORE: The Asia-Pacific crude market held steady on Monday amid little activity, although high freight rates continu

Published 22 Dec, 2014 12:14pm

Energy

Vietnam's Petrolimex cuts retail fuel prices by up to 11pc

HANOI: Vietnam's Petrolimex said on Monday it has lowered the retail prices of oil products such as petrol, diesel a

Published 22 Dec, 2014 09:01am

Energy

Brent crude climbs toward $63 amid stronger Asian markets

SINGAPORE: Brent crude futures rose more than 2 percent toward $63 a barrel on Monday as Asian markets firmed into a hol

Published 22 Dec, 2014 08:02am

Energy

Vietnam will license $22bn refinery in early 2015

HANOI: Vietnam will grant a licence for a $22 billion refinery and petrochemical complex by Thai top energy company PTT

Published 22 Dec, 2014 07:42am

Energy

Brent crude climbs above $62 amid stronger Asian markets

SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread

Published 22 Dec, 2014 07:10am

Energy

Brent crude climbs above $62 amid stronger Asian markets

SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread

Published 22 Dec, 2014 07:05am

Energy

China's Nov Iran crude oil imports down 2.6pc

BEIJING: China's November crude oil imports from Iran fell 2.6 percent from a year earlier to 2.13 million tonnes, o

Published 22 Dec, 2014 06:40am

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predictin

Published 22 Dec, 2014 06:26am

Energy

Sinopec says to raise winter gas supply 11pc

BEIJING: China's Sinopec Corp plans to increase its commercial natural gas supplies to domestic users from November

Published 22 Dec, 2014 06:16am

Energy

Sinopec says to raise winter gas supply 11pc y/y

BEIJING: China's Sinopec Corp plans to increase its commercial natural gas supplies to domestic users from November

Published 22 Dec, 2014 06:07am

Energy

Brent climbs above $62 as Asian markets open strong

SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread

Published 22 Dec, 2014 05:52am

Energy

CNPC, South Sudan in MoU to boost oil production

BEIJING: China National Petroleum Co, or CNPC, has entered into an agreement with South Sudan to boost production of exi

Published 22 Dec, 2014 05:50am

Energy

Asian shares take cue from Wall Street's rally

TOKYO: Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Mond

Published 22 Dec, 2014 04:58am

Energy

Brent crude oil prices rise over $62 as Asian markets open strong

SINGAPORE: Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and

Published 22 Dec, 2014 04:57am

Energy

US oil targets $36.74 in three months

SINGAPORE: US oil may test support at $50.30 per barrel over the next three months, with a good chance of breaking below

Published 22 Dec, 2014 04:55am

Energy

Sinopec says to raise winter gas supply 11pc y/y

BEIJING: China's Sinopec Corp said on Monday that it will raise total commercial gas supply from November through Ma

Published 22 Dec, 2014 04:53am

Energy

SE Asia Stocks: Up; energy shares rise with oil prices

BANGKOK: Southeast Asian stock markets rose on Monday, with indexes in Malaysia and Indonesia hitting their highest in m

Published 22 Dec, 2014 04:47am

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predictin

Published 22 Dec, 2014 04:36am

Energy

Kazakhstan sticks to 2014 oil output plan despite Tengiz fall

ASTANA/ALMATY: Kazakhstan still expects to produce 81.8 million tonnes (1.64 million barrels per day) of crude this year

Published 20 Dec, 2014 11:48am

Energy

Brent steady below $60, heads for 4th weekly decline as glut persists

SINGAPORE: Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed li

Published 19 Dec, 2014 03:55pm

Energy

Middle East Crude: Fuji sells Feb Oman at steady discount

SINGAPORE: The February differential for physical Oman remained at a wide discount after a Japanese refiner sold a cargo

Published 19 Dec, 2014 03:27pm

Energy

Indian shares gain for second day; IT stocks, Reliance lead

MUMBAI: Indian shares rose for a second consecutive day on Friday, led by gains in IT stocks after global rival Accentur

Published 19 Dec, 2014 03:19pm

Energy

Indonesia to set domestic fuel subsidy at fixed rate per litre

JAKARTA: Indonesia will set domestic fuel subsidy at a fixed rate per litre from Jan. 1, the chief economics minister sa

Published 19 Dec, 2014 02:45pm

Energy

Oil rebounds in volatile year-end trade

SINGAPORE: Oil prices edged up in Asia Friday after falling sharply in the previous session, as analysts predicted incre

Published 19 Dec, 2014 07:22am

Energy

Lower oil prices expected to boost Asian demand growth in 2015

SINGAPORE: Lower oil prices could boost demand in Asia in 2015, with spot interest for diesel, Asia's most widely us

Published 19 Dec, 2014 06:33am

Energy

Oil rebounds in volatile year-end trade

SINGAPORE: Oil prices edged up in Asia Friday after falling sharply in the previous session, as analysts predicted incre

Published 19 Dec, 2014 05:44am

Energy

Asia-Pacific Crude-High freight rates support; Sokol strengthens

SINGAPORE: Spot differentials for Russian Sokol strengthened in the Asia-Pacific crude market, as the short-haul grade b

Published 18 Dec, 2014 12:31pm

Energy

Middle East Crude-Iraq steps up exports

SINGAPORE: The Middle East crude market came under pressure on Thursday as Iraq stepped up exports, adding to a glut of

Published 18 Dec, 2014 12:17pm

Energy

Sri Lankan stocks recover from three-week low; rupee steady

COLOMBO: Sri Lankan stocks recovered on Thursday, snapping a five-session losing streak, with high net worth and institu

Published 18 Dec, 2014 08:31am

Energy

Middle East Crude: Premiums climb on low OSPs, firm demand

SINGAPORE: The Middle East crude market stayed firm on Wednesday with most February spot grades sold at higher different

Published 18 Dec, 2014 07:31am

Energy

Brent edges further above $61 as companies cut upstream investments

SINGAPORE: Brent crude edged further above $61 a barrel on Thursday, after sharply lower prices forced companies to cut

Published 18 Dec, 2014 07:30am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were little changed in Asia Thursday after data showed US stockpiles dipping, while the Federal Re

Published 18 Dec, 2014 06:31am

Energy

Crude steady above $56/bbl after 1pc gain

TOKYO: US crude futures were little changed above $56 a barrel on Thursday following volatile trading the previous day d

Published 18 Dec, 2014 05:14am

Energy

US oil may revisit high of $58.98

SINGAPORE: US oil may revisit its Dec. 17 high of $58.98 per barrel, as it has managed to stabilize around a support at

Published 18 Dec, 2014 05:05am

Energy

Brent oil may approach resistance at $63.52 again

SINGAPORE: Brent oil as it seems to have temporarily bottomed around support at $59.25 per barrel, and may approach resi

Published 18 Dec, 2014 05:01am

Energy

Sinopec completes 8.2mn bbls commercial crude tanks in Tianjin

BEIJING: Sinopec has completed about 8.2 million barrels of commercial crude reserve tanks in Tianjin, according to a re

Published 18 Dec, 2014 04:51am

Energy

Asia-Pacific Crude-Feb Chim Sao premiums edge up

SINGAPORE: Spot premiums for February-loading Chim Sao edged up in the Asia-Pacific crude market on Wednesday as better

Published 17 Dec, 2014 12:27pm

Energy

Middle East Crude-Premiums climb on low OSPs, firm demand

SINGAPORE: The Middle East crude market stayed firm on Wednesday with most February spot grades sold at higher different

Published 17 Dec, 2014 12:23pm

Energy

Oil prices sink further in Asian trade

SINGAPORE: Oil suffered fresh losses in Asia Wednesday, sinking to new multi-year lows as dealers watch Russia's rub

Published 17 Dec, 2014 09:18am

Energy

Brent drops below $60 as OPEC, Russia keep output steady amid glut

SINGAPORE: Brent futures fell more than 1 percent on Wednesday, down for a sixth straight session, with persistent worri

Published 17 Dec, 2014 07:06am

Energy

India imports 38pc more Iranian oil in Jan-Nov

NEW DELHI: India imported about 38 percent more oil from Iran in the eleven months to November as an easing of Western s

Published 17 Dec, 2014 06:55am

Energy

Oil prices sink further in Asian trade

SINGAPORE: Oil suffered fresh losses in Asia Wednesday, sinking to new multi-year lows as dealers watch Russia's rub

Published 17 Dec, 2014 05:51am

Energy

Brent falls below $60 for first time since 2009

SINGAPORE: Brent crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early Euro

Published 16 Dec, 2014 07:59am

Energy

Oil prices fall, stumbling emerging markets dent outlook

SINGAPORE: Oil prices fell on Tuesday, with Brent mired near a 5-1/2 year low close to $60 per barrel, as Chinese factor

Published 16 Dec, 2014 07:22am

Energy

Oil prices sink further in Asian trade

SINGAPORE: Oil prices sank further to new multi-year lows in Asia Tuesday, with analysts weighing the possible political

Published 16 Dec, 2014 06:37am

Energy

Oil prices fall as China's factories slow

SINGAPORE: Oil prices fell on Tuesday, with Brent mired near a 5-1/2 year low close to $60 per barrel, as Chinese factor

Published 16 Dec, 2014 06:01am

Energy

China stocks rise, led by brokerages, but Hong Kong shares fall

BEIJING: China stocks climbed on Tuesday while Hong Kong shares fell, with the divergence between the prices of financia

Published 16 Dec, 2014 05:59am

Energy

SE Asia Stocks: Extend declines on emerging markets sell-off

JAKARTA: Southeast Asian stock markets slumped on Tuesday after emerging market currencies were hit by global risk avers

Published 16 Dec, 2014 05:56am

Energy

Rouble jumps on Russia rate hike, oil pressured

TOKYO: Oil prices continued to slide on Tuesday, while the rouble jumped against the dollar after Russia sharply hiked i

Published 16 Dec, 2014 04:37am

Energy

Oil prices sink further in Asian trade

SINGAPORE: Oil prices sank further to new multi-year lows in Asia Tuesday, with analysts weighing the possible political

Published 16 Dec, 2014 03:34am

Energy

Brent edges up to $62.35 after earlier crash in volatile trade

SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the I

Published 15 Dec, 2014 12:28pm

Energy

Middle East Crude-Spot differentials improve amid Christmas rush

SINGAPORE: Spot differentials in the Middle East crude market continued to improve as refiners, keen to conclude buying

Published 15 Dec, 2014 12:17pm

Energy

Asia-Pacific Crude-Kimanis premium edges higher

SINGAPORE: Spot premium for Malaysia's new Kimanis grade ticked higher in the Asia-Pacific crude market on Monday, e

Published 15 Dec, 2014 12:06pm

Energy

Iran imports gasoil after months, but unlikely to continue

SINGAPORE: Iran resumed gasoil imports this quarter after a gap of several months on rising consumption of heating oil d

Published 15 Dec, 2014 10:28am

Energy

Brent rises above $62.50 after earlier crash in volatile trading

SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the I

Published 15 Dec, 2014 07:03am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices bounced back in Asia Monday on hopes of upbeat global manufacturing data to be released later this

Published 15 Dec, 2014 06:44am

Energy

Brent gives up some gains, heads toward $62 in volatile trade

SINGAPORE: Brent crude gave up some of its gains and dropped towards $62 a barrel on Monday in volatile trading, which s

Published 15 Dec, 2014 06:05am

Energy

Oil plunges to 5 1/2-year low, Asian shares on defensive

TOKYO: Oil prices sank more than two percent to 5 1/2-year lows early on Monday on concerns about a supply glut and slow

Published 15 Dec, 2014 05:21am

Energy

US oil to hover above support at $56.22

SINGAPORE: US oil may hover above a support at $56.22 per barrel for one day or rebound moderately to a resistance at $5

Published 15 Dec, 2014 05:18am

Energy

Brent oil to pull back to $61.89

SINGAPORE: Brent oil may rebound moderately to a resistance at $61.89 per barrel, before falling again towards a support

Published 15 Dec, 2014 05:10am

Energy

Oil prices plunge to fresh five-year low in Asian trade

SINGAPORE: Oil prices sank to a fresh five-year low in Asia on Monday after a top OPEC official said the relentless plun

Published 15 Dec, 2014 05:04am

Energy

Brent recovers more than $1, hits $62.95 on strong data hopes

SINGAPORE: Oil prices bounced back more than a dollar on Monday, after hitting 5-1/2-year lows of $60.28 earlier in the

Published 15 Dec, 2014 04:47am

Energy

Oil slump drags Asian stocks lower, Tokyo leads losses

HONG KONG: Asian markets fell Monday as a relentless plunge in oil prices exerted downward pressure, while investors in

Published 15 Dec, 2014 04:13am

Energy

Thailand's PTT says 2014 profit to be hit by weak oil prices

BANGKOK: PTT PCL, Thailand's largest energy firm, warned that its 2014 net profit could be lower than the 94.65 bill

Published 13 Dec, 2014 08:28am

Energy

Brent hits 5-1/2 year low of $63 on supply glut, demand woes

BEIJING: Brent crude continued its march downwards on Friday, dropping to a 5-1/2-year low of $63 a barrel for a weekly

Published 12 Dec, 2014 02:52pm

Energy

Asia-Pacific Crude: High shipping costs support; Vityaz steady

SINGAPORE: Differentials in the Asia-Pacific crude market were supported by high costs of shipping arbitrage cargoes to

Published 12 Dec, 2014 02:19pm

Energy

Middle East Crude: Brisk demand support spot differentials

SINGAPORE: Spot differentials for February-loading cargoes in the Middle East crude market rose on Friday amid brisk dem

Published 12 Dec, 2014 01:59pm

Energy

China's power output decelerates for third month in Nov

SHANGHAI: China's power generation, a bellwether for the country's economic activity, rose 0.6 percent in Novemb

Published 12 Dec, 2014 08:02am

Energy

China implied oil demand up 3pc on refinery runs

BEIJING: China's implied oil demand in November gained around 3 percent from October to the strongest in two months,

Published 12 Dec, 2014 07:57am

Energy

Middle East Crude-Robust demand lifts light grades

SINGAPORE: Light grades in the Middle East crude market fetched stronger differentials for February than the previous mo

Published 11 Dec, 2014 01:11pm

Energy

Asia-Pacific Crude-Lower refining margins, strong supply weigh

SINGAPORE: Spot differentials in the Asia-Pacific crude market are expected to stay unchanged or weaken slightly from la

Published 11 Dec, 2014 01:05pm

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Thursday after falling sharply to fresh five-year lows in the previous session a

Published 11 Dec, 2014 06:40am

Energy

Vietnam's 2014 crude oil output seen above 17mn T

HANOI: Vietnam is expected to produce more than 17 million tonnes of crude oil this year (341,000 barrels per day), beat

Published 11 Dec, 2014 04:47am

Energy

Brent edges up toward $65, but Saudi stance on output curbs gains

BEIJING: Brent crude ticked higher on Thursday but remained below $65 per barrel, and not far above five-year lows hit i

Published 11 Dec, 2014 04:19am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Thursday after falling sharply to fresh five-year lows in the previous session a

Published 11 Dec, 2014 03:50am

Energy

Brent stays above $66 after dip on oversupply worries

BEIJING: Brent crude remained above $66 barrel on Wednesday, after resuming its drift downwards amid a glut of oil on th

Published 10 Dec, 2014 12:52pm

Energy

Asia-Pacific Crude-Kimanis supply to rise in Feb

SINGAPORE: The Asia-Pacific crude market came under pressure on Wednesday on an expected rise in supply of a new grade f

Published 10 Dec, 2014 12:27pm

Energy

Middle East Crude-Feb Banoco AM flips into premium

SINGAPORE: The Middle East crude market held firm on Wednesday after February Banoco Arab Medium was traded at a premium

Published 10 Dec, 2014 12:18pm

Energy

Russia's Rosneft to raise 800bn rbls in domestic rouble bonds

MOSCOW: Russia's Rosneft plans to raise 800 billion roubles ($14.8 billion) from the sale of new domestic rouble bon

Published 10 Dec, 2014 07:28am

Energy

Brent resumes its fall, losing $1 on oversupply worries

BEIJING: Brent crude dropped around $1 a barrel on Wednesday, resuming its fall caused by a glut of oil in the market af

Published 10 Dec, 2014 05:40am

Energy

Asian LNG prices seen falling by up to 30pc in 2015

SINGAPORE: Asian liquefied natural gas (LNG) prices are expected to fall by up to 30 percent in 2015, according to a sur

Published 10 Dec, 2014 05:37am

Energy

Middle East Crude-Dubai down, Chinaoil turns seller

SINGAPORE: Cash Dubai weakened in the Middle East crude market on Tuesday after Chinaoil sold 25 partials during Platts&

Published 09 Dec, 2014 12:38pm

Energy

Asia-Pacific Crude-High freight rates support; PTT buys regional

SINGAPORE: The Asia-Pacific crude market found some support after Thailand's PTT bought regional crude in a monthly

Published 09 Dec, 2014 12:35pm

Energy

Japan LNG spot price falls to $14.40/mmBtu in Nov

TOKYO: Liquefied natural gas (LNG) spot prices for Japanese buyers fell in November after two straight months of rises,

Published 09 Dec, 2014 06:45am

Energy

Middle East Crude-OSP cuts, winter to support Feb light grades

SINGAPORE: Light grades stayed supported in the Middle East crude market on Monday as winter demand and slight reduction

Published 08 Dec, 2014 12:05pm

Energy

Tanzania seeks over 250,000 T oil products for Feb

SINGAPORE: Tanzania's oil importers are seeking over 250,000 tonnes of oil products for delivery in February, about

Published 08 Dec, 2014 12:03pm

Energy

Asia-Pacific Crude-Russian Sokol premium falls

SINGAPORE: Spot differentials for Russia's Sokol grade fell in the Asia-Pacific crude market following higher produc

Published 08 Dec, 2014 11:49am

Energy

Bangladesh finalises gasoil and fuel oil imports for 2015

DHAKA: Bangladesh Petroleum Corp (BPC) has finalised imports of 2.5 million tonnes of gasoil and 840,000 tonnes of fuel

Published 08 Dec, 2014 11:43am

Energy

Oil prices down after lacklustre Chinese trade data

SINGAPORE: Crude hit fresh five-year-lows Monday following another weak batch of trade data out of China, while prices w

Published 08 Dec, 2014 06:13am

Energy

Brent stays below $69 after Morgan Stanley forecast, China trade data

BEIJING: Oil prices fell more than a dollar on Monday and approached a five-year low hit early this month after Morgan S

Published 08 Dec, 2014 05:40am

Energy

Oil prices down after lacklustre Chinese trade data

SINGAPORE: Crude hit fresh five-year-lows Monday following another weak batch of trade data out of China, while prices w

Published 08 Dec, 2014 04:07am

Energy

Indonesia 2015 fuel subsidy spending may be below 140trn rupiah

JAKARTA: Indonesia's spending on fuel subsidies may fall below 140 trillion rupiah ($11.38 billion) in 2015, about h

Published 05 Dec, 2014 07:45am

Energy

Brent extends losses below $70 after Saudi price cut

SINGAPORE: Brent crude extended losses below $70 a barrel on Friday and was set for a second weekly fall, with Saudi Ara

Published 05 Dec, 2014 05:54am

Energy

Oil down after Saudi Arabia slashes crude price

SINGAPORE: Oil fell in Asia on Friday after major producer Saudi Arabia slashed the price of the crude that it sells to

Published 05 Dec, 2014 03:43am

Energy

Brent heads above $70 after US crude stocks drop

SINGAPORE: Brent crude rose above $70 a barrel on Thursday, gaining nearly 1 percent along with U.S. futures as a fall i

Published 04 Dec, 2014 12:58pm

Energy

Middle East Crude steady; Saudi OSPs eyed

SINGAPORE: The Middle East crude market held steady on Wednesday, as traders awaited monthly official selling prices (OS

Published 04 Dec, 2014 12:10pm

Energy

Oil prices up on lower US supplies

SINGAPORE: Oil prices rose in Asia on Thursday after a dip in US stockpiles raised optimism about energy demand in the w

Published 04 Dec, 2014 08:12am

Energy

Philippines' Aboitiz to spend $680mn to raise power capacity, eyes Indonesia

MANILA: The Philippines' Aboitiz Equity Ventures Inc will spend $680 million to increase the capacity of two of its

Published 04 Dec, 2014 06:46am

Energy

Oil prices up on lower US supplies

SINGAPORE: Oil prices rose in Asia on Thursday after a dip in US crude stockpiles raised optimism about energy demand in

Published 04 Dec, 2014 04:29am

Energy

China shares higher in morning trade

SHANGHAI: Chinese shares opened higher on Thursday, extending a rally on hopes of more monetary easing and economic refo

Published 04 Dec, 2014 03:51am

Energy

Middle East Crude: Focus turns to February trading; Qatar lowers OSP

SINGAPORE: The Middle East crude market held steady on Wednesday, as focus turned to trading for February cargoes and pr

Published 03 Dec, 2014 02:26pm

Energy

President of Sinopec's oil services unit dismissed amid investigation

BEIJING: The president of Sinopec Group's oilfield services unit has been dismissed and is currently under investiga

Published 03 Dec, 2014 01:50pm

Energy

Brent holds above $70 in turbulent oil market

SINGAPORE: Brent held above $70 a barrel on Wednesday, recovering slightly from losses in the prior session as a turbule

Published 03 Dec, 2014 07:54am

Energy

Oil price falls pressure Australian energy firms, economy

SYDNEY: Australian energy firms are having to reassess their investment strategies and outlook as oil prices sit at mult

Published 03 Dec, 2014 05:55am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil rebounded in Asia Wednesday as dealers consolidated positions and awaited the latest US crude stockpiles

Published 03 Dec, 2014 03:46am

Energy

Middle East Crude-Murban OSP slightly lower; eyes on Saudi

SINGAPORE: All eyes were on Saudi Arabia's official selling prices (OSP) expected this week in the Middle East crude

Published 02 Dec, 2014 12:17pm

Energy

Asia-Pacific Crude-Market steady; Brent-Dubai gap widens

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday, though Brent-linked grades were seen under pressure as

Published 02 Dec, 2014 12:01pm

Energy

Asia Naphtha: ADNOC slashes Jan-Dec 2015 offer premiums on ample supplies

SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has quoted offers for its naphtha lifting in January to December 2015 at $9

Published 02 Dec, 2014 09:04am

Energy

Sri Lankan stocks ease on political woes; rupee firmer on exporter dollar sales

COLOMBO: Sri Lankan stocks eased slightly on Tuesday on mild selling by retail investors on continuing political uncerta

Published 02 Dec, 2014 08:58am

Energy

Brent slips towards $72 after sharp rally in volatile market

SINGAPORE: Brent crude slipped towards $72 a barrel on Tuesday, giving up some of the gains seen on Monday when the mark

Published 02 Dec, 2014 06:47am

Energy

Oil takes breather in Asian trade

SINGAPORE: Crude prices fell in Asia Tuesday but losses were curbed as dealers took a breather after days of sharp sell-

Published 02 Dec, 2014 06:29am

Energy

Middle East Crude: Saudi price cuts seen

SINGAPORE: The Middle East crude market held steady on Monday with Asian refiners saying they expect big price cuts for

Published 02 Dec, 2014 04:57am

Energy

Brent slips below $72 after sharp rally in volatile market

SINGAPORE: Brent crude slipped below $72 a barrel on Tuesday, giving up some of the gains seen on Monday when prices ral

Published 02 Dec, 2014 04:37am

Energy

Indonesia to boost oil reserves, refineries in bid to tackle graft

JAKARTA: Indonesia's new administration plans a major expansion of oil storage and will construct more refineries as

Published 02 Dec, 2014 04:30am

Energy

Oil takes breather in Asian trade

SINGAPORE: Crude prices fell in Asia Tuesday but losses were curbed as dealers took a breather after days of sharp sell-

Published 02 Dec, 2014 03:26am

Energy

US crude exports to Asia stall on flood of Mideast oil

SINGAPORE: An aggressive strategy by Mideast Gulf producers to exploit the lowest oil prices in five years to defend mar

Published 01 Dec, 2014 01:17pm

Energy

Middle East Crude-DME Oman jumps; Saudi price cuts seen

SINGAPORE: DME Oman's premium to Dubai jumped in the Middle East crude market on Monday, while Asian refiners said t

Published 01 Dec, 2014 01:09pm

Energy

Asia-Pacific Crude-NWS weakens on ample supply, cheaper alternatives

SINGAPORE: Condensate came under pressure in the Asia-Pacific crude market due to ample supply and as refiners and split

Published 01 Dec, 2014 12:52pm

Energy

Kuwait seals 2015 gasoil term at $1.25/bbl premium, down 44pc

SINGAPORE: Kuwait Petroleum Corp (KPC) has sealed its 2015 gasoil term deal with buyers at a premium of $1.25 a barrel t

Published 01 Dec, 2014 08:25am

Energy

Oil prices hit multi-year lows as OPEC decision weighs

SINGAPORE: Oil tumbled to new multi-year lows in Asia on Monday, extending a sharp sell-off last week that came in respo

Published 01 Dec, 2014 06:30am

Energy

Oil prices hit multi-year lows as OPEC decision weighs

SINGAPORE: Oil prices fell further in Asia on Monday to new multi-year lows, continuing a steep selloff sparked by OPEC&

Published 01 Dec, 2014 04:50am

Energy

Brent hits new 4 year low after OPEC decides against output cut

SINGAPORE: Brent crude held above $72 a barrel on Friday after hitting a new four year low earlier in the day after OPEC

Published 28 Nov, 2014 01:58pm

Energy

Middle East Crude: Oman-Dubai price gap narrows

SINGAPORE: Cash Dubai and Oman prices went in opposite directions in the Middle East crude market on Friday, narrowing t

Published 28 Nov, 2014 01:24pm

Energy

Oil extends losses in Asia after OPEC maintains output

SINGAPORE: Oil extended losses in Asian trade Friday after the OPEC cartel refused to cut production despite a global gl

Published 28 Nov, 2014 07:44am

Energy

Oil struggles in Asia after OPEC maintains output

SINGAPORE: Oil prices struggled in Asian trade Friday after the OPEC cartel refused to cut production despite a global g

Published 28 Nov, 2014 06:19am

Energy

Middle East Crude-DME Oman eases, January trade winds down

SINGAPORE: DME Oman's premium to Dubai eased in the Middle East crude market on Thursday as trade for January barrel

Published 27 Nov, 2014 12:57pm

Energy

Brent falls to 4-year low as OPEC production cut looks unlikely

SINGAPORE: Brent crude fell to a four-year low under $76.30 a barrel on Thursday as it became increasingly unlikely that

Published 27 Nov, 2014 07:58am

Energy

Oil extends losses ahead of key OPEC meeting

SINGAPORE: Oil prices retreated further in Asia Thursday on expectations the OPEC cartel will keep production at present

Published 27 Nov, 2014 05:32am

Energy

Brent oil to fall to $76.02

SINGAPORE: Brent oil may break support at $77.34 per barrel and fall more to the next support at $76.02, driven by a wav

Published 27 Nov, 2014 05:11am

Energy

Vietnam's Nov crude oil output rises 11.2pc y/y

HANOI: Vietnam's crude oil production in November is estimated at 1.43 million tonnes, or 349,000 barrels per day, u

Published 27 Nov, 2014 04:50am

Energy

Oil prices fall to 4-year lows as OPEC production cut looks unlikely

SINGAPORE: Oil prices fell to four-year lows on Thursday as it appeared unlikely producer club OPEC would decide to cut

Published 27 Nov, 2014 04:41am

Energy

Oil extends losses ahead of key OPEC meeting

SINGAPORE: Oil prices retreated further in Asia Thursday on expectations the OPEC cartel will keep production at present

Published 27 Nov, 2014 03:46am

Energy

Sri Lankan stocks fall to 5-wk closing low on political woes

COLOMBO: Sri Lankan stocks fell to a five-week closing low on Wednesday on concern over political stability ahead of the

Published 26 Nov, 2014 01:04pm

Energy

Brent steadies around $78.40 ahead of OPEC meeting

SINGAPORE: Brent crude steadied around $78.40 a barrel on Wednesday ahead of talks by producer group OPEC, but prices fe

Published 26 Nov, 2014 07:57am

Energy

Oil prices mixed ahead of OPEC meeting

SINGAPORE: Oil prices were mixed in Asia Wednesday as speculation swirls that the OPEC oil cartel will maintain output a

Published 26 Nov, 2014 06:08am

Energy

Oil prices extend losses ahead of OPEC meeting

SINGAPORE: Oil prices extended losses in Asia Wednesday as speculation swirls that the OPEC oil cartel will maintain out

Published 26 Nov, 2014 03:43am

Energy

Brent crude drops to $79.20 as expectation of big OPEC cut wanes

SINGAPORE: Brent crude oil prices fell towards $79.20 on Tuesday as traders lowered their expectation of a significant o

Published 25 Nov, 2014 11:40am

Energy

Oil prices mixed as hopes dim for OPEC output cut

SINGAPORE: Oil prices were mixed in Asia Tuesday as dealers bet that the OPEC cartel is unlikely to agree on any cuts at

Published 25 Nov, 2014 07:07am

Energy

Oil prices lower as hopes dim for OPEC output cut

SINGAPORE: Oil prices edged lower in Asia Tuesday as dealers bet that the OPEC cartel is unlikely to agree on any cuts a

Published 25 Nov, 2014 03:25am

Energy

Asia-Pacific Crude: Steady; winter demand may support

SINGAPORE: The Asia-Pacific crude market held steady on Monday with both buyers and sellers reluctant to show their hand

Published 24 Nov, 2014 01:49pm

Energy

China corruption watchdog launches inspections, eyes Sinopec

BEIJING: China's corruption watchdog has launched a series of inspections into state-owned enterprises and governmen

Published 24 Nov, 2014 01:18pm

Energy

Oil prices rise ahead of key OPEC meeting

SINGAPORE: Oil prices rose in Asia Monday before a crucial meeting of the OPEC cartel later in the week that will discus

Published 24 Nov, 2014 06:47am

Energy

Oil prices mixed ahead of key OPEC meeting

SINGAPORE: Oil prices were mixed in Asia Monday ahead of a crucial meeting of the OPEC cartel later in the week that wil

Published 24 Nov, 2014 04:57am

Energy

Oil prices rise on fresh hopes of OPEC output trim

SINGAPORE: Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome internal resistance to trim

Published 21 Nov, 2014 06:23am

Energy

Oil prices rise on fresh hopes of OPEC output trim

SINGAPORE: Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome internal resistance to trim

Published 21 Nov, 2014 03:35am

Energy

Middle East Crude-Qatari condensate discounts widen

SINGAPORE: January spot discounts for Qatari condensate hit multi-month lows in Asia on Thursday as demand from splitter

Published 20 Nov, 2014 12:23pm

Energy

Asia-Pacific Crude-Ruby stronger; Brent-Dubai gap at 3-1/2 month high

SINGAPORE: January spot premiums for Vietnam's Ruby crude edged higher on stronger demand as a slump in the Asia-Pac

Published 20 Nov, 2014 12:22pm

Energy

Iran to talk hold market share talks with Saudi at OPEC

DUBAI: Iran's oil minister said on Thursday he will hold talks with top oil exporter Saudi Arabia about market share

Published 20 Nov, 2014 09:36am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in Asia Thursday but gains were capped as dealers expect Gulf members of the OPEC car

Published 20 Nov, 2014 05:55am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Thursday as dealers anticipated Gulf members of the OPEC cartel to reject production

Published 20 Nov, 2014 03:44am

Energy

Asia-Pacific Crude-China demand supports Pyrenees

SINGAPORE: January spot premium for heavy sweet Pyrenees rose in the Asia-Pacific crude market on Wednesday from the pre

Published 19 Nov, 2014 01:01pm

Energy

Oil prices mixed as hopes dim for OPEC output cut

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia will resist p

Published 19 Nov, 2014 06:40am

Energy

Oil prices mixed as hopes dim for OPEC output cut

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers predicted that leading producer Saudi Arabia will resist p

Published 19 Nov, 2014 06:12am

Energy

US oil may revisit low of $73.25

SINGAPORE: US oil may revisit its Nov. 14 low of $73.25 per barrel, as it has broken support at $74.94.The support was p

Published 19 Nov, 2014 04:04am

Energy

Brent oil to revisit low of $76.76

SINGAPORE: Brent oil is expected to revisit its Nov. 14 low of $76.76 per barrel, as it could have completed a rebound f

Published 19 Nov, 2014 03:44am

Energy

Middle East Crude-January Murban slips into discount; Das at parity

SINGAPORE: Light sour Murban crude slipped into a discount, while Das held at parity in the Middle East crude market on

Published 18 Nov, 2014 12:12pm

Energy

Asia-Pacific Crude-NWS condensate supply to rise in January

SINGAPORE: Condensate came under pressure in the Asia-Pacific crude market on Tuesday as an additional North West Shelf

Published 18 Nov, 2014 12:10pm

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices extended their losses in Asia Tuesday after Japan's economy slumped into recession, while pros

Published 18 Nov, 2014 06:02am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices extended their losses in Asia Tuesday after Japan's economy slumped to recession, while prospe

Published 18 Nov, 2014 04:06am

Energy

Brent oil neutral in $78.39-$79.40 range

SINGAPORE: Brent oil looks neutral in a range of $78.39- $79.40 per barrel, and an escape will point to a direction.The

Published 18 Nov, 2014 04:05am

Energy

Middle East crude January Upper Zakum discount widens

SINGAPORE: January spot differential for Upper Zakum in the Middle East crude market hit the widest discount in two mont

Published 17 Nov, 2014 12:24pm

Energy

Asia-Pacific crude January Chim Sao steady; Sokol weakens

SINGAPORE: Vietnamese Chim Sao crude for January loading sold at similar premiums from the previous month on firm demand

Published 17 Nov, 2014 12:17pm

Energy

Brent slips to $79 as Japan enters recession

SINGAPORE: Brent crude fell to around $79 a barrel on Monday following news Japan, the world's fourth-biggest crude

Published 17 Nov, 2014 06:20am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices slipped in Asia Monday but losses were limited by speculation that the OPEC cartel would be forced

Published 17 Nov, 2014 06:04am

Energy

Brent slips to $79 as Japan enters recession

SINGAPORE: Brent crude fell to $79 a barrel on Monday following news Japan, the world's fourth-biggest crude importe

Published 17 Nov, 2014 04:21am

Energy

China shuts two Sinopec pipelines on safety concerns

BEIJING: Two short crude oil pipelines in China operated by Sinopec Group are shutting temporarily due to worries over s

Published 17 Nov, 2014 04:20am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices slipped in Asia Monday but losses were limited by speculation that the OPEC cartel would be forced

Published 17 Nov, 2014 04:11am

Energy

Iran oil min says hard to return to old prices, urges market support

DUBAI: Iran's oil minister said on Saturday it was hard to return to old crude prices but oil producers should do wh

Published 15 Nov, 2014 03:52pm

Energy

Middle East Crude: DME Oman up; al-Shaheen weaker

SINGAPORE: The Middle East crude market was mixed on Friday as DME Oman's differential to Dubai hit the strongest th

Published 14 Nov, 2014 01:06pm

Energy

Oil prices rebound in Asia

SINGAPORE:- Oil prices bounced back in Asia Friday after diving to fresh lows in the previous session on expectations th

Published 14 Nov, 2014 06:42am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices bounced back in Asia Friday after diving to fresh lows in the previous session on expectations tha

Published 14 Nov, 2014 03:48am

Energy

Middle East crude steady; Al-Shaheen tender results eyed

SINGAPORE: The Middle East crude market held steady on Thursday as traders looked ahead to results of the Qatari al-Shah

Published 13 Nov, 2014 01:04pm

Energy

Brent falls below $80; OPEC expects lower demand in 2015

SINGAPORE: Brent crude fell below $80 a barrel on Thursday, near its lowest level since 2010, after OPEC said demand for

Published 13 Nov, 2014 08:52am

Energy

Oil prices extend losses in Asia

SINGAPORE: Oil prices fell further in Asia Thursday on a stronger greenback and expectations that the OPEC cartel is unl

Published 13 Nov, 2014 07:08am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in subdued Asian trade Wednesday following sustained speculation about the dim prospects for

Published 12 Nov, 2014 06:10am

Energy

Japan LNG spot price rises to $15.30/mmBtu in Oct

TOKYO: Liquefied natural gas (LNG) spot prices for Japanese buyers rose for a second straight month in October, the gove

Published 12 Nov, 2014 05:20am

Energy

Brent drops towards $81 as oil glut worries counter disruption risks

SINGAPORE: Brent crude fell towards $81 a barrel on Wednesday, holding just above a four-year low as concerns over a mou

Published 12 Nov, 2014 05:17am

Energy

Asia-Pacific Crude unsold supply weighs, focus shifts to January

SINGAPORE: The Asia-Pacific crude market stayed weak on Tuesday as unsold supply weighed while traders shift their focus

Published 11 Nov, 2014 12:38pm

Energy

Middle East Crude DME Oman slips below $80, lowest in just over 4 years

SINGAPORE: The Middle East crude market remained weak on Tuesday, with DME Oman hitting the lowest in just over four yea

Published 11 Nov, 2014 12:37pm

Energy

US oil may revisit low of $75.84

SINGAPORE: US oil may revisit its Nov. 4 low of $75.84 per barrel, as indicated by its wave pattern and an expanding tri

Published 11 Nov, 2014 04:25am

Energy

Brent oil may drop to $80.15

SINGAPORE: Brent oil may drop more to $80.15 per barrel, as it has broken a support at $82.87.The support is identified

Published 11 Nov, 2014 04:12am

Energy

Iraq crude price to Asia at widest discount to Saudi grade in 18 months

SINGAPORE: Iraq has set the official selling price (OSP) for the flagship Basra Light grade it sells to Asia at the wide

Published 11 Nov, 2014 03:38am

Energy

Oil extend losses on dim prospects of OPEC output cut

SINGAPORE: Crude prices extended losses in Asia Tuesday as the prospects of a production cut by the OPEC oil cartel dimm

Published 11 Nov, 2014 03:32am

Energy

Brent climbs towards $84 on Ukraine tensions, Libya disruptions

SINGAPORE: Brent crude rose towards $84 a barrel on Monday, climbing for a second straight session amid heightened milit

Published 10 Nov, 2014 12:26pm

Energy

Middle East crude steady ahead of January trade

SINGAPORE: The Middle East crude market held steady on Monday as traders looked ahead to the al-Shaheen tender to kick s

Published 10 Nov, 2014 11:41am

Energy

Brent drops below $83, but US jobs data could buoy prices

SINGAPORE: Brent crude dropped for the second straight session on Friday, dragged below $83 by worries over a stronger U

Published 07 Nov, 2014 12:53pm

Energy

Middle East Crude: Dubai discount widens

SINGAPORE: Dubai slipped into further discount on Friday as an overhang of cargoes weighed on the Middle East crude mark

Published 07 Nov, 2014 11:59am

Energy

Asia Distillates: Gasoil margin gains but Thai supply curbs

SINGAPORE: The Asian gasoil margin edged higher on Friday, but gains were limited as Thailand offered spot supply in the

Published 07 Nov, 2014 11:42am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Friday after the OPEC oil cartel slashed its longer-term global demand outlook, while

Published 07 Nov, 2014 06:20am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Friday after the OPEC oil cartel slashed its longer-term global demand outlook, while

Published 07 Nov, 2014 03:27am

Energy

Asia-Pacific crude overhang persists; import tenders eyed

SINGAPORE: The Asia-Pacific crude market held steady on Thursday as traders awaited the results of import tenders to gau

Published 06 Nov, 2014 12:12pm

Energy

Middle East crude-Dec Murban weaker

SINGAPORE: Differentials for Abu Dhabi's Murban crude fell on Thursday due to weak demand in Asia.Shell sold a cargo

Published 06 Nov, 2014 11:58am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices, which saw sharp losses earlier this week, climbed in Asia Thursday after a smaller-than-expected

Published 06 Nov, 2014 06:14am

Energy

Brent gains after US crude stocks data, trades above $83

SINGAPORE: Brent crude rose above $83 a barrel on Thursday, bouncing further from its lowest level since 2010 after a lo

Published 06 Nov, 2014 05:14am

Energy

Woodside would consider onshore East Timor LNG plant for Sunrise: CEO

TOKYO: Woodside Petroleum is willing to consider building a liquefied natural gas plant onshore in East Timor for the Gr

Published 06 Nov, 2014 03:58am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices, which saw sharp losses earlier this week, climbed in Asia Thursday after a smaller-than-expected

Published 06 Nov, 2014 03:43am

Energy

Asia-Pacific crude steady; uncertainty over US condensate imports

SINGAPORE: The Asia-Pacific crude market held steady on Wednesday amid little activity, although an overhang of cargoes

Published 05 Nov, 2014 12:02pm

Energy

Brent extends losses below $83 on weak China data, supply glut

SINGAPORE: Brent crude dropped further below $83 a barrel on Wednesday, stretching losses into a fifth session, as weak

Published 05 Nov, 2014 06:38am

Energy

Oil prices extend losses

SINGAPORE: Oil prices extended losses in Asia Wednesday as dealers looked ahead to the release of the latest US supply r

Published 05 Nov, 2014 06:07am

Energy

Oil prices mixed ahead of US stockpiles report

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers looked ahead to the release of the latest US supply report

Published 05 Nov, 2014 04:08am

Energy

Brent drops further away from $86 on strong dollar, China data

SINGAPORE: Brent crude inched lower on Monday, dropping further away from $86 a barrel as mixed Chinese data and a stron

Published 03 Nov, 2014 08:47am

Energy

Malaysian crude oil OSP calculated at $93.05 for October

SINGAPORE: The official selling price of a basket of Malaysian crude oil for October-loading has been calculated at $93.

Published 03 Nov, 2014 08:24am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Monday as dealers focused on a slew of global manufacturing data for clues abou

Published 03 Nov, 2014 06:20am

Energy

Thailand's oil, gas output seen down 70pc in next decade

BANGKOK: Thailand is in urgent need to secure long-term energy supplies as its oil and gas output is expected to drop ov

Published 31 Oct, 2014 01:45pm

Energy

Middle East Crude: Chinaoil ends Oct with record 47 cargoes

SINGAPORE: The Middle East crude market held steady on Friday, the last day of the month that saw Chinaoil buying a reco

Published 31 Oct, 2014 01:38pm

Energy

Brent falls toward $86, heads for worst month since 2012

SINGAPORE: Brent crude futures fell toward $86 a barrel on Friday as a firmer dollar and a well supplied oil market comb

Published 31 Oct, 2014 07:38am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Friday, pressured by a stronger dollar as dealers speculated over whether the will Fe

Published 31 Oct, 2014 06:24am

Energy

Crude below $81, set for fourth monthly loss

TOKYO: US crude futures edged below $81 a barrel on Friday, extending declines as the dollar rallied on bets of a sooner

Published 31 Oct, 2014 06:09am

Energy

US oil to revisit low of $79.44

SINGAPORE: US oil is expected to revisit its Oct. 27 low of $79.44 per barrel, as it has completed a rebound from this l

Published 31 Oct, 2014 06:01am

Energy

Brent oil's bearish target at $82.87 resumed

SINGAPORE: A bullish target range of $90.51-$92.22 per barrel has been aborted and a bearish target at $82.87 resumed fo

Published 31 Oct, 2014 05:52am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Friday, pressured by a stronger dollar as dealers speculated over whether the will Fe

Published 31 Oct, 2014 05:08am

Energy

Brent falls below $86, heads for worst month since 2012

SINGAPORE: Brent crude futures fell below $86 a barrel on Friday as a firmer dollar and a well supplied oil market combi

Published 31 Oct, 2014 04:48am

Energy

Brent drops below $87 as Fed optimism lifts dollar

SINGAPORE: Brent oil futures fell below $87 a barrel on Thursday, pressured by a stronger U.S. dollar after the Federal

Published 30 Oct, 2014 07:49am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asia Thursday but losses were limited by a surprisingly upbeat assessment of the US

Published 30 Oct, 2014 07:21am

Energy

Crude falls below $82/bbl on strong dollar

TOKYO: US crude futures edged below $82 a barrel on Thursday in early Asian trade, pressured by a strong dollar and a su

Published 30 Oct, 2014 06:47am

Energy

Brent oil targets $90.51-$92.22 range

SINGAPORE: A bullish target range of $90.51-$92.22 per barrel has been established for Brent oil as it has cleared a res

Published 30 Oct, 2014 06:16am

Energy

Brent drops below $87 as Fed optimism lifts dollar

SINGAPORE: Brent oil futures fell below $87 a barrel on Thursday, pressured by a stronger U.S. dollar after the Federal

Published 30 Oct, 2014 05:51am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asia Thursday but losses were capped on a surprisingly upbeat assessment of the US

Published 30 Oct, 2014 05:44am

Energy

Brent extends gains; market awaits Fed statement

TOKYO: Brent oil prices extended gains above $86 a barrel on Wednesday, supported by short-covering and drawdowns in US

Published 29 Oct, 2014 06:56am

Energy

Brent steady above $86 as market awaits Fed statement

TOKYO: Brent oil prices held steady above $86 a barrel on Wednesday as investors awaited guidance from the Federal Reser

Published 29 Oct, 2014 04:27am

Energy

Oil prices up ahead of Fed outcome, supply report

SINGAPORE: Oil prices rose in Asia Wednesday as dealers await the outcome of a US Federal Reserve meeting and the latest

Published 29 Oct, 2014 03:36am

Energy

Middle East crude weak demand in Asia weighs

SINGAPORE: The Middle East crude market remained depressed by excess supply and weak demand in Asia, with only the grade

Published 28 Oct, 2014 12:00pm

Energy

Asia-Pacific crude under pressure; ESPO in focus

SINGAPORE: Over supply continued to weigh on the Asia-Pacific crude market on Tuesday although signs of improving middle

Published 28 Oct, 2014 11:47am

Energy

Middle East Crude-Weak demand in Asia weighs

SINGAPORE: The Middle East crude market remained depressed by excess supply and weak demand in Asia, with only the grade

Published 28 Oct, 2014 10:42am

Energy

Sinopec firm starts laying pipelines for Iraq's Maysan oilfield

BEIJING: An engineering and construction unit under China's Sinopec Group has started building pipelines for Iraq&#3

Published 28 Oct, 2014 09:28am

Energy

Brent oil's target of $82.87 intact

SINGAPORE: A bearish target at $82.87 per barrel remains intact for Brent oil as indicated by its wave pattern and a Fib

Published 28 Oct, 2014 05:53am

Energy

Oil extends losses over weak price outlook

SINGAPORE: Oil moved lower in Asian trade Tuesday after Goldman Sachs slashed its price forecasts for the next two years

Published 28 Oct, 2014 04:00am

Energy

US oil to test support at $79.78

SINGAPORE: US oil is expected to test a support at $79.78 per barrel, a break below which will lead to a further loss to

Published 27 Oct, 2014 08:01am

Energy

Brent oil to fall towards $82.87

SINGAPORE: Brent oil is expected to fall towards support at $82.87 per barrel, as indicated by its wave pattern and a Fi

Published 27 Oct, 2014 07:43am

Energy

Brent drops below $86 after Goldman cuts price forecasts

TOKYO: Brent crude futures fell below $86 a barrel on Monday after Goldman Sachs cut its price forecasts for the contrac

Published 27 Oct, 2014 06:12am

Energy

Oil mixed in Asian trade

SINGAPORE: Oil was mixed in Asian trade Monday but remained subdued with no signs the world's key crude producers wi

Published 27 Oct, 2014 03:45am

Energy

Middle East Crude: Dubai strengthens on Chinaoil buying

SINGAPORE: The Dubai price flipped to a premium in the Middle East crude market on Friday after Chinaoil increased buyin

Published 24 Oct, 2014 12:51pm

Energy

Brent slips towards $86 on Ebola case, set for 1st weekly gain in 5

SINGAPORE: Brent reversed sharp overnight gains and fell towards $86 a barrel on Friday as investors' risk appetite

Published 24 Oct, 2014 09:23am

Energy

Brent inches up to near $85, China PMI spurs optimism

SINGAPORE: Brent crude reversed early losses to edge up towards $85 a barrel on Thursday as better than expected factory

Published 23 Oct, 2014 07:08am

Energy

Oil narrows losses but remains subdued in Asia

SINGAPORE: Oil narrowed losses in Asian trade Thursday after news that China's key manufacturing sector picked up sl

Published 23 Oct, 2014 06:46am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices tanked further in Asian trade Thursday as a crude supply glut overshadowed news that China's k

Published 23 Oct, 2014 03:55am

Energy

Hong Kong shares end up 1.37pc

HONG KONG: Hong Kong stocks jumped 1.37 percent following a third successive advance on Wall Street, while traders await

Published 22 Oct, 2014 09:26am

Energy

Oil prices dip in Asia after recent gains

HONG KONG: Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while ana

Published 22 Oct, 2014 06:36am

Energy

Oil prices dip in Asia after recent gains

HONG KONG: Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while ana

Published 22 Oct, 2014 05:00am

Energy

Tokyo stocks up nearly 2.0pc in opening trade

TOKYO: Tokyo stocks jumped nearly two percent in opening trade on Wednesday, bouncing back from a sharp drop the previou

Published 22 Oct, 2014 04:48am

Energy

Middle East crude Dubai slumps as Chinaoil scales back purchases

SINGAPORE: Dubai slipped into wider discount on Tuesday in the Middle East crude market as Chinaoil scaled back purchase

Published 21 Oct, 2014 12:09pm

Energy

Falling global crude prices bolster India's economic outlook

NEW DELHI: Falling crude oil prices have helped Indian lawyer Pratik Mehra get off the bus and back behind the wheel of

Published 21 Oct, 2014 12:07pm

Energy

Oil prices mixed as caution returns

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as caution returned after a weak rally spurred by upbeat industr

Published 21 Oct, 2014 06:45am

Energy

Brent extends gains at above $85 as China oil demand rises

SINGAPORE: Brent edged up on Tuesday, holding above $85 a barrel as robust China oil demand supported prices, although g

Published 21 Oct, 2014 05:48am

Energy

China Sept crude oil throughput climbs 9.1pc on year

BEIJING: China's refinery throughput rose 9.1 percent in September from a year earlier to 42.0 million tonnes, or 10

Published 21 Oct, 2014 03:58am

Energy

Oil prices up on China industrial output data

SINGAPORE: Oil prices rose in Asian trade Tuesday, buoyed by strong industrial production data from China, the world&#39

Published 21 Oct, 2014 03:54am

Energy

Middle East crude slumps as sellers depress market

SINGAPORE: December differentials for DME Oman and Dubai slumped into discounts in the Middle East crude market on Monda

Published 20 Oct, 2014 12:53pm

Energy

Asia-Pacific crude weak; Malaysian supply eyed

SINGAPORE: The Asia-Pacific crude market remained under pressure on Monday amid poor demand, while some traders awaited

Published 20 Oct, 2014 12:21pm

Energy

Brent holds on to gains above $86, helped by US consumer sentiment

SINGAPORE: Brent crude edged higher on Monday, holding on to gains scored in the previous session that took it above $86

Published 20 Oct, 2014 07:53am

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil prices rose in Asia Monday, lifted by a surge in equities following last week's sharp gains on Wall S

Published 20 Oct, 2014 06:57am

Energy

Iraq proposes to split crude supply into two grades -trade

SINGAPORE: Iraq's State Oil Marketing Organization (SOMO) has proposed to split its crude supply into two grades and

Published 20 Oct, 2014 06:55am

Energy

US oil to drop to $81.70

SINGAPORE: US oil may retrace to $81.70 per barrel, as indicated by its wave pattern and a Fibonacci retracement analysi

Published 20 Oct, 2014 04:59am

Energy

Brent holds on to gains above $86, helped by US consumer sentiment

SINGAPORE: Brent crude futures edged higher on Monday, holding on to gains scored in the previous session that took it a

Published 20 Oct, 2014 04:24am

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil prices rose in Asia Monday, lifted by a surge in equities following last week's sharp gains on Wall S

Published 20 Oct, 2014 03:57am

Energy

Oil rebound extends in Asia

SINGAPORE: Oil prices extended a minor rally on bargain-buying Friday, a day after the US benchmark fell below $80 for t

Published 17 Oct, 2014 01:17pm

Energy

US oil to retrace to $81.70

SINGAPORE: US oil is expected to retrace further to $81.70 per barrel and then rise towards $82.89 as indicated by its w

Published 17 Oct, 2014 09:04am

Energy

Brent oil may retrace to $85

SINGAPORE: Brent oil faces resistance at $86.67 per barrel and may retrace to the Oct. 16 high of $85 to fill a gap on t

Published 17 Oct, 2014 08:52am

Energy

Brent crude rallies above $86 but still heading for 4th weekly loss

SINGAPORE: Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a

Published 17 Oct, 2014 08:10am

Energy

Brent crude rallies above $86 but heads for 4th weekly loss

SINGAPORE: Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a

Published 17 Oct, 2014 06:43am

Energy

Asia Pacific crude weaker; Sokol, Chim Sao premiums fall

SINGAPORE: The Asia-Pacific crude market weakened on Thursday as a combination of poor refining margins and a glut of cr

Published 16 Oct, 2014 12:03pm

Energy

Oil slide deepens as economic worries mount

SEOUL/SINGAPORE: Oil fell more than $1 a barrel on Thursday, with Brent crude hitting a fresh four-year low at below $83

Published 16 Oct, 2014 07:52am

Energy

Oil prices tumble in Asia

SINGAPORE: Oil prices resumed their downward spiral in Asian trade Thursday following another sell-off in equities as tr

Published 16 Oct, 2014 06:13am

Energy

US oil to retest support at $79.95

SINGAPORE: US oil is expected to retest support at $79.95 per barrel, with a good chance of breaking below this level an

Published 16 Oct, 2014 04:36am

Energy

Oil prices tumble in Asia

SINGAPORE: Oil prices resumed their downward spiral in Asian trade Thursday following another massive sell-off in equiti

Published 16 Oct, 2014 03:55am

Energy

Middle East crude Chinaoil buys 5 cargoes, al-Shaheen discount narrows

SINGAPORE: The Middle East crude market stayed firm on Wednesday as Chinaoil snapped up another five cargoes, raising it

Published 15 Oct, 2014 12:24pm

Energy

Exxon offers up to 6 million barrels of gasoil for 2015 term contract

SINGAPORE: Exxon Mobil Corp has offered up to 6 million barrels of gasoil for loading in 2015 from its joint-venture ref

Published 15 Oct, 2014 06:34am

Energy

Oil prices see small rebound in Asia

SINGAPORE: Oil staged a minor rebound on bargain-buying in Asian trade Wednesday following sharp falls that have seen pr

Published 15 Oct, 2014 06:13am

Energy

Brent recovers above $85 after biggest fall in three years

SINGAPORE: Brent edged higher above $85 a barrel on Wednesday, recovering from its biggest daily fall in three years, a

Published 15 Oct, 2014 05:15am

Energy

Oil prices see small rebound in Asia

SINGAPORE: Oil staged a minor rebound on bargain-buying in Asian trade Wednesday following sharp falls that have seen pr

Published 15 Oct, 2014 05:10am

Energy

Middle East crude softens despite Chinaoil purchases

SINGAPORE: The Middle East crude market softened despite continued robust demand from Chinaoil which bought another thre

Published 14 Oct, 2014 02:10pm

Energy

US oil may break support at $84.21

SINGAPORE: US oil may break support at $84.21 per barrel and fall further towards $81.68 as its consolidation above this

Published 14 Oct, 2014 05:20am

Energy

Brent drops to near $88 in well-supplied oil market

SINGAPORE: Brent crude fell to just above $88 a barrel on Tuesday in a well-supplied market as expectations faded that O

Published 14 Oct, 2014 04:49am

Energy

Oil prices hit new multi-year lows in Asia

SINGAPORE: Oil prices fell to fresh multi-year lows in Asian trade Tuesday, with analysts blaming concerns about a suppl

Published 14 Oct, 2014 04:03am

Energy

Asia Pacific crude outlook remains weak

SINGAPORE: Demand for Asia-Pacific crude could find some support when trading for December-loading cargoes gains pace th

Published 13 Oct, 2014 01:14pm

Energy

Oil prices down in Asian trade as weak demand weighs

SINGAPORE: Oil prices fell in Asian trade Monday on growing concerns about demand as equities tumble on global growth wo

Published 13 Oct, 2014 06:34am

Energy

Oil falls on Kuwait, Saudi signals, but Chinese data lends support

SINGAPORE/SEOUL: Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled a willingn

Published 13 Oct, 2014 05:57am

Energy

Brent oil to revisit low of $87.74

SINGAPORE: Brent oil may revisit a low at $87.74 per barrel touched on Monday as the swift recovery of the price from th

Published 13 Oct, 2014 04:58am

Energy

China Sept crude oil imports up 7.4pc on year

BEIJING: China's crude imports rose a stronger-than-expected 7.4 percent in September from a year earlier, even as d

Published 13 Oct, 2014 04:30am

Energy

Oil falls more than $1 on Kuwait, Saudi signals; China offsets

SINGAPORE/SEOUL: Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled ample supp

Published 13 Oct, 2014 04:23am

Energy

Oil prices down in Asian trade as weak demand weighs

SINGAPORE: Oil prices fell in Asian trade Monday on growing concerns about demand as equities tumble on global growth wo

Published 13 Oct, 2014 03:37am

Energy

Brent at four-year low on global economy fears

SINGAPORE: Crude prices tumbled Friday, with Brent hitting a four-year low on concerns about the global economy while th

Published 10 Oct, 2014 07:48am

Energy

Oil prices extend losses on demand fears

SINGAPORE: Oil prices sank Friday to more than two-year lows as weak economic data from Germany underscored concerns ove

Published 10 Oct, 2014 06:54am

Energy

Brent crude price drop prompts buying spree by China

SINGAPORE/BEIJING: A 20 percent drop in global oil prices has whetted top energy consumer China's appetite for crude

Published 09 Oct, 2014 12:45pm

Energy

Asia Pacific crude Sokol premium drops; Brent/Dubai gap widens

SINGAPORE: The Asia-Pacific crude market came under pressure on Thursday, as premiums for Russia's Sokol dropped to

Published 09 Oct, 2014 12:25pm

Energy

Middle East Crude Chinaoil continues buying spree

SINGAPORE: Dubai strengthened in the Middle East crude market on Thursday as Chinaoil continued its buying spree.Chinaoi

Published 09 Oct, 2014 12:23pm

Energy

CNPC gets nod for China-Russia gas pipeline design

BEIJING: China National Petroleum Corp (CNPC) has received government approval for the design of the Chinese section of

Published 09 Oct, 2014 07:48am

Energy

US oil to test support at $86.25

SINGAPORE: US oil is expected to test $86.25 per barrel, as it has broken support at $88.29.The support was provided by

Published 09 Oct, 2014 06:46am

Energy

Brent comes off 27 month low, holds above $91 as dollar weakens

SINGAPORE: Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27-month low hit in t

Published 09 Oct, 2014 06:12am

Energy

Japan LNG spot prices show first m/m increase in 6 months

TOKYO: Liquefied natural gas (LNG) spot prices for Japanese buyers rose in September for the first time in six months, t

Published 09 Oct, 2014 06:09am

Energy

Oil rebounds in Asia but prices expected to remain soft

SINGAPORE: Oil prices bounced from multi-month lows in Asia on Thursday, lifted by an equities rally and a weaker dollar

Published 09 Oct, 2014 05:52am

Energy

Middle East crude Dubai flips into premium on Chinaoil buys

SINGAPORE: The Middle East crude market held firm on Wednesday as robust demand from Chinaoil flipped cash Dubai into a

Published 08 Oct, 2014 12:13pm

Energy

Asia Pacific crude weak; Indonesia, Thailand seek Dec oil

SINGAPORE: Asia-Pacific crude stayed weak on Wednesday as supply overhang and an open arbitrage window weighed on the ma

Published 08 Oct, 2014 12:10pm

Energy

Asia Fuel Oil: Fuel oil margin slips on more Indian supply

SINGAPORE: The Asian fuel oil margin slipped on Friday as more spot supply appeared out of India, trade sources said.The

Published 03 Oct, 2014 12:23pm

Energy

Brent bounces off 27-mth low towards $94, but still eyes weekly loss

SINGAPORE: Brent crude futures rose towards $94 a barrel on Friday after a three-day slide pulled prices to their lowest

Published 03 Oct, 2014 07:09am

Energy

Oil prices rise ahead of US jobs report

SINGAPORE: The cost of oil rose in Asia Friday ahead of the latest US jobs report and after hitting multi-month lows a d

Published 03 Oct, 2014 06:56am

Energy

Oil prices rise ahead of US jobs report

SINGAPORE: The cost of oil rose in Asia Friday ahead of the latest US jobs report and after hitting multi-month lows a d

Published 03 Oct, 2014 05:31am

Energy

Brent hovers near 27-month low as abundant supply weighs

SINGAPORE: Brent crude futures hovered near $94 a barrel on Thursday and were close to their lowest levels in more than

Published 02 Oct, 2014 05:07am

Energy

Brent edges above $95 on relief over China's PMI

SINGAPORE: Brent oil futures edged up above $95 a barrel on Wednesday as a positive Chinese economic survey helped the c

Published 01 Oct, 2014 04:54am

Energy

Asian shares mixed, dollar breaks 110 yen mark

HONG KONG: Asian markets were mostly higher on Wednesday with Japan's Nikkei rising after a survey of business confi

Published 01 Oct, 2014 04:03am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Wednesday following sharp falls the day before, with a decline in US consumer co

Published 01 Oct, 2014 03:48am

Energy

Middle East crude DME Oman slips back in discount

SINGAPORE: DME Oman slipped back into a discount against Dubai swaps in the Middle East crude market on Tuesday, down fr

Published 30 Sep, 2014 12:49pm

Energy

Asia Pacific crude mixed; Alaskan crude headed for South Korea

SINGAPORE: The Asia-Pacific crude market was mixed on Tuesday as Alaskan crude was on its was to South Korea, adding to

Published 30 Sep, 2014 12:33pm

Energy

Thailand to raise domestic gas prices from Oct 1

BANGKOK: Thailand's military-backed government will raise prices of liquefied petroleum gas (LPG) for transportation

Published 30 Sep, 2014 08:41am

Energy

Oil prices turn higher in Asian trade

SINGAPORE: Oil prices turned higher in Asian trade Tuesday on expectations of upbeat economic data from the United State

Published 30 Sep, 2014 06:38am

Energy

Japan oil sales fall 9.7pc in August

TOKYO: Japan's oil product sales in August fell 9.7 percent from a year earlier, the Ministry of Economy, Trade and

Published 30 Sep, 2014 05:52am

Energy

Taiwan stocks drop on Hong Kong protests

TAIPEI: Taiwan stocks fell 0.88 percent on Tuesday as pro-democracy protests in Hong Kong continued to roil global marke

Published 30 Sep, 2014 04:25am

Energy

Brent crude slips back towards $97, set for third monthly drop

TOKYO: Brent crude futures edged back down towards $97 a barrel on Tuesday because of ample supplies, a lacklustre globa

Published 30 Sep, 2014 04:12am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Tuesday following a sharp rise the day before while investors await the releas

Published 30 Sep, 2014 03:39am

Energy

Middle East Crude-DME Oman flips into premium, strongest in 2 months

SINGAPORE: DME Oman flipped into a premium against Dubai swaps in the Middle East crude market on Monday, the strongest

Published 29 Sep, 2014 10:27am

Energy

Asia Pacific crude steady; PTT buys Labuan

SINGAPORE: The Asia-Pacific crude market held steady, while regional condensates were supported by demand from new split

Published 29 Sep, 2014 10:21am

Energy

Brent falls below $97 on weak Chinese data, stronger dollar

TOKYO: Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week d

Published 29 Sep, 2014 06:05am

Energy

Brent down under $97 on weak China data, stronger dollar

TOKYO: Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week d

Published 29 Sep, 2014 05:30am

Energy

Oil prices down on stronger US dollar

SINGAPORE: Oil prices eased in Asia Monday as the US dollar strengthened while dealers sat on the sidelines due to a dea

Published 29 Sep, 2014 03:25am

Energy

Vietnam's Sept crude oil output rises 3.2pc y/y

HANOI: Vietnam's crude oil production in September is estimated at 1.19 million tonnes, or 291,000 barrels per day (

Published 26 Sep, 2014 12:43pm

Energy

Middle East Crude: Oman becomes most expensive medium-sour grade

SINGAPORE: Omani crude has bucked a weak trend in the oil market, emerging as the most expensive medium-sour grade in th

Published 26 Sep, 2014 12:12pm

Energy

Oil prices rise on geopolitical concerns

SINGAPORE: Oil prices were mixed in Asia Friday as dealers focused on conflict-wracked Ukraine and US-led airstrikes aga

Published 26 Sep, 2014 08:21am

Energy

Middle East crude mixed; Basra up, Qatar Marine down

SINGAPORE: The Middle East crude market was mixed on Thursday as Indian refiners swept up the remaining Qatar Marine ava

Published 25 Sep, 2014 12:13pm

Energy

Asia Pacific crude ample supply weighs; ESPO exports to fall

SINGAPORE: The Asia-Pacific crude market was weighed by ample supply and weak demand from refiners even as profits from

Published 25 Sep, 2014 12:10pm

Energy

South Korean shares edge higher on upbeat U.S data; won lower

SEOUL: South Korean shares rose on Thursday, tracking a broad overnight rally in Wall Street triggered by upbeat U.S eco

Published 25 Sep, 2014 08:41am

Energy

Nikkei rises to fresh 7-year high as weak yen lifts risk appetite

TOKYO: Japan's Nikkei share average rose to a fresh seven-year high on Thursday as strong US economic data and conti

Published 25 Sep, 2014 07:38am

Energy

Brent steadies near $97 after bounce from lowest in over 2 years

SINGAPORE: Brent crude steadied near $97 a barrel on Thursday after bouncing from its lowest in 26 months, but abundant

Published 25 Sep, 2014 07:32am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asia Thursday but losses were capped following a surprise drawdown in US stockpiles

Published 25 Sep, 2014 04:52am

Energy

Brent slips further below $97 because of ample supply

SINGAPORE: Brent crude fell for a third day on Wednesday, slipping further below $97 a barrel as inflated supplies and w

Published 24 Sep, 2014 05:50am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Wednesday following the return of disrupted Libyan production into an already well-st

Published 24 Sep, 2014 03:57am

Energy

Middle East crude market restrained by caution from buyers

SINGAPORE: The Middle East crude market remained under pressure on Tuesday, with little activity as refiners hold back d

Published 23 Sep, 2014 12:38pm

Energy

India Reliance's Aug crude imports down 9pc on year

NEW DELHI: India's Reliance Industries, owner of the world's biggest refining complex, imported about 9 percent

Published 23 Sep, 2014 12:24pm

Energy

US oil to pause around $90.43

SINGAPORE: US oil may pause around a support at $90.43 per barrel, as indicated by its wave pattern.Oil is riding on a w

Published 23 Sep, 2014 05:47am

Energy

Brent oil to rebound into $97.68-$98.08 range

SINGAPORE: Brent oil is expected to rebound into a range of $97.68-$98.08 per barrel, as indicated by its wave pattern a

Published 23 Sep, 2014 05:44am

Energy

Brent climbs above $97 after China PMI tops forecast

SINGAPORE: Brent crude rose above $97 a barrel on Tuesday after a survey showed China's factory activity unexpectedl

Published 23 Sep, 2014 05:09am

Energy

Oil prices up after upbeat Chinese data, Syria bombing

SINGAPORE: Oil prices rose in Asia Tuesday in response to better-than-expected Chinese manufacturing data and after the

Published 23 Sep, 2014 04:03am

Energy

Middle East Crude: Upper Zakum, Qatar Marine offers weigh

SINGAPORE: Medium sour grades came under pressure in the Middle East crude market on Monday as discounts for Upper Zakum

Published 22 Sep, 2014 12:26pm

Energy

Gasoil margin slips on excess Taiwan supply

SINGAPORE: The Asian gasoil margin slipped on Monday as excess supply continued to weigh on the market with extra cargoe

Published 22 Sep, 2014 11:51am

Energy

China crude imports from Iran drop nearly 30pc on year

BEIJING: Chinese imports of crude from Iran fell nearly 30 percent from a year earlier to the lowest since October 2013,

Published 22 Sep, 2014 09:24am

Energy

Oil prices down ahead of Chinese manufacturing data

SINGAPORE: Oil prices fell in Asia Monday as dealers await key Chinese manufacturing data for clues about demand in the

Published 22 Sep, 2014 07:05am

Energy

US oil to fall towards $90.43

SINGAPORE: US oil may approach its Sept. 11 low of $90.43 per barrel, to complete a wave (b).This is the second wave of

Published 22 Sep, 2014 05:20am

Energy

Brent oil to fall into $97-$97.29 range

SINGAPORE: Brent oil may drop into a range of $97-$97.29 per barrel, as indicated by its wave pattern and a Fibonacci pr

Published 22 Sep, 2014 05:13am

Energy

Brent falls back below $98 on sluggish demand, ample supply

SINGAPORE: Brent crude fell below $98 a barrel on Monday, down for the third session in four, as sluggish demand and abu

Published 22 Sep, 2014 04:54am

Energy

Oil prices down ahead of Chinese manufacturing data

SINGAPORE: Oil prices fell in Asia Monday as dealers await key Chinese manufacturing data for clues about demand in the

Published 22 Sep, 2014 03:50am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asia Friday under pressure from a supply glut and a strengthening US dollar, analys

Published 19 Sep, 2014 04:17am

Energy

Brent oil to revisit low of $96.21

SINGAPORE: Brent oil is expected to revisit its Sept. 15 low of $96.21 per barrel, as it failed to break a resistance at

Published 18 Sep, 2014 06:47am

Energy

Japan Aug crude imports fall, thermal coal imports at record high

TOKYO: The volume of Japan's customs-cleared crude oil imports fell more than 11 percent in August from the same mon

Published 18 Sep, 2014 06:43am

Energy

Brent falls towards $98 on strong dollar, US crude stocks spike

SINGAPORE: Brent crude dropped towards $98 per barrel on Thursday, pressured by a stronger dollar on fears about a loomi

Published 18 Sep, 2014 06:10am

Energy

India's BPCL cancels 1st offers of Euro III diesel cargoes

SINGAPORE: India's Bharat Petroleum Corp Ltd (BPCL) has cancelled offers to sell its Euro III diesel cargoes for the

Published 18 Sep, 2014 06:01am

Energy

Oil prices down on US stockpiles surge, OPEC reports

SINGAPORE: Oil prices fell in Asia Thursday following an unexpected surge in US stockpiles and reports that the OPEC oil

Published 18 Sep, 2014 04:23am

Energy

Middle East crude Tasweeq sells al-Shaheen at new low

SINGAPORE: Spot differentials for Qatari al-Shaheen fell to a fresh low on Tuesday in the Middle East crude market after

Published 17 Sep, 2014 12:30pm

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Wednesday as dealers squared positions following sharp gains in the previous session

Published 17 Sep, 2014 05:34am

Energy

US oil to gain more to $96.09

SINGAPORE: US oil is expected to gain more to $96.09 per barrel, as it has cleared a resistance at $93.93.The resistance

Published 17 Sep, 2014 05:16am

Energy

Brent oil may rise more to $100.80

SINGAPORE: Brent oil may break a resistance at $99.05 per barrel and rise more to $100.80, as indicated by a Fibonacci r

Published 17 Sep, 2014 05:10am

Energy

Brent keeps gains, stays near $99 on OPEC output cut talk

SINGAPORE: Brent crude steadied below $99 per barrel on Wednesday, after staging its steepest climb in two weeks in the

Published 17 Sep, 2014 04:32am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Wednesday as dealers squared positions following sharp gains in the previous session

Published 17 Sep, 2014 03:19am

Energy

Azeri oil exports decline 1.8pc in Jan-Aug 2014

BAKU: Azerbaijan's oil exports fell 1.8 percent year on year in the first eight months of 2014, a source at the Stat

Published 16 Sep, 2014 03:19pm

Energy

Middle East crude: Al-Shaheen discounts widen in Nov

SINGAPORE: Heavy sour al-Shaheen came under pressure in the Middle East crude market on Tuesday as November cargoes were

Published 16 Sep, 2014 12:20pm

Energy

Asia-Pacific crude: Vietnamese tenders eyed

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday as traders awaited the results of Vietnamese tenders to

Published 16 Sep, 2014 12:09pm

Energy

Sinopec to start trial operation of first LNG terminal by end-Oct

BEIJING: Top Asian refiner Sinopec Corp will start trial operation of its first liquefied natural gas (LNG) terminal by

Published 16 Sep, 2014 09:22am

Energy

US oil may rebound to $94.47

SINGAPORE: US oil may break a resistance at $93.20 per barrel and rebound more to $94.47, as it seems to have stabilised

Published 16 Sep, 2014 06:16am

Energy

Brent steady below $98, capped by weak demand

SINGAPORE: Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lo

Published 16 Sep, 2014 05:54am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Tuesday following weak economic data from top energy consumers the United State

Published 16 Sep, 2014 04:11am

Energy

Middle East crude excess supply, weak China outlook weigh on prices

SINGAPORE: DME Oman's premium to Dubai edged down in the Middle East crude market on Monday as excess supply and wea

Published 15 Sep, 2014 12:48pm

Energy

Asia Pacific crude growing supply weighs

SINGAPORE: The Asia-Pacific crude market stayed under supply pressure on Monday as growing regional production faced com

Published 15 Sep, 2014 12:45pm

Energy

US oil to drop to $89.87

SINGAPORE: US oil is expected to slide to $89.87 per barrel, as it has cleared support at $91.14.The support was provide

Published 15 Sep, 2014 06:37am

Energy

Brent oil to break support at $95.96

SINGAPORE: Brent oil may break support at $95.96 per barrel and fall more to $95.41, driven by a wave (5).This is the fi

Published 15 Sep, 2014 06:36am

Energy

Indonesia expects output from Exxon Mobil's Cepu block to peak in July/Aug 2015

JAKARTA: Indonesia expects crude output from Exxon Mobil Corp's Cepu oil block to peak in July or August next year,

Published 15 Sep, 2014 06:00am

Energy

China stocks slightly lower in morning trade

SHANGHAI: Chinese stocks were slightly lower in morning trade on Monday, after data released over the weekend sparked wo

Published 15 Sep, 2014 04:33am

Energy

Oil prices fall after weak Chinese data

SINGAPORE: Oil prices fell in Asia Monday after a sharp slowdown in Chinese industrial production raised concerns about

Published 15 Sep, 2014 04:14am

Energy

China Aug crude oil throughput climbs 4.4pc on year

SHANGHAI: China's refinery throughput rose 4.4 percent in August from a year earlier to 41.39 million tonnes, or 9.7

Published 13 Sep, 2014 12:35pm

Energy

China Aug power output falls 2.2pc on year

SHANGHAI: China's power generation fell 2.2 percent in August from a year earlier, data from the country's Natio

Published 13 Sep, 2014 07:15am

Energy

China Aug crude oil throughput climbs 4.4pc

SHANGHAI: China's refinery throughput rose 4.4 percent in August from a year earlier to 41.39 million tonnes, or 9.7

Published 13 Sep, 2014 07:14am

Energy

China Aug implied oil demand up 3.4pc

SHANGHAI: China's implied oil demand in August rose 3.4 percent from a year earlier to 9.70 million barrels per day

Published 13 Sep, 2014 07:12am

Energy

Indonesia needs to raise fuel prices before March

JAKARTA: Indonesia's government needs to raise fuel prices before March and preferably in the fourth quarter of this

Published 12 Sep, 2014 06:27am

Energy

Oil prices mixed in Asia after IEA demand downgrade

SINGAPORE: Oil prices were mixed in Asia Friday after the International Energy Agency slashed its forecast for world cru

Published 12 Sep, 2014 06:06am

Energy

Oil prices down in Asia after IEA demand downgrade

SINGAPORE: Oil prices fell in Asia Friday after the International Energy Agency slashed its forecast for world crude dem

Published 12 Sep, 2014 03:48am

Energy

Asia Pacific crude demand lackluster; PV Oil seeks arbitrage

SINGAPORE: Inflows of arbitrage cargoes weighed on the Asia-Pacific crude market, while demand outlook from refineries i

Published 11 Sep, 2014 12:42pm

Energy

Middle East crude Kuwait, Iran cut OSPs

SINGAPORE: The Middle East crude market came under further pressure on Thursday after two more Gulf producers cut their

Published 11 Sep, 2014 12:31pm

Energy

Iran barters with 176 countries in 2014 first half

ISLAMABAD: During the first six months of 2014 Iran has bartered with 176 countries from around the world.Iran recorded

Published 11 Sep, 2014 08:14am

Energy

Taiwan's diesel term buyers defer cargoes on weak demand

SINGAPORE: Taiwan's diesel term buyers are opting to defer the lifting of cargoes to later dates as demand remains m

Published 11 Sep, 2014 07:51am

Energy

Kuwait cuts Oct crude OSP to Asia by $1.55/bbl

SINGAPORE: Kuwait has cut the official selling price (OSP) for its crude oil sales to Asian buyers for October to $2.35

Published 11 Sep, 2014 07:42am

Energy

Oil prices down after Obama speech on Iraq strategy

SINGAPORE: Oil prices fell in Asia Thursday after coming under pressure due to weak global demand and a supply glut even

Published 11 Sep, 2014 07:05am

Energy

US oil to hover above $91.14

SINGAPORE: US oil has found a support at $91.14 per barrel and may hover above this level for one trading day or rebound

Published 11 Sep, 2014 06:19am

Energy

Brent oil to hover above $97.65

SINGAPORE: Brent oil failed to break a support at $97.65 per barrel and may hover above this level for one day or reboun

Published 11 Sep, 2014 06:17am

Energy

Brent holds above $98 on Mideast concerns; oversupply worries cap gains

SINGAPORE: Brent crude nudged higher to stay above $98 a barrel on Thursday amid geopolitical concerns in the Middle Eas

Published 11 Sep, 2014 05:52am

Energy

CNOOC issues exploration tender, includes South China Sea blocks

BEIJING: State-run CNOOC Ltd, China's top offshore oil producer, has issued a tender inviting foreign firms to bid f

Published 11 Sep, 2014 05:41am

Energy

Middle East crude Saudi, Iraq price cuts weigh on other grades

SINGAPORE: DME Oman's discount to Dubai widened slightly in the Middle East crude market on Wednesday as deep price

Published 10 Sep, 2014 12:28pm

Energy

Asia Pacific crude new supply may weigh; Petral buys Qua Iboe

SINGAPORE: The Asia-Pacific crude market found some support from improving refining margins, but could be weighed down b

Published 10 Sep, 2014 11:59am

Energy

Brent holds above $99, but demand worries linger

TOKYO: Brent crude oil edged up to hold above $99 a barrel on Wednesday but was not far off a 16-month low hit the day b

Published 10 Sep, 2014 07:19am

Energy

Oil prices rise ahead of US stockpiles report

SINGAPORE: Oil prices rose in Asia Wednesday as dealers awaited the latest US supply report for clues about demand in th

Published 10 Sep, 2014 06:27am

Energy

Brent edges up above $99, but demand worries linger

TOKYO: Brent crude oil prices edged up to hold above $99 a barrel on Wednesday, but stood not far off a 16-month low hit

Published 10 Sep, 2014 05:56am

Energy

US crude climbs towards $93 on inventory draw down

SINGAPORE: US crude futures rose for the second straight session on Wednesday after data showed a larger than expected d

Published 10 Sep, 2014 04:24am

Energy

Oil prices rise ahead of US stockpiles report

SINGAPORE: Oil prices rose in Asia Wednesday as dealers awaited the latest US supply report for clues about demand in th

Published 10 Sep, 2014 03:21am

Energy

Middle East crude Iraq cuts October Basra Lt OSP by $1.50/bbl

SINGAPORE: The Middle East crude market softened slightly on Tuesday after Iraq cut the October official selling price (

Published 09 Sep, 2014 12:29pm

Energy

Asia Pacific crude ample supply weighs; traders consider storage

SINGAPORE: Ample supply and weak demand continued to weigh on the Asia-Pacific crude market on Tuesday, as some traders

Published 09 Sep, 2014 12:15pm

Energy

Brent slips, holds near $100 as ample supply weighs

SINGAPORE: Brent crude eased for a fourth straight session on Tuesday, with prices holding near a 16-month trough below

Published 09 Sep, 2014 08:32am

Energy

Brent slips but holds above $100 on OPEC output cut hopes

SINGAPORE: Brent crude eased for a fourth straight session on Tuesday but held above $100 a barrel after dropping below

Published 09 Sep, 2014 06:02am

Energy

Japan spot LNG contracted in August falls to $11.40/mmBtu

TOKYO: Spot liquefied natural gas (LNG) contracted in August for delivery to Japan averaged $11.40 per million British t

Published 09 Sep, 2014 05:46am

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Tuesday, coming under pressure on concerns about fragile demand, flush global s

Published 09 Sep, 2014 05:29am

Energy

Asia Pacific crude steady; Sakhalin Energy sells Vityaz

SINGAPORE: An overhang of October-loading cargoes weighed on the Asia-Pacific crude market on Monday, although improving

Published 08 Sep, 2014 01:59pm

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Monday but gains were capped as a disappointing US jobs report tempered sentiment abo

Published 08 Sep, 2014 06:02am

Energy

Oil prices down after weak US jobs report

SINGAPORE: Oil prices dipped in Asia Monday as a disappointing US jobs report tempered sentiment about demand in the wor

Published 08 Sep, 2014 03:56am

Energy

Brent oil to test support at $101.38

SINGAPORE: Brent oil is expected to test a support at $101.38 per barrel, a break below which will lead to a further los

Published 05 Sep, 2014 02:09pm

Energy

Brent holds near $102, heads for weekly drop as firm dollar hurts

SINGAPORE: Brent crude retained most of its overnight losses and steadied near $102 a barrel on Friday, heading for a th

Published 05 Sep, 2014 01:24pm

Energy

China CNOOC starts fuel exports from Huizhou refinery

BEIJING: China National Offshore Oil Corp has started oil product exports, the company said on Friday, joining oil major

Published 05 Sep, 2014 12:04pm

Energy

Oil prices up in Asia amid volatile trading

SINGAPORE: Oil prices rose in Asia Friday as dealers digested a mixed US inventory report and a new round of interest ra

Published 05 Sep, 2014 09:53am

Energy

Middle East crude Saudi Arabia cuts all OSPs by at least $1

SINGAPORE: DME Oman's discount to Dubai widened in the Middle East crude market on Wednesday amid expectations Asian

Published 04 Sep, 2014 12:28pm

Energy

China's Sinopec to push on with $10bn coal-to-gas plan

BEIJING: Sinopec Corp is pushing ahead with plans to build China's largest plant to convert coal into synthetic gas,

Published 04 Sep, 2014 08:38am

Energy

Indian ONGC's sales premium down to 2010 levels

SINGAPORE: India's Oil and Natural Gas Corp (ONGC) has sold a September naphtha cargo to Shell at about $7.00 above

Published 04 Sep, 2014 06:42am

Energy

Brent slips towards $102 on US fuel stock-build after overnight jump

SINGAPORE: Brent crude slipped towards $102 a barrel on Thursday, reversing some of the sharp overnight gains, as US ind

Published 04 Sep, 2014 06:34am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices slipped in Asian trade Thursday as dealers squared their positions after a rally spurred in part b

Published 04 Sep, 2014 06:29am

Energy

US oil may end rebound around $96.09

SINGAPORE: US oil may end its sharp rebound from the Sept. 2 low of $92.68 around resistance at $96.09 per barrel, as in

Published 04 Sep, 2014 04:33am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices slipped in Asian trade Thursday as dealers squared their positions after a rally spurred in part b

Published 04 Sep, 2014 04:27am

Energy

Brent oil to retrace to $101.38

SINGAPORE: Brent oil is expected to retrace to $101.38 per barrel, as it failed to break resistance at $103.34.The resis

Published 04 Sep, 2014 04:25am

Energy

Asia Pacific crude-PTT, Pertamina tenders in focus

SINGAPORE: The Asia-Pacific crude market held steady on Wednesday as traders await tender results from PTT and Pertamina

Published 03 Sep, 2014 12:27pm

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded on bargain-hunting in Asia Wednesday after falling to multi-month lows owing to a surge

Published 03 Sep, 2014 05:59am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Wednesday on bargain-hunting after falling to multi-month lows due to a surge in

Published 03 Sep, 2014 04:08am

Energy

Ecopetrol tenders to buy a gasoline cargo for Sept-Oct

HOUSTON: Colombia's state-run Ecopetrol has launched a tender to buy a 195,000-200,000 barrel cargo of gasoline RON

Published 02 Sep, 2014 09:05pm

Energy

Asia Pacific crude steady, refining margins support

SINGAPORE: The Asia-Pacific crude market held steady on Tuesday with most October-loading cargoes sold out.Traders said

Published 02 Sep, 2014 12:50pm

Energy

Oil prices down after weak China, Europe data

SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China a

Published 02 Sep, 2014 06:02am

Energy

Brent crude steady below $103; Libya unrest offsets demand concerns

SINGAPORE: Brent crude held steady below $103 a barrel on Tuesday, with new unrest in OPEC oil producer Libya balanced b

Published 02 Sep, 2014 05:03am

Energy

Brent oil to seek support at $102.43

SINGAPORE: Brent oil may seek support at $102.43 per barrel, a break below which will lead to a further loss to $101.91.

Published 02 Sep, 2014 04:35am

Energy

Oil prices mixed after weak China, Europe data

SINGAPORE: Oil prices were mixed in Asia Tuesday following disappointing manufacturing data out of top energy consumer C

Published 02 Sep, 2014 03:24am

Energy

Middle East crude Saudi likely to cut OSPs on weak demand

SINGAPORE: The Middle East crude market held steady on Monday ahead of the release of monthly prices from Gulf producers

Published 01 Sep, 2014 12:54pm

Energy

Brent holds above $103; China data weighs

SINGAPORE: Brent crude held steady above $103 a barrel on Monday, as a recent rebound in oil prices was checked by fresh

Published 01 Sep, 2014 04:59am

Energy

US crude edges lower, China econ data in focus

SINGAPORE: US crude futures edged lower on Monday, following gains in the previous four sessions on strong economic data

Published 01 Sep, 2014 04:32am

Energy

Brent oil may rise into $103.96-$104.64 range

SINGAPORE: Brent oil may rise into a range of $103.96-$104.64 per barrel as its rebound from the Aug. 19 low of $101.07

Published 01 Sep, 2014 04:31am

Energy

Dubai crude Aug average falls to 14-month low at $101.73/bbl

SINGAPORE: Dubai crude, as quoted by price-reporting agency Platts, averaged $101.73 a barrel for August, traders said o

Published 01 Sep, 2014 04:10am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in muted Asian trade Monday ahead of a public holiday in the United States and as deale

Published 01 Sep, 2014 03:23am

Energy

Oil prices up on Ukraine tensions, rosy US data

SINGAPORE: Oil prices rose in Asia Friday supported by renewed Russia-Ukraine tensions and upbeat US economic data, anal

Published 29 Aug, 2014 04:41am

Energy

Middle East crude Oman weakens despite uptick in refining margins

SINGAPORE: The Middle East crude market weakened on Thursday as abundant supply and weak demand continued to weigh on th

Published 28 Aug, 2014 01:19pm

Energy

Asia Pacific crude brent/Dubai gap narrows; ESPO steady

SINGAPORE: The Asia-Pacific crude market held steady on Thursday, although differentials could find support from Brent&#

Published 28 Aug, 2014 01:13pm

Energy

CNOOC H1 net profit falls 2.3pc, beats estimates

HONG KONG: State-run Chinese offshore oil and gas producer CNOOC Ltd reported a 2.3 percent drop in its first-half net p

Published 28 Aug, 2014 09:27am

Energy

Japan's JX plans Sept crude refining down 5pc y/y

TOKYO: Japan's top oil refiner JX Nippon Oil & Energy Corp said on Thursday it would refine 1.01 million barrels

Published 28 Aug, 2014 07:07am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices moved lower in Asia Thursday as dealers look ahead to fresh US economic data for clues about deman

Published 28 Aug, 2014 06:17am

Energy

Brent hovers below $103 as ample supply weighs

SINGAPORE: Brent crude dipped on Thursday, but still held between $102 and $103 a barrel, as expectations of ample suppl

Published 28 Aug, 2014 04:34am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices moved lower in Asia Thursday as dealers looked ahead to fresh US economic data for clues about dem

Published 28 Aug, 2014 03:20am

Energy

Middle East crude steady; focus shifts to ESPO

SINGAPORE: The Middle East crude market held steady on Wednesday as buyers stayed on the sidelines due to lacklustre dem

Published 27 Aug, 2014 12:15pm

Energy

Asia Pacific crude arbitrage weighs; Northwest Shelf steady

SINGAPORE: Inflows of arbitrage cargoes continued to weigh on the Asia-Pacific crude market on Wednesday, although deman

Published 27 Aug, 2014 12:06pm

Energy

Brent nudges up near $103, recovers from 14-month low

SINGAPORE: Brent crude nudged up towards $103 a barrel on Wednesday, recovering from a 14-month low hit last week althou

Published 27 Aug, 2014 05:48am

Energy

Asia Naphtha: India's BPCL sales price dives to over 2-1/2 year low

SINGAPORE: India's Bharat Petroleum Corp Ltd (BPCL) has sold a September naphtha cargo at about $12 a tonne above Mi

Published 27 Aug, 2014 05:44am

Energy

Oil prices up ahead of US stockpiles report

SINGAPORE: Oil prices rose in Asia Wednesday as dealers await the latest US stockpiles report for clues about demand in

Published 27 Aug, 2014 04:23am

Energy

Oil prices up in Asia

SINGAPORE: Oil prices rose in Asia Tuesday as dealers await the release of a batch of US economic data for clues on whet

Published 26 Aug, 2014 03:38am

Energy

China's end-July commercial crude stocks up 5.8pc on month

BEIJING: China's commercial crude oil inventories at the end of July rose 5.8 percent from the previous month as ref

Published 25 Aug, 2014 08:22am

Energy

Sinopec expects China shale drilling costs to drop to $50mn per well from $80mn

HONG KONG: State-run oil company Sinopec Corp said on Monday it expects shale drilling costs in China to drop to $50 mil

Published 25 Aug, 2014 08:16am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Monday on a stronger dollar as investors digested Federal Reserve chief Janet

Published 25 Aug, 2014 06:10am

Energy

Brent edges down near $102 as supply, dollar weigh

SINGAPORE: Brent crude dipped towards $102 a barrel on Monday as ample supply and a stronger US dollar continued to pres

Published 25 Aug, 2014 05:54am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Monday on a stronger dollar as investors digested Federal Reserve chief Janet

Published 25 Aug, 2014 04:26am

Energy

Kuwait to boost oil exports to China to 500,000 bpd in three years

DUBAI: Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years,

Published 23 Aug, 2014 12:18pm

Energy

Sinopec Q2 earnings rise 36pc, beat forecast

HONG KONG: Sinopec Corp, Asia's largest refiner, posted a 36 percent rise in second-quarter profit, beating forecast

Published 22 Aug, 2014 03:01pm

Energy

Taiwan stocks rise following overseas markets; July jobless rate improves

TAIPEI: Taiwan stocks gained slightly on Friday, following cues from overseas markets.As of 0125 GMT, the main TAIEX ind

Published 22 Aug, 2014 12:56pm

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices rose in Asia Friday but gains were capped by downbeat Chinese manufacturing data and the low likel

Published 22 Aug, 2014 07:48am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asia Friday as dealers digested downbeat Chinese manufacturing data and tracked the

Published 22 Aug, 2014 03:46am

Energy

Middle East crude Qatar Marine discount slips to 5-month low

SINGAPORE: The spot differential for Qatar Marine hit a five-month low on Thursday as ample supply and weak demand in As

Published 21 Aug, 2014 12:17pm

Energy

Asia Pacific crude weaker; less West African cargoes seen

SINGAPORE: Differentials in the Asia-Pacific crude market continued to slide on Thursday amid ample supply and weak dema

Published 21 Aug, 2014 12:09pm

Energy

ADNOC offers condensate ahead of refinery maintenance

SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has offered condensate for October-loading in a rare move ahead of a planne

Published 21 Aug, 2014 06:42am

Energy

Oil prices down as supply fears fade`

SINGAPORE: Oil prices edged lower in Asia Thursday on fading fears that conflicts in crude producers Libya and Iraq coul

Published 21 Aug, 2014 06:28am

Energy

Brent drops below $102, near 14-month low, on China concerns

SINGAPORE: Brent slipped below $102 a barrel on Thursday, near a 14-month low hit earlier this week, as concerns over ex

Published 21 Aug, 2014 05:56am

Energy

Brent edges down to $102, near 14-month low, on China concerns

SINGAPORE: Brent edged down toward $102 a barrel on Thursday, near the 14-month low hit earlier this week, as concerns o

Published 21 Aug, 2014 04:35am

Energy

Oil prices down on fading supply fears

SINGAPORE: Oil prices edged lower in Asia Thursday on fading fears that conflicts in crude producers Libya and Iraq coul

Published 21 Aug, 2014 03:55am

Energy

Mideast crude pushed into deep discounts by African, LATAM supply

SINGAPORE: Crude cargoes from Africa and Latin America heading to Asia are butting up against Middle East supply, pushin

Published 20 Aug, 2014 12:28pm

Energy

Asia Pacific crude weaker; Labuan premium falls

SINGAPORE: The Asia-Pacific crude market continued to weaken on Wednesday as the premium for Malaysia's Labuan crude

Published 20 Aug, 2014 12:15pm

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Wednesday as investors await the release of US Federal Reserve minutes from its

Published 20 Aug, 2014 06:49am

Energy

Japan July crude import volume down 2.7pc

TOKYO: Japan's customs-cleared crude oil imports fell 2.7 percent in July from the same month a year earlier, the Mi

Published 20 Aug, 2014 04:46am

Energy

Brent holds near 14-month low on plentiful supply

SINGAPORE: Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting

Published 20 Aug, 2014 04:40am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in

Published 19 Aug, 2014 06:29am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in

Published 19 Aug, 2014 05:09am

Energy

Brent falls below $103/barrel on easing geopolitical risks

SINGAPORE/LONDON: Brent crude fell more than $1 to trade below $102.5 a barrel on Monday, as the threat of wider conflic

Published 18 Aug, 2014 12:29pm

Energy

South Korea running out of spent nuclear fuel storage space

SEOUL: South Korea needs to quickly find additional space where it can store its spent nuclear fuel because some of its

Published 18 Aug, 2014 08:27am

Energy

Asia Naphtha: Kuwait sells prompt cargo; premium slumps

SINGAPORE: Kuwait Petroleum Corp (KPC) has sold a prompt naphtha cargo to Vitol at about $6 a tonne above Middle East qu

Published 18 Aug, 2014 07:59am

Energy

Shangai stock index hits 8-month high despite worries over economy

SHANGHAI: China's stock indexes rose on Monday, with the Shanghai Composite Index touching its highest in eight mont

Published 18 Aug, 2014 07:11am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday, but retained support from the latest round of tensions between Ukrain

Published 18 Aug, 2014 06:18am

Energy

Brent falls below $103 on higher Libyan output, lower geopolitical risk

SINGAPORE: Brent crude fell below $103 a barrel on Monday as Libya increased its oil output and as worries over supply f

Published 18 Aug, 2014 05:27am

Energy

Asia Naphtha: South Korea's KPIC seeks cargoes for Oct '14 to Dec '15

SINGAPORE: Korea Petrochemical Ind Co Ltd (KPIC) is the latest to join a string of petrochemical firms in South Korea in

Published 18 Aug, 2014 05:22am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday, but retained support from the latest round of tensions between Ukrain

Published 18 Aug, 2014 03:51am

Energy

Brent stays near 13-month low below $103

SINGAPORE: Brent crude edged up on Friday, helped by weakness in the dollar, but it remained near a 13-month low below $

Published 15 Aug, 2014 02:28pm

Energy

Global LNG: Asian prices edge higher on signs of pick-up in demand

SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose for the second straight week amid signs demand may pick up

Published 15 Aug, 2014 11:40am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat glo

Published 15 Aug, 2014 06:37am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat glo

Published 15 Aug, 2014 05:55am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia Thursday following a surprise increase in US commercial crude-oil stockpiles and a sl

Published 14 Aug, 2014 08:00am

Energy

Brent oil to retrace to $103.43

SINGAPORE: Brent oil faces a resistance at $104.08 per barrel and may retrace moderately to $103.43.The resistance is pr

Published 14 Aug, 2014 06:36am

Energy

Brent falls below $104 after brief recovery from 13-month low

SINGAPORE: Brent crude fell below $104 a barrel on Thursday, after briefly bouncing in the previous day off a 13-month l

Published 14 Aug, 2014 06:02am

Energy

Oil prices mixed after IEA slashes demand forecast

SINGAPORE: Oil prices were mixed in Asia Wednesday after the International Energy Agency slashed its demand outlook for

Published 13 Aug, 2014 01:45pm

Energy

China's July implied oil demand falls 6pc from June

BEIJING: China's implied oil demand dropped 6 percent in July from June as crude runs fell slightly and the world&#3

Published 13 Aug, 2014 01:05pm

Energy

Asia Pacific crude steady; Brent's premium to Dubai falls below $1

SINGAPORE: The Asia-Pacific crude market held steady on Wednesday as trading for October-loading cargoes was slow to beg

Published 13 Aug, 2014 12:19pm

Energy

Middle East crude Oman weakens as supply rises

SINGAPORE: The Middle East crude market weakened on Wednesday with Oman slipping into a wider discount against Dubai as

Published 13 Aug, 2014 12:18pm

Energy

Oil prices mixed after IEA slashes demand forecast

SINGAPORE: Oil prices were mixed in Asia Wednesday after the International Energy Agency slashed its demand outlook for

Published 13 Aug, 2014 08:16am

Energy

Oil prices extends losses after IEA slashes demand forecast

SINGAPORE: Oil prices extended losses in Asia Wednesday after the International Energy Agency slashed it demand outlook

Published 13 Aug, 2014 04:30am

Energy

Middle East crude Oman stays in discount amid ample supply

SINGAPORE: DME Oman remained at a discount to Dubai swaps in a subdued Middle East crude market on Tuesday.Weak refining

Published 12 Aug, 2014 12:03pm

Energy

Asia Pacific crude brent/Dubai spread hits lowest in more than 4 years

SINGAPORE: The Asia-Pacific crude market was supported on Tuesday as Brent's premium to Dubai crude dropped to its l

Published 12 Aug, 2014 12:01pm

Energy

China's natural gas price reform on track after fresh hike

BEIJING: China will raise natural gas prices for bulk buyers and non-residential use from Sept. 1, putting price reform

Published 12 Aug, 2014 11:35am

Energy

Sinopec refinery cuts crude runs 200,000 tonnes for August

BEIJING: Chinese state energy giant Sinopec is temporarily cutting production at one of its refineries to reduce emissio

Published 12 Aug, 2014 08:35am

Energy

Oil prices down on ebbing supply fears

SINGAPORE: Oil prices fell in Asia Tuesday on easing concerns about supply disruptions arising out of conflicts in Ukrai

Published 12 Aug, 2014 06:30am

Energy

Oil prices down on ebbing supply fears

SINGAPORE: Oil prices fell in Asia Tuesday on easing concerns about supply disruptions arising out of conflicts in Ukrai

Published 12 Aug, 2014 03:51am

Energy

Middle East crude Oman slips back into discount

SINGAPORE: The Middle East crude market weakened on Monday with DME Oman slipping back to a discount against Dubai, whil

Published 11 Aug, 2014 12:16pm

Energy

Brent slips below $105, Iraq oil output steady amid conflict

SINGAPORE: Brent crude slipped under $105 a barrel on Monday, dropping from a one-week high hit on Friday, as US interve

Published 11 Aug, 2014 07:17am

Energy

Oil prices higher as eyes on Iraq

SINGAPORE: Oil prices rose in Asia Monday as dealers monitor sustained US air strikes on extremist militants in Iraq who

Published 11 Aug, 2014 06:12am

Energy

Oil prices higher amid Iraq focus

SINGAPORE: Oil prices rose in Asia Monday as dealers monitor sustained US air strikes on extremist militants in Iraq who

Published 11 Aug, 2014 05:30am

Energy

Middle East crude ample supply outweighs Iraq tensions

SINGAPORE: The Middle East crude market held steady on Friday as ample supply outweighed heightened tensions in Iraq.Dub

Published 08 Aug, 2014 10:27am

Energy

Oil prices up after Obama authorises Iraq air strikes

SINGAPORE: Oil prices rose in Asia Friday after US President Barack Obama said he had authorised air strikes against Sun

Published 08 Aug, 2014 07:00am

Energy

Brent rises more than $1 to near $107 as US approves air strikes on Iraq

SINGAPORE: Oil prices on both sides of the Atlantic rose more than $1 on Friday, with Brent nearing $107 a barrel after

Published 08 Aug, 2014 05:40am

Energy

China July crude oil imports down 9pc on year

BEIJING: China's crude imports fell 9 percent in July from a year ago, hitting the lowest daily level since March, a

Published 08 Aug, 2014 05:37am

Energy

Middle East crude Oman improves despite gloomy outlook

SINGAPORE: The Middle East crude market strengthened on Thursday, with DME Oman back at a premium to Dubai, although amp

Published 07 Aug, 2014 11:51am

Energy

Asian markets mostly dip, as European woes grow

HONG KONG: Asian stocks mostly dipped Wednesday, as concerns over the European economy and international conflicts grew.

Published 07 Aug, 2014 08:54am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell further in Asia Thursday on ebbing fears about armed conflicts around the world and concerns

Published 07 Aug, 2014 08:08am

Energy

India Essar to shut 40,000 bpd crude unit for 7 days in Aug second half

NEW DELHI: India's Essar Oil will shut a 40,000-barrel-per-day unit at its Vadinar refinery for a week for maintenan

Published 07 Aug, 2014 06:22am

Energy

Brent climbs toward $105 supported by US inventory data, Ukraine conflict

SINGAPORE: Brent crude rose from near four-month lows toward $105 a barrel on Thursday, supported by a decline in US oil

Published 07 Aug, 2014 04:58am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher in Asia Thursday but remained under pressure over ebbing fears about armed conflicts

Published 07 Aug, 2014 04:05am

Energy

Middle East crude Saudi Arabia, Abu Dhabi cut OSPs

SINGAPORE: The Middle East crude market gained some support after Saudi Arabia and Abu Dhabi cut monthly prices slightly

Published 06 Aug, 2014 12:39pm

Energy

Oil prices up ahead of US stockpiles report

SINGAPORE: Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid d

Published 06 Aug, 2014 06:17am

Energy

Tokyo stocks close down 1.05pc

TOKYO: Tokyo stocks fell 1.05 percent Wednesday after a sharp sell-off on Wall Street, with SoftBank shares dropping on

Published 06 Aug, 2014 06:16am

Energy

Brent rebounds to $105; US oil stocks eyed

SINGAPORE: Brent crude rose to around $105 a barrel on Wednesday, bouncing off a nine-month low hit in the previous sess

Published 06 Aug, 2014 03:46am

Energy

Oil prices up ahead of US stockpiles report

SINGAPORE: Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid d

Published 06 Aug, 2014 03:45am

Energy

Middle East crude weak; Oman stays in discount

SINGAPORE: The Middle East crude market remained weak on Tuesday with DME Oman's differential to Dubai swaps staying

Published 05 Aug, 2014 12:15pm

Energy

Oil prices up on reviving Middle East supply fears

SINGAPORE: Oil prices rose in Asia Tuesday on fresh fears of supply disruptions in the Middle East, analysts said. US be

Published 05 Aug, 2014 06:26am

Energy

US oil neutral in $97.37-$98.53 range

SINGAPORE: US September oil looks neutral in a range of $97.37 -$98.53 per barrel, and an escape will point a direction.

Published 05 Aug, 2014 05:46am

Energy

Brent holds steady above $105 on geopolitical tension ahead of inventory data

SINGAPORE: Brent held steady above $105 a barrel on Tuesday despite ample crude supplies, supported by political tension

Published 05 Aug, 2014 04:48am

Energy

Oil prices up on reviving Middle East supply fears

SINGAPORE: Oil prices rose in Asia Tuesday on reviving fears of supply disruptions in the Middle East, analysts said. US

Published 05 Aug, 2014 03:56am

Energy

Asia-Pacific crude Brent/Dubai gap near 4-year low; Sokol weaker

SINGAPORE: Brent's premium to Dubai crude fell to the lowest in nearly four years, while differentials for Sokol cru

Published 04 Aug, 2014 12:14pm

Energy

Middle East crude Dubai linked grades under pressure

SINGAPORE: Dubai-linked crude grades, such as Russian Sokol, came under pressure in Asia on Monday after the spread betw

Published 04 Aug, 2014 12:06pm

Energy

Japan's Hiroshima Gas to buy LNG from Osaka Gas

TOKYO: Japan's Hiroshima Gas Co said it has agreed to buy 50,000 to 130,000 tonnes per year of liquefied natural gas

Published 04 Aug, 2014 05:48am

Energy

Brent edges up to $105 but surplus oil still weighs on prices

SINGAPORE: Brent crude rose to $105 a barrel on Monday to come off of a four-month low hit in the previous session, with

Published 04 Aug, 2014 05:35am

Energy

India ONGC sales premium falls as tight supply eases

SINGAPORE: India's Oil and Natural Gas Corp (ONGC) has sold a late August naphtha cargo at close to $23 a tonne abov

Published 04 Aug, 2014 05:27am

Energy

Oil price up in Asian trade

SINGAPORE: Oil prices rose in Asia Monday, but analysts said gains were capped following weakened demand caused by refin

Published 04 Aug, 2014 03:53am

Energy

Oil prices fall further in Asia

SINGAPORE: Oil prices fell further in Asia Friday following a sell-off on Wall Street and concerns about unplanned refin

Published 01 Aug, 2014 12:20pm

Energy

Middle East crude Oman rises above Brent in thin trade

SINGAPORE: DME Oman crude futures rose above ICE Brent in a rare move for the Middle East marker on Thursday, the last t

Published 31 Jul, 2014 12:13pm

Energy

Brent slips toward $106 as US fuel demand disappoints

SINGAPORE: Brent crude slipped towards $106 a barrel on Thursday and was set to post its biggest monthly loss in more th

Published 31 Jul, 2014 07:26am

Energy

Oil prices extend losses in Asian trade

SINGAPORE: Oil prices tumbled further in Asia Thursday as concerns eased that fresh Western sanctions on Russia over Ukr

Published 31 Jul, 2014 05:39am

Energy

Brent slips near $108 as Mideast tension cools on Gaza lull

SINGAPORE: Brent crude slipped near $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subs

Published 28 Jul, 2014 11:10am

Energy

Oil prices drift lower in Asia

TOKYO: Oil prices dipped in Asian trade Monday ahead of the release of US economic growth and jobs data later in the wee

Published 28 Jul, 2014 07:36am

Energy

Brent slips below $108 as Mideast tension cools on Gaza lull

SINGAPORE: Brent crude slipped below $108 a barrel on Monday as fighting between Israel and Hamas militants subsided in

Published 28 Jul, 2014 04:02am

Energy

Japan offers Mexican crude from strategic reserves

TOKYO: Japan's trade ministry on Monday issued a tender offering a total 1.89 million barrels (about 300,000 kilolit

Published 28 Jul, 2014 03:28am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday as soft gasoline demand in the United States offset upbeat manufacturing

Published 25 Jul, 2014 07:12am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday as soft gasoline demand in the United States offset upbeat manufacturing

Published 25 Jul, 2014 05:44am

Energy

Oil prices turn lower in Asian trade

SINGAPORE: Oil prices turned lower in Asia Thursday as investors took a breather from gains that came after the United S

Published 24 Jul, 2014 07:05am

Energy

Brent steady above $108, supported by China factory activity

SINGAPORE: Brent crude was steady above $108 a barrel on Thursday, holding on to the previous day's gains, after a s

Published 24 Jul, 2014 04:36am

Energy

US oil to retrace to $102

SINGAPORE: US September oil is expected to break support at $102.66 and retrace further to $102 per barrel, as indicated

Published 24 Jul, 2014 03:45am

Energy

Brent to retrace to $107.06

SINGAPORE: Brent oil may retrace to a support at $107.06 per barrel, as its correction from the July 18 high of $108.62

Published 24 Jul, 2014 03:43am

Energy

China end-June crude stocks down 2.3pc on month

BEIJING: China's commercial crude oil inventories at the end of June fell 2.3 percent from the previous month, while

Published 24 Jul, 2014 03:25am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Thursday after the United States reported a large decline in its crude inventories, i

Published 24 Jul, 2014 03:03am

Energy

India's Jan-June Iran oil imports climb by a third: trade

NEW DELHI: India's crude imports from Iran rose by a third in the first half of the year, data from trade sources sh

Published 23 Jul, 2014 10:53am

Energy

Asia Pacific crude trade slows as excess African supply weighs

SINGAPORE: Sweet grades were slow to move in the Asia-Pacific crude market on Wednesday, depressed by the prospect of ex

Published 23 Jul, 2014 10:38am

Energy

Oil extends losses in Asian trade

SINGAPORE: Oil prices extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-price

Published 23 Jul, 2014 06:24am

Energy

Brent holds steady above $107; US oil stocks in focus

SINGAPORE: Brent crude nudged lower but held above $107 a barrel on Wednesday, with a global oil glut keeping prices in

Published 23 Jul, 2014 05:46am

Energy

Oil extends losses in Asian trade

SINGAPORE: Oil extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commo

Published 23 Jul, 2014 04:14am

Energy

Brent oil signals mixed

SINGAPORE: Signals are mixed for Brent oil and will be clearer only when the contract leaves a neutral range of $107.06-

Published 23 Jul, 2014 03:54am

Energy

Brent holds above $107; focus on Ukraine, US stockpiles

SINGAPORE: Brent crude held steady above $107 a barrel on Tuesday, supported by escalating geopolitical tension over Ukr

Published 22 Jul, 2014 11:29am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Tuesday against the backdrop of geopolitical tensions fuelled by a warning of tougher

Published 22 Jul, 2014 05:00am

Energy

Brent holds above $107 as investors focus on Ukraine tension

SINGAPORE: Brent crude dipped on Monday but held above $107 a barrel as investors kept an eye on the intensifying geopol

Published 21 Jul, 2014 11:15am

Energy

China's June crude imports from Iran up 38pc y/y

BEIJING: China's crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments wer

Published 21 Jul, 2014 11:10am

Energy

Brent steady above $107 as investors focus on Ukraine tension

SINGAPORE: Brent crude held steady above $107 a barrel on Monday, with investors watching an intensifying geopolitical c

Published 21 Jul, 2014 05:30am

Energy

Brent oil to slide to $106

SINGAPORE: Brent oil may continue to slide further to $106 per barrel, to fill a gap on the hourly chart that formed on

Published 21 Jul, 2014 03:42am

Energy

South Korea shares, won edge up as geopolitical tensions ease

SEOUL: South Korean shares and the won edged up on Monday as geopolitical tensions eased somewhat, with riskier assets g

Published 21 Jul, 2014 03:34am

Energy

ONGC reports gas leak from well being drilled off west coast

NEW DELHI: India's largest explorer Oil and Natural Gas Corp (ONGC) has marginally cut oil output from the country&#

Published 19 Jul, 2014 11:03pm

Energy

Middle East Crude: Condensate steady on Korea demand

SINGAPORE: Qatari condensate premiums held steady in the Middle East crude market on Friday, supported by robust demand

Published 18 Jul, 2014 12:44pm

Energy

Geopolitical woes send oil prices higher in Asia

SINGAPORE: Oil prices rose in Asia on Friday after a Malaysia Airlines plane came down in war-ravaged Ukraine and Israel

Published 18 Jul, 2014 05:40am

Energy

Oil prices up on US demand hopes

SINGAPORE: Oil prices extended gains in Asia Thursday after a bullish US stockpiles report raised hopes of resurgent dem

Published 17 Jul, 2014 05:26am

Energy

Brent holds above $107 on US crude draw, China data

SINGAPORE: Brent futures held above $107 a barrel on Thursday as a sharp drop in US crude stockpiles and promising econo

Published 17 Jul, 2014 04:36am

Energy

Oil edges up on China growth, demand figures

SINGAPORE/LONDON: Brent crude prices edged up above $106.50 a barrel on Wednesday as data from China showed its economy

Published 16 Jul, 2014 11:05am

Energy

August fuel oil arbitrage to Asia to hit 6-month low

SINGAPORE: Fuel oil supply slated to arrive in Asia in August from the West is expected to fall to its lowest level sinc

Published 16 Jul, 2014 10:29am

Energy

Brent edges above $106 on China growth, oil demand figures

SINGAPORE: Brent crude climbed above $106 a barrel on Wednesday as data from China showed its economy grew faster than e

Published 16 Jul, 2014 04:27am

Energy

Brent oil to end rebound around $106.73

SINGAPORE: Brent oil is expected to end its current rebound from $104.39 around a resistance at $106.73 per barrel, as i

Published 16 Jul, 2014 03:11am

Energy

China's June implied oil demand rises 2.6pc on year

BEIJING: China's implied oil demand in June rose 2.6 percent from a year earlier to 10.2 million barrels per day (bp

Published 16 Jul, 2014 03:07am

Energy

Oil prices down ahead of Yellen testimony

SINGAPORE: Oil prices fell in Asia Tuesday as investors await congressional testimony by the US central bank chief for f

Published 15 Jul, 2014 08:04am

Energy

Oil prices mixed ahead of Yellen testimony

SINGAPORE: Oil prices were mixed in Asia Tuesday as investors await congressional testimony by the US central bank chief

Published 15 Jul, 2014 04:58am

Energy

Brent oil may remain above $105.98

SINGAPORE: Brent oil seems to have stabilised around a support at $105.98 per barrel, and may remain above it or rebound

Published 15 Jul, 2014 03:27am

Energy

ZTE shares set to open up 3.2pc after raising H1 profit forecasts

HONG KONG: Shares of Chinese telecom equipment maker ZTE Corp were set to open up 3.2 percent in Hong Kong on Tuesday af

Published 15 Jul, 2014 03:27am

Energy

South Korea June Iran oil import up; Jan-June import down

SEOUL: South Korea's imports of crude from Iran rose by 7 percent in June from a year ago but its oil shipments from

Published 15 Jul, 2014 03:21am

Energy

Brent holds above $106 as Libya, Iraq violence renews supply worries

SINGAPORE: Brent crude held steady above $106 a barrel on Monday, hovering just off three-month lows, as the potential f

Published 14 Jul, 2014 11:14am

Energy

Brent rises to near $107 as Libya, Iraq violence renews supply worries

SINGAPORE: Brent crude bounced off of three-month lows on Monday to near $107 a barrel as the potential for renewed supp

Published 14 Jul, 2014 05:48am

Energy

Brent oil to test support at $105.98

SINGAPORE: Brent oil may slide to $105.98 per barrel, following its break below a support at $107.84.The support was pro

Published 14 Jul, 2014 04:55am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil rebounded in Asia Monday on bargain hunting following sharp falls last week stoked by the prospect of a r

Published 14 Jul, 2014 04:05am

Energy

Middle East Crude: DME Oman's premium slips to more than 2-week low

SINGAPORE: The Middle East crude market softened on Friday with DME Oman's premium to Dubai down for the seventh ses

Published 11 Jul, 2014 11:58am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asia Friday as fears recede about major supply disruptions in the Middle East, anal

Published 11 Jul, 2014 06:26am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday as fears recede about major supply disruptions in the Middle East, analy

Published 11 Jul, 2014 05:23am

Energy

Brent hits 1-month low near $108, weak US gasoline demand hurts

SINGAPORE: Brent crude dropped to a one-month low near $108 a barrel on Thursday, extending its longest losing streak in

Published 10 Jul, 2014 11:21am

Energy

China June oil, copper, iron ore imports fall for 2nd month

SHANGHAI: China's imports of crude oil, copper and iron ore fell for a second month in June as factors including unf

Published 10 Jul, 2014 11:09am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices fell in Asia Thursday following a mixed US supply report and easing concerns over tensions in the

Published 10 Jul, 2014 05:56am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices fell in Asia Thursday following a mixed US supply report and easing concerns over tensions in the

Published 10 Jul, 2014 05:01am

Energy

Brent-Dubai crude spread falls to eight-month low

SINGAPORE: Brent's premium to Dubai crude fell to its lowest in eight months on Wednesday as the European benchmark

Published 09 Jul, 2014 11:10am

Energy

South Korea's SK Energy shuts secondary unit at Ulsan due to fire

SEOUL: South Korea's top refiner SK Energy has shut a residue hydrodesulfurization unit (RHDS) following a small fir

Published 09 Jul, 2014 05:57am

Energy

Vietnam index up 0.1pc at midday, select buying

HANOI: Vietnam's benchmark VN Index edged up 0.11 percent at Wednesday's break, on track for a sixth straight ga

Published 09 Jul, 2014 05:27am

Energy

Petronas sets July crude price factor at $6.50/bbl

SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for July at $6.50 per barrel,

Published 09 Jul, 2014 04:31am

Energy

Brent falls below $109 as Libya restarts oilfield

SINGAPORE: Brent crude fell below $109 a barrel on Wednesday as Libya restarted an oilfield, on track to drop for an eig

Published 09 Jul, 2014 04:24am

Energy

Oil prices down ahead of US stockpiles report

SINGAPORE: Oil prices edged lower in Asia Wednesday as dealers await the latest US stockpiles report for clues about dem

Published 09 Jul, 2014 04:16am

Energy

China shares fall on weakness in financial firms

HONG KONG: China shares slipped by midday on Tuesday on weakness in financial firms, but pared losses after some propert

Published 08 Jul, 2014 05:31am

Energy

Oil prices down on easing Middle East supply concerns

SINGAPORE: Oil prices eased in Asia Tuesday as dealers await the resumption of disrupted Libyan crude exports, while ebb

Published 08 Jul, 2014 05:03am

Energy

Brent falls to near $110, heads for 7th straight loss

SINGAPORE: Brent crude edged towards $110 a barrel on Tuesday, trading close to its lowest in nearly a month, as fears o

Published 08 Jul, 2014 04:16am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Monday as dealers balance easing concerns about the militant insurgency in Iraq

Published 07 Jul, 2014 06:54am

Energy

India Essar says 400,000 bpd refinery running at half capacity

NEW DELHI: India's Essar Oil is operating its 400,000 barrels per day (bpd) refinery at Vadinar at half of its capac

Published 07 Jul, 2014 04:58am

Energy

US oil still targets $103.24

SINGAPORE: A bearish target at $103.24 per barrel remains unchanged for US oil, as indicated by a Fibonacci retracement

Published 07 Jul, 2014 04:01am

Energy

Brent trades near 3 week low just above $110; Libya could boost supply

SINGAPORE: Brent crude prices hovered near a three-week low just above $110 a barrel on Monday, hurt by a potential rise

Published 07 Jul, 2014 03:59am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Friday as profit-taking set in after rallying in response to a strong US jobs r

Published 04 Jul, 2014 05:55am

Energy

Brent dips to 3-week low below $111, Libya says oil crisis over

SINGAPORE: Brent futures dipped below $111 a barrel on Thursday as supply fears eased after Libya declared an end to an

Published 03 Jul, 2014 11:44am

Energy

Oil extends losses on return of Libyan supplies

SINGAPORE: Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global ma

Published 03 Jul, 2014 06:25am

Energy

Oil extends losses on return of Libyan supplies

SINGAPORE: Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global ma

Published 03 Jul, 2014 04:39am

Energy

Oil prices up ahead of US supply report

SINGAPORE: Oil prices edged higher in Asia Wednesday as dealers await the release of a US stockpiles report for clues ab

Published 02 Jul, 2014 06:03am

Energy

Oil prices mixed ahead of US supply report

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers await the release of a US stockpiles report for clues abou

Published 02 Jul, 2014 05:28am

Energy

Middle East crude Saudi Aug OSPs to drop on weak Dubai

SINGAPORE: The Middle East crude market held steady on Tuesday as traders eyed new monthly official selling prices (OSPs

Published 01 Jul, 2014 11:36am

Energy

Indonesia to sell 18 Bontang LNG cargoes to BP Trading

JAKARTA: Indonesia's energy regulator said on Tuesday it agreed to sell 18 cargoes of liquefied natural gas (LNG) fr

Published 01 Jul, 2014 06:53am

Energy

Oil prices rise on weak dollar

SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on con

Published 01 Jul, 2014 06:10am

Energy

Oil prices rise on weak dollar

SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on con

Published 01 Jul, 2014 05:30am

Energy

Japan's oil imports from Iran drop 23.7 percent in May

TOKYO: Japan's crude oil imports from Iran in May fell 23.7 percent from a year earlier to 181,892 barrels per day (

Published 30 Jun, 2014 11:25am

Energy

Japan may cut oil refining capacity by up to 10pc

TOKYO: Japan may cut crude refining capacity by as much as 10 percent, or 400,000 barrels per day (bpd), under a second

Published 30 Jun, 2014 11:24am

Energy

Middle East crude Oman up; Basra Light under pressure

SINGAPORE: DME Oman's premium to Dubai rose above $1 a barrel in the Middle East crude market on Monday as traders c

Published 30 Jun, 2014 11:16am

Energy

Brent slips towards $113 as supply risks from Iraq ease

SINGAPORE: Brent futures dipped towards $113 a barrel on Monday, adding to last week's fall as supply disruption fea

Published 30 Jun, 2014 07:07am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have dec

Published 30 Jun, 2014 06:03am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where militants have dec

Published 30 Jun, 2014 03:00am

Energy

Brent holds above $113, but set for biggest weekly drop since March

SINGAPORE: Brent crude steadied above $113 a barrel on Friday, holding on to most of previous session's losses and h

Published 27 Jun, 2014 01:15pm

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices edged lower in Asia Friday following lacklustre US economic data that has fuelled bearish sentimen

Published 27 Jun, 2014 05:51am

Energy

Brent drops below $114 as worries ease over Iraq supply

SINGAPORE: Brent crude dropped under $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by t

Published 26 Jun, 2014 07:43am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are op

Published 26 Jun, 2014 06:07am

Energy

Brent drops below $114 as worries ease over Iraq supply threat

SINGAPORE: Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the

Published 26 Jun, 2014 05:34am

Energy

Asia Naphtha: India BPCL's sales premium drops at least 35pc

SINGAPORE: India's Bharat Petroleum Corp Ltd has sold a July naphtha cargo from Mumbai to oil major Shell at about $

Published 26 Jun, 2014 05:31am

Energy

China shares higher in morning trade

SHANGHAI: Chinese stocks were higher in morning trade Thursday, in line with rises in US stocks overnight, dealers said.

Published 26 Jun, 2014 04:26am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are op

Published 26 Jun, 2014 04:15am

Energy

Asia Naphtha/Gasoline-Naphtha up; SK Energy to sell term cargoes

SINGAPORE: The Asian naphtha crack inched up for the third straight session on Wednesday to reach a near two-week high o

Published 25 Jun, 2014 12:16pm

Energy

US oil climbs on oil exports report

SINGAPORE: US oil prices climbed in Asian trade Wednesday following a report that the United States, the world's top

Published 25 Jun, 2014 07:46am

Energy

Taiwan stocks flat; rubber, autos fall

TAIPEI: Taiwan stocks were flat in mid-morning trading on Wednesday, broadly in line with other regional bourses as cont

Published 25 Jun, 2014 07:27am

Energy

Brent crude holds above $114 on Iraq conflict

SINGAPORE: Brent crude inched lower on Wednesday, but held close to a nine-month high above $114 a barrel as Sunni insur

Published 25 Jun, 2014 06:39am

Energy

Taiwan CPC says 80,000 bpd gasoline-making unit to shut for 7 days

SINGAPORE: Taiwan's CPC has shut an 80,000 barrels per day (bpd) gasoline-making unit at its Talin refinery followin

Published 25 Jun, 2014 06:16am

Energy

US oil climbs on oil exports report

SINGAPORE: US oil prices climbed in Asia Wednesday following a report that the United States, the world's top crude

Published 25 Jun, 2014 05:14am

Energy

Middle East crude Oman plunges to 5-month low on weak demand

SINGAPORE: DME Oman's premium to Dubai crude fell for the fourth straight session on Tuesday to hit the lowest in fi

Published 24 Jun, 2014 12:44pm

Energy

China end-May crude oil stocks up, but refined fuel falls

BEIJING: China's commercial crude oil inventories at the end of May rose 4 percent from a month earlier as crude imp

Published 24 Jun, 2014 05:29am

Energy

Brent drops below $114, Iraq oil data eases supply worries

SINGAPORE: Brent crude slipped below $114 a barrel on Tuesday, as data showing near-record high oil exports from Iraq in

Published 24 Jun, 2014 05:24am

Energy

Oil prices fall on easing Iraq supply fears

SINGAPORE: Oil prices extended losses in Asia Tuesday on fading fears that the fast-moving crisis in crude producer Iraq

Published 24 Jun, 2014 04:06am

Energy

Middle East crude Oman slips; Murban recovers

SINGAPORE: The Middle East crude market was mixed on Monday as DME Oman's premium to Dubai slipped to the lowest in

Published 23 Jun, 2014 12:42pm

Energy

Oil prices firm on Iraq tensions

SINGAPORE: Oil prices edged higher in Asia Monday on continued violence in Iraq, but gains were capped as the risk premi

Published 23 Jun, 2014 06:20am

Energy

Oil prices firm on Iraq tensions

SINGAPORE: Oil prices edged higher in Asia Monday on continued violence in Iraq, but gains were capped as the risk premi

Published 23 Jun, 2014 04:32am

Energy

Brent holds near $115, heads for 2nd weekly gain on Iraq turmoil

SINGAPORE: Brent crude held near $115 a barrel on Friday, close to a nine-month high, and was headed for its second week

Published 20 Jun, 2014 01:45pm

Energy

Oil mixed in Asia amid Iraq supply fears

SINGAPORE: Oil prices were mixed in Asia Friday but retained support near a nine-month peak as dealers track the unfoldi

Published 20 Jun, 2014 06:28am

Energy

Oil mixed in Asia amid Iraq supply fears

SINGAPORE: Oil prices were mixed in Asia Friday but retained support near a nine-month peak as dealers track the unfoldi

Published 20 Jun, 2014 05:24am

Energy

Brent above $114 near 9-month high on Iraq turmoil

SINGAPORE: Brent crude held above $114 a barrel on Thursday near a nine-month high, supported by concerns about potentia

Published 19 Jun, 2014 06:17am

Energy

China oil giants prepare Iraq evacuation plans: report

BEIJING: Major Chinese oil firms have prepared evacuation plans in case spreading violence in Iraq -- a key energy provi

Published 19 Jun, 2014 06:05am

Energy

Oil prices up with Iraq violence in focus

SINGAPORE: Oil prices rose in Asian trade Thursday with escalating violence in Iraq sharply in focus as militants attack

Published 19 Jun, 2014 04:07am

Energy

Oil prices mixed ahead of Fed decision, Iraq fears linger

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers await the US Federal Reserve's latest policy statement

Published 18 Jun, 2014 06:21am

Energy

Brent holds above $113 amid Iraq violence

SINGAPORE: Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country's biggest

Published 18 Jun, 2014 05:36am

Energy

Oil prices mixed ahead of Fed decision, Iraq fears linger

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers await the US Federal Reserve's latest policy statement

Published 18 Jun, 2014 04:09am

Energy

Middle East crude softens on lacklustre demand

SINGAPORE: The Middle East crude market softened on Tuesday as weak refining margins curbed demand in Asia, outweighing

Published 17 Jun, 2014 01:16pm

Energy

Asia Pacific crude steady; higher Malaysian supply may weigh

SINGAPORE: Trading for August-loading cargoes in the Asia-Pacific crude market was slow to get under way as traders asse

Published 17 Jun, 2014 12:39pm

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday, but losses were limited as investors fret over a potential supply di

Published 17 Jun, 2014 06:26am

Energy

Singapore May non-oil exports down 6.6pc y/y, miss forecast

SINGAPORE: Singapore's non-oil exports fell 6.6 percent in May from a year earlier, official data showed on Tuesday,

Published 17 Jun, 2014 05:49am

Energy

Brent holds near $113 on Iraq supply concerns

SINGAPORE: Brent crude futures held near $113 per barrel on Tuesday with the United States considering air strikes in Ir

Published 17 Jun, 2014 05:29am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday, but losses were limited as investors fret over a potential supply di

Published 17 Jun, 2014 04:02am

Energy

Middle East crude August down on OSPs, soft demand

SINGAPORE: Several Middle East crude grades for August loading traded at lower differentials than the previous month as

Published 16 Jun, 2014 01:11pm

Energy

July fuel oil arbitrage to Singapore to hit 2-month low

SINGAPORE: Fuel oil supply shipped from the West for arrival in Singapore in July is expected to hit a two-month low, th

Published 16 Jun, 2014 08:03am

Energy

Brent rises above $113, holds near 9-month top as Iraq violence rises

SINGAPORE: Brent crude rose to a near nine-month high above $113 per barrel on Monday as Sunni insurgents advanced in Ir

Published 16 Jun, 2014 07:54am

Energy

China, Central Asian countries open 3rd gas line

ISLAMABAD: The third line of the China-Central Asia Natural Gas Pipeline started to transport natural gas to China, Chin

Published 16 Jun, 2014 06:56am

Energy

Crude prices rise in Asia on Iraq violence

SINGAPORE: Crude prices rose to nine-month highs in Asian trade Monday as investors kept a wary eye on the worsening cri

Published 16 Jun, 2014 06:36am

Energy

US oil still targets $108.72-$109.56 range

SINGAPORE: A bullish target range of $108.72-$109.56 per barrel remains unchanged for US oil , as indicated by its wave

Published 16 Jun, 2014 06:32am

Energy

Brent rises above $113, holds near 9-month top as Iraq violence intensifies

SINGAPORE: Brent crude rose above $113 per barrel to near a nine-month high on Monday as Sunni insurgents advanced in Ir

Published 16 Jun, 2014 06:02am

Energy

Crude prices rise in Asia on Iraq violence

SINGAPORE: Crude prices rose to nine-month highs in Asian trade Monday as investors kept a wary eye on the worsening cri

Published 16 Jun, 2014 03:53am

Energy

Brent climbs toward $115, hits 9-month top on Iraq crisis

SINGAPORE: Brent crude climbed to a nine-month high near $115 a barrel on Friday, as supply disruption fears took centre

Published 13 Jun, 2014 01:28pm

Energy

Indian shares post biggest 1-day fall in nearly 4-1/2 months

MUMBAI: Indian shares slumped nearly 1.5 percent on Friday, posting their biggest single-day fall in nearly 4-1/2 months

Published 13 Jun, 2014 01:13pm

Energy

Crude prices up as militants close in on Baghdad

SINGAPORE: Crude prices on Friday extended the previous day's rally to sit at nine-month highs after militants close

Published 13 Jun, 2014 07:05am

Energy

China May crude runs up 3.5pc on year

BEIJING: China's refinery crude throughput in May rose 3.5 percent from a year earlier to 40.33 million tonnes, or 9

Published 13 Jun, 2014 05:50am

Energy

Crude prices up as militants close in on Baghdad

SINGAPORE: Crude prices on Friday extended the previous day's rally to sit at nine-month highs after militants close

Published 13 Jun, 2014 04:48am

Energy

Asia Pacific crude steady; August demand seen higher

SINGAPORE: The Asia-Pacific crude market held steady ahead of trading for August cargoes, which will gain pace next week

Published 12 Jun, 2014 01:36pm

Energy

Naphtha crack falls 1st time in almost a week

SINGAPORE: The Asian naphtha crack fell for the first time in almost a week on Thursday to reach a four-session low of $

Published 12 Jun, 2014 12:47pm

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Thursday following a surprisingly bullish US stockpiles report and on rising concerns

Published 12 Jun, 2014 06:41am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Thursday following a surprisingly bullish US stockpiles report and on rising concerns

Published 12 Jun, 2014 05:15am

Energy

Asia pacific crude firms; Rosneft sells Sokol

SINGAPORE: The Asia-Pacific crude market firmed on Wednesday, with premiums for Russia's Sokol crude rising slightly

Published 11 Jun, 2014 01:24pm

Energy

Asia Naphtha/Gasoline-Naphtha up; Philippines starts new cracker

SINGAPORE: The Asian naphtha crack rose for the fifth straight session on Wednesday to reach $139.98 a tonne, its highes

Published 11 Jun, 2014 12:24pm

Energy

US oil to seek support at $103.80

SINGAPORE: US oil may seek support at $103.80 per barrel before rising again towards resistance at $105.16.A wave patter

Published 11 Jun, 2014 06:04am

Energy

Oil higher in Asian trade as OPEC gathers

SINGAPORE: Oil prices rose in Asia Wednesday ahead of the release of a key indicator of US energy demand and a meeting o

Published 11 Jun, 2014 05:45am

Energy

Brent rises towards $110 on expected fall in US gasoline stocks

SINGAPORE: Brent futures rose towards $110 a barrel on Wednesday on expectations a fall in US gasoline stockpiles pointe

Published 11 Jun, 2014 05:30am

Energy

Oil higher in Asian trade as OPEC gathers

SINGAPORE: Oil prices rose in Asia Wednesday ahead of the release of a key indicator of US energy demand and a meeting o

Published 11 Jun, 2014 04:20am

Energy

Middle East crude market steady ahead of August-loading trade

SINGAPORE: The Middle East crude market held steady on Tuesday ahead of the spot trading window in August-loading cargoe

Published 10 Jun, 2014 12:15pm

Energy

China set for 'Golden Age' of natural gas

PARIS: Demand for natural gas is set to nearly double within five years in China but the emerging market giant will meet

Published 10 Jun, 2014 07:00am

Energy

Oil prices extend gains in Asia

SINGAPORE: Oil prices extended their gains in Asia Tuesday as investors cheered robust economic data from the US, China

Published 10 Jun, 2014 06:47am

Energy

US oil to test resistance at $105.16

SINGAPORE: US oil is expected to test a resistance at $105.16 per barrel, a break above which will lead to a further gai

Published 10 Jun, 2014 05:42am

Energy

Brent oil faces resistance at $110.27

SINGAPORE: Brent oil faces resistance at $110.27 per barrel and may retrace to $109.79.The resistance is provided by the

Published 10 Jun, 2014 05:38am

Energy

Brent rises above $110 after best day in two months on demand hopes

SINGAPORE: Brent futures rose above $110 a barrel on Tuesday, after posting their biggest daily gain in nearly two month

Published 10 Jun, 2014 05:19am

Energy

Middle east crude Qatar raises OSP; August cargoes seen at discount

SINGAPORE: The Middle East crude market held steady on Monday as traders looked ahead to next week when trade in August-

Published 09 Jun, 2014 12:55pm

Energy

US oil to retrace to $102.28

SINGAPORE: US oil faces a resistance at $103.05 per barrel, and may retrace to a support at $102.28 again.The resistance

Published 09 Jun, 2014 06:09am

Energy

Oil prices up in Asia

SINGAPORE: Oil prices rose in Asian trade Monday, boosted by robust Chinese export data and a solid US jobs report that

Published 09 Jun, 2014 06:06am

Energy

South Korea KNOC seeks gasoline, diesel for low-cost gas stations

SEOUL: South Korea's state-run oil firm, Korea National Oil Corp (KNOC), and National Agricultural Cooperative Feder

Published 09 Jun, 2014 06:04am

Energy

Brent steady above $108, better US, China data support

SINGAPORE: Brent futures held steady above $108 a barrel on Monday as healthy Chinese export data and a solid US jobs re

Published 09 Jun, 2014 05:48am

Energy

Oil prices up in Asia

SINGAPORE: Oil prices rose in Asian trade Monday, boosted by robust Chinese export data and a solid US jobs report, anal

Published 09 Jun, 2014 03:59am

Energy

Brent steady under $109, set for 2nd weekly loss

SINGAPORE: Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly

Published 06 Jun, 2014 03:18pm

Energy

Crude prices rise in Asia after ECB rate cuts

SINGAPORE: Oil prices rose in Asian trade Friday after the European Central Bank (ECB) announced an unprecedented cut in

Published 06 Jun, 2014 07:05am

Energy

Crude prices mixed in Asia after ECB rate cuts

SINGAPORE: Oil prices were mixed in Asian trade Friday after the European Central Bank (ECB) announced an unprecedented

Published 06 Jun, 2014 04:42am

Energy

Middle East Crude: Steady, Japan offers to sell Khafji

SINGAPORE: Middle Eastern crude held steady on Thursday as refiners and traders awaited the latest official selling pric

Published 05 Jun, 2014 08:56am

Energy

Hong Kong's main share index ends lower in weak volumes

HONG KONG: Hong Kong's main share index was dragged lower on Thursday by heavyweights Tencent and HSBC Holdings, tho

Published 05 Jun, 2014 08:10am

Energy

Brent hits 3-week low of $108 as Ukraine tensions ease

SINGAPORE: Brent crude slipped to a three-week low at $108 a barrel on Thursday as tensions over Ukraine cooled, while a

Published 05 Jun, 2014 05:06am

Energy

Oil prices dip on hopes of Ukraine crisis easing

SINGAPORE: Oil prices dipped in Asia Thursday after Russian President Vladimir Putin reached out a hand to crisis-hit Uk

Published 05 Jun, 2014 03:39am

Energy

Oil prices rise in Asia ahead of US supply report

SINGAPORE: Oil prices edged higher in Asia Wednesday as investors await the latest US supply report for clues about dema

Published 04 Jun, 2014 05:43am

Energy

Oil prices rise in Asia ahead of US supply report

SINGAPORE: Oil prices edged higher in Asia Wednesday as investors await the latest US supply report for clues about dema

Published 04 Jun, 2014 05:10am

Energy

Middle east crude Saudi raises July OSPs in line with expectations

SINGAPORE: Saudi Aramco has raised the July price for its Arab Light grade for Asian customers by 60 cents a barrel vers

Published 03 Jun, 2014 10:40am

Energy

Oil prices rise on strong US, China manufacturing data

SINGAPORE: Oil prices rose in Asian trade Tuesday on strong manufacturing data from top global energy guzzlers the Unite

Published 03 Jun, 2014 06:19am

Energy

Oil prices rise on strong US, China manufacturing data

SINGAPORE: Oil prices rose in Asian trade Tuesday on strong manufacturing data from top global energy guzzlers the Unite

Published 03 Jun, 2014 04:50am

Energy

Middle east crude Saudi Arabia expected to raise OSPs for all grades in July

SINGAPORE: DME Oman strengthened on Monday, the first day of Middle East crude trade this month, as Saudi Arabia is expe

Published 02 Jun, 2014 01:18pm

Energy

Tokyo stocks close up 2.07pc at two-month high

TOKYO: Tokyo stocks jumped 2.07 percent on Monday to close at a two-month high as the yen sank in currency trading and u

Published 02 Jun, 2014 07:07am

Energy

Oil prices rise after strong Chinese manufacturing data

SINGAPORE: Oil prices rose in Asian trade Monday as data showing strong Chinese manufacturing activity fuelled hopes of

Published 02 Jun, 2014 06:40am

Energy

US oil to end rebound around $103.14

SINGAPORE: US oil is expected to end its current weak rebound around resistance at $103.14 per barrel and then drop to s

Published 02 Jun, 2014 06:08am

Energy

Brent climbs toward $110, China data revives demand hopes

SINGAPORE: Brent futures rose towards $110 a barrel on Monday as data showing China's factory activity expanded at i

Published 02 Jun, 2014 05:32am

Energy

Oil prices rise after strong Chinese manufacturing data

SINGAPORE: Oil prices rose in Asian trade Monday as data showing strong Chinese manufacturing activity fuelled hopes of

Published 02 Jun, 2014 03:57am

Energy

Crude prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Friday as traders took a breather after recent gains, but signs of stronger US

Published 30 May, 2014 06:49am

Energy

Crude prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Friday as traders took a breather after recent gains, but signs of stronger US

Published 30 May, 2014 04:16am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Thursday as dealers await the latest US supply report for clues about demand in the w

Published 29 May, 2014 07:50am

Energy

US oil to fall more to $102.30

SINGAPORE: US oil is expected to fall to a support at $102.30 per barrel, a break below which could lead to further loss

Published 29 May, 2014 04:33am

Energy

Japan's JX shuts CDU for maintenance as planned

TOKYO: JX Nippon Oil & Energy Corp , Japan's biggest oil refiner, said it shut the 110,000-barrels-per-day (bpd)

Published 29 May, 2014 04:32am

Energy

Brent holds near $110 on demand hopes as US gasoline stocks fall

SINGAPORE: Brent futures held near $110 a barrel on Thursday on hopes of improved demand from the world's top oil co

Published 29 May, 2014 04:23am

Energy

Asia pacific crude weaker; Surgut sells ESPO lower

SINGAPORE: The Asia-Pacific crude market weakened slightly on Wednesday as premiums for Russia's ESPO crude fell on

Published 28 May, 2014 12:24pm

Energy

Sinopec units suspended from trading, restructuring expected

HONG KONG: Shares of two listed units of Chinese oil giant Sinopec Group - drilling equipment maker Kingdream and Sinope

Published 28 May, 2014 07:06am

Energy

Oil prices mixed with Ukraine crisis in focus

SINGAPORE: Oil prices were mixed in Asia Wednesday, underpinned by concerns about the Ukraine crisis as fierce armed con

Published 28 May, 2014 06:15am

Energy

US oil may test support at $103.14

SINGAPORE: US oil may test support at $103.14 per barrel, a break below which will lead to a further loss to $102.30.The

Published 28 May, 2014 06:02am

Energy

China CNPC sees to invest at least $2bn in Peru after Petrobras deal

LIMA: The China National Petroleum Corporation (CNPC) expects to invest at least $2 billion in Peru over the next 10 yea

Published 28 May, 2014 05:54am

Energy

Brent gains above $110 as US data boosts growth prospects

SINGAPORE: Brent futures rose on Wednesday, holding above $110 a barrel on renewed optimism over steady demand growth in

Published 28 May, 2014 05:17am

Energy

Oil prices up with Ukraine crisis in focus

SINGAPORE: Oil prices rose in Asia Wednesday, underpinned by concerns about the Ukraine crisis as fierce armed confronta

Published 28 May, 2014 05:09am

Energy

Vietnam's May crude oil output falls 4pc y/y

HANOI: Vietnam's crude oil production in May fell 4 percent from a year earlier to an estimated 1.25 million tonnes,

Published 27 May, 2014 01:56pm

Energy

Asian shares waver, euro steady but ECB talk weighs

TOKYO: Asian stocks eased slightly in a timid session on Tuesday, while the euro steadied but remained vulnerable after

Published 27 May, 2014 07:38am

Energy

China shares edge lower on supply concerns, Hong Kong weaker

HONG KONG: China shares eased slightly after the morning session on Tuesday, as positive signals from Beijing on policy

Published 27 May, 2014 06:02am

Energy

Brent rises toward $111 on worries over Ukraine, Libya

SINGAPORE: Brent crude rose towards $111 per barrel on Tuesday amid supply disruption worries as Ukraine launched air st

Published 27 May, 2014 05:57am

Energy

US oil may start deep correction soon

SINGAPORE: US oil looks exhausted while approaching a resistance zone of $104.50-$104.99 per barrel, and may start a dee

Published 27 May, 2014 04:57am

Energy

Brent oil may retrace to $109.41

SINGAPORE: Brent oil faces resistance at $110.99 per barrel and may retrace to support at $109.41.Resistance has been fo

Published 27 May, 2014 04:54am

Energy

Crude prices up after escalation in Ukraine crisis

SINGAPORE: Oil prices rose in Asian trade Tuesday on concerns over a dramatic escalation in the Ukraine crisis that coul

Published 27 May, 2014 04:12am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in subdued Asian trade Monday but retained support from concerns about a crisis in Lib

Published 26 May, 2014 09:26am

Energy

Brent slips below $110 after Ukraine election

SINGAPORE: Brent crude fell below $110 a barrel on Monday, dipping further from last week's two-and-a-half month hig

Published 26 May, 2014 07:14am

Energy

US oil may peak in $104.50-$104.99 range

SINGAPORE: US oil faces a resistance zone of $104.50-$104.99 per barrel, and may peak in it.The zone has been formed by

Published 26 May, 2014 05:02am

Energy

Brent slips near $110 after Ukraine election

SINGAPORE: Brent crude edged down towards $110 a barrel on Monday, dipping further from last week's two-and-a-half m

Published 26 May, 2014 04:46am

Energy

US oil's target at $104.99 aborted

SINGAPORE: A bullish target at $104.99 per barrel has been aborted for US oil as it retraced to about $103.52 after brea

Published 23 May, 2014 03:52pm

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices inched higher in subdued Asian trade on Friday, gaining a measure of support from lingering concer

Published 23 May, 2014 07:44am

Energy

Brent steady above $110 on China PMI, lower US stocks

SINGAPORE: Brent crude steadied near a 2-1/2 month high above $110 a barrel on Thursday, supported by a large draw in US

Published 22 May, 2014 08:52am

Energy

Crude prices eased in Asia

SINGAPORE: Oil prices slipped in Asian trade Thursday following healthy gains in London and New York, but losses were li

Published 22 May, 2014 07:16am

Energy

China and Russia sign huge gas deal: CNPC

SHANGHAI: China and Russia agreed a huge gas supply contract in Shanghai on Wednesday, after a decade of talks on the mu

Published 21 May, 2014 10:02am

Energy

Brent climbs towards $110 on US stock draw, Libya violence

SINGAPORE: Brent futures edged higher towards $110 per barrel on Wednesday, supported by industry data showing an unexpe

Published 21 May, 2014 07:41am

Energy

China Sinopec, US Weatherfod in oil service jv

BEIJING: China's Sinopec Group said on Wednesday it has agreed with US-listed Weatherford International to form a jo

Published 21 May, 2014 07:38am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Wednesday as investors await the release of US Federal Reserve minutes from it

Published 21 May, 2014 06:10am

Energy

Brent climbs towards $110 on Libya violence, US stock draw

SINGAPORE: Brent futures edged higher towards $110 per barrel on Wednesday, supported by violence in OPEC oil producer L

Published 21 May, 2014 05:15am

Energy

Brent steady above $109 on Libya unrest; U.S. crude stocks seen rising

SINGAPORE: Brent crude held steady above $109 a barrel on Tuesday, as unrest and low output in OPEC-producer Libya offse

Published 20 May, 2014 12:09pm

Energy

Asia pacific crude stronger; Malaysian tenders eyed

SINGAPORE: The Asia-Pacific crude market strengthened on Tuesday as differentials for Russian and Vietnamese grades impr

Published 20 May, 2014 11:51am

Energy

Oil prices rise on Libya concerns

SINGAPORE: Oil prices rose in Asia Tuesday on growing concerns about lawlessness in crude-producer Libya as a top milita

Published 20 May, 2014 06:43am

Energy

Oil prices rise on Libya concerns

SINGAPORE: Oil prices rose in Asia Tuesday on growing concerns about lawlessness in crude-producer Libya as an top milit

Published 20 May, 2014 04:15am

Energy

Asia pacific crude Steady; traders eye Vietnam's Thang Long tender

SINGAPORE: The Asia-Pacific crude market held steady on Monday as traders eyed July-loading volumes from Malaysia and Vi

Published 19 May, 2014 11:37am

Energy

Premiums up on firm Asia demand

SINGAPORE: The Middle East crude market firmed on Monday on robust demand in Asia and as sellers diverted excess supply

Published 19 May, 2014 11:36am

Energy

EU sees two more rounds of talks on Russia-Ukraine gas dispute

BERLIN: The European Union will aim to resolve a row between Russia and Ukraine over gas prices by June 1 with two more

Published 19 May, 2014 07:16am

Energy

Brent rises to $110 on Libya violence, fall in output

SINGAPORE: Brent crude rose to $110 a barrel on Monday on renewed concerns over Libya's oil output and following som

Published 19 May, 2014 06:51am

Energy

Oil prices rise on Libyan violence

SINGAPORE: Oil prices edged higher in Asia Monday on escalating violence in crude producer Libya following a coup attemp

Published 19 May, 2014 06:40am

Energy

Brent oil to peak around $110.35

SINGAPORE: Brent oil July may peak around a resistance at $110.35 per barrel, as indicated by a Fibonacci projection ana

Published 19 May, 2014 06:18am

Energy

Oil prices rise on Libyan violence

SINGAPORE: Oil prices edged higher in Asia Monday on escalating violence in crude producer Libya following a coup attemp

Published 19 May, 2014 04:22am

Energy

India'S BPCL signs crude import deals with UAE, Kuwait

NEW DELHI: Indian refiner Bharat Petroleum Corp has signed a deal with ADNOC, national oil company of the United Arab Em

Published 16 May, 2014 11:54am

Energy

Gazprom says gas flows to Europe via Ukraine remain stable

MOSCOW: Russian natural gas exports to European consumer nations via Ukraine remained stable on Friday, a spokesman for

Published 16 May, 2014 11:38am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asian trade Friday but gains were capped by weak economic data from Europe and oversu

Published 16 May, 2014 06:23am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asian trade Friday but gains were capped by weak economic data from Europe and oversu

Published 16 May, 2014 04:11am

Energy

South Korea's April Iran oil imports up; Jan-April near 2013 average

SEOUL: South Korea's crude imports from Iran doubled in April from March, when the shipments dropped due to refinery

Published 15 May, 2014 05:50am

Energy

China CNPC oil field executive under investigation for graft

BEIJING: China's top anti-graft body said on Thursday is was investigating a former executive at an oil firm owned b

Published 15 May, 2014 05:38am

Energy

Brent holds steady above $110 on Ukraine supply disruption risks

SINGAPORE: Brent crude held steady above $110 a barrel on Thursday, close to its highest in nearly three weeks, as on-go

Published 15 May, 2014 05:32am

Energy

Crude prices ease in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday following a rally in the previous session, analysts said.The US benc

Published 15 May, 2014 05:19am

Energy

Crude prices ease in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday following a rally in the previous session, analysts said.US benchmar

Published 15 May, 2014 03:49am

Energy

Petronas in talks on further Canada LNG stake sale, Q1 profit dips

KUALA LUMPUR: Malaysia's Petroliam Nasional (Petronas) is in talks with several companies to sell a 10-12 percent st

Published 14 May, 2014 01:59pm

Energy

India cuts Iran oil imports by 42pc in April from March

NEW DELHI: India's oil imports from Iran in April declined 42 percent from the previous month, data obtained from tr

Published 14 May, 2014 01:51pm

Energy

China LNG demand a bright spot as producers weigh major investments

SINGAPORE: China's imports of liquefied natural gas (LNG) are growing at a record pace as it aims to use cleaner fue

Published 14 May, 2014 01:50pm

Energy

Oil prices up on hints of US crude exports

SINGAPORE: Oil prices extended gains in Asian trade Wednesday following comments by a top US energy official that the wo

Published 14 May, 2014 04:11am

Energy

China's April oil demand falls nearly 1pc from March to 7-month low

BEIJING: China's implied oil demand fell 0.8 percent in April from the previous month to its lowest since September

Published 13 May, 2014 07:51am

Energy

Oil prices mixed after rallying on Ukraine votes

HONG KONG: Oil prices were mixed on Tuesday after rallying in the previous session in response to a vote in eastern Ukra

Published 13 May, 2014 06:56am

Energy

Brent steady above $108, Ukraine tensions support

SINGAPORE: Brent crude held above $108 a barrel on Tuesday, supported by the threat of further European sanctions agains

Published 13 May, 2014 06:21am

Energy

PetroChina shares up on multi-billion-dollar pipeline spin-off

SHANGHAI: Shares in PetroChina, a listed unit of China's largest oil producer, rose Tuesday after it unveiled plans

Published 13 May, 2014 06:18am

Energy

Indian Oil plans maintenance at Koyali, Haldia, Mathura refineries

NEW DELHI: Indian Oil Corp, the country's biggest refiner, plans to carry out a series of major maintenance and insp

Published 13 May, 2014 05:51am

Energy

Brent firms above $108 on Ukraine tensions

SINGAPORE: Brent crude held above $108 a barrel on Tuesday as the threat of further European sanctions against Russia ov

Published 13 May, 2014 04:24am

Energy

Oil prices rise after eastern Ukraine independence vote

SINGAPORE: Oil prices rose in Asia Monday after pro-Russian rebels in eastern Ukraine claimed a majority of voters in a

Published 12 May, 2014 09:30am

Energy

Japan's JX to develop Malaysia's Layang gas field

TOKYO: JX Nippon Oil & Gas Exploration Corp said on Monday it had decided to develop Layang gas field off the coast

Published 12 May, 2014 08:46am

Energy

Brent climbs above $108 on renewed Ukraine tensions

SINGAPORE: Brent crude futures firmed above $108 per barrel on Monday, supported by renewed tensions in Ukraine, where t

Published 12 May, 2014 04:42am

Energy

Oil prices rise on Ukraine tensions

SINGAPORE: Oil prices edged higher in Asian trade Friday on escalating fears of a full-blown armed conflict in Ukraine a

Published 09 May, 2014 11:38am

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors digested an unexpected drop in US crude stockpiles

Published 08 May, 2014 06:35am

Energy

Brent holds steady near $108; Chinese trade data supports

SINGAPORE: Brent crude hovered around $108 a barrel on Thursday, holding onto most of the gains from the previous sessio

Published 08 May, 2014 06:19am

Energy

China's April crude oil imports at record high

BEIJING: China's crude imports rose more than a fifth in April from a year earlier to a record high of 6.78 million

Published 08 May, 2014 06:10am

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors digested an unexpected drop in US crude stockpiles

Published 08 May, 2014 04:41am

Energy

Oil prices rise in Asia

SINGAPORE: Oil prices rose in Asian trade Wednesday ahead of the US Department of Energy's crude stockpiles report a

Published 07 May, 2014 06:53am

Energy

Brent holds above $107 on fall in US crude stocks, Ukraine risks

SINGAPORE: Brent crude edged higher above $107 per barrel on Wednesday after an industry report showed US crude stocks d

Published 07 May, 2014 04:34am

Energy

Oil prices rise in Asia

SINGAPORE: Oil prices rose in Asian trade Wednesday ahead of the US Department of Energy's crude stockpiles report a

Published 07 May, 2014 04:21am

Energy

Oil prices fall further in Asia

SINGAPORE: Oil prices extended their losses in Asian trade Tuesday following weak manufacturing figures from China, but

Published 06 May, 2014 06:54am

Energy

Brent steady below $108; US stocks, Libya supply may weigh

SINGAPORE: Brent crude held steady below $108 per barrel on Tuesday as clashes across Ukraine added to geopolitical risk

Published 06 May, 2014 05:10am

Energy

Oil prices fall further in Asia

SINGAPORE: Oil prices extended their losses in Asian trade Tuesday, spooked by a weak manufacturing sector in China, alt

Published 06 May, 2014 04:03am

Energy

Brent edges down towards $108 on disappointing China PMI

SINGAPORE: Brent crude slipped towards $108 a barrel on Monday after fresh data showed China's manufacturing sector

Published 05 May, 2014 06:56am

Energy

Crude prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Monday after the crisis in Ukraine escalated over the weekend and data s

Published 05 May, 2014 06:06am

Energy

US oil neutral in $98.99-$100.14 range

SINGAPORE: US oil looks neutral in a range of $98.99-$100.14 per barrel, and an escape will point a direction.The range

Published 05 May, 2014 05:47am

Energy

Brent edges down towards $108 on disappointing China PMI

SINGAPORE: Brent crude slipped towards $108 a barrel on Monday after fresh data showed China's manufacturing sector

Published 05 May, 2014 05:34am

Energy

Crude prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Monday after the crisis in Ukraine escalated over the weekend and data s

Published 05 May, 2014 04:31am

Energy

Oil prices turn lower in Asian trade

SINGAPORE: Oil prices turned lower in volatile Asian trade on Friday after US crude stockpiles surged, with investors ke

Published 02 May, 2014 06:18am

Energy

Oil prices recover in Asian trade

SINGAPORE: Oil prices climbed in Asian trade Friday after falling in New York in response to data showing in stockpiles

Published 02 May, 2014 05:34am

Energy

Brent slips towards $108.50 on stock build, fall in US crude

SINGAPORE: Brent slipped towards $108.50 a barrel on Wednesday, dragged down by a near $1 drop in US crude as inventorie

Published 30 Apr, 2014 06:15am

Energy

Crude prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Wednesday on expectations of another increase in US crude stockpiles, which w

Published 30 Apr, 2014 06:06am

Energy

Sinopec, Huadian to take combined 15pc stake in Canada LNG project

HONG KONG: China Petrochemical Corp (Sinopec Group) said on Wednesday it and state-owned power group China Huadian Corp

Published 30 Apr, 2014 05:49am

Energy

Crude prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Wednesday on expectations of another increase in US crude stockpiles which wo

Published 30 Apr, 2014 04:09am

Energy

Crude prices edge higher in Asia

SINGAPORE: Oil prices rose in Asian trade Tuesday after the West slapped fresh sanctions on Russia over its role in Ukra

Published 29 Apr, 2014 05:54am

Energy

US oil to rebound to $102.08

SINGAPORE: US oil may rebound to $102.08 per barrel, as it has found strong support at $100.28.Support is provided by th

Published 29 Apr, 2014 05:46am

Energy

Middle East Crude-Discount deepens for Adnoc grades

SINGAPORE: The Middle East crude market continued to weaken on Monday, with Abu Dhabi grades falling deeper into discoun

Published 29 Apr, 2014 05:44am

Energy

Brent holds above $108; Libya, US inventories eyed

SINGAPORE: Brent crude held steady above $108 a barrel on Tuesday after posting its biggest daily fall in nearly a month

Published 29 Apr, 2014 05:03am

Energy

Crude prices edge higher in Asia

SINGAPORE: Oil prices rose in Asian trade Tuesday as the West slapped fresh sanctions on Russia over its actions in Ukra

Published 29 Apr, 2014 04:05am

Energy

Vietnam April crude oil output falls 2.6pc y/y

HANOI: Vietnam's crude oil production in April fell 2.6 percent from a year earlier to an estimated 1.23 million ton

Published 28 Apr, 2014 07:14am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Monday, supported by tensions in Ukraine while investors await the US Federal

Published 28 Apr, 2014 05:49am

Energy

Brent nudges up near $110 on Ukraine tensions

SINGAPORE: Brent edged up toward $110 a barrel on Monday, heading towards a recent seven-week high, as tensions rose in

Published 28 Apr, 2014 05:46am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Monday, supported by tensions in Ukraine while investors await the US Federal

Published 28 Apr, 2014 04:14am

Energy

Sinopec books shale gas sales of at least 1.0 bcm this year

BEIJING: Chinese oil giant Sinopec Corp has booked sales of shale gas of at least 1.0 billion cubic metres (bcm) for thi

Published 25 Apr, 2014 01:15pm

Energy

Russian fuel oil set to lose top spot in China this year

SINGAPORE: Russia's three-year position as China's top fuel oil supplier looks shaky as it keeps more of the pro

Published 25 Apr, 2014 01:06pm

Energy

Iran announces stiff petrol price hikes

TEHRAN: Iran announced petrol price hikes as high as 75 percent to take immediate effect Friday, in a long-awaited attem

Published 25 Apr, 2014 09:53am

Energy

Oil prices up on Ukraine tensions

SINGAPORE: Oil prices rose in Asian trade Friday after Russia ordered new military exercises on the border with Ukraine

Published 25 Apr, 2014 04:50am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US c

Published 24 Apr, 2014 05:34am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US c

Published 24 Apr, 2014 03:30am

Energy

Japan's JX Nippon shuts naphtha cracker due to ‘problem’

TOKYO: Japan's JX Nippon Oil & Energy said on Wednesday it had shut its 443,000 tonnes per year naphtha cracker

Published 23 Apr, 2014 06:15am

Energy

Oil prices down ahead of US stockpiles report

SINGAPORE: Oil prices edged lower in Asian trade Wednesday despite hopes that a key US stockpiles report would beat bear

Published 23 Apr, 2014 06:11am

Energy

US crude steady on hopes oil inventory rose slower than forecast

SINGAPORE: US crude futures held steady near $102 a barrel in early Asian trade on Wednesday after steep losses in the p

Published 23 Apr, 2014 05:31am

Energy

Oil prices rise ahead of US stockpiles report

SINGAPORE: Oil prices inched higher in Asian trade Wednesday on hopes that a key US stockpiles report would beat bearish

Published 23 Apr, 2014 04:30am

Energy

CNOOC posts 15.5pc rise in Q1 production on Nexen acquisition

HONG KONG: China's top offshore oil and gas producer CNOOC Ltd on Tuesday posted a 15.5 percent increase in its firs

Published 22 Apr, 2014 09:38am

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices dipped in Asian trade Tuesday, but the losses were limited by lingering concerns about the crisis

Published 22 Apr, 2014 07:08am

Energy

Brent holds near $110 on Ukraine, forecast US stockpile gain weighs

SINGAPORE: Brent futures held near a six-week high above $110 a barrel on Tuesday on worries a pact to calm tensions in

Published 22 Apr, 2014 05:20am

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices dipped in Asian trade Tuesday, but the losses were limited by lingering concerns about the crisis

Published 22 Apr, 2014 04:14am

Energy

India's 2013/14 fuel demand growth slowest in over a decade

NEW DELHI: India's local fuel sales increased at their slowest pace in more than a decade in the year to March, refl

Published 21 Apr, 2014 09:46pm

Energy

China's March crude imports from Iran up 36.1pc y/y

BEIJING: China's March crude oil imports from Iran rose more than a third from a year ago, keeping imports in the fi

Published 21 Apr, 2014 08:23am

Energy

China's March crude imports from Iran up 36pc

BEIJING: China's March crude oil imports from Iran were 2.36 million tonnes, or 555,182 barrels per day, up 36.1 per

Published 21 Apr, 2014 06:45am

Energy

Oil prices down in quiet Asian trade

SINGAPORE: Oil prices eased in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukraine

Published 21 Apr, 2014 06:09am

Energy

Brent dips towards $109 after steep gains, Ukraine supports

SINGAPORE: Brent futures dropped towards $109 a barrel on Monday as investors took profits after steep gains, but uncert

Published 21 Apr, 2014 05:24am

Energy

Oil prices down in quiet Asian trade

SINGAPORE: Oil prices were down in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukr

Published 21 Apr, 2014 04:11am

Energy

Iran oil exports rise to 1.2mn barrels per day

TEHRAN: Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when th

Published 18 Apr, 2014 10:06am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Thursday as dealers weighed lingering concerns over the Ukraine crisis w

Published 17 Apr, 2014 06:28am

Energy

India cuts Iran oil imports nearly a fifth in 2013/14

NEW DELHI: India's imports of Iranian crude tumbled about a fifth in the fiscal year ended in March, despite a surge

Published 17 Apr, 2014 06:10am

Energy

Brent holds near $110 on Ukraine crisis

SINGAPORE: Brent oil steadied above $109 a barrel on Thursday, trading not far from a six-week high, as rising tensions

Published 17 Apr, 2014 05:12am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday on lingering concerns over the Ukraine crisis, but analysts said a be

Published 17 Apr, 2014 04:14am

Energy

Oil prices mixed after weak Chinese GDP data

SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the first

Published 16 Apr, 2014 06:12am

Energy

Oil prices mixed after weak Chinese GDP data

SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the first

Published 16 Apr, 2014 04:36am

Energy

US oil to rise into $104.88-$105.22 range

SINGAPORE: US oil is expected to rise into a range of $104.88-$105.22 per barrel, as it has broken above a resistance of

Published 14 Apr, 2014 05:41am

Energy

Brent rises, hovers near $108 as Ukraine crisis worsens

SINGAPORE: Brent futures rose and hovered near $108 a barrel on Monday amid worsening geopolitical tensions over Ukraine

Published 14 Apr, 2014 05:11am

Energy

Oil prices up as Russia-Ukraine tensions escalate

SINGAPORE: Oil prices edged higher in Asian trade Monday on escalating Russia-Ukraine tensions that had Moscow and the W

Published 14 Apr, 2014 04:14am

Energy

Crude oil leak blamed for China water contamination

BEIJING: A crude oil leak from a pipeline owned by a unit of China National Petroleum Corp. (CNPC) is to blame for water

Published 12 Apr, 2014 12:00pm

Energy

Oil company blamed for toxic tap water in China: Xinhua

BEIJING: A Chinese oil giant was to blame for a toxic leak that contaminated tap water in a northwestern city, leading p

Published 12 Apr, 2014 08:57am

Energy

Crude oil prices fall further in Asia

SINGAPORE: Oil prices extended losses in Asian trade Friday as data showing a slowdown in China's giant economy spar

Published 11 Apr, 2014 05:59am

Energy

Crude oil prices fall further in Asia

SINGAPORE: Oil prices extended losses in Asian trade Friday as data showing a slowdown in China's giant economy spar

Published 11 Apr, 2014 04:26am

Energy

Brent dips towards $107 on weak China trade data

SINGAPORE: Brent futures eased towards $107 a barrel on Thursday on weak China trade data and as investors booked profit

Published 10 Apr, 2014 05:47am

Energy

China March crude imports drop to 5-month low

BEIJING: China's crude oil imports in March fell to a five-month low, official data showed on Thursday, dropping to

Published 10 Apr, 2014 05:39am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday, but losses were curbed by upbeat sentiment over the latest US suppl

Published 10 Apr, 2014 04:31am

Energy

Oil prices mixed on growing Ukraine fears

SINGAPORE: Oil prices were mixed in Asian trade Wednesday following big gains in European and US trade that were fuelled

Published 09 Apr, 2014 03:58am

Energy

Russia's Gazprom says Ukraine fails to pay for gas on time

MOSCOW: Russia's top natural gas producer Gazprom said on Tuesday Ukraine had failed to pay on time for March gas su

Published 08 Apr, 2014 08:30am

Energy

Oil prices rise on Ukraine fears

SINGAPORE: Oil prices rose in Asian trade Tuesday on renewed fears about Ukraine after pro-Russian protesters seized gov

Published 08 Apr, 2014 06:02am

Energy

Brent climbs above $106 on Ukraine tension; Libya supply caps gains

SINGAPORE: Brent crude climbed above $106 a barrel on Tuesday supported by increased tensions between Russia and the Wes

Published 08 Apr, 2014 05:22am

Energy

Oil prices rise on Ukraine fears

SINGAPORE: Oil prices rose in Asian trade Tuesday on renewed fears about Ukraine after pro-Russian protesters seized gov

Published 08 Apr, 2014 04:10am

Energy

Brent slips below $106 as Libya deal eases supply worries

SINGAPORE: Brent crude prices fell below $106 a barrel on Monday, snapping a two-day winning streak, as worries about su

Published 07 Apr, 2014 05:48am

Energy

Oil prices ease in Asian trade

SINGAPORE: Crude prices dropped in Asian trade Monday after rebels agreed to reopen two of the four blockaded oil termin

Published 07 Apr, 2014 05:35am

Energy

Brent holds above $106, but set for worst week in 3 months

SINGAPORE: Brent crude edged up on Friday to hold above $106 a barrel, but stayed on track for its biggest weekly fall i

Published 04 Apr, 2014 12:22pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors weighed a surprisingly robust US stockpiles report

Published 03 Apr, 2014 05:57am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors weighed a surprisingly robust US stockpiles report

Published 03 Apr, 2014 04:31am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices turned lower in Asian trade Wednesday as investors stood on the sidelines with few fresh leads, bu

Published 02 Apr, 2014 06:27am

Energy

Brent holds above $105, inventory data in focus

SINGAPORE: Brent crude steadied above $105 a barrel on Wednesday but was still near a five-month low, with investors wai

Published 02 Apr, 2014 04:50am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in Asian trade Wednesday following upbeat global economic data but a lack of fresh le

Published 02 Apr, 2014 04:16am

Energy

Azeri state oil fund acquires office block in South Korea

BAKU: Azerbaijan's state oil fund has acquired an office complex in the South Korean capital Seoul for $447 million,

Published 01 Apr, 2014 05:47pm

Energy

Oil prices dip on hopes of Ukraine crisis easing

SINGAPORE: Oil prices dipped in Asian trade on Tuesday as reports of a partial withdrawal of Russian troops along the Uk

Published 01 Apr, 2014 06:07am

Energy

Brent holds steady below $108 after China data

SINGAPORE: Brent crude was little changed on Tuesday, holding steady under $108 a barrel, after China released manufactu

Published 01 Apr, 2014 05:52am

Energy

Oil prices dip on hopes of Ukraine crisis easing

SINGAPORE: Oil prices dipped in Asian trade Tuesday as reports of a partial withdrawal of Russian troops along the Ukrai

Published 01 Apr, 2014 04:03am

Energy

Brent holds above $107 as Europe tensions offset Iraq output

SINGAPORE: Brent crude traded near a two-week high at above $107 a barrel on Monday as simmering tensions between Russia

Published 31 Mar, 2014 05:30am

Energy

Japan's Feb crude oil imports from Iran rise 21.7pc y/y

TOKYO: Japan's crude oil imports from Iran in February rose 21.7 percent from a year earlier to 1.16 million kilolit

Published 31 Mar, 2014 05:25am

Energy

Crude prices ease in Asia on profit taking

SINGAPORE: Oil prices eased in Asian trade Monday as traders booked profits after strong gains last week on positive US

Published 31 Mar, 2014 04:38am

Energy

Middle East Crude: Rosneft, Surgut sell more ESPO

SINGAPORE: The Middle East crude market weakened on Friday with DME Oman's premium to Dubai slipping as May trade ap

Published 28 Mar, 2014 11:50am

Energy

China's CNOOC wins special permit for fuel exports

BEIJING: China National Offshore Oil Company (CNOOC) has won government approval for a special permit to export refined

Published 28 Mar, 2014 11:47am

Energy

Oil prices mixed in Asia tradem

SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over the US eco

Published 28 Mar, 2014 07:54am

Energy

Oil prices mixed in Asia trade

SINGAPORE: Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over US economi

Published 28 Mar, 2014 05:03am

Energy

Brent steady around $107; Obama hints at tougher Russia sanctions

SINGAPORE: Brent crude held steady around $107 a barrel on Thursday as investors took stock of comments by US President

Published 27 Mar, 2014 05:25am

Energy

Oil prices mixed in Asia after strong US data

SINGAPORE: Oil prices were mixed in Asian trade Thursday, taking a breather after surging on strong US economic data, an

Published 27 Mar, 2014 04:47am

Energy

Oil prices up in Asia on US data

SINGAPORE: Oil prices rose in Asian trade Wednesday as data showed a better-than-expected jump in US consumer confidence

Published 26 Mar, 2014 06:58am

Energy

Oil prices up in Asia on US data

SINGAPORE: Oil prices rose in Asian trade Wednesday as data showed a better-than-expected jump in US consumer confidence

Published 26 Mar, 2014 04:47am

Energy

Oil prices ease in Asia

SINGAPORE: Crude prices fell in Asian trade Tuesday after a key petroleum shipping channel in the United States was clos

Published 25 Mar, 2014 07:10am

Energy

Brent oil may test support at $100.21 in 3 months

SINGAPORE: Brent oil may test a support at $100.21 per barrel over the next three months, with a good chance of breaking

Published 25 Mar, 2014 07:07am

Energy

Oil prices ease in Asia

SINGAPORE: Crude prices fell in Asian trade Tuesday after a key petroleum shipping channel in the United States was clos

Published 25 Mar, 2014 04:06am

Energy

China oil giants enjoy profit rises despite weak economy

SHANGHAI: China's major onshore oil firms Sinopec and PetroChina said profits rose in 2013, despite weakness in the

Published 24 Mar, 2014 10:18am

Energy

Crude prices drop on weak Chinese manufacturing data

SINGAPORE: Oil prices eased in Asian trade Monday on demand fears after data suggested China's manufacturing activit

Published 24 Mar, 2014 07:05am

Energy

Brent holds above $106 on weak China data, seasonal slump

SINGAPORE: Brent crude held above $106 per barrel on Monday weighed down by a seasonal slump in demand and weak economic

Published 24 Mar, 2014 06:06am

Energy

Crude prices drop on weak Chinese manufacturing data

SINGAPORE: Oil prices eased in Asian trade Monday on demand fears after data suggested China's manufacturing activit

Published 24 Mar, 2014 05:00am

Energy

China's Feb crude imports from Iran rise 6pc y/y

BEIJING: China's February crude oil imports from Iran rose 6 percent from a year ago to 552,613 barrels per day (bpd

Published 21 Mar, 2014 12:09pm

Energy

Oil prices slip in Asian trade

SINGAPORE: Oil prices fell in Asia Friday owing to a stronger dollar after the head of the US Federal Reserve hinted at

Published 21 Mar, 2014 07:09am

Energy

Oil prices slip down in Asian trade

SINGAPORE: Oil prices fell in Asia Friday owing to a stronger dollar after the head of the US Federal Reserve hinted at

Published 21 Mar, 2014 04:37am

Energy

Japan's JX to buy Malaysia LNG for 10 years from 2015

TOKYO: Japan's JX Nippon Oil & Energy Corp said on Thursday it has signed a contract to buy 380,000 tonnes per y

Published 20 Mar, 2014 08:21am

Energy

Crude prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday after stockpiles declined at a key US trading hub, indicating stronge

Published 20 Mar, 2014 06:03am

Energy

Seoul shares slip on Fed rate outlook, persistent foreign selling

SEOUL: Seoul shares nudged lower on Thursday morning after US Federal Reserve Chair Janet Yellen suggested a rate hike m

Published 20 Mar, 2014 05:11am

Energy

China's Feb crude throughput up 3.7pc y/y

BEIJING: China's refinery throughput rose 3.7 percent in February from a year earlier to 35.81 million tonnes, or 9.

Published 20 Mar, 2014 05:01am

Energy

Crude prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday after stockpiles declined at a key US trading hub, indicating stronge

Published 20 Mar, 2014 04:50am

Energy

CNPC JV starts shale gas development in Sichuan

BEIJING: A joint venture of China National Petroleum Corp (CNPC) and domestic companies has started drilling its first s

Published 19 Mar, 2014 09:28am

Energy

Crude prices ease in Asia

SINGAPORE: Oil prices eased in Asian trade Wednesday as investors locked in profits after recent sharp gains while keepi

Published 19 Mar, 2014 06:50am

Energy

Rosneft CEO: More sanctions would worsen Crimea situation

TOKYO: Expanding sanctions over Russia's moves to annex Crimea would only make the situation worse, the head of stat

Published 19 Mar, 2014 05:55am

Energy

Brent near six-week low, Ukraine worries ease

SINGAPORE: Brent crude sat near a six-week trough below $106 a barrel on Wednesday as concerns eased about an escalation

Published 19 Mar, 2014 04:54am

Energy

Sinopec to restructure convenience store assets in non-fuel push

BEIJING/HONG KONG: Top Asian refiner Sinopec Corp said on Tuesday it plans to incorporate a company to hold its convenie

Published 18 Mar, 2014 09:22am

Energy

Brent oil to test support at $105.99

SINGAPORE: Brent oil is expected to test a support at $105.99 per barrel, a break below which will lead to a further los

Published 18 Mar, 2014 04:58am

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as investors kept a close eye on simmering international tension

Published 18 Mar, 2014 04:14am

Energy

Indonesia crude output drops as haze hits Chevron's Sumatra wells

JAKARTA: Indonesia's crude oil output has dropped to 790,000 barrels per day (bpd) after haze from forest fires on t

Published 17 Mar, 2014 08:47am

Energy

Crude prices up after Crimea referendum

SINGAPORE: Oil prices rose in Asia Monday on increased geopolitical tensions, as the United States hinted at fresh sanct

Published 17 Mar, 2014 07:10am

Energy

Crude prices up after Crimea referendum

SINGAPORE: Oil prices rose in Asia Monday on increased geopolitical tensions as the United States hinted at fresh sancti

Published 17 Mar, 2014 04:56am

Energy

ONGC, Oil India complete $873mn stake buy in IOC

NEW DELHI: India's state-run Oil and Natural Gas Corp and Oil India have completed purchase of a 10 percent stake in

Published 14 Mar, 2014 12:46pm

Energy

Kenya raises price caps for kerosene, petrol; lowers diesel

NAIROBI: Kenya's energy regulator said on Friday that it was raising the maximum retail fuel prices for petrol and k

Published 14 Mar, 2014 12:42pm

Energy

Oil prices mixed in Asia on China, Ukraine woes

SINGAPORE: Oil prices were mixed in Asian trade Friday as investors digest the implications of weaker economic data from

Published 14 Mar, 2014 07:02am

Energy

Russia's oil exports from Primorsk seen down 8pc in 2014

MOSCOW: Russian Baltic Sea port of Primorsk plans to cut crude oil exports by 8 percent to 50 million tonnes (1 million

Published 13 Mar, 2014 09:09am

Energy

Brent firms above $108 on supply risks, demand outlook

SINGAPORE: Brent futures inched higher on Thursday, holding above $108 a barrel, as investors focused on risks from the

Published 13 Mar, 2014 06:06am

Energy

Asia Naphtha: Abu Dhabi lowers term offers to +$28.50 and +$30/T

SINGAPORE: Abu Dhabi National Oil Co (ADNOC) has lowered its offers on three naphtha grades for May 2014 to April 2015 l

Published 13 Mar, 2014 05:46am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asian trade Thursday as investors took to bargain hunting after sharp falls induced b

Published 13 Mar, 2014 05:10am

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices fell in Asian trade Wednesday ahead of the weekly US stockpiles report that will give an indicatio

Published 12 Mar, 2014 07:29am

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices fell in Asian trade Wednesday ahead of the weekly US stockpiles report that will give an indicatio

Published 12 Mar, 2014 04:49am

Energy

Crude eases in Asia as weak China trade weighs

SINGAPORE: Oil turned lower in Asian trade Tuesday with prices weighed down by weaker-than-expected Chinese trade data,

Published 11 Mar, 2014 06:31am

Energy

Crude rebounds in Asia but weak China trade weighs

SINGAPORE: Oil rebounded in Asian trade Tuesday but analysts said prices remained weighed down by weaker-than-expected C

Published 11 Mar, 2014 03:51am

Energy

Brent slips below $109 on China data; supply concerns cap

SINGAPORE: Brent futures slipped below $109 a barrel on Monday as data showing an unexpected fall in China's exports

Published 10 Mar, 2014 04:50am

Energy

Oil prices ease on weak Chinese trade data

SINGAPORE: Oil prices eased in Asian trade Monday as weak Chinese trade data stoked concerns over demand in the world&#3

Published 10 Mar, 2014 03:57am

Energy

Brent steady below $108 after sliding on easing Ukraine risk, demand worries

SINGAPORE: Brent crude held steady just below $108 a barrel on Thursday, as investors looked for direction after easing

Published 06 Mar, 2014 08:57am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Thursday on data showing weaker US energy demand as Russia comes under i

Published 06 Mar, 2014 03:44am

Energy

China's CNPC to open six business areas to private investors

BEIJING: China National Petroleum Corporation (CNPC) plans to open six business areas to private investors, its chairman

Published 05 Mar, 2014 06:27am

Energy

Japan's Cosmo cuts March crude refining by 7pc

TOKYO: Japanese refiner Cosmo Oil Co said on Wednesday that it cut the amount of crude it plans to refine in March by 7

Published 05 Mar, 2014 06:15am

Energy

Oil prices mixed as Ukraine fears recede

SINGAPORE: Oil prices were mixed in Asia Wednesday as fears of an immediate armed conflict in Ukraine receded, but analy

Published 05 Mar, 2014 06:07am

Energy

Brent holds above $109 after plunge on easing Ukraine fears

SINGAPORE: Brent crude held steady above $109 a barrel on Wednesday after pulling back in the previous session from a tw

Published 05 Mar, 2014 05:32am

Energy

Oil prices mixed as Ukraine fears recede

SINGAPORE: Oil prices were mixed in Asia Wednesday as fears of an immediate armed conflict in Ukraine receded, but analy

Published 05 Mar, 2014 04:00am

Energy

Sinopec targets lower prices for crude in cost saving plan

BEIJING: China's Sinopec Corp is seeking to buy crude oil at a lower price starting from April, trade sources said,

Published 04 Mar, 2014 08:37am

Energy

Oil prices mixed, eyes on Ukraine crisis

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as investors cautiously watch events in Ukraine, with western po

Published 04 Mar, 2014 06:05am

Energy

Brent holds above $111 as tensions over Ukraine crisis rise

SINGAPORE: Brent crude held above $111 on Tuesday, at its highest levels since the end of last year, as tensions over Ru

Published 04 Mar, 2014 05:00am

Energy

Oil prices surge as Ukraine mobilises army

SINGAPORE: Oil prices surged in Asian trade Monday as Ukraine's Western-backed government mobilised the army with Ru

Published 03 Mar, 2014 06:04am

Energy

Russia Feb oil output down to 10.58mn bpd

MOSCOW: Russian oil production fell to 10.58 million barrels per day in February from 10.62 million barrels per day a mo

Published 02 Mar, 2014 08:29am

Energy

TonenGeneral Kawasaki cracker on fire, refining normal elsewhere

TOKYO: Japanese oil refiner TonenGeneral Sekiyu KK said several workers were injured when a fire broke out on Saturday i

Published 01 Mar, 2014 05:02pm

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding

Published 28 Feb, 2014 06:11am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding

Published 28 Feb, 2014 04:06am

Energy

Sinopec shares outperform sluggish China market

HONG KONG: Chinese state oil giant Sinopec outperformed a sluggish mainland stock market on Thursday, after Beijing incr

Published 27 Feb, 2014 08:17am

Energy

Oil prices ease ahead of Yellen testimony

SINGAPORE: Oil prices eased in Asian trade Thursday as investors await congressional testimony by the US central bank ch

Published 27 Feb, 2014 07:23am

Energy

Brent eases towards $109 on demand worries; supply fears support

SINGAPORE: Brent futures slipped towards $109 on Thursday on worries an easing of the severe chill in the United States

Published 27 Feb, 2014 06:18am

Energy

Oil prices ease ahead of Yellen testimony

SINGAPORE: Oil prices eased in Asian trade Thursday as investors await a testimony by the US central bank chief for fres

Published 27 Feb, 2014 04:27am

Energy

Oil prices up ahead of US stockpiles report

SINGAPORE: Oil prices edged higher in Asian trade Wednesday as dealers await the latest US crude stockpiles data for clu

Published 26 Feb, 2014 04:50am

Energy

Brent weak as US crude stocks seen rising, holds above $110 on Libya

SINGAPORE: Brent futures eased on Tuesday on expectations US crude stockpiles rose for a second straight week, but held

Published 25 Feb, 2014 06:33am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday as caution set into the market ahead of the release of US economic an

Published 25 Feb, 2014 06:10am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday as caution set into the market ahead of the release of US economic an

Published 25 Feb, 2014 04:04am

Energy

Brent rises above $110 on hopes of revived demand growth

SINGAPORE: Brent futures rose above $110 a barrel on Monday, defying the losses seen in most other risk assets on expect

Published 24 Feb, 2014 06:26am

Energy

Oil rebounds after G20 vows to spur global growth

SINGAPORE: Oil prices rebounded in Asian trade Monday as the world's biggest economies vowed to spur global growth b

Published 24 Feb, 2014 05:50am

Energy

Oil rebounds after G20 vows to spur global growth

SINGAPORE: Oil prices rebounded in Asian trade Monday as the world's biggest economies vowed to spur global growth b

Published 24 Feb, 2014 04:40am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Friday as dealers weighed concerns that the Chinese economy may be losin

Published 21 Feb, 2014 04:06am

Energy

Oil down in Asia on weaker China manufacturing sector

SINGAPORE: Oil prices fell in Asian trade Thursday after a closely-watched index showed that China's key manufacturi

Published 20 Feb, 2014 11:58am

Energy

Sinopec seeks private investment in marketing arm

HONG KONG: Sinopec Corp, Asia's largest oil refiner, plans to restructure its retail and wholesale business and sell

Published 19 Feb, 2014 02:16pm

Energy

Brent holds above $110, WTI near 4-month top on winter boost

SINGAPORE: Brent crude held above $110 a barrel on Wednesday, underpinned by geopolitical concerns in Africa and Venezue

Published 19 Feb, 2014 05:36am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil was mixed in Asia on Wednesday, with extreme US weather and renewed conflict in South Sudan providing sup

Published 19 Feb, 2014 04:31am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday with cold weather in the United States pushing demand for heatin

Published 18 Feb, 2014 04:09am

Energy

BP to partly shut Indonesia LNG facility in July for maintenance

JAKARTA: One liquefied natural gas (LNG) train at BP's Tangguh facility in Indonesia will shutdown for 30 days for p

Published 17 Feb, 2014 06:31am

Energy

South Korea's KNOC selling land for refining or petchem investment

SEOUL: Korea National Oil Corp (KNOC) is seeking a refiner or a petrochemical maker willing to buy land to build a 5 tri

Published 17 Feb, 2014 05:33am

Energy

Brent slips below $109 as demand fears weigh; cold spell supports

SINGAPORE: Brent futures fell below $109 a barrel on Monday as disappointing US economic data revived demand growth conc

Published 17 Feb, 2014 05:30am

Energy

Oil prices mixed after lacklustre US stockpiles, economic data

SINGAPORE: Oil prices were mixed in Asian trade Friday as investors digested lacklustre US stockpiles and economic data

Published 14 Feb, 2014 05:26am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asian trade Thursday, but losses were curbed on upbeat sentiment over demand in the

Published 13 Feb, 2014 08:09am

Energy

Brent edges lower toward $108; higher demand outlook caps losses

SINGAPORE: Brent crude slipped towards $108 a barrel on Thursday, falling for the first time in three sessions on worrie

Published 13 Feb, 2014 05:54am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices edged slightly lower in Asian trade Thursday, but losses were curbed on upbeat sentiment over dema

Published 13 Feb, 2014 04:29am

Energy

Brent edges higher toward $109 on strong China trade data

SINGAPORE: Brent crude edged higher toward $109 a barrel on Wednesday after data showed Chinese oil imports hit a record

Published 12 Feb, 2014 07:13am

Energy

Oil prices up in Asian trade

SINGAPORE: US oil prices remained above $100 a barrel in Asian trade Tuesday on stronger demand, but trading was subdued

Published 11 Feb, 2014 06:04am

Energy

Brent edges toward $109 on optimism Yellen to assure markets

SINGAPORE: Brent crude edged toward $109 a barrel on Tuesday on cautious optimism that the Federal Reserve's new hea

Published 11 Feb, 2014 05:26am

Energy

Oil prices mixed in Asian trade

SINGAPORE: US oil prices remained above $100 a barrel in Asian trade Tuesday on stronger demand, but trading was subdued

Published 11 Feb, 2014 05:02am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asia Monday following weak US jobs data but losses were curbed as fears of another severe

Published 10 Feb, 2014 06:23am

Energy

Brent slips towards $109 after touching 5-week high

SINGAPORE: Brent crude eased back after hitting a five-week high above $109 a barrel on Monday as investors look ahead t

Published 10 Feb, 2014 05:54am

Energy

Brent stays above $107, set for weekly gain; US jobs eyed

SINGAPORE: Brent crude steadied above $107 a barrel on Friday, heading for a second weekly gain in three on optimism US

Published 07 Feb, 2014 09:04am

Energy

Oil prices mixed ahead of US jobs data

SINGAPORE: Oil prices were mixed in Asian trade Friday as investors await the release of US jobs data, while a severe wi

Published 07 Feb, 2014 06:11am

Energy

Oil prices mixed ahead of US jobs release

SINGAPORE: Oil prices were mixed in Asian trade Friday as investors await the release of US jobs data, while severe wint

Published 07 Feb, 2014 04:20am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday, extending gains on stronger demand for heating fuel in the United St

Published 06 Feb, 2014 04:38am

Energy

Brent rises above $106; fall in Cushing stocks buoys US crude

SINGAPORE: Brent crude rose above $106 a barrel on Wednesday, pulled higher by gains in US benchmark oil after industry

Published 05 Feb, 2014 07:22am

Energy

Brent hovers around $106 as winter demand offset weak economic data

SINGAPORE: Brent hovered at around $106 a barrel on Tuesday as a frigid winter boosted heating oil demand in Europe and

Published 04 Feb, 2014 05:12am

Energy

Oil prices down in Asia on weak Chinese data

SINGAPORE: Oil prices eased in Asian trade Monday as data showing weak Chinese manufacturing activity fuelled concerns o

Published 03 Feb, 2014 07:00am

Energy

Brent hits 2 week low at $106; supply fears, dollar stem losses

SINGAPORE: Brent futures fell to a two-week low on Monday at $106 a barrel as weak factory data from China stoked demand

Published 03 Feb, 2014 06:33am

Energy

Oil prices down in Asia on weak Chinese data

SINGAPORE: Oil prices eased in Asian trade Monday as data showing weak Chinese manufacturing activity fuelled concerns o

Published 03 Feb, 2014 05:38am

Energy

Oil prices dip after rallying on US growth data

HONG KONG: Oil prices retreated in thin Asian holiday trade on Friday after hitting their highest levels of the year in

Published 31 Jan, 2014 04:31am

Energy

Oil prices mixed after Fed taper decision

SINGAPORE: Oil prices were mixed in Asian trade Thursday as global markets reeled from the Federal Reserve's decisio

Published 30 Jan, 2014 05:39am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Wednesday amid expectations of an increase in US inventories, and as tra

Published 29 Jan, 2014 06:27am

Energy

Oil rebounds in Asia on bargain hunting

SINGAPORE: Oil prices rebounded in Asian trade Tuesday on bargain hunting following sharp falls stoked by turbulence in

Published 28 Jan, 2014 06:36am

Energy

Seoul shares end higher as auto, telecom firms support

SEOUL: Seoul shares ended higher on Tuesday, off a five-month closing low the previous day, buoyed by strength in the au

Published 28 Jan, 2014 06:25am

Energy

Brent rises to $107 as steepest fall in 3 weeks prompts buying

SINGAPORE: Brent futures rose to $107 a barrel on Tuesday as the steepest fall in three weeks prompted fresh buying, wit

Published 28 Jan, 2014 05:34am

Energy

Oil rebounds in Asia on bargain hunting

SINGAPORE: Oil prices rebounded in Asian trade Tuesday on bargain hunting following sharp falls stoked by turbulence in

Published 28 Jan, 2014 04:30am

Energy

India's ONGC re-issues tender to sell Feb cargo

SINGAPORE: India's Oil & Natural Gas Corp (ONGC) has offered 35,000 tonnes of naphtha for February loading from

Published 27 Jan, 2014 06:30am

Energy

Oil prices mixed ahead of Fed policy meeting

SINGAPORE: Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting

Published 27 Jan, 2014 05:57am

Energy

Brent eases towards $107, China slowdown stokes demand worries

SINGAPORE: Brent futures eased towards $107 a barrel on Monday as concerns of a slowdown in China stoked demand growth w

Published 27 Jan, 2014 04:57am

Energy

Oil prices mixed ahead of Fed policy meeting

SINGAPORE: Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting

Published 27 Jan, 2014 04:19am

Energy

Vietnam Jan crude exports fall 29pc y/y

HANOI: Vietnam's crude oil exports in January fell an estimated 29.0 percent from a year earlier to 580,000 tonnes,

Published 24 Jan, 2014 06:30am

Energy

Brent holds above $107, set for biggest gain in five weeks

SINGAPORE: Brent futures held above $107 a barrel on Friday, as a bitter cold in the United States boosted demand for he

Published 24 Jan, 2014 06:21am

Energy

Oil prices hit by profit-taking in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday as investors locked in profits after they hit their highest levels t

Published 23 Jan, 2014 04:40am

Energy

Asia Fuel Oil-Lower supply underpins market

SINGAPORE: Asia 180-cst and 380-cst fuel oil premiums held firm on Wednesday, underpinned by lower arbitrage supply and

Published 22 Jan, 2014 11:43am

Energy

Oil prices extend gains in Asia

SINGAPORE: World oil prices extended gains in Asian trade Wednesday as investors cheered the IMF's upbeat forecast f

Published 22 Jan, 2014 05:21am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Crude prices were mixed in Asian trade Tuesday on easing supply concerns as a landmark deal to curb oil-rich

Published 21 Jan, 2014 06:43am

Energy

Oil prices down in Asian trade

SINGAPORE: Crude prices dipped in Asian trade Tuesday on easing supply concerns as a landmark deal to curb oil-rich Iran

Published 21 Jan, 2014 04:30am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday after China's 2013 economic growth came in at its slowest rate in

Published 20 Jan, 2014 06:22am

Energy

Brent falls towards $106 on strong dollar; China data may support

SINGAPORE: Brent crude edged down towards $106 per barrel on Monday, pulled lower by a strong dollar, while robust Chine

Published 20 Jan, 2014 05:11am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday after China's 2013 economic growth came in at its slowest rate in

Published 20 Jan, 2014 04:43am

Energy

Oil prices down in Asian trade

SINGAPORE: World oil prices eased in Asian trade Friday owing to supply concerns as non-OPEC members such as the United

Published 17 Jan, 2014 05:19am

Energy

Brent falls below $107 as supply outlook brightens

SINGAPORE: Brent crude fell below $107 a barrel on Thursday, as expectations of more supply from the Middle East and Nor

Published 16 Jan, 2014 05:04am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices slipped on profit-taking in Asian trade Wednesday following a recent rally, while the return of Li

Published 15 Jan, 2014 06:07am

Energy

China 2014 oil demand seen up 4pc, gas up 11pc

BEIJING: China's implied oil demand in 2014 is expected to rise around 4 percent from a year earlier to 518 million

Published 15 Jan, 2014 05:47am

Energy

Brent drops towards $106 on Iran pact; US data eyed

SINGAPORE: Brent crude edged down towards $106 a barrel on Wednesday as the prospect of a rise in Iranian oil exports we

Published 15 Jan, 2014 05:40am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Monday on concerns that disappointing US jobs data could affect demand in the

Published 13 Jan, 2014 06:30am

Energy

Oil rebounds from eight-month lows

SINGAPORE: Crude prices bounced back from eight month lows in Asian trade Friday on bargain hunting and concerns over th

Published 10 Jan, 2014 06:45am

Energy

Oil prices rebound in Asian trade

SINGAPORE: Oil prices rebounded in afternoon Asian trade Thursday after US inventory data showed a decline in crude supp

Published 09 Jan, 2014 06:26am

Energy

Brent edges up towards $108 on supply concerns

SINGAPORE: Brent crude rose towards $108 a barrel on Thursday, supported by continued concerns over supply from the Midd

Published 09 Jan, 2014 05:22am

Energy

Oil prices edge higher ahead of US stockpiles report

SINGAPORE: Oil prices edged higher in Asia Wednesday as dealers sat on the sidelines ahead of an upcoming US stockpiles

Published 08 Jan, 2014 06:18am

Energy

Brent edges up towards $108 on worries over Libyan supplies

SINGAPORE: Brent crude rose towards $108 per barrel on Wednesday, supported by new worries over Libyan supplies and expe

Published 08 Jan, 2014 05:19am

Energy

Brent oil to test support at $106.35

SINGAPORE: Brent oil may test a support at $106.35 per barrel, a break below which will open the way towards $105.59.The

Published 07 Jan, 2014 05:43am

Energy

Vietnam's Petrolimex seeks spot diesel for Feb; skips Q1 term

SINGAPORE: Vietnam's top fuel importer and distributor Petroleum Import-Export Corp, or Petrolimex, is seeking 70,00

Published 07 Jan, 2014 05:09am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Friday after a steep decline in US trade, as investors await the release

Published 03 Jan, 2014 06:21am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in subdued Asian trade Thursday as investors anticipated upbeat US stockpiles data an

Published 02 Jan, 2014 06:16am

Energy

Brent edges up to $111, but weak China data drags

SINGAPORE: Brent crude edged up to $111 a barrel on Thursday on a drop in US inventories and output cuts in Libya and So

Published 02 Jan, 2014 04:41am

Energy

Brent to end 2013 flat as supply fears offset weak demand

SINGAPORE: Brent futures held above $111 a barrel on Tuesday on worries about a prolonged outage from OPEC member Libya,

Published 31 Dec, 2013 05:37am

Energy

Sri Lanka state-run oil firm to break even in 2013-officials

COLOMBO: Sri Lanka's state-run oil firm will break even this year after years of losses despite losing a hedging cas

Published 30 Dec, 2013 09:12pm

Energy

Indonesia regulator sees gas exports up 14pc in 2014

JAKARTA: Indonesia's natural gas exports are expected to increase by 14 percent in 2014 to 3.850 billion cubic feet

Published 30 Dec, 2013 08:45am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in thin Asian trade Monday as investors focused on a fall in US crude inventories, in

Published 30 Dec, 2013 06:27am

Energy

Brent higher amid unrest in South Sudan, Libya

SINGAPORE: Brent oil held steady above $112 per barrel on Monday, supported by continued unrest in oil-producing African

Published 30 Dec, 2013 05:22am

Energy

Oil prices mixed ahead of US stockpiles report

SINGAPORE: Oil prices were mixed in Asian trade Friday as dealers looked ahead to a US stockpiles report expected to ind

Published 27 Dec, 2013 06:20am

Energy

Oil prices down ahead of US stockpiles report

SINGAPORE: Oil prices edged lower in Asian trade Friday as dealers looked ahead to a US stockpiles report expected to in

Published 27 Dec, 2013 05:31am

Energy

Oil prices up on escalating South Sudan violence

SINGAPORE: Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer S

Published 26 Dec, 2013 05:09am

Energy

Azeri oil output slightly up

BAKU: Azerbaijan's oil and condensate output rose by 0.2 percent year on year in the January-November period to 39.5

Published 25 Dec, 2013 06:12pm

Energy

Brent stays above $111 on South Sudan conflict

SINGAPORE: Brent crude stayed above $111 a barrel on Tuesday as conflict in South Sudan threatened its oil output at a t

Published 24 Dec, 2013 05:44am

Energy

Oil prices turn lower in Asian trade

SINGAPORE: Oil prices turned lower in pre-holiday trading Monday, but retained support from bullish US economic data tha

Published 23 Dec, 2013 06:41am

Energy

Brent hits 2-week high above $111, threat to South Sudan supply

SINGAPORE: Brent crude rose to a two-week high above $111 a barrel on Monday as internal strife in South Sudan threatene

Published 23 Dec, 2013 04:52am

Energy

Oil prices slip on profit-taking

SINGAPORE: Oil prices eased on profit-taking in thin Asian trade Friday following gains in New York fuelled by upbeat se

Published 20 Dec, 2013 04:30am

Energy

Oil prices down as investors digest Fed tapering

SINGAPORE: Oil prices eased in Asian trade Thursday after the US Federal Reserve said it would next month start to scale

Published 19 Dec, 2013 06:52am

Energy

Brent slips towards $109 as dollar rises on Fed stimulus tapering

SINGAPORE: Brent futures slipped towards $109 a barrel on Thursday after shrugging off in the previous session the US Fe

Published 19 Dec, 2013 04:51am

Energy

Brent holds above $108 ahead of Fed decision on stimulus

SINGAPORE: Brent futures held steady above $108 a barrel on Wednesday after their previous day's slide, with investo

Published 18 Dec, 2013 06:01am

Energy

Japan's November crude imports rise 10.5pc yr/yr

TOKYO: The volume of Japan's customs-cleared crude oil imports rose 10.5 percent in November from the same month a y

Published 18 Dec, 2013 05:50am

Energy

Oil prices down on speculation over US stimulus

SINGAPORE: Oil prices edged lower in Asian trade Tuesday on growing expectations the US Federal Reserve will scale back

Published 17 Dec, 2013 06:17am

Energy

Brent eases towards $109, gains prompt selling ahead of Fed meet

SINGAPORE: Brent futures slipped towards $109 a barrel on Tuesday as the biggest gain in two weeks overnight prompted in

Published 17 Dec, 2013 05:55am

Energy

Turkey to raise stake to 30pc in Azeri gas pipeline

ANKARA: Turkey has agreed with Azerbaijan to raise its stake in the multi-billion dollar Trans-Anatolian natural gas pip

Published 17 Dec, 2013 05:36am

Energy

Tiger Airways shares rise 3pc after joint venture plan announced

SINGAPORE: Shares in Tiger Airways Holdings Ltd rose 3 pct on Monday after it announced a joint venture with China Airli

Published 16 Dec, 2013 07:04am

Energy

China Nov crude oil output up 0.36pc y/y

BEIJING: China's November crude oil output inched up 0.36 percent from a year ago to 17.27 million tonnes, while nat

Published 16 Dec, 2013 06:53am

Energy

Oil prices mixed ahead of US Fed meeting

SINGAPORE: Oil prices edged higher in Asian trade Monday as investors focused on the US Federal Reserve's policy mee

Published 16 Dec, 2013 06:49am

Energy

Brent rises above $109 on Libya, gains capped ahead of Fed meet

SINGAPORE: Brent futures rose above $109 a barrel on Monday as supply concerns revived after Libya failed to reach a dea

Published 16 Dec, 2013 05:57am

Energy

Sri Lanka reinstates Vitol supplier status after fuel dispute

COLOMBO: Sri Lanka has reinstated Vitol, the world's largest oil trading firm, as a supplier after investigations fa

Published 15 Dec, 2013 06:15pm

Energy

Oil down in Asia on oversupply, Fed concerns

SINGAPORE: Oil prices slipped in Asian trade Friday as dealers worried about a global oversupply in crude, while specula

Published 13 Dec, 2013 05:58am

Energy

Oil mixed in Asia on oversupply, Fed tapering concerns

SINGAPORE: Oil prices were mixed in Asian trade Friday as dealers worried about a global oversupply in crude, while spec

Published 13 Dec, 2013 05:07am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday on a mixed US inventory report indicating tepid demand, while expect

Published 12 Dec, 2013 05:55am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday on a mixed US inventory report indicating tepid demand, while expect

Published 12 Dec, 2013 04:04am

Energy

Oil prices edge lower ahead of US stockpiles data

SINGAPORE: Oil prices edged lower in Asian trade with few leads to spur fresh market movement, but retained support from

Published 11 Dec, 2013 07:23am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Tuesday, with strong US economic data lifting investor sentiment, analyst

Published 10 Dec, 2013 06:46am

Energy

Brent holds above $109 ahead of China data

SINGAPORE: Brent crude hovered above $109 a barrel on Tuesday ahead of data from China that may reaffirm signs of stabil

Published 10 Dec, 2013 06:07am

Energy

Oil prices climb in Asian trade

SINGAPORE: Oil prices rose in Asian trade Monday as robust US jobs data boosted hopes for stronger energy demand in the

Published 09 Dec, 2013 06:02am

Energy

Brent holds steady, chance of Fed taper offsets upbeat China

SINGAPORE: Brent crude oil futures held near $112 a barrel on Monday, underpinned by upbeat economic data from the Unite

Published 09 Dec, 2013 05:46am

Energy

Dana Petroleum finds crude oil in North Sea: KNOC

SEOUL: State-run Korea National Oil Corp (KNOC) said its subsidiary Dana Petroleum had made a crude oil discovery in the

Published 08 Dec, 2013 07:41am

Energy

Oil prices mixed before US jobs data

LONDON: World oil prices diverged on Friday before US jobs data, with traders looking to see if the numbers will hasten

Published 06 Dec, 2013 02:26pm

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher in Asian trade Friday on upbeat US economic and stockpiles data indicating resurgent

Published 06 Dec, 2013 06:24am

Energy

Oil prices mixed amid Middle East oversupply concerns

SINGAPORE: Oil prices were mixed in Asian trade Thursday as dealers worried about an oversupply in Middle Eastern crude,

Published 05 Dec, 2013 07:02am

Energy

Oil prices mixed amid Middle East oversupply concerns

SINGAPORE: Oil prices were mixed in Asian trade Thursday as dealers worried about an oversupply in Middle Eastern crude,

Published 05 Dec, 2013 04:57am

Energy

Brent edges toward $113; US crude boosted by pipeline news

SINGAPORE: Brent crude climbed towards $113 a barrel on Wednesday, while the US benchmark rose more than $1 to a five-we

Published 04 Dec, 2013 05:19am

Energy

Tokyo stocks open 1.46pc lower

TOKYO: Tokyo stocks opened 1.46 percent lower on Wednesday after US shares fell and the dollar dropped on concerns over

Published 04 Dec, 2013 04:37am

Energy

Brent steady above $111 on stronger demand outlook for oil

SINGAPORE: Brent crude held steady above $111 a barrel on Tuesday on an improving demand outlook after recent strong glo

Published 03 Dec, 2013 05:56am

Energy

Oil prices edge higher after upbeat Chinese data

SINGAPORE: Oil prices rose in Asian trade Monday as dealers welcomed upbeat manufacturing data in China, the world's

Published 02 Dec, 2013 06:26am

Energy

Brent climbs above $110 on China data, supply concerns

SINGAPORE: Brent crude edged above $110 a barrel on Monday after Chinese industrial activity clung to an 18-month high l

Published 02 Dec, 2013 05:26am

Energy

New Zealand's Z Energy to buy diesel, gasoline from Korea

SINGAPORE: New Zealand fuel company Z Energy plans to buy about 600 million litres, or more than 3.7 million barrels, of

Published 29 Nov, 2013 09:43am

Energy

Hong Kong stocks rise 0.32pc by lunch

HONG KONG: Hong Kong stocks ended the morning session 0.32 percent higher Friday in quiet trade owing to a holiday in US

Published 29 Nov, 2013 05:40am

Energy

US oil prices extend losses over stockpiles surge

SINGAPORE: US oil prices fell further in Asian trade Thursday as dealers focused on an unexpectedly large surge in stock

Published 28 Nov, 2013 06:13am

Energy

PetroChina faces US securities complaint

SHANGHAI: An unidentified shareholder is taking legal action in the United States against PetroChina, the listed unit of

Published 27 Nov, 2013 06:37am

Energy

Oil prices mixed ahead of US inventory report

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as dealers anticipated a further increase in US crude stockpil

Published 27 Nov, 2013 06:13am

Energy

Brent holds near $111 on supply concerns, high US stocks weigh

SINGAPORE: Brent futures held near $111 a barrel on Wednesday as ongoing unrest in Libya stoked supply fears just as win

Published 27 Nov, 2013 05:08am

Energy

Brent holds near $111 as timing of rise in Iran oil exports unclear

SINGAPORE: Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the hi

Published 26 Nov, 2013 12:43pm

Energy

Oil prices mixed amid uncertainty over Iran nuclear accord

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as concerns over a sudden glut in Iranian supply eased amid scep

Published 26 Nov, 2013 05:10am

Energy

China's Sinopec moves VLCCs away from Qingdao port after blast

SINGAPORE: China Petroleum & Chemical Corp (Sinopec) has diverted at least two very large crude carriers (VLCC) away

Published 25 Nov, 2013 07:30am

Energy

US oil to retest resistance at $95.25

SINGAPORE: US oil may retest a resistance at $95.25 per barrel, as it has not completed a rebound from the Nov. 19 low o

Published 25 Nov, 2013 05:09am

Energy

Brent oil to seek support at $108.18

SINGAPORE: Brent oil is expected to find a support at $108.18 and then rebound to $109.41 per barrel.It seems a three-wa

Published 25 Nov, 2013 05:07am

Energy

Brent slips below $110, but on track for second weekly gain

SINGAPORE: Brent oil futures slipped below $110 per barrel on Friday but were on track to end higher for the second week

Published 22 Nov, 2013 01:25pm

Energy

Pacific crude exports seen down in Jan vs Dec

SINGAPORE: Exports of sweet crudes and condensate from Australia, Papua New Guinea and East Timor will fall in January,

Published 21 Nov, 2013 05:59am

Energy

Brent slips below $108 on Fed taper worries, Iran deal hopes

SINGAPORE: Brent futures slipped below $108 a barrel on Thursday on expectations the US Federal Reserve would scale back

Published 21 Nov, 2013 05:52am

Energy

Brent slips near $108 as Fed 'tapering' worries resurface

SINGAPORE: Brent slipped to near $108 a barrel on Tuesday as renewed concern about the possible tightening of monetary p

Published 19 Nov, 2013 05:28am

Energy

China shares have biggest daily gain in two months, financials lead

HONG KONG: China shares posted their biggest gain in more than two months on Monday, led by the financial sector as inve

Published 18 Nov, 2013 07:30am

Energy

Brent edges down toward $108; Iran talks in focus

SINGAPORE: Brent crude slipped toward $108 a barrel on Monday as traders focused on a resumption of talks between Iran a

Published 18 Nov, 2013 05:33am

Energy

Brent steady above $107; Yellen speech, inventories in focus

SINGAPORE: Brent futures held steady above $107 per barrel on Thursday, as investors balanced dovish Federal Reserve com

Published 14 Nov, 2013 05:20am

Energy

Brent edges above $106; Fed stimulus, oil stocks in focus

SINGAPORE: Brent crude climbed above $106 per barrel on Wednesday, recovering some lost ground after oil was hit by spec

Published 13 Nov, 2013 05:18am

Energy

Israel top private power plant heralds end to monopoly

MISHOR ROTEM: Israel's biggest private power plant, running on gas from the Tamar field, opened on Tuesday, the firs

Published 12 Nov, 2013 05:36pm

Energy

Vietnam index closes down 0.7pc on high volume, profit-taking

HANOI: Vietnam's benchmark VN Index dropped 0.68 percent to close at 497.65 points on Tuesday as investors sold stoc

Published 12 Nov, 2013 08:57am

Energy

Oil prices lower in Asian trade

SINGAPORE: Oil prices edged lower in Asian trade Tuesday as dealers await fresh developments in the bid by world powers

Published 12 Nov, 2013 06:38am

Energy

Brent edges down towards $106; Iran deal in focus

SINGAPORE: Brent crude futures dropped towards $106 per barrel on Tuesday, as investors eyed the next round of talks on

Published 12 Nov, 2013 05:08am

Energy

Oil rises after Iran nuclear talks stall

SINGAPORE: Oil prices rose in Asian trade Monday after marathon talks in Geneva aimed at convincing Iran to halt its dis

Published 11 Nov, 2013 06:39am

Energy

China's Oct oil demand steadies as refiners pump more

BEIJING: China's implied oil demand inched up 0.3 percent in October from a year earlier, after dipping the previous

Published 11 Nov, 2013 12:28am

Energy

China's Oct oil demand steadies as refiners pump more

BEIJING: China's implied oil demand inched up 0.3 percent in October from a year earlier, after dipping the previous

Published 09 Nov, 2013 01:39pm

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Thursday, with US crude extending its rebound from five-month lows on st

Published 07 Nov, 2013 05:01am

Energy

Oil prices rise ahead of US stockpiles report

SINGAPORE: Oil prices rose in Asian trade Wednesday but faced pressure from US demand fears and speculation over the fut

Published 06 Nov, 2013 05:57am

Energy

Brent rises back towards $106 after US oil product data

SINGAPORE: Brent futures rose towards $106 a barrel on Wednesday after investors in Asia latched on to a fall in US oil

Published 06 Nov, 2013 04:33am

Energy

Brent near 4 month low; worries over Libyan supply keep it above $106

SINGAPORE: Brent futures on Tuesday traded near a four-month low touched overnight, but worries over a prolonged outage

Published 05 Nov, 2013 05:14am

Energy

Saudi Aramco hikes Light crude price

NEW YORK: Saudi Aramco has raised its December official selling price for Arab Light crude for Asian customers by 25 cen

Published 04 Nov, 2013 05:37pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Monday as dealers await US economic data this week that could provide an indica

Published 04 Nov, 2013 05:24am

Energy

Brent oil may temporarily bottom around $105.49

SINGAPORE: Brent oil may form a temporary bottom in a support zone of $105.49-$105.78 per barrel, and rebound towards $1

Published 04 Nov, 2013 04:50am

Energy

Middle East Crude: Strong as Formosa buys Basra at premiums

SINGAPORE: The Middle East crude market strengthened further on Friday on strong demand after Taiwan's Formosa bough

Published 01 Nov, 2013 12:15pm

Energy

Oil prices up in Asia

SINGAPORE: Oil prices rose in Asia Friday on news that China's manufacturing grew at its strongest pace in 18 months

Published 01 Nov, 2013 07:50am

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Friday on weak US demand and news that a terminal in Libya will resume producti

Published 01 Nov, 2013 05:00am

Energy

Malaysia's UMW Oil & Gas surges 10pc on market debut

KUALA LUMPUR: Shares in UMW Oil and Gas Corp. climbed 10 percent on their stock market debut Friday, after raising $740

Published 01 Nov, 2013 04:56am

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices fell in Asian trade Thursday, in line with regional equities, after the US Federal Reserve kept it

Published 31 Oct, 2013 05:53am

Energy

Oil prices dip ahead of US stockpiles report

SINGAPORE: Oil prices edged lower in Asian trade Wednesday as investors bet on a further increase in US inventories, ind

Published 30 Oct, 2013 05:58am

Energy

India's Iran oil imports drop as refiners await insurance fund

NEW DELHI: India's crude imports from Iran fell 40 percent in the first nine months of this year as some refiners cu

Published 29 Oct, 2013 07:16am

Energy

Brent edges down, holding above $109/bbl on Libya

TOKYO: Brent crude futures edged lower toward $109 a barrel on Tuesday ahead of the Federal Reserve's policy-setting

Published 29 Oct, 2013 05:28am

Energy

French energy giant signs uranium deal with Mongolia

ULAN BATOR: - French nuclear energy giant Areva signed a deal with Mongolia's state-owned Mon-Atom on Saturday to de

Published 26 Oct, 2013 09:40am

Energy

India's GAIL to buy 19 LNG cargoes by March

NEW DELHI: State-run gas utility GAIL India Ltd plans to buy 19 cargoes of liquefied natural gas (LNG) by March, out of

Published 25 Oct, 2013 12:19pm

Energy

Oil prices rise in Asian trade

SINGAPORE: Crude prices rose in Asian trade Friday on encouraging US corporate earnings, but analysts warned that worrie

Published 25 Oct, 2013 04:27am

Energy

South Korea KNOC says to raise $3bn locally by 2017 for investment

SEOUL: Korea National Oil Corporation (KNOC) said it aims to raise 3.1 trillion won ($2.9 billion) by 2017 from local in

Published 24 Oct, 2013 06:30am

Energy

Brent edges up towards $108, positive Chinese data offsets US stocks build

SINGAPORE: Brent crude futures edged up towards $108 a barrel on Thursday after positive economic data from China, the w

Published 24 Oct, 2013 06:13am

Energy

Oil extends losses in Asian trade

SINGAPORE: US oil prices extended their losses in Asian trade Wednesday as dealers focused on rising stockpiles that ind

Published 23 Oct, 2013 06:28am

Energy

China end-Sept crude oil stocks up 1.43pc on month

BEIJING: China's commercial crude oil inventories at the end of September rose 1.43 percent from a month earlier, of

Published 23 Oct, 2013 05:19am

Energy

Brent slips below $110, but supported by weak dollar

SINGAPORE: Brent crude edged lower under $110 a barrel on Wednesday, supported by a weak dollar as disappointing US jobs

Published 23 Oct, 2013 05:18am

Energy

US crude hits 3-1/2 month low below $99 on stocks build

SINGAPORE: US crude oil fell below $99 a barrel on Tuesday to its lowest level since early July after crude stockpiles r

Published 22 Oct, 2013 06:24am

Energy

Myanmar-to-China gas pipeline fully open: media

BEIJING: A pipeline pumping natural gas from Myanmar to energy-hungry China has gone fully operational, state-run Chines

Published 21 Oct, 2013 05:59am

Energy

Oil prices up as investors await delayed US data

SINGAPORE: Oil prices edged higher in Asian trade Monday as dealers await long-delayed US economic data for clues about

Published 21 Oct, 2013 05:25am

Energy

Brent edges below $111 on hopes of US debt deal, ahead of Iran talks

SINGAPORE: Brent oil extended overnight losses to edge below $111 per barrel on Tuesday, ahead of talks over Iran's

Published 15 Oct, 2013 05:20am

Energy

South Korea's Sept Iran oil imports keep it close to target

SEOUL: South Korea's Iranian crude oil imports more than doubled in September from August, but its intake levels rem

Published 15 Oct, 2013 05:18am

Energy

Oil prices edge lower on fears of US debt default

SINGAPORE: Oil prices edged lower in Asian trade Monday as the United States faces a potentially devastating sovereign d

Published 14 Oct, 2013 07:04am

Energy

Brent drifts towards $111 on lower Chinese exports, US budget crisis

SINGAPORE: Brent futures edged lower towards $111 per barrel on Monday after an unexpected decline in China's export

Published 14 Oct, 2013 04:22am

Energy

China mulls lifting coal export tax in 2014

SHANGHAI: the world's top producer and consumer of coal, is considering scrapping a 10 percent tariff on exports of

Published 12 Oct, 2013 10:22am

Energy

Oil prices lower in Asian trade

SINGAPORE: Oil prices dipped in Asian trade Friday despite hopes of a breakthrough in the crippling budget impasse in Wa

Published 11 Oct, 2013 04:48am

Energy

Oil rebounds on breakthrough hopes in US budget crisis

SINGAPORE: Oil prices rebounded in Asian trade Thursday on hopes of a possible breakthrough in the US budget crisis afte

Published 10 Oct, 2013 04:43am

Energy

South Korea's SK Energy to step up fuel oil imports from West

SINGAPORE: South Korea's SK Energy is set to ramp up straight-run fuel oil imports from Europe, bypassing Asian trad

Published 09 Oct, 2013 08:19am

Energy

Oil prices down as US shutdown drags on

SINGAPORE: Oil prices edged lower in Asian trade Wednesday with little progress made in ending the bitter US government

Published 09 Oct, 2013 06:18am

Energy

Brent slips below $110 as US budget crisis drags on

SINGAPORE: Brent futures slipped below $110 per barrel on Wednesday, after lawmakers in Washington made little progress

Published 09 Oct, 2013 06:00am

Energy

Oil prices down, eyes on US budget stand-off

SINGAPORE: Crude prices fell in Asia on Tuesday as the political paralysis in Washington over the US budget shows no sig

Published 08 Oct, 2013 07:03am

Energy

Brent lower, holds above $109 despite cloudy demand outlook

SINGAPORE: Brent futures fell slightly but held above $109 on Tuesday, as oil production in the Gulf of Mexico returned

Published 08 Oct, 2013 05:08am

Energy

Japan's JX shuts 110,000 bpd Mizushima topper unit after fire

TOKYO: JX Nippon Oil & Energy Corp, Japan's top oil refiner and a unit of JX Holdings Inc, said it shut its 110,

Published 08 Oct, 2013 05:00am

Energy

Oil prices down on US debt ceiling concerns

SINGAPORE: Oil prices edged lower in Asian trade Monday on growing concerns the US budget crisis could spiral into a dev

Published 07 Oct, 2013 06:13am

Energy

Brent oil biased to break resistance at $109.85

SINGAPORE: Brent oil is biased to break resistance at $109.85 and rise further to $110.60, driven by a wave c.This is th

Published 07 Oct, 2013 05:20am

Energy

Oil prices slip further on US budget stand-off

SINGAPORE: Oil prices retreated in Asian trade Friday as traders grow increasingly concerned at the lack of a breakthrou

Published 04 Oct, 2013 04:39am

Energy

Oil prices slip on fears of protracted US shutdown

SINGAPORE: Oil prices slipped in Asian trade Thursday as investors fretted about the impact on oil demand of any protrac

Published 03 Oct, 2013 06:06am

Energy

Brent slips below $109 as US shutdown drags on, stockpiles jump

SINGAPORE: Brent futures slipped below $109 a barrel on Thursday, after posting their biggest gain in two weeks in the p

Published 03 Oct, 2013 04:57am

Energy

Lebanon launches onshore oil and gas survey

BEIRUT: Lebanon launched an onshore oil and gas survey on Wednesday, hoping that promising results from surveys of its M

Published 02 Oct, 2013 05:44pm

Energy

Brent drops further below $108 on worries US shutdown will dent demand

SINGAPORE: Brent crude extended losses below $108 on Wednesday on concerns the US government shutdown would reduce deman

Published 02 Oct, 2013 05:03am

Energy

Oil prices slip as US slides into government shutdown

SINGAPORE: Oil prices eased in Asian trade Tuesday as the US government began shutting down for the first time in 17 yea

Published 01 Oct, 2013 05:50am

Energy

Brent slips below $108 as US govt begins shutdown

SINGAPORE: Brent crude fell below $108 a barrel on Tuesday to trade near a 7-week low on worries a shutdown of the US go

Published 01 Oct, 2013 05:20am

Energy

Oil prices tumble on concerns over US budget impasse

SINGAPORE: Oil prices tumbled in Asian trade Monday as a budget impasse in the United States threatens to shut down part

Published 30 Sep, 2013 06:38am

Energy

Oil prices tumble on concerns over US budget impasse

SINGAPORE: Oil prices tumbled in Asian trade Monday as a budget impasse in the United States threatens to shut down part

Published 30 Sep, 2013 05:34am

Energy

Oil prices down as US, Russia break deadlock on Syria

SINGAPORE: Oil prices eased in Asian trade Friday after the United States and Russia agreed a draft UN Security Council

Published 27 Sep, 2013 04:22am

Energy

Oil prices lower in Asian trade as Iran ties thaw

SINGAPORE: Oil prices edged lower in Asian trade Thursday after an unexpected surge in US crude stockpiles and fresh sig

Published 26 Sep, 2013 06:12am

Energy

US crude falls for 6th day on Iran hopes, stock build

SINGAPORE: US oil futures dropped for a sixth day running on Thursday, in what could be its longest daily losing streak

Published 26 Sep, 2013 04:53am

Energy

Brent slips towards $108 on hopes of progress in Iran nuclear dispute

SINGAPORE: Brent crude prices eased towards $108 a barrel on Thursday on hopes of progress in resolving a long-standing

Published 26 Sep, 2013 04:48am

Energy

CAO seeks up to 1.2mn bbls of jet fuel for Oct-Nov

SINGAPORE: China Aviation Oil (Singapore) is seeking up to 1.2 million barrels of jet fuel for October to November deliv

Published 26 Sep, 2013 04:42am

Energy

Brent hovers near $109 as Iran, Fed policy in focus

SINGAPORE: Brent crude oil futures were little changed on Wednesday and hovered near $109 a barrel, with investors watch

Published 25 Sep, 2013 05:14am

Energy

South Korea's KNOC says considering selling 'non-core parts' of Harvest

SEOUL: State-run Korea National Oil Corporation (KNOC) is considering selling only "non-core parts" of Harvest Operation

Published 24 Sep, 2013 06:22am

Energy

Oil prices edge lower on easing Middle East concerns

SINGAPORE: Oil prices fell further in Asian trade Tuesday on easing concerns about supplies from the Middle East, but up

Published 24 Sep, 2013 05:44am

Energy

Brent edges down near $108 ahead of Iran nuclear talks

SINGAPORE: Brent crude edged down near $108 a barrel on Tuesday as geopolitical tensions eased slightly ahead of nuclear

Published 24 Sep, 2013 04:36am

Energy

Oil prices mixed after upbeat China manufacturing data

SINGAPORE: Oil prices were mixed in Asian trade Monday despite upbeat manufacturing data from China, which raised hopes

Published 23 Sep, 2013 05:19am

Energy

China Aug crude imports from Iran up 17.5pc y/y

BEIJING: China's crude oil imports from Iran reached 436,296 barrels per day in August, up 17.54 percent from the sa

Published 22 Sep, 2013 09:07am

Energy

Brent holds above $108; Syria, Iran in focus

SINGAPORE: Brent crude prices held steady above $108 a barrel on Friday, set for the biggest weekly decline in three mon

Published 20 Sep, 2013 06:37am

Energy

Oil extends gains as Fed keeps stimulus unchanged

SINGAPORE: Oil prices rose in Asian trade Thursday after the US Federal Reserve's surprise decision to leave its agg

Published 19 Sep, 2013 05:56am

Energy

Brent rises near $111 after Fed keeps stimulus

SINGAPORE: Brent crude rose toward $111 a barrel on Thursday, extending gains for a second day after the United States k

Published 19 Sep, 2013 05:05am

Energy

Oil extends gains as Fed keeps stimulus unchanged

SINGAPORE: World oil prices rose in Asian trade Thursday after the US Federal Reserve kept its huge monetary stimulus pr

Published 19 Sep, 2013 04:18am

Energy

Oil prices mixed ahead of Fed announcement

SINGAPORE: World oil prices were mixed in Asian trade Wednesday as investors await the end of the US Federal Reserve&#39

Published 18 Sep, 2013 05:05am

Energy

Oil extends losses as Syria strike fears recede

SINGAPORE: Oil prices fell further in Asian trade Tuesday on receding fears of a disruption in Middle East supply after

Published 17 Sep, 2013 05:49am

Energy

Brent slips below $110 as Syria tension eases, Fed eyed

SINGAPORE: Brent crude oil futures edged lower on Tuesday, adding to steep losses in the prior session, after a diplomat

Published 17 Sep, 2013 05:01am

Energy

China Sinopec gets Q4 diesel export quota of more than 1mn tonnes

SINGAPORE: Top China refiner Sinopec Corp has received quota from the government to export more than 1 million tonnes of

Published 16 Sep, 2013 09:10am

Energy

Oil prices down after deal on Syrian chemical weapons

SINGAPORE: Oil prices fell in Asian trade on Monday after a US-Russia deal on Syria's chemical weapons averted a pot

Published 16 Sep, 2013 05:41am

Energy

Brent hits 3-week low below $111 after US-Russia deal on Syria

SINGAPORE: Brent oil futures fell by more than a dollar on Monday to a three-week trough below $111 a barrel as supply w

Published 16 Sep, 2013 05:09am

Energy

Taiwan's July fuel oil exports up nearly 9 times from June

SINGAPORE: Taiwan has exported a total of 851,307 barrels of fuel oil in July, almost nine times the amount it had expor

Published 16 Sep, 2013 05:05am

Energy

Oil prices down after deal on Syrian chemical weapons

SINGAPORE: Oil prices fell in Asian trade Monday after a US-Russia deal on Syria's chemical weapons averted a potent

Published 16 Sep, 2013 04:31am

Energy

Oil prices mixed amid Syria focus

SINGAPORE: Oil price were mixed in Asian trade Friday as dealers monitor diplomatic efforts to make Syria give up its ch

Published 13 Sep, 2013 04:56am

Energy

Oil flat in Asian trade

SINGAPORE: Oil prices were flat in Asian trade Thursday as the United States and Russia discussed a plan to remove Syria

Published 12 Sep, 2013 04:20am

Energy

Brent gains above $111 after steep fall on easing Syria tension

TOKYO: Brent crude futures gained ground above $111 a barrel on Wednesday, after falling more than 4 percent in the past

Published 11 Sep, 2013 06:28am

Energy

China's Aug crude runs up 5.5pc on year

BEIJING: China's refinery crude throughput gained 5.5 percent in August versus a year earlier to 39.74 million tonne

Published 10 Sep, 2013 05:50am

Energy

Oil lower as fears of Syria strike ease

SINGAPORE: Oil prices dipped in Asian trade Tuesday as fears of a possible US-led strike on Syria eased, with the United

Published 10 Sep, 2013 05:44am

Energy

Brent drops below $113 on possibility Syria strike may be averted

SINGAPORE: Brent crude oil futures dropped to a one-week low below $113 a barrel on Tuesday as supply fears abated after

Published 10 Sep, 2013 04:54am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday as investors await further developments on a possible US-led military

Published 09 Sep, 2013 05:47am

Energy

Brent oil to consolidate in $115.38-$116.13 range

SINGAPORE: Brent oil may consolidate in a range of $115.38-$116.13 per barrel for one trading session, as it did not bre

Published 09 Sep, 2013 05:23am

Energy

Kazakhstan's Kashagan oilfield to start commercial output in 3-4 weeks

ASTANA: Trial runs will begin at Kazakhstan's giant Kashagan oilfield on Monday, and it may take between three weeks

Published 07 Sep, 2013 01:00pm

Energy

Middle East crude market positive

SINGAPORE: Sentiment in the Middle East crude market held firm on Friday, with Asian buyers worried about limited suppli

Published 06 Sep, 2013 12:11pm

Energy

Indian shares extend more than 1pc

MUMBAI: Indian shares rose more than 1 percent on Friday to their highest close in nearly a month, as ONGC rose on hopes

Published 06 Sep, 2013 12:00pm

Energy

Asia fuel oil market extends losses

SINGAPORE: Asia fuel oil market extended losses on Friday with a continued increase in stockpile in the regional trading

Published 06 Sep, 2013 11:47am

Energy

Oil prices flat in Asia, eyes on Syria crisis

SINGAPORE: Oil prices were flat in Asian trade Friday as investors tracked developments surrounding a looming military s

Published 06 Sep, 2013 06:53am

Energy

Brent hovers above $115 ahead of US data, Syria decision

SINGAPORE: Brent crude held above $115 a barrel on Friday, set for a second weekly rise and supported by concerns that a

Published 06 Sep, 2013 05:44am

Energy

Oil prices rise in Asia, eyes on Syria crisis

SINGAPORE: Oil prices inched higher in Asian trade Friday ahead of the release of US jobs figures and on concerns about

Published 06 Sep, 2013 04:25am

Energy

Oil higher in Asian trade as US gains support on Syria

SINGAPORE: Oil prices rose in Asian trade Thursday as US President Barack Obama cleared the first legislative hurdle in

Published 05 Sep, 2013 05:35am

Energy

Brent rises above $115 as US Syria strike plan passes first hurdle

SINGAPORE: Brent futures inched higher on Thursday, holding above $115 a barrel, as President Barack Obama's efforts

Published 05 Sep, 2013 05:11am

Energy

Iraq qualifies builders for oil pipe project

BAGHDAD: Iraq has pre-qualified 12 companies and joint ventures to build an $18-billion export pipeline to Jordan, the o

Published 04 Sep, 2013 12:22pm

Energy

Brent holds above $115, Syria concerns stoke supply fears

SINGAPORE: Brent crude held above $115 a barrel on Wednesday, close to its highest in almost a week, as US lawmakers&#39

Published 04 Sep, 2013 06:57am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Wednesday after climbing in New York as concerns over a US-led military

Published 04 Sep, 2013 05:38am

Energy

India tells firms to be more adventurous in oil quest

NEW DELHI: India foreign minister told energy firms on Tuesday to be more adventurous in searching for oil supplies as a

Published 03 Sep, 2013 01:28pm

Energy

Oil prices dip in Asia as Syria fears subside

SINGAPORE: Oil prices eased in Asian trade Tuesday on receding fears of an immediate US intervention in Syria but upbeat

Published 03 Sep, 2013 05:52am

Energy

Sinopec starts main crude storage, 9 months behind schedule

BEIJING: Sinopec Corp, Asia's largest refiner, started operating a major commercial crude oil storage base in northe

Published 02 Sep, 2013 08:35am

Energy

Brent near $113, hits one-week low as Syria worries ease

SINGAPORE: Brent futures fell more than a dollar to a one-week low below $113 on Monday, with supply disruption worries

Published 02 Sep, 2013 04:53am

Energy

Iran oil minister orders energy contract overhaul: Shana

DUBAI: Iran new oil minister has ordered the revision of energy project contracts to make them more attractive to foreig

Published 01 Sep, 2013 11:51am

Energy

Iran oil minister orders energy contract overhaul

DUBAI: Iran's new oil minister has ordered the revision of energy project contracts to make them more attractive to

Published 01 Sep, 2013 11:51am

Energy

Indian Oil Corp. raises petrol, diesel prices

NEW DELHI: India's biggest refiner, Indian Oil Corporation, increased petrol prices by more than 3.5 percent from Su

Published 01 Sep, 2013 07:06am

Energy

China oil giant Sinopec buys into Egypt for $3.1bn

SHANGHAI: Chinese oil giant Sinopec will pay $3.1 billion for a one-third stake in the Egyptian oil and gas business of

Published 30 Aug, 2013 04:54am

Energy

Oil extends losses as Syria strike fears ease

SINGAPORE: Oil prices fell in Asian trade Friday as fears eased of an imminent Western military strike against Syria for

Published 30 Aug, 2013 04:16am

Energy

Oil slides on profit-taking after Syria fears

SINGAPORE: Oil prices slipped in Asian trade Thursday as investors took profits after concerns over a possible US-led mi

Published 29 Aug, 2013 06:18am

Energy

Brent falls below $116 after 2-day surge; Syria conflict eyed

SINGAPORE: Brent crude slipped below $116 a barrel on Thursday, taking a breather after clocking its strongest 2-day gai

Published 29 Aug, 2013 04:17am

Energy

Oil soars as military action on Syria looms

SINGAPORE: Oil prices soared in Asia on Wednesday as Western powers prepared for possible military action against Syria

Published 28 Aug, 2013 06:13am

Energy

Oil higher as military action on Syria looms

SINGAPORE: Oil rose to fresh multi-month highs in Asian trade on Wednesday as Western powers prepared for possible milit

Published 28 Aug, 2013 04:25am

Energy

Iran says in Oman talks to export $60bn worth of gas

TEHRAN: The Gulf sultanate of Oman is in talks to buy Iranian gas in a 25-year deal worth around $60 billion, Iranian Oi

Published 27 Aug, 2013 11:19am

Energy

Oil up in Asian trade on Syria concerns

SINGAPOREL: Oil rose in Asian trade Tuesday on concerns about possible military action against Syria after Washington wa

Published 27 Aug, 2013 06:26am

Energy

Brent tops $111 on rising tension over Syria attack

SINGAPORE: Brent crude rose above $111 a barrel on Tuesday to trade near its highest in five months as rising tensions o

Published 27 Aug, 2013 04:23am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices climbed in Asian trade Monday as disappointing US housing data tempered expectations of stimulus t

Published 26 Aug, 2013 06:40am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices climbed in Asian trade Monday as disappointing US housing data tempered expectations of stimulus t

Published 26 Aug, 2013 04:40am

Energy

Taiwan stocks up; panel makers gain

TAIPEI: Taiwan stocks rose on Monday joining their regional peers, with panel makers among the biggest winners, after a

Published 26 Aug, 2013 04:26am

Energy

Oil prices mixed amid upbeat manufacturing data

SINGAPORE: Oil prices were mixed in Asian trade Friday as upbeat manufacturing data from around the world fuelled hopes

Published 23 Aug, 2013 06:21am

Energy

Brent rises above $110 as global economic outlook glows

SINGAPORE: Brent rose above $110 a barrel on Friday, buoyed by upbeat business surveys that suggested the global economy

Published 23 Aug, 2013 04:41am

Energy

Oil prices slip in Asian trade

SINGAPORE: Oil prices retreated in Asian trade Thursday on easing concerns about Middle East supply, while minutes from

Published 22 Aug, 2013 05:34am

Energy

China's July Iran crude imports down 12.6pc on year

BEIJING: China's average daily crude imports from Iran fell 12.6 percent in July from the same month last year, data

Published 21 Aug, 2013 06:55am

Energy

Oil prices lower ahead of US crude stockpiles data

SINGAPORE: Oil prices inched down in Asian trade Tuesday as dealers await US crude stockpiles data for clues about deman

Published 20 Aug, 2013 05:38am

Energy

Indonesian shares tumble again on economy, US Fed concerns

JAKARTA: Indonesian shares fell sharply again on Tuesday, to their lowest since March 2012, on continuing worry over the

Published 20 Aug, 2013 05:08am

Energy

Brent slips below $110 on Fed policy concerns; Egypt supports

SINGAPORE: Brent crude prices slipped below $110 a barrel on uncertainty over when the US Federal Reserve will scale bac

Published 20 Aug, 2013 05:04am

Energy

Oil prices lower ahead of US crude stockpiles data

SINGAPORE: Oil prices inched down in Asian trade Tuesday as dealers US crude stockpiles data for clues about demand in t

Published 20 Aug, 2013 04:37am

Energy

Yancoal Australia takes $343mn hit on coal price fall

MELBOURNE: The Chinese parent of Yancoal Australia made a $343 million provision for losses after warning it expected co

Published 19 Aug, 2013 01:05pm

Energy

Oil prices dip in Asian trade

SINGAPORE: Oil prices dipped in thin Asian trade Monday, but remain supported by fears that the unrest in Egypt could sp

Published 19 Aug, 2013 06:18am

Energy

Oil prices rise on Egypt violence

SINGAPORE: Oil prices rose in thin Asian trade Monday, supported by fears that the unrest in Egypt could spread across t

Published 19 Aug, 2013 04:44am

Energy

Iraq picks five more companies for Nassiriya oil field bid

BAGHDAD: Iraq has selected five additional international oil companies to bid for the development of its Nassiriya oil f

Published 17 Aug, 2013 12:37pm

Energy

India Aug diesel exports seen at 2.4mn T

SINGAPORE: India exports of August-loading diesel cargoes are expected to hit 2.365 million tonnes, the highest monthly

Published 16 Aug, 2013 12:37pm

Energy

Oil prices dip but Egypt worries provide support

SINGAPORE: Oil prices eased on profit-taking in Asia on Friday but remain supported by concerns about turmoil in Egypt a

Published 16 Aug, 2013 04:43am

Energy

Oil prices rise after Egypt bloodbath

SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies f

Published 15 Aug, 2013 05:41am

Energy

Brent prices climb towards $111 as Egypt unrest stokes supply fears

SINGAPORE: Brent crude prices climbed towards $111 per barrel on Thursday, extending gains from the previous session on

Published 15 Aug, 2013 05:16am

Energy

Oil prices rise after Egypt bloodbath

SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies f

Published 15 Aug, 2013 04:42am

Energy

S.Korea's July Iranian crude imports up 38pc y/y: customs

SEOUL: South Korea imported 815,447 tonnes of crude oil from Iran in July, up 38 percent from a year ago, preliminary da

Published 14 Aug, 2013 11:28pm

Energy

Brent slips towards $109 on US stimulus outlook, but supply worries support

SINGAPORE: Brent crude slipped towards $109 per barrel on Wednesday as investors fretted that the US Federal Reserve cou

Published 14 Aug, 2013 07:26am

Energy

Oil prices dip ahead of US stockpiles data

SINGAPORE: Oil prices were lower in Asia Wednesday as caution set into the market ahead of a US crude inventory report,

Published 14 Aug, 2013 06:18am

Energy

Oil prices slip as US dollar strengthens

SINGAPORE: Oil prices slipped in Asian trade Tuesday on a stronger dollar as investors awaited US economic data that cou

Published 13 Aug, 2013 04:25am

Energy

Brent slips toward $108 after sharp rally, US data in focus

SINGAPORE: Brent crude fell towards $108 per barrel on Monday after a sharp rally in the previous session, as investors

Published 12 Aug, 2013 07:21am

Energy

Oil prices mixed on profit-taking

SINGAPORE: Oil prices were mixed in Asian trade on Monday as traders banked profits from gains fuelled by upbeat economi

Published 12 Aug, 2013 05:40am

Energy

Oil prices slip on profit-taking

SINGAPORE: Oil prices eased in Asian trade on Monday as traders banked profits from gains fuelled by upbeat economic dat

Published 12 Aug, 2013 04:23am

Energy

Oil prices up on China trade data

HONG KONG: Oil prices turned higher in Asian trade Thursday on upbeat trade data from China which bolstered the outlook

Published 08 Aug, 2013 07:07am

Energy

China July crude imports soar to record high

BEIJING: China's crude imports in July soared to a record high of 6.15 million barrels per day (bpd), up 14 percent

Published 08 Aug, 2013 05:57am

Energy

Oil prices mixed ahead of US crude inventory report

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as investors awaited the latest US crude stockpiles data for c

Published 07 Aug, 2013 06:39am

Energy

Brent near $108, slips on Iran and ahead of China/US data

SINGAPORE: Brent crude futures slipped on Wednesday towards $108, dropping for a fourth straight day, as supply worries

Published 07 Aug, 2013 05:03am

Energy

Brent oil to retest support at $107.40

SINGAPORE: Brent oil is expected retest a support at $107.40, with a good chance of breaking below this level and fallin

Published 06 Aug, 2013 03:49am

Energy

China agency sued over oil production in spill-hit bay

BEIJING: China's State Oceanic Administration (SOA) is being sued for allowing US oil major ConocoPhillips to resume

Published 05 Aug, 2013 07:39am

Energy

Oil prices edge higher on upbeat Chinese economic data

SINGAPORE: Oil prices turned higher in Asian trade Monday on upbeat economic data from China but concerns about weak job

Published 05 Aug, 2013 06:25am

Energy

Brent rises above $109 on China data; Iran comments weigh

SINGAPORE: Brent oil rose above $109 a barrel on Monday after promising China data, but prices may struggle to hold on t

Published 05 Aug, 2013 05:28am

Energy

Oil prices up in Asia on optimism about global growth

SINGAPORE: Oil prices edged higher in Asian trade Friday as positive economic data in energy guzzlers the United States

Published 02 Aug, 2013 06:07am

Energy

Brent tops $110 first time since April on robust economic data

SINGAPORE: Brent crude futures climbed above $110 a barrel for the first time since early April on Friday, as upbeat eco

Published 02 Aug, 2013 04:39am

Energy

Oil prices up after US Fed meeting

SINGAPORE: Oil prices rose in Asian trade Thursday as the US Federal Reserve's view that the economy was growing mod

Published 01 Aug, 2013 06:07am

Energy

Brent rises towards $108 on US, China economic data

SINGAPORE: Brent crude futures rose towards $108 a barrel on Thursday as economic data from the United States and China

Published 01 Aug, 2013 05:32am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in cautious Asian trade on Wednesday as dealers await the conclusion of the US Federal

Published 31 Jul, 2013 06:08am

Energy

Brent holds below $107, but heads for best month since Aug

SINGAPORE: Brent crude hovered below $107 per barrel on Wednesday ahead of the outcome of a US Federal Reserve meeting a

Published 31 Jul, 2013 05:30am

Energy

Brent crude steady above $107 ahead of Fed outcome

SINGAPORE: Brent crude futures remained steady above $107 a barrel as investors looked to a Federal Reserve meeting for

Published 30 Jul, 2013 05:19am

Energy

Myanmar China gas pipeline goes into operation: Xinhua

BEIJING: Gas has started flowing to energy-hungry China through a pipeline from Myanmar, Beijing's official media re

Published 29 Jul, 2013 04:47am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Monday ahead of a US central bank meeting and the release of key economi

Published 29 Jul, 2013 03:51am

Energy

Reliance, ONGC to work out sharing infrastructure in India's KG basin

MUMBAI: Indian energy major Reliance Industries Ltd and state-run exploration firm Oil and Natural Gas Corp have signed

Published 28 Jul, 2013 06:13am

Energy

Renesas plans to close major chip plant in Japan

TOKYO: Japan's Renesas Electronics Corp plans to close a system LSI chip plant in northern Japan that makes chips fo

Published 27 Jul, 2013 11:52am

Energy

Vietnam July crude oil output dips 2.0pc y/y

HANOI: Vietnam's July crude oil output eased 2.0 percent from a year ago to an estimated 1.38 million tonnes, or 327

Published 26 Jul, 2013 07:27am

Energy

Oil prices turn lower in Asia

SINGAPORE: Oil prices turned lower in Asian trade Friday owing to lingering concerns over China's economy, analysts

Published 26 Jul, 2013 05:59am

Energy

Brent holds above $107 on weak dollar, supply cuts

SINGAPORE: Brent crude held steady above $107 a barrel on Friday as a weak dollar and supply disruptions at some Middle

Published 26 Jul, 2013 05:36am

Energy

Oil extends losses in Asian trade

SINGAPORE: Oil extended its losses in Asian trade Thursday on mounting concerns about an economic slowdown in China, wit

Published 25 Jul, 2013 05:47am

Energy

Brent slips as China PMI falls, holds above $108 on US oil draws

SINGAPORE: Brent futures slipped towards $108 on Monday as weak China data renewed concerns over demand growth from the

Published 24 Jul, 2013 05:23am

Energy

Oil prices dip after weak China data

SINGAPORE: Oil prices slipped in Asian trade Wednesday as weak Chinese manufacturing activity fuelled concerns over ener

Published 24 Jul, 2013 05:00am

Energy

Formosa to keep reduced rates at secondary unit

SINGAPORE: Taiwan's Formosa Petrochemical Corp is maintaining reduced run rates at a secondary unit after technical

Published 23 Jul, 2013 01:47pm

Energy

Oil prices higher in Asia

SINGAPORE: Oil prices rose in Asian trade Tuesday on robust US crude demand, analysts said, but buying enthusiasm was ca

Published 23 Jul, 2013 06:06am

Energy

Brent hovers above $108 on weaker dollar, supply risks

SINGAPORE: Brent crude futures hovered above $108 on Tuesday, buoyed by a weaker dollar as investors waited for US crude

Published 23 Jul, 2013 04:45am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in Asian trade Monday, as improved transportation links unlocked a glut of US supplie

Published 22 Jul, 2013 07:10am

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices inched higher in Asian trade Friday on upbeat US corporate and economic news, although profit-taki

Published 19 Jul, 2013 04:58am

Energy

Oil prices slip as US dollar strengthens

SINGAPORE: Oil prices eased in Asian trade Thursday as the US dollar strengthened on reassurances by US Federal Reserve

Published 18 Jul, 2013 06:25am

Energy

Brent slips as dollar weighs, stays above $108 on US stocks draw

SINGAPORE: Brent futures slipped on Thursday on the back of a stronger dollar, but held above $108 a barrel as a drawdow

Published 18 Jul, 2013 05:47am

Energy

South Korean mill group buys 42,300T US wheat: trade

HAMBURG: A group of South Korean flour mills has purchased a total 42,300 tonnes of US-origin wheat in a tender on Wedne

Published 17 Jul, 2013 01:04pm

Energy

China in $5bn drive to develop disputed East China Sea gas

BEIJING: Chinese state-run oil companies hope to develop seven new gas fields in the East China Sea, possibly siphoning

Published 17 Jul, 2013 12:42pm

Energy

Oil prices slip in Asia ahead of US stockpiles data

SINGAPORE: Oil prices edged lower in Asian trade Wednesday as investors await the release of US crude stockpiles data fo

Published 17 Jul, 2013 05:56am

Energy

Brent slips below $108 ahead of Fed Chairman's testimony

SINGAPORE: Brent futures slipped below $108 a barrel on Wednesday as investors were reluctant to lock in fresh positions

Published 17 Jul, 2013 05:39am

Energy

Brent slips below $109 on demand growth worries

SINGAPORE: Brent futures slipped below $109 a barrel on Tuesday because of worries over demand from the world's seco

Published 16 Jul, 2013 09:41am

Energy

Oil prices edge higher in Asian trade

SINGAPORE: Oil prices edged higher in Asian trade Tuesday as investors anticipated a fall in US crude inventories for th

Published 16 Jul, 2013 05:57am

Energy

Ranhill Energy prices share sale at top end: source

KUALA LUMPUR: Malaysia's Ranhill Energy & Resources Bhd has raised about 753 million ringgit ($237.02 million) i

Published 15 Jul, 2013 03:32pm

Energy

Kuwait discovers new oil and gas field: top official

KUWAIT CITY: The Gulf state of Kuwait has discovered a new oil and gas field in Kabed area close to the well-known Manag

Published 15 Jul, 2013 12:42pm

Energy

Oil prices turn higher in Asian trade

SINGAPORE: Oil reversed earlier losses to rise in Asian trade Monday after China's economy grew in line with market

Published 15 Jul, 2013 06:39am

Energy

Brent rises towards $109 as China growth meets forecast

SINGAPORE: Brent futures rose towards $109 a barrel on Monday as demand growth worries ebbed after data from China showe

Published 15 Jul, 2013 05:05am

Energy

China's June crude runs at 4-month high, despite slowing economy

BEIJING: China's processing of crude in refineries in June rose 10.8 percent from a year earlier to 9.636 million ba

Published 15 Jul, 2013 04:44am

Energy

Oil extends losses on profit-taking

SINGAPORE: Oil prices extended losses on profit-taking in Asian trade Friday following sharp gains powered by the US cen

Published 12 Jul, 2013 05:45am

Energy

Oil prices slip on profit-taking

SINGAPORE: Oil prices slipped in Asia on Thursday as traders took profits from gains fuelled by a bigger-than-expected d

Published 11 Jul, 2013 07:04am

Energy

China's H1 crude imports drop, threaten global oil demand growth

BEIJING: China's crude imports fell in the first half of 2013 compared with a year ago, raising the prospect that sl

Published 10 Jul, 2013 11:35am

Energy

Brent slips towards $107, off 3-month top as supply worries ease

SINGAPORE: Brent crude dropped towards $107 a barrel on Tuesday as investors locked in profits after prices climbed to a

Published 09 Jul, 2013 05:49am

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices climbed in Asian trade Monday after jobs data from the United States beat expectations, boosting c

Published 08 Jul, 2013 06:34am

Energy

Brent crude hits 3 month high above $108 on Egypt unrest, supply worries

SINGAPORE: Brent crude futures rose above $108 to the highest in more than three months on Monday, extending last week&#

Published 08 Jul, 2013 05:25am

Energy

Oil prices lower ahead of key US jobs data

SINGAPORE: Oil prices dipped in Asian trade Friday as investors keep an eye on Egypt while also awaiting US jobs data th

Published 05 Jul, 2013 07:45am

Energy

Asia shares mostly up on ECB rate comments

HONG KONG: Asian markets mostly climbed on Friday after the European Central Bank said it would keep interest rates at r

Published 05 Jul, 2013 07:20am

Energy

Oil prices lower ahead of key US jobs data

SINGAPORE: Oil prices dipped in Asian trade Friday as investors keep an eye on Egypt while also awaiting US jobs data th

Published 05 Jul, 2013 05:45am

Energy

Oil prices mixed on Egypt woes

SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors await fresh developments in Egypt after the army o

Published 04 Jul, 2013 06:46am

Energy

Oil prices dip but Egypt woes provide support

SINGAPORE: Oil prices eased slightly on profit-taking in Asia Thursday but remain supported by concerns about turmoil in

Published 04 Jul, 2013 05:23am

Energy

Indian coal output down 3.25pc

NEW DELHI: Indian coal production in May fell 3.25 percent from a year earlier, the first drop in two months, on lower-t

Published 03 Jul, 2013 12:57pm

Energy

Saudi skips term contracts 1st time on 3 grades

SINGAPORE: Saudi Aramco skipped renewing a half-yearly contract on three out of five naphtha grades for the first time w

Published 02 Jul, 2013 12:01pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Tuesday as upbeat US manufacturing data boosted hopes for stronger demand in th

Published 02 Jul, 2013 05:04am

Energy

China shares down 0.46pc in morning trade

SHANGHAI: Chinese shares were down 0.46 percent in early trading on Tuesday due to concerns over the domestic economy af

Published 02 Jul, 2013 04:59am

Energy

Oil prices down in Asia on weak China data

SINGAPORE: Oil prices were down in Asia on Monday as weak Chinese manufacturing activity fuelled concerns over energy de

Published 01 Jul, 2013 06:49am

Energy

Brent drops below $102 on weak Chinese factory data

SINGAPORE: - Brent crude slipped below $102 a barrel on Monday as weak data from China reinforced concerns of slower gro

Published 01 Jul, 2013 05:10am

Energy

Asia LNG prices rise as weather warms up

PERTH: Asian spot LNG prices rose this week in anticipation that warmer weather in top consumer Japan will boost the cou

Published 28 Jun, 2013 12:51pm

Energy

India approves doubling of gas prices

NEW DELHI: India's government has approved a doubling of natural gas prices, the first hike in three years, in a pol

Published 28 Jun, 2013 07:03am

Energy

Oil prices rebound in Asia following US data

SINGAPORE: Oil prices rose in Asian trade Friday after a brief dip as dealers digested upbeat US economic data and comme

Published 28 Jun, 2013 07:02am

Energy

Brent rises above $103 on talk Fed will continue stimulus

SINGAPORE: Brent crude oil futures rose above $103 a barrel on Friday and are set for the first monthly rise in five mon

Published 28 Jun, 2013 04:42am

Energy

Oil up in Asia as US, China concerns ease

SINGAPORE: Oil prices edged higher in Asia Thursday as weak US data suggested the Federal Reserve will hold off on endin

Published 27 Jun, 2013 06:22am

Energy

Brent rises above $102 as US stimulus worries ease

SINGAPORE: Brent crude rose for a fourth session in a row on Thursday to trade above $102 a barrel as weak US economic d

Published 27 Jun, 2013 05:49am

Energy

Oil sags ahead of US crude stockpiles report

SINGAPORE: Oil prices slipped in Asian trade Wednesday as investors await the release of a weekly US stockpiles report,

Published 26 Jun, 2013 06:56am

Energy

Oil sags ahead of US crude stockpiles report

SINGAPORE: Oil prices slipped in Asian trade Wednesday as investors await the release of a weekly US stockpiles report,

Published 26 Jun, 2013 05:37am

Energy

Brent drops below $101 on China, US demand worries

SINGAPORE: Brent crude slipped below $101 a barrel on Tuesday, as fears of a liquidity crunch in China and the US Federa

Published 25 Jun, 2013 05:41am

Energy

Oil prices down in cautious Asian trade

SINGAPORE: Oil prices edged lower in cautious Asian trade Tuesday, as dealers await a series of US economic data for clu

Published 25 Jun, 2013 04:55am

Energy

Oil extends losses in Asian trade

SINGAPORE: Oil prices were lower in Asian trade Monday on the stronger US dollar and as investors await latest economic

Published 24 Jun, 2013 06:30am

Energy

Brent dips below $101 on demand worries, firmer dollar

SINGAPORE: Brent crude futures traded below $101 a barrel on Monday, hurt by a stronger dollar and concerns over slower

Published 24 Jun, 2013 05:31am

Energy

Iraq oil exports dip on weather, sabotage

BAGHDAD: Iraq's oil exports fell in May as poor weather hits its southern ports and saboteurs blew up a pipeline to

Published 23 Jun, 2013 01:37pm

Energy

Japan consortium, Gazprom to agree to build LNG plant

TOKYO: A consortium led by Japanese trading house Itochu Corp is likely to agree as early as Saturday to build an LNG pl

Published 22 Jun, 2013 12:08pm

Energy

Russia values China oil deal at $270bn over 25 years

SAINT-PETERSBURG: A huge deal set to be signed by Moscow and Beijing for Russia to supply oil to China is worth $270 bil

Published 21 Jun, 2013 07:50am

Energy

Brent stays above $102, but set for biggest weekly drop in 2 months

SINGAPORE: Brent futures held above $102 a barrel on Friday as the steep fall in the previous session gave investors an

Published 21 Jun, 2013 04:32am

Energy

India pushes for energy security in Iraq meet

BAGHDAD: Indian Foreign Minister Salman Khurshid met with senior Iraqi officials on Thursday as part of New Delhi's

Published 20 Jun, 2013 07:40am

Energy

Oil dips in Asia on Fed bond tapering plans

SINGAPORE: Oil prices slipped in Asia on Thursday after Federal Reserve chairman Ben Bernanke signalled the US central b

Published 20 Jun, 2013 07:01am

Energy

Oil prices turn higher in Asian trade

SINGAPORE: Oil prices turned higher in Asian trade Wednesday, as investors await the outcome of a US Federal Reserve mee

Published 19 Jun, 2013 07:35am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Wednesday, as investors await the outcome of a US Federal Reserve meetin

Published 19 Jun, 2013 05:01am

Energy

Indonesian parliament could pave way fuel price hikes

JAKARTA:Indonesia's parliament debated measures on Monday to open the way for a jump in fuel prices after months of

Published 17 Jun, 2013 11:48am

Energy

Oil down in Asia on profit-taking

SINGAPORE: Oil prices eased in Asian trading hours Monday as investors took profits following last week's rally trig

Published 17 Jun, 2013 05:08am

Energy

Brent slips from near $105 on ample US inventory, weak outlook

SINGAPORE: Brent futures slipped on Friday from near $105 a barrel with ample US inventories and a poor demand outlook w

Published 14 Jun, 2013 05:20am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Thursday after a surprise uptick in US crude stockpiles, but losses were tempe

Published 13 Jun, 2013 06:35am

Energy

Oil prices slip in Asian trade

SINGAPORE: Oil prices fell in line with Asian equities on Wednesday following the Bank of Japan's decision to hold o

Published 12 Jun, 2013 05:46am

Energy

Oil mixed in Asia on China growth concerns

SINGAPORE: Oil prices were mixed in Asia on Tuesday after a batch of downbeat Chinese data highlighted concerns about sl

Published 11 Jun, 2013 04:56am

Energy

Brent slips toward $104, weak China data hurts demand view

TOKYO/PERTH: Brent crude dipped toward $104 per barrel on Monday as weak data from top energy consumer China muddied the

Published 10 Jun, 2013 09:42am

Energy

Oil prices up in Asia after upbeat US jobs data

SINGAPORE: Oil prices rose in Asian trade Monday as moderate growth in new jobs in the United States raised hopes about

Published 10 Jun, 2013 07:07am

Energy

Oil prices up in Asia after upbeat US jobs data

SINGAPORE: Oil prices rose in Asian trade Monday as moderate growth in new jobs in the United States raised hopes about

Published 10 Jun, 2013 04:51am

Energy

Iraq cuts July Basra light crude price

BAGHDAD: Iraq cut the price of Basra light crude to Asian buyers for July by 35 cents to a discount 50 cents per barrel

Published 09 Jun, 2013 11:53am

Energy

Petronas delays Johor refinery start-up to 2017: CEO

KUALA LUMPUR: Malaysian state oil and gas company Petronas has pushed back the completion date for its Johor refinery-pe

Published 09 Jun, 2013 11:41am

Energy

Bad weather cuts Iraq south oil exports

BAGHDAD: Bad weather cut oil exports from Iraq's Basra ports to 864,000 barrels per day (bpd) on Saturday from 2.23

Published 08 Jun, 2013 01:44pm

Energy

China May crude oil imports up 0.4pc on month

BEIJING: China's daily crude oil imports in May rose 0.4 percent from the previous month as crude runs at some Chine

Published 08 Jun, 2013 05:40am

Energy

Oil prices mixed in Asia ahead of US jobs data

SINGAPORE: Oil prices were mixed in Asia on Friday as dealers await the release of crucial US jobs data later in the day

Published 07 Jun, 2013 05:02am

Energy

China shares up slightly in morning trade

SHANGHAI: Chinese shares were up slightly in early trading on Friday after a more than one percent drop in the previous

Published 07 Jun, 2013 05:01am

Energy

Oil prices mixed in cautious Asian trade

SINGAPORE: Oil prices were mixed in Asia on Thursday, with traders treading carefully ahead of Chinese trade and industr

Published 06 Jun, 2013 05:01am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia on Wednesday, with dealers buying cheaper crude ahead of key economic releases from t

Published 05 Jun, 2013 05:00am

Energy

Oil down in Asia as OPEC leaves output unchanged

SINGAPORE: Oil prices were lower in Asian trade Monday after OPEC kept its output ceiling unchanged and voiced concerns

Published 03 Jun, 2013 06:38am

Energy

Brent slips below $100, first time in a month on weak China data

SINGAPORE: Brent futures slipped below $100 a barrel for the first time in a month on demand growth concerns after facto

Published 03 Jun, 2013 05:09am

Energy

PetroChina Dalian refinery blasts injure two

SHANGHAI: Explosions at a PetroChina refinery in northeastern China has left two people injured and another two missing,

Published 02 Jun, 2013 01:13pm

Energy

Reliance plans to shut VGO unit at 580,000 bpd India refinery

NEW DELHI: Reliance Industries Ltd , owner of the world's biggest refining complex in western India, plans to shut a

Published 31 May, 2013 06:22am

Energy

Oil up in Asian trade

SINGAPORE: Oil was up in Asia on Friday, with dealers buying up the commodity after a drop in prices over the past few d

Published 31 May, 2013 05:22am

Energy

OPEC set to hold oil output ceiling again

VIENNA: The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worri

Published 31 May, 2013 04:08am

Energy

Brent rises toward $103 after steep drop, soft dollar aids

SINGAPORE: Brent futures rose toward $103 a barrel on Thursday as the dollar weakened, regaining ground from their bigge

Published 30 May, 2013 07:48am

Energy

Oil prices recover in Asia

SINGAPORE: Oil prices recovered in Asian trade Thursday following a drop triggered by fresh economic data that highlight

Published 30 May, 2013 05:15am

Energy

Oil down in Asian trade

SINGAPORE: Oil prices eased in Asia on Wednesday, with traders taking profits ahead of key inventory data from the Unite

Published 29 May, 2013 05:54am

Energy

Oil down in Asian trade

SINGAPORE: Oil prices eased in Asia on Wednesday, with traders taking profits ahead of key inventory data from the Unite

Published 29 May, 2013 05:00am

Energy

China CNPC to complete key Myanmar oil storage facility

BEIJING: Top state energy group China National Petroleum Company has completed six oil storage tanks on an island off we

Published 28 May, 2013 11:50am

Energy

Brent steadies below $103 as demand outlook dims

CHENNAI: Brent crude held below $103 per barrel on Tuesday amid worries about the global economy and ample supply, while

Published 28 May, 2013 06:15am

Energy

Taiwan stocks drop, weighed by chip makers

TAIPEI: Taiwan stocks ended 0.21 percent lower on Tuesday as investors took profit from chip makers, with TSMC shedding

Published 28 May, 2013 06:13am

Energy

Oil down in Asia on weak Chinese data

SINGAPORE: Oil prices were down in Asia on Tuesday as weak Chinese manufacturing data raised concerns about energy deman

Published 28 May, 2013 06:13am

Energy

Coal India Q4 net profit up 35 percent, beats estimates

MUMBAI: Coal India, the world's largest coal producer, posted a 35 percent rise in its fourth-quarter profit, beatin

Published 27 May, 2013 12:55pm

Energy

Brent drops towards $102, weak demand view hurts

CHENNAI: Brent crude slipped towards $102 per barrel on Monday, extending last week's 2 percent drop, as a weak econ

Published 27 May, 2013 06:03am

Energy

Oil prices set for biggest weekly loss in five

SINGAPORE: Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per

Published 24 May, 2013 05:59am

Energy

Oil extends losses on weak Chinese data, strong dollar

SINGAPORE: Oil extended its losses in Asian trade on Thursday on weak Chinese manufacturing data and a stronger dollar,

Published 23 May, 2013 06:15am

Energy

Brent weakens towards $102 on gloomy China data, strong dollar

CHENNAI: Brent crude futures slipped towards $102 a barrel on Thursday as fresh data from China cast doubt on the streng

Published 23 May, 2013 05:03am

Energy

Oil down in Asian trade

SINGAPORE: Oil was down in Asia on Wednesday as traders waited for the release of the latest energy inventory report fro

Published 22 May, 2013 05:51am

Energy

Oil down in Asian trade

SINGAPORE: Oil was down in Asia on Wednesday as traders waited for the release of the latest energy inventory report fro

Published 22 May, 2013 05:08am

Energy

Brent holds near 2-week top around $105 on supply worries

CHENNAI: Brent crude futures steadied near a two-week high on Tuesday, holding around $105 per barrel as rising Middle E

Published 21 May, 2013 06:27am

Energy

Oil up in Asia ahead of Fed chief's testimony

SINGAPORE: Oil was up in Asian trade Tuesday ahead of a testimony in Congress by Federal Reserve chief Ben Bernanke on t

Published 21 May, 2013 05:57am

Energy

Oil prices lower in Asian trade

SINGAPORE: Oil prices were down in Asian trade Monday as investors locked in profits from last week's gains after US

Published 20 May, 2013 06:16am

Energy

Oil down in Asia as poor US economic data weigh

SINGAPORE: Oil prices eased in Asia on Friday as poor housing and employment data from the United States sparked concern

Published 17 May, 2013 04:05am

Energy

Oil down in Asia on weak US production data

SINGAPORE: Oil was down in Asian trade Thursday as caution returned to the market following weak US production data, ana

Published 16 May, 2013 09:17am

Energy

Brent slips towards $103 on weak data; US stock draw aids

SINGAPORE: Brent futures slipped towards $103 a barrel on Thursday as a sharper-than-expected drop in US factory output

Published 16 May, 2013 08:57am

Energy

South Korea to scrap diesel, gasoline import tax exemption from July

SEOUL: South Korea said it will scrap a diesel and gasoline import incentive from July as local refiners plan to join th

Published 15 May, 2013 01:24pm

Energy

Brent holds above $102 as dollar eases, but supply outlook weighs

SINGAPORE: Brent futures held steady above $102 a barrel on Wednesday as the US dollar eased, but gains were capped by f

Published 15 May, 2013 05:56am

Energy

Oil rebounds in Asia on bargain-hunting

SINGAPORE: Oil rebounded in Asian trade Tuesday on bargain-hunting following an overnight decline, but analysts said eco

Published 14 May, 2013 06:38am

Energy

Brent slips towards $103 on weak China data, stronger dollar

SINGAPORE: Brent futures slipped towards $103 a barrel on Monday as both implied oil demand and refinery crude throughpu

Published 13 May, 2013 06:55am

Energy

Turkey to help Iraq in oil, gas sectors

ANKARA: OPEC member Iraq will need new oil pipelines to export its crude to world markets as it prepares to raise produc

Published 10 May, 2013 01:19pm

Energy

Tata Power to develop hydro projects for $700mn in Georgia

MUMBAI: India's Tata Power has signed an agreement to develop two hydro projects in Georgia for the sale of power, p

Published 10 May, 2013 01:00pm

Energy

Essar oil hopes to refinance about $1.8bn of debt

MUMBAI: India's Essar Oil hopes to refinance about $1.8 billion worth of debt in 3-6 months, LK Gupta, chief executi

Published 10 May, 2013 12:46pm

Energy

Oil down in Asia on US stockpiles gain, stronger dollar

SINGAPORE: Crude prices were lower in Asian trade Friday on a rise in US stockpiles, with the strong dollar also putting

Published 10 May, 2013 06:19am

Energy

Brent slips, but stays above $104 as US data supports

SINGAPORE: Brent oil edged down on Friday, trading in a tight range above $104 a barrel as stronger signs of a US recove

Published 10 May, 2013 04:57am

Energy

Oil turns lower as profit-taking creeps in

SINGAPORE: Oil turned lower in Asian trade Thursday as dealers took profits after gains earlier in the week, analysts sa

Published 09 May, 2013 06:08am

Energy

Brent holds above $104, upbeat global data revives demand hopes

SINGAPORE: Brent futures held above $104 a barrel on Thursday, as upbeat data worldwide renewed hopes of a revival in de

Published 09 May, 2013 05:53am

Energy

Oil higher in Asia after robust US jobs report

SINGAPORE: Oil was up in Asian trade Monday after an upbeat US jobs report bolstered confidence the US economic recovery

Published 06 May, 2013 06:10am

Energy

Brent oil may drop to $104.30

SINGAPORE: Brent oil looks exhausted and may retrace to $104.30 per barrel.An upward wave c has been driving the price u

Published 06 May, 2013 05:27am

Energy

Brent steadies below $103, ECB rate cut supports; US jobs eyed

SINGAPORE: Brent crude held below $103 a barrel on Friday, retaining most of its sharp gains from the previous session,

Published 03 May, 2013 09:24am

Energy

Oil takes breather in Asia after strong rally

SINGAPORE: Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally followin

Published 03 May, 2013 04:35am

Energy

Oil rebounds in Asia on bargain hunting

SINGAPORE: Oil rebounded in Asian trade Thursday on bargain hunting following a recent sharp fall, but analysts said pri

Published 02 May, 2013 06:16am

Energy

Israel gas field estimated around 18.9tcf: Leviathan

ERUSALEM: The U.S-Israeli consortium developing the Leviathan natural gas field off Israel's Mediterranean coast rai

Published 01 May, 2013 12:03pm

Energy

Brent holds under $104, heads for worst month since May

SINGAPORE: Brent crude steadied under $104 a barrel on Tuesday, holding on to most of its gains from the previous sessio

Published 30 Apr, 2013 07:49am

Energy

Oil prices down in Asia on weak US data

SINGAPORE: Oil prices fell in Asia on Monday as weak economic data from the United States sparked concerns over softer d

Published 29 Apr, 2013 06:31am

Energy

Oil prices down in Asia on profit-taking

SINGAPORE: Oil prices eased in Asia on Friday as traders cashed in recent gains following signs of strengthening US ener

Published 26 Apr, 2013 07:18am

Energy

China's Sinopec sells Myanmar energy stake to Taiwan's CPC

BEIJING: China's Sinopec Group, Asia's largest oil refiner, said on Thursday it agreed to sell a stake of 30 per

Published 25 Apr, 2013 10:17am

Energy

Oil prices rise in Asia on US stockpile data

SINGAPORE: Oil prices rose in Asia Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an

Published 25 Apr, 2013 04:52am

Energy

Vietnam Petrolimex seeks May cargo

SINGAPORE: Vietnam's top oil importer Petrolimex is seeking 35,000 tonnes of gasoil for May, a tender document showe

Published 24 Apr, 2013 01:48pm

Energy

Brent holds above $100, weak economic outlook caps gains

SINGAPORE: Brent crude held above $100 a barrel on Wednesday, supported by fears that OPEC could cut oil supply if price

Published 24 Apr, 2013 05:16am

Energy

Brent falls below $100 as China PMI disappoints

SINGAPORE: Brent crude fell below $100 a barrel on Tuesday after manufacturing data from China pointed to a lukewarm rec

Published 23 Apr, 2013 05:36am

Energy

India's thermal coal output up 3.3pc y/y in 2012/13-source

NEW DELHI: India's thermal coal production rose 3.3 percent to 508.32 million tonnes in 2012/13, while coking coal o

Published 22 Apr, 2013 01:26pm

Energy

Asian markets mostly up, dollar nears 100 yen

HONG KONG: Asian markets mostly climbed on Monday, with Tokyo surging as the dollar pushes back towards the 100 yen mark

Published 22 Apr, 2013 06:32am

Energy

Oil prices up in Asia on bargain hunting

SINGAPORE: Oil prices rose in Asian trade Monday as bargain-hunters moved in following a price plunge last week as inves

Published 22 Apr, 2013 06:03am

Energy

Brent hovers around $100, global econ worries cap gains

SINGAPORE: Brent crude hovered around $100 a barrel on Monday, finding some support from bargain hunters after three str

Published 22 Apr, 2013 05:38am

Energy

Iran sees no need for OPEC emergency meeting

TEHRAN: Iran sees no need for an emergency meeting of the oil cartel OPEC over a recent drop in crude prices before the

Published 20 Apr, 2013 10:05am

Energy

Qatar sells June condensate sharply weaker: Asia Crude

CHENNAI: Qatar International Petroleum Marketing Co, or Tasweeq, sold two grades of condensate for June loading at sharp

Published 19 Apr, 2013 12:53pm

Energy

Brent rises toward $100, but set for 3rd weekly fall

SINGAPORE: Brent crude climbed toward $100 a barrel on Friday, stretching its gains into a second straight session after

Published 19 Apr, 2013 05:46am

Energy

India's March oil imports down 16.6pc y/y at $13.32bn

NEW DELHI: India's oil imports fell an annual 16.6 percent in March to $13.32 billion, the trade ministry said on Th

Published 18 Apr, 2013 07:28am

Energy

Oil prices turn mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as concerns over weak US energy demand returned to spook inves

Published 17 Apr, 2013 06:08am

Energy

Oil tumbles for second day on slower Chinese growth

SINGAPORE: Oil prices tumbled in Asia Tuesday, with Brent falling below $100 a barrel, on demand fears after Chinese gro

Published 16 Apr, 2013 06:21am

Energy

Oil tumbles for second day on slower Chinese growth

SINGAPORE: Oil prices tumbled further in Asia on Tuesday, dragged by prospects of weaker crude demand from China after d

Published 16 Apr, 2013 05:04am

Energy

GAIL targets bigger presence in global LNG trading

NEW DELHI: Indian GAIL wants to boost its liquefied natural gas (LNG) portfolio to 20 million tonnes a year in the next

Published 15 Apr, 2013 11:29am

Energy

Brent slips towards $101, weak data hits demand outlook

SINGAPORE: Brent futures fell more than $1 towards $101 a barrel on Monday, staying close to a nine-month low hit earlie

Published 15 Apr, 2013 08:18am

Energy

Oil down as China's GDP comes in below expectations

SINGAPORE: Oil prices fell sharply in Asian trade Monday after China's first-quarter economic growth came in below f

Published 15 Apr, 2013 06:15am

Energy

Oil down as China's GDP comes in below expectations

SINGAPORE: Oil prices fell sharply in Asian trade Monday after China's first quarter economic growth came in below e

Published 15 Apr, 2013 04:39am

Energy

Oil below $100 ‘not reasonable’: Qasemi

DUBAI: Iran wants oil prices to stay above $100 a barrel, its oil minister said on Sunday after crude touched nine-month

Published 14 Apr, 2013 11:55am

Energy

Oil mixed in Asian trade

SINGAPORE: Oil was mixed in Asia on Friday as the International Energy Agency's lower forecast for growth in world e

Published 12 Apr, 2013 05:17am

Energy

Dollar hovers near 100 yen in Asian trade

TOKYO: The dollar was lingering just below the 100 yen level in Asian trade on Thursday as the Japanese unit resisted fu

Published 11 Apr, 2013 06:12am

Energy

Oil prices down in Asia as US inventories rise

SINGAPORE: Oil prices slipped in Asian trade Thursday on concerns over weaker US energy demand after data showed rising

Published 11 Apr, 2013 06:09am

Energy

Oil prices down in Asia as US inventories rise

SINGAPORE: Oil prices slipped in Asian trade Thursday on concerns over weaker US energy demand after data showed rising

Published 11 Apr, 2013 05:32am

Energy

Brent slips further below $106 on demand worries

CHENNAI: Brent futures edged further below $106 per barrel on Thursday as key forecasters trimmed their outlook for glob

Published 11 Apr, 2013 05:03am

Energy

Oil mixed in Asia ahead of US inventory report

SINGAPORE: Oil prices were mixed in Asia on Wednesday as caution set into the market ahead of a US crude inventory repor

Published 10 Apr, 2013 06:26am

Energy

Brent steadies above $106 supported by China's import growth

CHENNAI: Brent crude futures steadied above $106 per barrel on Wednesday after China's total imports surged in March

Published 10 Apr, 2013 05:26am

Energy

Oil extends gains in Asian trade

SINGAPORE: Oil extended gains in Asia on Tuesday as financial markets cheered Japan's aggressive monetary easing pol

Published 09 Apr, 2013 06:04am

Energy

Tepco may run out of space for radioactive water

TOKYO: Japan's Tokyo Electric Power Co said on Monday it does not have enough tank space should it need to move cont

Published 08 Apr, 2013 12:34pm

Energy

Oil prices up in Asia as Japanese stocks soar

SINGAPORE: Oil prices rose in Asia on Monday, buoyed by strong Japanese equities as the market recovered from a downbeat

Published 08 Apr, 2013 06:13am

Energy

Brent rises towards $105, BoJ supports; China data eyed

CHENNAI: Brent crude rose towards $105 per barrel on Monday as Japan's ambitious plan to stimulate the world's t

Published 08 Apr, 2013 05:56am

Energy

Sinopec to build China's biggest coal-to-gas project

BEIJING: China's state energy giant Sinopec Group envisages investing 70 billion yuan ($11.3 billion) to build the c

Published 07 Apr, 2013 07:36am

Energy

Oil prices mixed in Asia ahead of US jobs data

SINGAPORE: Oil prices were mixed in Asia on Friday as traders waited cautiously for the release of US jobs data for Marc

Published 05 Apr, 2013 05:34am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia on Thursday as the market recovered after a snap reaction to data showing an unexpect

Published 04 Apr, 2013 08:38am

Energy

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Thursday as the market recovered after a snap reaction to data showing an un

Published 04 Apr, 2013 04:42am

Energy

Oil down in Asian trade

SINGAPORE: Oil was down in Asia on Wednesday as a pipeline closure in the United States led to fears that inventories co

Published 03 Apr, 2013 07:06am

Energy

Brent dips toward $110 on demand worries, US supply

SINGAPORE: Brent crude slipped toward $110 a barrel on Wednesday, dropping for a second straight day, as swelling oil in

Published 03 Apr, 2013 05:09am

Energy

Japan to start LNG futures contract

TOKYO: Japan is preparing to create the world's first futures trading contract for liquefied natural gas in a bid to

Published 02 Apr, 2013 07:13am

Energy

Oil prices fall in Asia after weak US data

SINGAPORE: Oil prices eased in Asia on Tuesday, hit by disappointing manufacturing data and a pipeline closure in the Un

Published 02 Apr, 2013 06:20am

Energy

Brent steadies under $111, curbed by US demand outlook

SINGAPORE: Brent crude steadied under $111 a barrel on Tuesday, supported by prospects of stronger appetite in Asia but

Published 02 Apr, 2013 04:56am

Energy

CAO starts operation of storage facility in South Korea

SINGAPORE: China Aviation Oil (CAO), Asia's largest jet fuel trader, said it started commercial operations on Monday

Published 01 Apr, 2013 11:57am

Energy

Brent drops below $110 after China PMI data misses mark

SINGAPORE: Brent crude eased under $110 a barrel on Monday after Chinese manufacturing data missed market expectations,

Published 01 Apr, 2013 07:53am

Energy

Japan crude imports from Iran fall 32.3pc in February y/y

TOKYO: Japan's crude oil imports from Iran in February fell 32.3 percent from a year earlier to 953,848 kilolitres (

Published 29 Mar, 2013 05:06am

Energy

Vietnam raises fuel prices by up to 6.2pc: ministry

HANOI: Fuel distributors in Vietnam have raised the retail petrol price by 6.2 percent to 24,580 dong ($1.18) per litre,

Published 28 Mar, 2013 02:27pm

Energy

Oil mixed in Asian trade

SINGAPORE: Oil was mixed in Asia on Wednesday as traders took a breather after strong economic data from the United Stat

Published 27 Mar, 2013 04:10am

Energy

Brent steady near $108 on worries over Cyprus, euro zone oil demand

SINGAPORE: Brent crude remained steady above $108 a barrel on Tuesday on concerns the Cyprus bailout could set a new pre

Published 26 Mar, 2013 06:33am

Energy

Brent climbs above $108 after Cyprus rescue plan approved

SINGAPORE: Brent crude rose above $108 on Monday, as hopes brightened for a revival in demand after euro zone ministers

Published 25 Mar, 2013 10:29am

Energy

Sinopec 2012 profit falls 12.8pc

HONG KONG: China Petroleum and Chemical Corp (Sinopec Corp) reported a 12.8 percent fall in 2012 net profit on Sunday, d

Published 24 Mar, 2013 12:29pm

Energy

India to set up fund to cover refiners using Iranian oil

NEW DELHI: India plans to set up a fund to back local insurers providing cover for refiners processing Iranian oil after

Published 24 Mar, 2013 11:58am

Energy

Cairn India starts oil output from new field in Rajasthan Block

MUMBAI: Cairn India Ltd has commenced oil production from the Aishwariya field in the Rajasthan Block bordering Pakistan

Published 23 Mar, 2013 04:14pm

Energy

Oil prices rebound in Asia on positive Chinese data

SINGAPORE: Oil prices rebounded in Asia on Friday, buoyed by better-than-expected Chinese data, analysts said, as trader

Published 22 Mar, 2013 06:10am

Energy

Brent holds above $107 ahead of EU-Cyprus bailout deadline

SINGAPORE: Brent crude held above $107 a barrel on Friday, but was still on track for a second straight week of losses a

Published 22 Mar, 2013 05:32am

Energy

PetroChina says 2012 net profit falls 13pc

HONG KONG: PetroChina on Thursday reported that 2012 net profit fell 13.3 percent, despite increased production, as the

Published 21 Mar, 2013 10:30am

Energy

Oil prices lower in Asia on profit taking

SINGAPORE: Oil prices turned lower in Asian trade Thursday as data showing Chinese manufacturing picking up strongly in

Published 21 Mar, 2013 07:33am

Energy

Brent holds steady above $108 as China offsets Cyprus worries

SINGAPORE: Brent crude held steady above $108 a barrel on Thursday as China manufacturing data pointed to a better fuel

Published 21 Mar, 2013 04:43am

Energy

Oil recovers as ECB backs Cyprus banks

SINGAPORE: Oil prices bounced in Asia Wednesday after eurozone finance ministers and the European Central Bank (ECB) vow

Published 20 Mar, 2013 06:11am

Energy

Oil mixed in Asia as market follows Cyprus news

SINGAPORE: Oil prices were mixed in Asian trade on Tuesday, with investors closely following developments in the eurozon

Published 19 Mar, 2013 06:22am

Energy

Oil down on controversial Cyprus bailout deal

SINGAPORE: Oil prices eased on Monday on eurozone fears after Cyprus said it planned to tax bank deposits to win bailout

Published 18 Mar, 2013 06:49am

Energy

Brent drops below $109 on Cyprus concerns

TOKYO: Brent crude dropped more than $1 to below $109 a barrel on Monday in its steepest fall in nearly three weeks as t

Published 18 Mar, 2013 04:51am

Energy

Oil prices fall in Asian trade on demand fears

SINGAPORE: Oil prices declined in Asia on Thursday after the International Energy Agency (IEA) lowered its global demand

Published 14 Mar, 2013 07:24am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Wednesday after the OPEC cartel projected an increase in crude production, a

Published 13 Mar, 2013 07:00am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices were down in Asian trade Tuesday on concerns over a slowdown in China's economy, with the strong U

Published 12 Mar, 2013 07:04am

Energy

China February oil demand at 4th highest as growth slows

BEIJING: China's implied oil demand rose 4.9 percent in February from a year ago to the fourth highest level on record d

Published 12 Mar, 2013 06:25am

Energy

Kazakhstan eyes expanding oil pipeline to China

ASTANA: Kazakhstan hopes to start working on further pipeline capacity expansion to China this year, the head of its oil

Published 11 Mar, 2013 04:45pm

Energy

Saudi ups crude output, cuts supply slightly

DUBAI: Top oil exporter Saudi Arabia pumped 9.15 million barrels per day of crude oil in February, an industry source sa

Published 09 Mar, 2013 03:26pm

Energy

India may stop Iran oil imports as insurers back out

NEW DELHI: Indian refiners may be forced to halt imports of Iranian crude oil after insurance firms said refineries proc

Published 09 Mar, 2013 02:09pm

Energy

Kuwait sells light grade to Trafigura

SINGAPORE: Kuwait Petroleum Corp (KPC) has sold light naphtha to Trafigura through its first quarterly tender, traders s

Published 08 Mar, 2013 10:33am

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices fell in Asian trade Friday as the market awaited the release of US payrolls data amid lingering co

Published 08 Mar, 2013 07:26am

Energy

Oil prices ease in Asian trade

SINGAPORE: Oil prices fell in Asian trade Friday as the market awaited the release of US payrolls data amid lingering co

Published 08 Mar, 2013 05:20am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices were down in Asian trade Thursday, with sentiment subdued by concerns a prolonged budget stalemate

Published 07 Mar, 2013 06:29am

Energy

Brent below $111; ECB meeting, econ data in focus

SINGAPORE: Brent crude futures eased to trade just under $111 per barrel on Thursday as traders eyed central bank meetin

Published 07 Mar, 2013 06:17am

Energy

China to make fuel pricing more sensitive to crude price changes

BEIJING: China is working to revamp its fuel pricing system to allow refiners to adjust domestic prices of gasoline and

Published 06 Mar, 2013 08:58am

Energy

Japan to build LNG terminal for US shale gas imports: media

TOKYO: A local government in western Japan is planning to build a liquefied natural gas terminal to import shale gas fro

Published 02 Mar, 2013 12:51pm

Energy

South Lanka oil exploration bidders seen unfazed by well shutdown

COLOMBO: Sri Lanka kicks off a second round of bids for licenses to explore for oil and gas off its northwest coast next

Published 01 Mar, 2013 11:36am

Energy

Brent oil still targets $110.02

SINGAPORE: A bearish target at $110.02 per barrel remains unchanged for Brent oil, as indicated by its wave pattern and

Published 01 Mar, 2013 07:00am

Energy

Crude down in Asia as US growth disappoints

SINGAPORE: Oil prices eased in Asia Friday as revised fourth-quarter US economic growth disappointed, while dealers ey

Published 01 Mar, 2013 05:24am

Energy

Brent rebounds to above $112 on Bernanke, Italy debt sale

SINGAPORE: Brent crude rose above $112 a barrel on Thursday after Federal Reserve Chairman Ben Bernanke reassured market

Published 28 Feb, 2013 05:11am

Energy

Oil rebounds in Asia but Italy deadlock weighs

SINGAPORE: Oil prices rebounded in Asia Wednesday but analysts said sentiment remains hobbled by fears that deadlock in

Published 27 Feb, 2013 07:51am

Energy

Oil down as Italy polls spark new eurozone fears

SINGAPORE: Oil prices were down in Asia on Tuesday after inconclusive Italian national elections threatened instability

Published 26 Feb, 2013 05:47am

Energy

Brent hits 1-month low below $114 on Italy vote uncertainty

SINGAPORE: Brent crude futures fell by more than a dollar to one-month lows below $114 a barrel on Tuesday, hit by worri

Published 26 Feb, 2013 04:47am

Energy

Brent edges above $114 on firm euro; China data caps gains

SINGAPORE: Brent crude wiped out early losses to trade above $114 per barrel on Monday as a firmer euro supported prices

Published 25 Feb, 2013 09:23am

Energy

China raises fuel prices for first time this year

SHANGHAI: China raised government-set fuel prices on Monday for the first time this year to reflect changes in global cr

Published 25 Feb, 2013 07:11am

Energy

Oil falls in Asia as traders eye Italian elections

SINGAPORE: Oil prices eased in Asia on Monday as dealers awaited the outcome of an Italian general election that could w

Published 25 Feb, 2013 07:05am

Energy

China to raise fuel prices from Monday

BEIJING: China will raise the retail price ceiling for gasoline and diesel from Monday, energy consultancy C1 Energy sai

Published 24 Feb, 2013 11:13am

Energy

Sri Lanka raises fuel prices to record to cut losses

COLOMBO: Sri Lanka raised the price of fuels to record levels on Saturday to prevent the state-owned oil firm suffering

Published 23 Feb, 2013 11:54am

Energy

Brent rebounds above $114 but eyes largest weekly loss since December

SINGAPORE: Brent crude rebounded above $114 a barrel on Friday but stayed on track for its largest weekly loss since e

Published 22 Feb, 2013 06:35am

Energy

Oil down in Asian trade

SINGAPORE: Oil prices were down in Asia on Thursday as the dollar strengthened and amid market speculation that Saudi

Published 21 Feb, 2013 06:34am

Energy

Chevron buys Hazira naphtha from India ONGC in rare move

SINGAPORE: Chevron has bought 35,000 tonnes of naphtha from India's Oil and Natural Gas Corp (ONGC) for March 3-4 load

Published 21 Feb, 2013 05:07am

Energy

South Korea Lotte buys 130,000T naphtha

SINGAPORE: South Korea's Lotte Chemical has bought a total of 130,000 tonnes of naphtha so far for first-half April ar

Published 20 Feb, 2013 12:04pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade on Wednesday as investors returned from a long weekend holiday in the

Published 20 Feb, 2013 07:11am

Energy

BP, Reliance plan $5bn investment for India gas field

NEW DELHI: BP Plc and Reliance Industries Ltd Tuesday announced plans to invest over $5 billion to reverse a decline i

Published 19 Feb, 2013 04:46pm

Energy

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Tuesday after a holiday in the United States and data showing weaker oil e

Published 19 Feb, 2013 06:03am

Energy

Crude prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Monday with downward pressure comeing from a slip in US industrial output,

Published 18 Feb, 2013 06:24am

Energy

Bomb disables Iraq fuel oil pipeline

BAGHDAD: Attackers bombed and disabled a pipeline carrying fuel oil from Iraq's largest refinery to a province north o

Published 17 Feb, 2013 04:12pm

Energy

China fuel prices hit trigger point for a rise

BEIJING: China, the world's second-largest oil consumer, could consider raising the prices of gasoline and diesel as e

Published 17 Feb, 2013 08:46am

Energy

Coal India to meet 2012/13 supply target despite output slip

NEW DELHI: Coal India Ltd (CIL) will miss its production target for the current year by up to 6 million tonnes but wil

Published 14 Feb, 2013 04:57pm

Energy

Oil prices up in Asia as OPEC lifts demand forecast

SINGAPORE: Oil prices climbed in Asian trade on Thursday after the OPEC crude cartel raised its demand forecast for th

Published 14 Feb, 2013 07:02am

Energy

Crude holds above $97 as demand hopes counter stocks build

TOKYO: US crude futures edged up to stay above $97 a barrel on Thursday, paring a 0.5 percent decline a day earlier, h

Published 14 Feb, 2013 06:08am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Tuesday as dealers trod cautiously ahead of US President Barack Obama's State

Published 12 Feb, 2013 06:46am

Energy

Oil up in Asian trade ahead of ECB meeting

SINGAPORE: Oil was up in Asian trade Thursday as investors awaited the results of a European Central Bank (ECB) meet

Published 07 Feb, 2013 06:47am

Energy

Oil up in Asian trade ahead of ECB meeting

SINGAPORE: Oil was up in Asian trade Thursday as investors awaited the results of a European Central Bank (ECB) mee

Published 07 Feb, 2013 04:15am

Energy

Oil prices higher in Asia

SINGAPORE: Oil prices rose in Asian trade on Wednesday, supported by healthy economic indicators in the world's major

Published 06 Feb, 2013 04:16am

Energy

Oil prices slip in Asian trade

SINGAPORE: Oil prices fell in Asian trade on Tuesday in line with a sell-off in regional equities, analysts said, larg

Published 05 Feb, 2013 08:09am

Energy

Brent slips toward $115 on euro zone woes, firm dollar

SINGAPORE: Brent crude slipped towards $115 per barrel on Tuesday, giving up some of its gains from the last three w

Published 05 Feb, 2013 05:42am

Energy

Indonesian March gasoline imports seen flat

SINGAPORE: Indonesia may keep its 88-octane grade gasoline imports at around 9.4 million barrels for March delivery,

Published 04 Feb, 2013 11:08am

Energy

Oil steadies above $116 on economic outlook, Mideast

LONDON: Brent crude oil consolidated above $116 per barrel on Monday, not far off 4-1/2 month highs, on signs of imp

Published 04 Feb, 2013 10:13am

Energy

Oil prices slip in Asia on profit-taking

SINGAPORE: Oil prices eased on profit-taking in Asian trade Monday after enjoying healthy gains at the end of last wee

Published 04 Feb, 2013 06:22am

Energy

Brent steadies above $116 on economy hopes, Middle East worries

SINGAPORE: Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data f

Published 04 Feb, 2013 05:46am

Energy

Oil prices slip in Asia on profit-taking

SINGAPORE: Oil prices eased on profit-taking in Asian trade Monday after enjoying healthy gains at the end of last w

Published 04 Feb, 2013 04:34am

Energy

Oil up in Asian trade on US data, unrest

SINGAPORE: Oil prices were up in Asian trade Tuesday, on upbeat US durable goods data and concerns over unrest in Egypt

Published 29 Jan, 2013 07:18am

Energy

Japan's Idemitsu, Canada's Altagas to export LNG, LPG to Asia

TOKYO: Japanese oil refiner Idemitsu Kosan Co said on Tuesday it will form a partnership with Canada's Altagas Ltd to ex

Published 29 Jan, 2013 06:38am

Energy

Brent crude holds steady above $113 on positive US data

SINGAPORE: Brent crude held steady above $113 on Tuesday on hopes that economic growth might be picking up in the world'

Published 29 Jan, 2013 05:19am

Energy

Oil up in Asian trade on US data, geopolitical unrest

SINGAPORE: Oil prices were up in Asian trade Tuesday, on upbeat US durable goods data and geopolitical concerns in Egypt

Published 29 Jan, 2013 04:46am

Energy

Oil prices rise in Asia after Wall Street rally

SINGAPORE: Oil prices rose in Asian trade Monday with dealers encouraged by better-than-expected earnings data on Wall S

Published 28 Jan, 2013 06:45am

Energy

Brent hovers above $113 ahead of US Fed meeting

SINGAPORE: Brent crude held steady above $113 per barrel on Monday ahead of a US Federal Reserve policy meeting and key

Published 28 Jan, 2013 05:15am

Energy

Oil prices rise in Asia after Wall Street rally

SINGAPOREL: Oil prices rose in Asian trade Monday with dealers encouraged by better-than-expected earnings data on Wall

Published 28 Jan, 2013 04:32am

Energy

Iraq inks oil exploration deal with Kuwait Energy

BAGHDAD: Iraqi energy officials on Sunday signed an oil exploration deal with a Kuwait-led group, finalising a deal that

Published 27 Jan, 2013 03:41pm

Energy

Vietnam signs $9 billion oil refinery deal

HANOI: Vietnam on Sunday inked a deal with firms from Japan and Kuwait to build an oil refinery complex worth nearly $9

Published 27 Jan, 2013 11:58am

Energy

ENOC replaces sanctioned Iran oil with Qatari supplies

DUBAI: Emirates National Oil Co (ENOC) has started importing condensate from Qatar to replace sanctioned Iranian oil and

Published 27 Jan, 2013 11:48am

Energy

Exxon must choose Southern Iraq or Kurdistan: Luaibi

BAGHDAD: Iraq has told Exxon Mobil that it must choose between working in the country's southern oilfields or in autonom

Published 27 Jan, 2013 11:16am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices eased in Asia Friday, as dealers took a breather from a rally in New York that was spurred by enco

Published 25 Jan, 2013 05:48am

Energy

Thai oil refiner Bangchak to invest $202mn in 2013

BANGKOK: Thailand's Bangchak Petroleum Pcl said on Thursday it planned to invest about 6 billion baht ($202 million) in

Published 24 Jan, 2013 12:36pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday, with traders selling Brent crude for West Texas Intermediate (WTI), a

Published 24 Jan, 2013 06:32am

Energy

Brent crude holds above $112 on upbeat China data

SINGAPORE: Brent crude held above $112 a barrel on Thursday, supported by upbeat manufacturing data from China that coul

Published 24 Jan, 2013 05:24am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday, with traders selling Brent crude for West Texas Intermediate (WTI), a

Published 24 Jan, 2013 04:29am

Energy

Oil holds firm before US stockpile data

LONDON: Brent crude oil held steady above $112 a barrel on Wednesday as investors awaited inventory data from the United

Published 23 Jan, 2013 10:42am

Energy

Brent slips towards $112, holds on upbeat economic sentiment

SINGAPORE: Brent crude held above $112 a barrel on Wednesday, supported by a brighter outlook for the global economy whi

Published 23 Jan, 2013 06:40am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices were down in Asian trade Wednesday as investors locked in profits from recent gains. New York's

Published 23 Jan, 2013 06:28am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices were down in Asian trade Wednesday as investors locked in profits from recent gains. New York'

Published 23 Jan, 2013 04:56am

Energy

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday on geopolitical concerns triggered by a bloody showdown between

Published 22 Jan, 2013 06:31am

Energy

Brent firms to near $112 as BOJ adds to economic optimism

SINGAPORE: Brent crude rose to near $112 a barrel on Tuesday, after Japan pledged to pump in more money to boost its eco

Published 22 Jan, 2013 06:00am

Energy

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday on geopolitical concerns triggered by a bloody showdown between

Published 22 Jan, 2013 04:31am

Energy

Brent steadies below $112 on oversupply concerns

SINGAPORE: Brent futures steadied below $112 per barrel on Monday as the oil markets cooled after last week's rise with

Published 21 Jan, 2013 05:57am

Energy

Oil prices ease in Asia after recent rally

SINGAPORE: Oil prices were lower in Asian trade Monday as investors took profit following gains last week driven by enco

Published 21 Jan, 2013 04:31am

Energy

Oil prices rise on US, China demand hopes

NEW YORK: Oil prices rose Friday as investors banked on greater demand following encouraging economic data in China and

Published 19 Jan, 2013 06:33am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Thursday on profit-taking and the restarting of a British pipeline but an atta

Published 17 Jan, 2013 06:02am

Energy

Renewable energy on increase but 2030 target in doubt

ABU DHABI: The share of renewables in the global energy mix has increased over the past decade to more than 15 percent b

Published 16 Jan, 2013 11:25am

Energy

Brent rises towards $111 on US retail sales, small inventory gain

SINGAPORE: Brent crude rose towards $111 a barrel on Wednesday on hopes of a revival in demand growth in the world's top

Published 16 Jan, 2013 05:28am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Wednesday on stronger US demand for heating oil but an impending showdown

Published 16 Jan, 2013 04:44am

Energy

Brent slips towards $111.50 as US debt weighs

SINGAPORE: Brent crude slipped towards $111.50 a barrel on Tuesday after ending the previous session more than $1 higher

Published 15 Jan, 2013 07:26am

Energy

Oil prices down in Asia

SINGAPORE: Oil fell in Asia Tuesday after President Barack Obama warned Republicans over the debt ceiling, with traders

Published 15 Jan, 2013 06:52am

Energy

Oil prices down in Asia

SINGAPORE: Oil fell in Asia Tuesday after President Barack Obama warned Republicans over the debt ceiling, with traders

Published 15 Jan, 2013 05:32am

Energy

Saudi says oil supply cut not aimed at lifting prices

DUBAI: Top oil exporter Saudi Arabia cut oil output in December because of lower seasonal demand, a senior Saudi oil min

Published 14 Jan, 2013 01:31pm

Energy

Brent rises to near $111 on supply worries, econ revival hopes

SINGAPORE: Brent crude rose to near $111 a barrel on Monday as fears of disruption of supply from the Middle East resurf

Published 14 Jan, 2013 07:59am

Energy

Oil up in Asia on completion of new US pipeline

SINGAPORE: Oil was up in Asian trade on Monday as a completed US pipeline expansion project reduced oversupplied US inve

Published 14 Jan, 2013 06:47am

Energy

Oil up in Asia on completion of new US pipeline

SINGAPORE: Oil was up in Asian trade on Monday as a completed US pipeline expansion project reduced oversupplied US inve

Published 14 Jan, 2013 04:24am

Energy

Yemen resumes oil flow in main export pipeline

SANAA: Yemen resumed pumping crude through its main oil export pipeline on Saturday, two days after armed tribesmen blew

Published 12 Jan, 2013 03:17pm

Energy

Iraq Basra oil exports restored after bad weather

BAGHDAD: Oil exports from Iraq's southern Basra terminals were restored to 2.35 million barrels on Saturday after bad we

Published 12 Jan, 2013 12:31pm

Energy

Saudi faces battle over oil market share Kemp

LONDON: Fracking and a global surge in offshore exploration pose the biggest challenge to Saudi Arabia's oil policy sinc

Published 11 Jan, 2013 03:46pm

Energy

Asia Naphtha-Asia's top buyer Formosa seeks H2 Feb vols

SINGAPORE: Taiwan's Formosa Petrochemical is seeking naphtha for second-half February arrival at Mailiao after it had bo

Published 11 Jan, 2013 01:08pm

Energy

Oil mixed in Asia

SINGAPORE: Oil was mixed in Asia on Friday with some traders taking profits after stronger-than-expected trade data out

Published 11 Jan, 2013 06:42am

Energy

Oil up in Asia on Chinese trade data

SINGAPORE: Oil prices climbed in Asia on Thursday after a surge in China's trade surplus sparked hopes the world's secon

Published 10 Jan, 2013 06:45am

Energy

Brent inches up towards $112 as China data beats expectations

SINGAPORE: Brent crude futures inched up towards $112 per barrel on Thursday after trade numbers from China beat analyst

Published 10 Jan, 2013 04:59am

Energy

Oil up in Asian trade on Chinese trade data

SINGAPORE: Oil prices climbed in Asian trade Thursday after a surge in China's trade surplus sparked hopes the world's s

Published 10 Jan, 2013 04:28am

Energy

Iraq approves oil exploration deal with Kuwait Energy

BAGHDAD: Iraq has approved an oil exploration deal with a Kuwait Energy-led group, a senior oil official said on Wednesd

Published 09 Jan, 2013 03:24pm

Energy

Gasoil margin firm on Vietnam,Philippine demand

SINGAPORE: The Asian gasoil margin firmed on Wednesday as spot demand emerged from Vietnam and the Philippines, though s

Published 09 Jan, 2013 11:51am

Energy

Brent slips, below $112 as investors eye China data, central bank meetings

SINGAPORE: Brent futures slipped below $112 per barrel on Wednesday as investors awaited Chinese trade data, US corporat

Published 09 Jan, 2013 05:49am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Wednesday on lingering concerns over the US economy despite better-than-expect

Published 09 Jan, 2013 04:49am

Energy

Oil prices edge up in quiet Asian trade

SINGAPORE: Oil prices edged up in Asia on Tuesday, but trade was subdued as dealers waited for clearer signals on the US

Published 08 Jan, 2013 07:21am

Energy

Brent crude locked above $111 ahead of China data, ECB meeting

SINGAPORE: Brent crude futures steadied above $111 per barrel on Tuesday, trading in a tight range, as investors opted f

Published 08 Jan, 2013 06:10am

Energy

Oil prices edge up in quiet Asian trade

SINGAPORE: Oil prices edged up in Asia on Tuesday, but trade was subdued as dealers waited for clearer signals on the US

Published 08 Jan, 2013 04:45am

Energy

Iran oil export revenues down 45pc since March: ISNA

DUBAI: Iran's oil sales revenues have slumped by 45 percent since last March and are likely to remain low over the next

Published 07 Jan, 2013 02:18pm

Energy

Gasoline Naphtha margin recovers

SINGAPORE: Asian naphtha price was flat at $961.50 a tonne, but its margin recovered some of its losses to reach a two-s

Published 07 Jan, 2013 12:55pm

Energy

Oil down in Asia as US fiscal fears offset jobs data

SINGAPORE: Oil prices turned lower in Asian trade Monday as weak energy demand and concerns over more fiscal battles in

Published 07 Jan, 2013 07:07am

Energy

Brent stays above $111 on signs of growth in US, China

SINGAPORE: Brent crude futures held above $111 per barrel on Monday, supported by signs that the world's biggest economi

Published 07 Jan, 2013 05:29am

Energy

Oil mixed in Asia as US fiscal fears offset jobs data

SINGAPORE: Oil prices were mixed in Asian trade Monday as weak energy demand and concerns over more fiscal battles in Wa

Published 07 Jan, 2013 04:45am

Energy

Iran still spending to defend its key OPEC role

DUBAI: Iran has spent almost $25 billion on upstream oil and gas projects since last March but needs to keep investing t

Published 06 Jan, 2013 03:59pm

Energy

Turkey to discuss third LNG terminal with Qatar

ALGIERS: Turkey will hold talks with Qatar about building a third liquefied natural gas (LNG) terminal with a capacity o

Published 05 Jan, 2013 05:01pm

Energy

Oil down as euphoria over fiscal cliff deal fades

SINGAPORE: Oil prices were down in Asian trade Thursday as the initial euphoria over the fiscal cliff deal in the United

Published 03 Jan, 2013 04:42am

Energy

India Reliance sells 2013 gasoil, jet fuel at high premiums

SINGAPORE: India's Reliance Industries has finalised its 2013 term contracts to supply gasoil and jet fuel to several bu

Published 02 Jan, 2013 12:41pm

Energy

Taiwan CPC Corp offers rare kerosene cargo

SINGAPORE: Taiwan's CPC Corp has offered a rare kerosene cargo in the spot market, likely tapping firm demand from North

Published 02 Jan, 2013 12:16pm

Energy

Asia Swap Watch-Fuel oil Jan viscosity plunges

SINGAPORE: Fuel oil's January viscosity spread, the differential between 180-cst and 380-cst prices, plunged $1.88 a ton

Published 02 Jan, 2013 11:36am

Energy

Brent rises above $111 as US fiscal deal draws near

SINGAPORE: Brent crude extended gains on Wednesday, staying above $111 a barrel as the US Congress moved closer to a dea

Published 02 Jan, 2013 05:02am

Energy

Crude rises on US fiscal cliff deal

SINGAPORE: Oil was up in Asia Wednesday, as traders cheered a last-minute deal pieced together by US politicians to avoi

Published 02 Jan, 2013 04:22am

Energy

Brent holds above $110 as US fiscal cliff deadline draws near

SINGAPORE: Brent crude was steady above $110 per barrel on Monday as investors worried the United States may not reach a

Published 31 Dec, 2012 08:29am

Energy

Crude down in Asia on fading hopes of US fiscal cliff deal

SINGAPORE: Crude was down in Asia Monday as traders' hopes of a last-minute compromise deal between US politicians to av

Published 31 Dec, 2012 04:39am

Energy

Saudi finance minister oil production hikes

RIYADH: Production hikes by other oil producers will weigh on energy prices in 2013, potentially cutting into Saudi Arab

Published 30 Dec, 2012 11:10am

Energy

Oil up in Asia ahead of last-ditch fiscal cliff talks

SINGAPORE: Oil prices rose in Asia on Friday after US President Barack Obama called an 11th-hour meeting with top congre

Published 28 Dec, 2012 05:44am

Energy

Brent holds near $111 on US fiscal uncertainty; Japan supports

SINGAPORE: Brent crude held near $111 per barrel on Thursday as jittery investors stayed on the sidelines with a deadlin

Published 27 Dec, 2012 05:24am

Energy

Crude mixed in Asia on US fiscal cliff worries

SINGAPORE: Crude prices were mixed in thin Asian trade Thursday on continued uncertainty on whether a deal to avert the

Published 27 Dec, 2012 04:24am

Energy

Brent oil nears $110, US budget talks eyed

SINGAPORE: Brent crude rose around 1 percent to near $110 per barrel on Wednesday in thin trade as investors clung to ho

Published 26 Dec, 2012 02:05pm

Energy

Japan's Jan jet fuel imports set to be highest in over 2 years

SINGAPORE: Japan's jet fuel imports in January are set to be the highest in more than two years as refiners produce more

Published 26 Dec, 2012 11:44am

Energy

China Aviation Oil seeks up to 1.4mn bbls for Jan-Feb

SINGAPORE: China Aviation Oil (Singapore) is looking for up to 1.4 million barrels of jet fuel for January to February d

Published 26 Dec, 2012 05:06am

Energy

Oil up in Asia as traders eye US fiscal cliff talks

SINGAPORE: Oil prices were up in post-Christmas Asian trade Wednesday as traders warily eyed the soon-to-resume US budge

Published 26 Dec, 2012 04:41am

Energy

Iraq agrees to extend oil pipeline through Jordan

AMMAN: Iraq and Jordan agreed on Monday to extend an oil pipeline to the Red Sea city of Aqaba for the export of Iraqi c

Published 24 Dec, 2012 04:59pm

Energy

Coal India bets on domestic growth to meet demand

NEW DELHI: Coal India Ltd said it prefers to pursue a production increase at home over securing coal assets overseas as

Published 24 Dec, 2012 01:33pm

Energy

Bangladesh finalises fuel term deals at higher premiums

DHAKA: Bangladesh Petroleum Corporation (BPC) has concluded first half 2013 term negotiations for oil products at mostly

Published 24 Dec, 2012 08:16am

Energy

Brent extends losses, below $109, on US budget uncertainty

SINGAPORE: Brent crude fell for a third day, staying below $109 a barrel, as uncertainty over the ability of the United

Published 24 Dec, 2012 07:27am

Energy

Oil down in Asia on US fiscal cliff worries

SINGAPORE: Oil prices were lower in quiet Christmas Eve trade Monday with investors discouraged by a stalemate in US tal

Published 24 Dec, 2012 06:54am

Energy

Oil down in Asia on US fiscal cliff worries

SINGAPORE: Oil prices were lower in quiet Christmas eve trade Monday with traders discouraged by a political stalemate i

Published 24 Dec, 2012 04:28am

Energy

Bidding for Saudi Midyan gas field extended again: sources

KHOBAR: Saudi Aramco has extended the deadline to bid for the development of the Midyan gas field by three weeks to Janu

Published 23 Dec, 2012 12:13pm

Energy

Oil prices dip on profit-taking, fiscal cliff deal concerns

SINGAPORE: Oil prices fell in Asia on Friday, with traders taking profits after a recent rally and as US politicians con

Published 21 Dec, 2012 05:54am

Energy

Oil prices fall in Asia on absence of US fiscal deal

SINGAPORE: Oil prices dipped in Asia Thursday with traders growing jittery as Democrats and Republicans remain locked in

Published 20 Dec, 2012 08:19am

Energy

Oil prices fall in Asia on absence of US fiscal deal

SINGAPORE: Oil prices dipped in Asia Thursday with traders growing jittery as Democrats and Republicans remain locked in

Published 20 Dec, 2012 04:57am

Energy

Brent slips to $110, stalled US fiscal talks dent demand outlook

SINGAPORE: Brent crude slipped on Thursday to trade near $110 a barrel as investors took profits from recent gains after

Published 20 Dec, 2012 04:37am

Energy

India to slash Iran oil imports in 2013/14, seeks price cut

NEW DELHI: India plans a cut of 10 percent to 15 percent in imports of Iranian oil in the next fiscal year and will buy

Published 19 Dec, 2012 10:34am

Energy

Crude prices up in Asia on US inventory forecasts

SINGAPORE: Oil prices rose in Asia Wednesday, supported by a forecasted fall in US crude supplies ahead of a key report,

Published 19 Dec, 2012 07:34am

Energy

Brent above $108 on hopes of US budget crisis resolution

SINGAPORE: Brent futures held steady above $108 a barrel on Wednesday, tracking a rally in most other risk assets on exp

Published 19 Dec, 2012 04:46am

Energy

Crude prices up in Asia on US inventory forecasts

SINGAPORE: Oil prices rose in thin Asian trade Wednesday, supported by a forecasted fall in US crude supplies, analysts

Published 19 Dec, 2012 04:22am

Energy

Crude prices rise in Asia on fiscal cliff hopes

SINGAPORE: Oil prices were up in Asia Tuesday as hopes rose of a US deal to avert the fiscal cliff after a meeting betwe

Published 18 Dec, 2012 07:26am

Energy

Brent rises above $108 on hopes US will resolve budget crisis

SINGAPORE: Brent crude rose above $108 a barrel on Tuesday, on expectations of a revival in demand growth as the United

Published 18 Dec, 2012 04:48am

Energy

Crude prices rise in Asia on US fiscal hopes

SINGAPORE: Oil prices rose in Asia Tuesday, with hopes rising of a US deal to avert the fiscal cliff after a meeting bet

Published 18 Dec, 2012 04:18am

Energy

Brent steadies above $108, China hopes support; US talks eyed

SINGAPORE: Brent crude held steady above $108 a barrel on Monday, drawing support from a brighter economic outlook for t

Published 17 Dec, 2012 05:32am

Energy

Crude up in Asia on China demand hopes

SINGAPORE: Oil was up in Asia Monday on trader expectations of a hike in Chinese crude demand after a key survey showed

Published 17 Dec, 2012 04:50am

Energy

Crude up in Asia on positive China data

SINGAPORE: Crude prices were up in Asia on Friday after a closely watched survey showed Chinese manufacturing hitting a

Published 14 Dec, 2012 06:55am

Energy

Taiwan resumes Iran oil imports in November after 7 month halt

SINGAPORE: Taiwan resumed Iranian crude imports from November after seven months as refiners sought to fulfill contractu

Published 13 Dec, 2012 11:54am

Energy

Brent slips towards $109 on stockpiles, fiscal concerns

LONDON: Brent crude slipped toward $109 a barrel on Thursday on rising US oil stockpiles, while fears that the world's l

Published 13 Dec, 2012 10:18am

Energy

Oil lower in Asia on supply glut fears

SINGAPORE: Oil prices fell in Asia on Thursday after OPEC warned of an oversupply as uncertainty surrounds the outlook f

Published 13 Dec, 2012 07:25am

Energy

Brent crude slips toward $109 as US stocks rise, fiscal concerns weigh

SINGAPORE: Brent crude slipped toward $109 a barrel on Thursday, on rising oil stockpiles and weaker fuel demand in the

Published 13 Dec, 2012 05:37am

Energy

Oil lower in Asia on supply glut fears

SINGAPORE: aOil prices fell in Asia on Thursday after the Organisation of Petroleum Exporting Countries (OPEC) warned of

Published 13 Dec, 2012 04:48am

Energy

Oil prices higher in Asian trade

SINGAPORE: World oil prices extended gains in Asian trade Wednesday on supply concerns after the OPEC cartel reported a

Published 12 Dec, 2012 06:32am

Energy

OPEC meets over oil output, to pick new head

VIENNA: OPEC holds a meeting here Wednesday to decide on the cartel's oil output levels and to choose a new secretary-ge

Published 12 Dec, 2012 06:16am

Energy

Brent stays above $108 after OPEC cuts output

SINGAPORE: Brent crude held above $108 a barrel on Wednesday as OPEC reduced oil supply, although rising output from the

Published 12 Dec, 2012 05:18am

Energy

Oil prices higher in Asian trade

SINGAPORE: World oil prices extended gains in Asian trade Wednesday on supply concerns after the OPEC cartel reported a

Published 12 Dec, 2012 04:29am

Energy

Japan researchers invent solar-cell fabric

TOKYO: Clothes that could literally light up your life were unveiled Tuesday by Japanese researchers who said their sola

Published 11 Dec, 2012 07:38am

Energy

Oil up in Asia on expectations for fresh US stimulus

SINGAPORE: Oil prices rose in Asian trade Tuesday on expectations of fresh stimulus measures from the Federal Reserve to

Published 11 Dec, 2012 06:23am

Energy

Brent edges down near $107 as US, Italy woes rattle investors

SINGAPORE: Brent crude edged down towards $107 a barrel on Tuesday as a stalemate over fiscal talks in the United States

Published 11 Dec, 2012 04:55am

Energy

Oil up in Asia on expectations for fresh US stimulus

SINGAPORE: Oil prices rose in Asian trade Tuesday on expectations of fresh stimulus measures from the US Federal Reserve

Published 11 Dec, 2012 04:29am

Energy

Petronas sees LNG exports from $11bn Canadian facility by 2018

KUALA LUMPUR: Malaysian state oil firm Petronas expects to begin exports by 2018 from an $11-billion liquefied natural g

Published 10 Dec, 2012 05:07am

Energy

Brent steady above $107, China, US data spur demand hopes

SINGAPORE: Brent crude futures held above $107 a barrel on Monday, snapping five straight days of losses, as promising d

Published 10 Dec, 2012 04:55am

Energy

Oil up in Asia on upbeat China manufacturing data

SINGAPORE: Oil prices gained in Asia Monday as traders welcomed data indicating a continued economic pick-up in China, t

Published 10 Dec, 2012 04:23am

Energy

South Korea GS Caltex to plan a crude unit shutdown in March

SEOUL: South Korea's GS Caltex will shut a 330,000 barrels-per-day (bpd) No. 4 crude distillation unit (CDU) next March

Published 07 Dec, 2012 08:34am

Energy

Oil prices rebound in Asia on bargain hunting

SINGAPORE: Oil prices rebounded in Asian trade Friday on bargain hunting following sharp falls in New York, but analysts

Published 07 Dec, 2012 06:56am

Energy

China tells Vietnam to halt oil exploration in disputed waters

BEIJING: China told Vietnam on Thursday to stop unilateral oil exploration in disputed areas of the South China Sea and

Published 06 Dec, 2012 10:26pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices turned mixed in Asian trade Thursday on signs of weaker US energy demand and as positions hardened

Published 06 Dec, 2012 06:16am

Energy

Brent steadies below $109, econ worries hurt; Mideast tensions eyed

SINGAPORE: Brent crude held below $109 per barrel on Thursday, as niggling worries about the global economy and oil dema

Published 06 Dec, 2012 04:57am

Energy

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asian trade Thursday on signs of weaker US energy demand and as positions hardened in a fi

Published 06 Dec, 2012 04:36am

Energy

Brent hovers near $110 as US demand worries resurface

SINGAPORE: Brent crude was steady around $110 a barrel on Wednesday, nursing losses from the previous two sessions, as i

Published 05 Dec, 2012 04:50am

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices were higher in Asian trade on Wednesday but sentiment was weighed by uncertainty over untangling a

Published 05 Dec, 2012 04:14am

Energy

Brent slips below $111 on bleak US data, 'fiscal cliff' worries

SINGAPORE: Brent futures slipped below $111 per barrel on Tuesday as demand concerns moved into focus after weak manufac

Published 04 Dec, 2012 05:11am

Energy

Crude oil prices fall on US data, fiscal cliff woes

SINGAPORE: Crude prices fell in Asia Tuesday after data showed US manufacturing activity contracted last month, while de

Published 04 Dec, 2012 04:06am

Energy

Oil prices up in Asia on Middle East fears

SINGAPORE: Crude prices rose in Asia Monday after UN chief Ban Ki Moon warned that Israel's new resettlement plans would

Published 03 Dec, 2012 06:34am

Energy

Brent rises toward $112 as data shows China growth revival

SINGAPORE: Brent crude rose toward $112 per barrel on Monday on signs economic growth was reviving in China, the world's

Published 03 Dec, 2012 04:58am

Energy

Oil prices up in Asia on Middle East fears

SINGAPORE: Crude prices rose in Asia Monday after UN chief Ban Ki Moon warned that Israel's new resettlement plans would

Published 03 Dec, 2012 04:22am

Energy

New UAE pipeline bypasses Strait of Hormuz for ensuring oil export to Asian markets

ABU DHABI: The United Arab Emirates has laid down a 400 km pipeline from Habshan fields in Abu Dhabi to Fujairah termina

Published 02 Dec, 2012 11:13pm

Energy

South Korea Nov crude imports up 10.5pc y/y

SEOUL: South Korea's crude oil imports in November rose 10.5 percent from a year earlier to 81.0 million barrels, prelim

Published 01 Dec, 2012 10:31am

Energy

Oil prices bounce back in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Thursday on hopes the United States will reach a deal to avoid the fiscal

Published 29 Nov, 2012 06:56am

Energy

Brent rises towards $110, on improved US budget talks, MEast

SINGAPORE: Brent crude rose towards $110 a barrel on Thursday, as US lawmakers appeared to be inching closer to a deal o

Published 29 Nov, 2012 04:42am

Energy

Oil prices bounce back in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Thursday on hopes the United States will reach a deal to avoid the fiscal

Published 29 Nov, 2012 04:14am

Energy

Libyan team to visit France to study refinery project

TRIPOLI: Libya's sovereign wealth fund is to send a team to France next week to examine the prospects of investing in th

Published 28 Nov, 2012 03:32pm

Energy

Brent hovers below $110, US fiscal worries weigh

SINGAPORE: Brent crude steadied below $110 per barrel on Wednesday, not far from a one-week low hit in the previous sess

Published 28 Nov, 2012 04:49am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as investors focused on US budget talks and doubts emerged ove

Published 28 Nov, 2012 04:24am

Energy

Brent climbs above $111 after Greek debt deal

SINGAPORE: Brent crude rose above $111 per barrel on Tuesday as optimism coursed through financial markets after Greece'

Published 27 Nov, 2012 04:59am

Energy

Oil prices rebound on Greece debt deal

SINGAPORE: Oil prices rebounded Tuesday after eurozone ministers and the International Monetary Fund reached a deal to r

Published 27 Nov, 2012 04:22am

Energy

Shell Martinez refinery cuts production on unit

BANGALORE: Royal Dutch Shell Plc said it had reduced the feed to an unnamed unit from which a release had occurred at it

Published 26 Nov, 2012 09:21pm

Energy

Libyan oil fever fades as 2013 talks begin

GENEVA: A year after oil firms jockeyed to secure the first deals in post-war Libya, political disorder and a large surp

Published 26 Nov, 2012 01:21pm

Energy

Brent holds above $111 on Greek deal hopes, Egypt clashes

SINGAPORE: Brent crude held above $111 a barrel on Monday as hopes Greece can avoid a near-term bankruptcy brightened th

Published 26 Nov, 2012 04:37am

Energy

Oil down in Asian trade

SINGAPORE: Oil prices were down in Asian trade Monday as markets awaited the outcome of a eurozone finance ministers' me

Published 26 Nov, 2012 04:20am

Energy

Brent near $111 on uptick in China economy; US stock draw

SINGAPORE: Brent crude hovered near $111 as the Chinese economy showed further signs of recovery, bolstering the outlook

Published 22 Nov, 2012 04:44am

Energy

Gaza ceasefire limits Asian oil gains

SINGAPORE: Crude price rises were limited in Asian trade Thursday after a ceasefire ended a week of cross-border violenc

Published 22 Nov, 2012 04:20am

Energy

Brent crude rises above $110 on Mideast violence

SINGAPORE: Brent crude rose above $110 per barrel on Wednesday on fears of supply disruption from the Middle East as cla

Published 21 Nov, 2012 04:57am

Energy

Oil down on profit-taking, French rating cut

SINGAPORE: Oil fell in Asia Tuesday as traders engaged in profit-taking following a huge surge the previous day, with Mo

Published 20 Nov, 2012 07:05am

Energy

Brent steady above $111 on US fiscal deal hopes, Mideast tension

SINGAPORE: Brent crude held steady above $111 a barrel on Tuesday, less than a dollar away from a one-month top hit in t

Published 20 Nov, 2012 04:52am

Energy

Iron ore at 2-week low as China demand slips, swaps down

SINGAPORE: Iron ore swaps dropped on Tuesday after spot prices hit two-week lows with demand from top buyer China losing

Published 20 Nov, 2012 04:48am

Energy

Crude down on profit-taking, French rating cut

SINGAPORE: Crude was down in Asia Tuesday as traders took profits and ratings agency Moody's downgraded the French gover

Published 20 Nov, 2012 04:21am

Energy

Australia resource-rich, but faces challenges: IEA

SYDNEY: Australia's coal and gas exports will surge as its resource sector booms, but it faces challenges such as labour

Published 19 Nov, 2012 10:19am

Energy

UK gas prices ease on mild weather, healthy supplies

LONDON: British wholesale prompt natural gas prices eased on Monday morning as milder weather and healthy supplies left

Published 19 Nov, 2012 10:10am

Energy

Brent climbs to above $109 on Mideast tensions

SINGAPORE: Brent crude edged up to above $109 a barrel on Monday as escalating tensions between Israelis and Palestinian

Published 19 Nov, 2012 04:45am

Energy

Crude up in Asia amid Middle East conflict

SINGAPORE: Crude prices were up in Asia Monday on supply concerns amid the escalating Israel-Palestine conflict and foll

Published 19 Nov, 2012 04:30am

Energy

Spain Repsol hopeful of YPF compensation

MADRID: Spanish oil major Repsol hopes to reach an agreement with Argentina on compensation for the nationalisation of R

Published 18 Nov, 2012 11:52am

Energy

Oil mixed in Asian trade

SINGAPORE: Crude oil prices turned mixed in Asia on Friday as geopolitical tensions in the Middle East heated up followi

Published 16 Nov, 2012 06:42am

Energy

Brent steady at $108, Mideast violence hikes supply fears

SINGAPORE: Brent futures held around $108 a barrel on Friday, as uncertainties surrounding the global economic outlook w

Published 16 Nov, 2012 04:36am

Energy

Oil down in Asia on weak US, eurozone data

SINGAPORE: Crude oil prices fell in Asia on Friday as investors took their cue from weak economic data out of the United

Published 16 Nov, 2012 04:11am

Energy

Crude higher in Asian trade

SINGAPORE: Oil turned higher in Asia on Thursday as tensions in the oil-rich Middle East escalated following the death o

Published 15 Nov, 2012 07:17am

Energy

Brent crude steady above $109 as Mideast tensions escalate

SINGAPORE: Brent crude held steady above $109 a barrel on Thursday as Israeli strikes against the Gaza Strip renewed wor

Published 15 Nov, 2012 04:24am

Energy

Crude mixed in Asian trade

SINGAPORE: Oil was mixed in Asia on Thursday as Middle East tensions escalated after Israel launched a fresh attack in G

Published 15 Nov, 2012 04:12am

Energy

Brent slips below $108 as IEA cuts demand outlook, supply rises

SINGAPORE: Brent crude slipped below $108 a barrel on Wednesday, declining for a third day, after the International Ener

Published 14 Nov, 2012 09:03am

Energy

Brent slips below $108 as IEA cuts demand outlook, supply rises

SINGAPORE: Brent crude slipped below $108 a barrel on Wednesday, declining for a third day, after the International Ener

Published 14 Nov, 2012 08:04am

Energy

Crude prices fall in Asia on demand fears

SINGAPORE: Crude prices fell in Asia on growing fears over the US and Greek economies Wednesday, while the International

Published 14 Nov, 2012 04:32am

Energy

Brent slips below $109 on demand worries, flush supply

SINGAPORE: Brent crude slipped below $109 on Tuesday, declining for a second day on worries about demand growth in a wel

Published 13 Nov, 2012 07:23am

Energy

Crude down in Asia on US "fiscal cliff" fears

SINGAPORE: Crude prices fell in Asia Tuesday as traders fretted over the looming US "fiscal cliff", analysts said. N

Published 13 Nov, 2012 05:08am

Energy

Crude mixed in Asia

SINGAPORE: Crude turned mixed in Asia Monday with traders cheered by positive US and Chinese economic data, as Greek law

Published 12 Nov, 2012 08:04am

Energy

Brent dips below $109, US fiscal woes weigh

SINGAPORE: Brent oil slipped below $109 per barrel on Monday as worries about a looming fiscal calamity in top consumer

Published 12 Nov, 2012 06:17am

Energy

Crude down in Asia after Greece budget vote

SINGAPORE: Crude sank in Asia Monday after Greek lawmakers approved a new austerity budget which the government has vowe

Published 12 Nov, 2012 04:50am

Energy

Total CEO confirms talks to sell assets in Nigeria

ABU DHABI: French oil major Total is in talks to sell some assets in Nigeria, the company's chief executive said on Sund

Published 11 Nov, 2012 03:29pm

Energy

BP CEO sees update on UAE oil concessions in next week

ABU DHABI: BP Plc, shut out of pre-qualifcation bidding to develop Abu Dhabi's largest onshore oil fields, hopes to hear

Published 11 Nov, 2012 12:42pm

Energy

Bandar Abbas refinery capacity to increase

DUBAI: The capacity of Iran's Bandar Abbas oil refinery will rise by 10,000 barrels per day to 345,000 bpd by late Novem

Published 11 Nov, 2012 11:54am

Energy

Saudi oil production at 9.7 million bpd in Oct

ABU DHABI: Saudi Arabia pumped roughly 9.7 million barrels per day (bpd) of oil in October, the OPEC heavyweight's oil m

Published 11 Nov, 2012 09:15am

Energy

Iraq gives Gazprom energy ultimatum: spokesman

BAGHDAD: Baghdad has told Russian energy giant Gazprom to either cancel its energy contracts in Iraq's autonomous Kurdis

Published 09 Nov, 2012 12:28pm

Energy

Indian Oil aims to buy 200,000 bpd from Kuwait in FY 14

NEW DELHI: India's state owned refiner Indian Oil Corp aims to buy 200,000 barrels per day (bpd) of oil from Kuwait in t

Published 09 Nov, 2012 11:36am

Energy

Crude prices rise in Asia on US, China data

SINGAPORE: Crude prices rose in Asia on Friday, buoyed by an unexpected narrowing of the US trade deficit and slowing Ch

Published 09 Nov, 2012 08:08am

Energy

Oman offers prompt crude, more OSPs awaited

SINGAPORE: The Middle East crude market was steady on Thursday as traders took stock of the official selling prices alre

Published 08 Nov, 2012 12:00pm

Energy

Iron ore at 3-month high on China policy hopes

SINGAPORE: Iron ore rose to its highest in more than three months and traders upped offers on Thursday for cargoes for s

Published 08 Nov, 2012 06:14am

Energy

Brent inches above $107 after slump; Europe swings into focus

SINGAPORE: Brent crude rose above $107 a barrel in Asia on Thursday as a slump of almost 4 percent in the previous sessi

Published 08 Nov, 2012 05:55am

Energy

Crude up in Asia on bargain-hunting

SINGAPORE: Crude rebounded in Asia Thursday with traders on a bargain-hunting spree after prices plunged as the US "fisc

Published 08 Nov, 2012 05:14am

Energy

Sinopec unit seeks 3.6mn bbls jet fuel for January - December

SINGAPORE: Sinopec's subsidiary in Hong Kong is seeking 3.6 million barrels of jet fuel for delivery over January to Dec

Published 07 Nov, 2012 12:54pm

Energy

Steady as Qatar OSP differentials unchanged

SINGAPORE: Qatar lowered its October official selling prices for its Marine crude by $2.35 per barrel to $109.95 per bar

Published 07 Nov, 2012 11:51am

Energy

Iraq expels Turkish firm from oil exploration deal

BAGHDAD: Iraq expelled Turkish national energy firm TPAO on Wednesday from a consortium that won an exploration contract

Published 07 Nov, 2012 11:29am

Energy

Crude down in Asia on profit-taking

SINGAPORE: Crude fell in Asia Wednesday as traders took profits following the previous day's rally while US President Ba

Published 07 Nov, 2012 06:36am

Energy

Brent holds below $111 on demand worries, Middle East tension

SINGAPORE: Brent futures held below $111 per barrel on Wednesday as concerns about weak demand in a fragile economy and

Published 07 Nov, 2012 06:34am

Energy

Iron ore hits 3-month high in slow climb, firm China buying

SINGAPORE: Benchmark iron ore touched three-month highs of above $120 a tonne on sustained buying interest from Chinese

Published 06 Nov, 2012 07:59am

Energy

Brent steadies under $108; US vote, Greece in focus

SINGAPORE: Brent oil traded in a tight range below $108 per barrel on Tuesday, hurt by uncertainty ahead of the US elect

Published 06 Nov, 2012 07:50am

Energy

Oil down in Asia on eve of US presidential vote

SINGAPORE: Oil fell in Asia Tuesday with trading subdued ahead of knife-edge US presidential elections and the start of

Published 06 Nov, 2012 05:08am

Energy

Brent steady near $108 ahead of US jobs data

SINGAPORE: Brent crude held steady near $108 a barrel on Friday as investors look ahead to key jobs data from the United

Published 02 Nov, 2012 09:18am

Energy

India's Wipro profits up 24pc, beats forecasts

BANGALORE: India's third-largest outsourcing firm Wipro reported Friday second-quarter net profit jumped 24 percent, tha

Published 02 Nov, 2012 09:14am

Energy

Fuel oil cracks sink to more than 17-month lows

SINGAPORE: Prompt fuel oil cracks hovered at more than 17-month lows in early Wednesday trade amid depressed demand and

Published 31 Oct, 2012 06:37am

Energy

Brent hovers near $109; recovery eyed post Sandy

SINGAPORE: Brent crude held steady near $109 a barrel on Wednesday after the huge storm Sandy whiplashed the US East Coa

Published 31 Oct, 2012 05:04am

Energy

Crude steady, traders await OSP announcements

SINGAPORE: The Middle East crude market was steady on Tuesday as traders awaited announcements of official selling price

Published 30 Oct, 2012 12:20pm

Energy

Oil extends losses as storm lashes US east coast

SINGAPORE: Oil extended losses in Asian trade on Tuesday as mega-storm Sandy tore through the east coast of the United S

Published 30 Oct, 2012 10:14am

Energy

Oil prices down in Asia ahead of US data

SINGAPORE: Oil prices turned lower in Asia Friday, in tandem with regional equities as traders cashed out ahead of the r

Published 26 Oct, 2012 08:55am

Energy

Brent rises above $108 on promising US data, but Europe woes weigh

SINGAPORE: Brent futures rose above $108 on Thursday as positive economic data out of the world's top oil consumer the U

Published 25 Oct, 2012 06:16am

Energy

Crude higher in Asia on China manufacturing data

SINGAPORE: Oil prices climbed in Asian trade Thursday on data showing a slight pick-up in China's manufacturing sector,

Published 25 Oct, 2012 04:35am

Energy

Kuwait appoints consultants for mega oil projects

KUWAIT CITY: Kuwait National Petroleum Co. (KNPC) said on Wednesday it has selected Foster Wheeler and Amec companies as

Published 24 Oct, 2012 01:03pm

Energy

Brent snaps six-day losing streak, near $109 after China data

SINGAPORE: Brent crude futures climbed more than $1 on Wednesday, snapping a six-day losing streak after economic data f

Published 24 Oct, 2012 08:43am

Energy

Brent rises over $1 to $109.26 after China data

SINGAPORE: Brent futures rose more than $1 a barrel on Wednesday, snapping a six-day losing streak, after economic data

Published 24 Oct, 2012 05:16am

Energy

Oil prices rebound in Asia, US data in focus

SINGAPORE: Oil prices rebounded in Asia on Wednesday after slumping in New York, with traders hopeful that US data due o

Published 24 Oct, 2012 04:29am

Energy

Iran's current oil production 4 million bpd

DUBAI: Iran's current oil production is 4 million barrels per day, its oil minister Rostam Qasemi said on Tuesday on the

Published 23 Oct, 2012 07:45am

Energy

Brent slips for 6th day, stays above $109 as Mideast supports

SINGAPORE: Brent futures slipped for a sixth day on Tuesday on worries over oil demand growth due to an uncertain global

Published 23 Oct, 2012 07:18am

Energy

Oil mixed in Asia as US corporate earnings weigh

SINGAPORE: Crude turned mixed in Asia on Tuesday as traders searched for bargains while US corporate earnings disappoint

Published 23 Oct, 2012 06:44am

Energy

Brent steady above $109 after sliding for five days, Mideast support

SINGAPORE: Brent futures held steady above $109 as investors judged the previous session's fall in prices to their lowes

Published 23 Oct, 2012 05:44am

Energy

Oil up in Asia on bargain hunting

SINGAPORE: Crude rebounded in Asia on Tuesday as traders returned to the market after prices plunged on oil demand fears

Published 23 Oct, 2012 04:24am

Energy

India's Sept fuel sales up 2.8pc, slowest since April

NEW DELHI: India's diesel demand rose at its slowest pace this year in September, after the government hiked prices by 1

Published 22 Oct, 2012 08:14am

Energy

Brent climbs near $111 after 4-day fall, growth woes cap rise

SINGAPORE: Brent crude edged up towards $111 a barrel on Monday after a four-day decline spurred by worries over a fragi

Published 22 Oct, 2012 07:59am

Energy

Fuel oil spreads hover at parity; physical demand eyed

SINGAPORE: Fuel oil's timespreads rebounded to parity in early Monday trade but players continued to eye demand from uti

Published 22 Oct, 2012 06:12am

Energy

Middle East oil disruptions to hit Asia first: IEA

SINGAPORE: Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand surges,

Published 22 Oct, 2012 06:03am

Energy

China end Sept commercial crude stocks up 0.6pc m/m

BEIJING: China's commercial crude inventories inched up 0.6 percent at the end of September from a month earlier, after

Published 22 Oct, 2012 04:28am

Energy

World oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Friday as investors await the final outcome of the latest EU summit on t

Published 19 Oct, 2012 07:44am

Energy

Kenya buys more than 450,000 tonnes oil products for Nov, Dec

SINGAPORE: Kenya has agreed to buy more than 450,000 tonnes of oil products for delivery in November and December, sligh

Published 19 Oct, 2012 06:36am

Energy

Turkmenistan sees oil investment up at $3.8bn in 2012

ASHGABAT: Hydrocarbon-rich Turkmenistan will attract this year $3.8 billion in investments from its production sharing a

Published 18 Oct, 2012 08:11am

Energy

Singapore aims to supply LNG as marine fuel end-2014

SINGAPORE: Singapore plans to start supplying liquefied natural gas (LNG) as marine fuel by late 2014, a senior official

Published 18 Oct, 2012 06:56am

Energy

Naphtha prompt inter-month spread at near one week high

SINGAPORE: Naphtha's prompt November/December inter-month timespread rose to a near one-week high on Thursday as buying

Published 18 Oct, 2012 06:51am

Energy

Brent crude steady above $113 as China GDP meets expectations

SINGAPORE: Brent futures held above $113 on Thursday, buoyed by hopes for steady growth in demand after China, the world

Published 18 Oct, 2012 04:24am

Energy

Brent steady above $114 on hopes over Europe, supply woes support

SINGAPORE: Brent futures held steady above $114 on Wednesday on hopes of a revival in oil demand growth as a European Un

Published 17 Oct, 2012 07:42am

Energy

South Korea EWP buys 50,000 T for November

SEOUL: Korea East-West Power Co Ltd (EWP) bought 50,000 tonnes of high sulphur fuel oil from Mercuria via a tender that

Published 17 Oct, 2012 05:52am

Energy

Venezuela in talks with India's Reliance to explore blocks

NEW DELHI: Venezuela's state oil company PDVSA is in talks with India's Reliance Industries and ONGC to explore Ayacucho

Published 17 Oct, 2012 05:48am

Energy

Crude mixed in Asia as dealers weigh Europe news

SINGAPORE: Oil prices were mixed in Asia Wednesday as traders weighed global economic woes and an uptick in US crude inv

Published 17 Oct, 2012 05:37am

Energy

Brent oil to fall to $112.94

SINGAPORE: Brent oil is likely to drop to $112.94 per barrel, a break below which will lead to a further loss to $111.94

Published 17 Oct, 2012 05:05am

Energy

China daily crude steel output rises 4pc in early October

SHANGHAI: China's average daily crude steel output rebounded to 1.916 million tonnes in the first 10 days of October, up

Published 17 Oct, 2012 04:38am

Energy

Oil turns higher in Asian trade

SINGAPORE: Crude turned higher in Asia on Tuesday supported by tighter European Union sanctions against Iran, but analys

Published 16 Oct, 2012 06:43am

Energy

Brent steady above $115 on supply worries as EU tightens Iran sanctions

SINGAPORE: Brent futures held steady above $115, underpinned by supply concerns after the European Union slapped more sa

Published 16 Oct, 2012 04:00am

Energy

Oil down in Asia on softer global demand forecast

SINGAPORE: Oil was down in Asia on Monday after the International Energy Agency (IEA) cut its global crude demand growth

Published 15 Oct, 2012 04:28am

Energy

Brent hovers above $115, eyes best week in two months

SINGAPORE: Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest we

Published 12 Oct, 2012 06:08am

Energy

Kazakh oil pipeline firm may raise $199mn in "People's IPO"

ALMATY: Kazakhstan's oil pipeline monopoly KazTransOil plans to raise 30 billion tenge ($199 million) via an initial pub

Published 12 Oct, 2012 05:53am

Energy

Taiwan's Formosa buys November cargoes

SINGAPORE: Taiwan's Formosa Petrochemical Corp has bought two-three cargoes of naphtha feedstock for its 2.93 million to

Published 12 Oct, 2012 05:37am

Energy

Crude up in Asia on Middle East tensions

SINGAPORE: Crude oil prices rose in Asia Thursday with Middle East supply risks coming to the fore after Turkey warned S

Published 11 Oct, 2012 05:25am

Energy

Brent crude rises toward $115, supported by Mideast tension

SINGAPORE: Brent crude climbed toward $115 a barrel on Thursday as rising tensions in the Middle East stoked supply fear

Published 11 Oct, 2012 05:24am

Energy

Saudi to supply full Nov crude to one Asia buyer

TOKYO: Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one As

Published 11 Oct, 2012 04:24am

Energy

Kuwait raises Nov crude OSP to Asia by $0.75/bbl

TOKYO: Kuwait has raised its official selling price (OSP) for crude to Asian buyers for November by $0.75 a barrel from

Published 11 Oct, 2012 04:12am

Energy

Brent crude rises toward $115 as Mideast tensions support

SINGAPORE: Brent crude climbed toward $115 a barrel on Thursday as rising tensions in the Middle East stoked supply fear

Published 11 Oct, 2012 04:05am

Energy

China daily crude steel output falls to 1.843mn tonnes in late Sept

SHANGHAI: China's average daily crude steel output fell to 1.843 million tonnes between Sept 21-30, down 0.74 percent fr

Published 11 Oct, 2012 03:57am

Energy

Iran raises November official selling prices to Asia

SINGAPORE: Iran has raised its official selling prices (OSPs) for November-loading crude to Asia, industry sources said

Published 10 Oct, 2012 10:04am

Energy

China's Sinopec to build $850mn oil storage in Indonesia

SINGAPORE/BEIJING: Asia's top refiner, China's Sinopec, has started work to build Southeast Asia's largest oil storage t

Published 10 Oct, 2012 06:36am

Energy

Vietnam offers Jan-June Su Tu Den on dated Brent

SINGAPORE: Vietnam's state oil marketer PV Oil has offered Su Tu Den crude for loading between January to June to be pri

Published 10 Oct, 2012 05:26am

Energy

Brent falls below $114 as sluggish economy outweighs supply risk

SINGAPORE: Brent crude slipped below $114 on Wednesday after a 2 percent jump the previous day, with a cloudy economic o

Published 10 Oct, 2012 04:18am

Energy

Indian Oil sells Dahej cargo at $40/T premium

SINGAPORE: Indian Oil Corp (IOC) has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums

Published 10 Oct, 2012 04:11am

Energy

India's 2012/13 oil output seen at 41.12mn tonnes

NEW DELHI: India's oil output in 2012/13 is expected to rise 8 percent to 41.12 million tonnes from the previous year, O

Published 09 Oct, 2012 11:01am

Energy

China lifts oil, gas resources estimates

BEIJING: China's geological oil resources were put at 88.1 billion tonnes (643 billion barrels) in 2010, up 15 percent f

Published 09 Oct, 2012 10:32am

Energy

Brent rises towards $113 on Syria-Turkey tensions

SINGAPORE: Brent crude futures rose towards $113 a barrel on Tuesday after two days of losses, with supply fears due to

Published 09 Oct, 2012 07:29am

Energy

Oil to prod growth in MENA, importers to slow: IMF

DUBAI: High oil prices will support economic expansion in the Middle East and North Africa in 2012-2013 as importers gra

Published 09 Oct, 2012 05:25am

Energy

Brent rises towards $113 on Syria Turkey tensions

SINGAPORE: Brent crude futures rose towards $113 a barrel on Tuesday after two days of losses, with supply fears due to

Published 09 Oct, 2012 04:15am

Energy

US crude rises $1/bbl as Mideast tensions spur supply worries

SINGAPORE: US crude futures rose by a dollar on Tuesday as rising tensions between Turkey and Syria spurred oil supply w

Published 09 Oct, 2012 04:01am

Energy

Petrovietnam to beat 2012 crude oil output by 2pc

HANOI: Vietnam is projected to produce 16.18 million tonnes, or 325,000 barrels per day of crude oil this year, beating

Published 08 Oct, 2012 09:24am

Energy

Oil falls over $1 on firmer dollar, economic woes

SINGAPORE: Oil prices dropped by more than a dollar on Monday, pressured by a stronger greenback and worries that a frag

Published 08 Oct, 2012 06:41am

Energy

Fuel oil prompt inter-month premium drop to near 7-month low

SINGAPORE: Fuel oil's prompt October/November timespread fell to its lowest in nearly seven months on Monday on the back

Published 08 Oct, 2012 05:47am

Energy

India's MRPL sells November volume at firm premiums

SINGAPORE: India's Mangalore Refinery and Petrochemicals Ltd sold a November naphtha cargo to PetroDiamond at $34-$35 pe

Published 08 Oct, 2012 04:30am

Energy

Iran gasoline capacity to rise in Nov: Shana

DUBAI: Gasoline production capacity at Iran's Shazand oil refinery is set to double to around 16 million litres per day

Published 07 Oct, 2012 01:45pm

Energy

South Korea KNOC to import 100,000 bbl gasoline for Oct

SINGAPORE: State-run Korea National Oil Corp (KNOC) is seeking 100,000 barrels of gasoline imports for October delivery

Published 05 Oct, 2012 08:01am

Energy

Kuwait lowers offers to $28/T

SINGAPORE: Kuwait Petroleum Corp (KPC) may be close to sealing its naphtha December 2012 to November 2013 contracts afte

Published 05 Oct, 2012 07:23am

Energy

India's BPCL buys 1mn bbls sweet crude for November

SINGAPORE: India's second largest state-run refiner, Bharat Petroleum Corp Ltd (BPCL), bought 1 million barrels of sweet

Published 05 Oct, 2012 06:47am

Energy

Naphtha's Oct EW spread drops to near 6-month low

SINGAPORE: Naphtha's prompt October East-West (EW) spread, the differential between Asian and European prices, fell to a

Published 05 Oct, 2012 05:27am

Energy

South Korean refiner lifts Iranian crude cargo

SEOUL: South Korean refiner Hyundai Oilbank has loaded a cargo of crude in Iran for delivery later this month, a company

Published 05 Oct, 2012 03:55am

Energy

US oil signals mixed

SINGAPORE: Signals look mixed for US oil as the sudden surge on Thursday has complicated the chart pattern. Apparent

Published 05 Oct, 2012 02:49am

Energy

India's Tata Power scouts for overseas coal assets

NEW DELHI: India's Tata Power is looking for more overseas coal assets, a top executive said, joining the growing number

Published 04 Oct, 2012 08:05pm

Energy

Oil India, IOC buy stake in US shale assets for $82.5mn

NEW DELHI: Indian state-run firms Oil India Ltd and Indian Oil Corp have jointly bought a 30 percent stake in Houston-ba

Published 04 Oct, 2012 09:41am

Energy

Myanmar seeks to cut gas exports to Thailand to meet own needs

YANGON: Myanmar wants to renegotiate natural gas export deals with neighbouring Thailand, a senior Energy Ministry offic

Published 04 Oct, 2012 08:43am

Energy

Brent rises towards $109 after steep fall; econ woes stay

SINGAPORE: Brent futures edged up towards $109 per barrel on Thursday as a steep drop in the previous session brought in

Published 04 Oct, 2012 06:51am

Energy

Crude rebounds in Asian trade

SINGAPORE: Crude turned higher in Asia on Thursday as traders cheered US data showing better-than-expected private secto

Published 04 Oct, 2012 06:26am

Energy

Brent hovers above $108 as economic worries deter investors

SINGAPORE: Brent futures steadied above $108 a barrel on Thursday after a sharp drop in the previous session, with inves

Published 04 Oct, 2012 05:03am

Energy

Crude down in Asian trade

SINGAPORE: Crude was down in Asian trade Thursday as worries over Spain and a slowing Chinese economy highlighted a weak

Published 04 Oct, 2012 04:24am

Energy

Iran sees NGL export plant opening by 2014

DUBAI: Iran expects to open a natural gas liquids (NGL) plant near its main oil export facility on Kharg Island before M

Published 03 Oct, 2012 09:18am

Energy

India's HMEL buys 2mn bbls of Basra Light crude for Nov

NEW DELHI/SINGAPORE: India's Hindustan Mittal Energy Ltd (HMEL) has bought 2 million barrels of Basra Light crude to loa

Published 03 Oct, 2012 08:47am

Energy

Kazakh oil pipeline company eyes $100mn 'people's IPO'

ASTANA: Kazakhstan's oil pipeline monopoly plans to raise more than $100 million through an initial public share offer (

Published 03 Oct, 2012 07:27am

Energy

Naphtha's Oct/Nov weakens on slowing economy

SINGAPORE: Asia's naphtha market erased gains on Wednesday, as petrochemical makers stayed on the sidelines over concern

Published 03 Oct, 2012 05:59am

Energy

Brent slips towards $111 as growth worries persist

SINGAPORE: Brent crude futures slipped towards $111 per barrel on Wednesday, hurt by persistent concerns over global gro

Published 03 Oct, 2012 04:54am

Energy

US oil to drop towards $88.95

SINGAPORE: US oil is expected to drop towards $88.95 per barrel as it did not break a resistance at $93.33. The resi

Published 03 Oct, 2012 04:37am

Energy

Brent slips towards $111 as growth worries persist

SINGAPORE: Brent crude futures slipped towards $111 per barrel on Wednesday, hurt by persistent concerns on global growt

Published 03 Oct, 2012 04:14am

Energy

KazMunai gas plans to raise crude output by 60pc by 2022

ASTANA: Kazakhstan's state oil and gas company, KazMunaiGas, plans to raise crude oil production by slighlty more than 6

Published 02 Oct, 2012 07:27am

Energy

Gasoil weakens on ample supply

SINGAPORE: Asia's gasoil refining margin weakened on Tuesday, hurt by increasing supply in the market. The front-mon

Published 02 Oct, 2012 05:11am

Energy

US oil to retest resistance at $93.33

SINGAPORE: US oil may retest resistance at $93.33 per barrel, with a good chance of breaking it and rising to $94.69.

Published 02 Oct, 2012 04:39am

Energy

Brent holds near $112, growth woes keep sentiment shaky

SINGAPORE: Brent crude futures steadied near $112 a barrel on Tuesday as investors weighed a weaker demand outlook amid

Published 02 Oct, 2012 04:03am

Energy

US oil to fall to $90.39

SINGAPORE: US oil would drop to $90.39 per barrel, as a rebound from the Sept. 26 low of $88.95 has completed. A dow

Published 01 Oct, 2012 04:37am

Energy

Dubai Sept crude average rises to $111.22/bbl

SINGAPORE: Dubai crude oil quoted by price-reporting agency Platts averaged $111.22 a barrel for September, up $2.63 fro

Published 01 Oct, 2012 04:02am

Energy

Brent crude slips below $112 as global worries weigh

SINGAPORE: Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hur

Published 01 Oct, 2012 03:57am

Energy

Japan Aug crude imports from Iran fall 66.8pc

TOKYO: Japan's crude oil imports from Iran in August fell 66.8 percent from a year earlier to 497,961 kilolitres (101,03

Published 28 Sep, 2012 04:59am

Energy

Japan Aug total oil sales up 2.1pc y/y

TOKYO: Japan's total oil product sales in August rose 2.1 percent from a year earlier to 16.73 million kilolitres, the M

Published 28 Sep, 2012 04:36am

Energy

Brent holds above $112 as demand worries ease, Iran supports

SINGAPORE: Brent futures held above $112 on Friday as plans for economic reform in Spain eased investor worries about Eu

Published 28 Sep, 2012 04:05am

Energy

Fuel oil weakens further; thin demand weighs

SINGAPORE: Asia's fuel oil inter-month spreads weakened across its 12-month forward curve on Thursday, as heavy supplies

Published 27 Sep, 2012 06:18am

Energy

India's BPCL restores Mumbai exports

SINGAPORE/NEW DELHI: India's Bharat Petroleum Corp Ltd (BPCL) sold a third naphtha cargo from its Mumbai refinery, bring

Published 27 Sep, 2012 05:42am

Energy

India HPCL buys 2mn bbls Qua Iboe for Nov

NEW DELHI: Indian state-run refiner Hindustan Petroleum Corp Ltd has bought 2 million barrels of Nigerian Qua Iboe via a

Published 27 Sep, 2012 04:55am

Energy

China's Sinopec shuts plants for environmental checks

BEIJING: China's Sinopec Group, the parent of Sinopec Corp, has ordered the closure of three plants, including two refin

Published 27 Sep, 2012 04:26am

Energy

Brent steady above $110 on supply woes, Euro crisis caps gains

SINGAPORE: Brent futures held steady above $110 on Thursday on renewed worries of supply disruptions from the Middle Eas

Published 27 Sep, 2012 03:43am

Energy

India's ONGC fetches higher premium of $39/T

SINGAPORE: India's state-owned Oil and Natural Gas Corp has sold a naphtha cargo to Gunvor at about $39 a tonne above Mi

Published 26 Sep, 2012 05:04am

Energy

Brent below $110 on economic woes; Iran tension limits losses

SINGAPORE: Brent crude slipped below $110 per barrel on Wednesday, weighed down by worries that a fragile global economy

Published 26 Sep, 2012 05:00am

Energy

South Korea's SK Energy lifts 2nd Iran crude cargo-source

SEOUL: South Korea's biggest oil refiner SK Energy loaded a second cargo of crude in Iran last week, a government source

Published 26 Sep, 2012 04:01am

Energy

Brent steadies below $110; demand worries, Iran in focus

SINGAPORE: Brent crude steadied below $110 a barrel on Tuesday, after losing more than 1 percent in the previous session

Published 25 Sep, 2012 06:50am

Energy

Oil prices rise on calls for more Iran sanctions

SINGAPORE: Crude prices rose in Asia Tuesday after the United States, Britain, France and Germany moved to apply more re

Published 25 Sep, 2012 05:26am

Energy

Brent rises above $110 as Iran tensions swing into focus

SINGAPORE: Brent crude climbed above $110 a barrel on Tuesday, recovering from a more than 1 percent drop in the previou

Published 25 Sep, 2012 03:55am

Energy

UAE to lift oil output capacity to near 3mn bpd by end 2012

DUBAI: UAE OPEC Governor Ali al-Yabhouni said on Monday that the country's oil production capacity was expected to rise

Published 24 Sep, 2012 07:21am

Energy

South Korea imports no Iran crude in August due to EU ban

SEOUL: South Korea imported no crude oil from Iran in August, data from the state-run Korea National Oil Corp. showed, a

Published 24 Sep, 2012 06:58am

Energy

Brent oil targets $87.46-$93.29 range in 3 months

SINGAPORE: Brent oil is expected to partially or totally reverse a rally from the June 22 low of $88.49 per barrel to th

Published 24 Sep, 2012 06:55am

Energy

Brent crude drops towards $110 on renewed growth concerns

SINGAPORE: Brent crude futures fell towards $110 in early Asian trade on Monday, dragged down by a firm dollar and worri

Published 24 Sep, 2012 05:12am

Energy

Oil falls over $1 on firmer dollar, economic worries

SINGAPORE: Oil crude futures fell more than $1 on Monday, pressured by a firmer dollar and worries that weaker economic

Published 24 Sep, 2012 05:08am

Energy

World oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday, weighed down by a fall in regional equities and on lingering concerns

Published 24 Sep, 2012 04:26am

Energy

Iran oil production to remain steady in 2012

DUBAI: Iran's crude oil production will remain steady this year compared to last year, the country's oil minister was qu

Published 22 Sep, 2012 08:43am

Energy

Singapore fuel oil stocks at 6-week high

SINGAPORE: Here is Singapore's onshore inventory of oil products held by up to 12 major oil and oil storage companies by

Published 20 Sep, 2012 08:33am

Energy

Singapore fuel oil stocks at 6-week high

SINGAPORE: Here is Singapore's onshore inventory of oil products held by up to 12 major oil and oil storage companies by

Published 20 Sep, 2012 08:33am

Energy

Brent falls under $108 on China data, Saudi pledge

SINGAPORE: Brent crude eased below $108 a barrel on Thursday after data showed China's manufacturing activity continued

Published 20 Sep, 2012 07:41am

Energy

Oil falls in Asia as China manufacturing contracts again

SINGAPORE: Oil prices fell in Asia on Thursday after data showed manufacturing activity in the world's largest energy co

Published 20 Sep, 2012 06:10am

Energy

Brent falls under $108 on China data, Saudi pledge

SINGAPORE: Brent crude eased below $108 a barrel on Thursday after data showed China's manufacturing activity continued

Published 20 Sep, 2012 05:07am

Energy

US crude drops $1 on Saudi signals, stocks

SINGAPORE: U.S crude's October contract dropped $1 to trade under $91 a barrel on Thursday, shrugging off more stable Ch

Published 20 Sep, 2012 04:32am

Energy

Saudi crude burn hits new records in June, July

DUBAI: Saudi Arabia burned record monthly volumes of oil in June and July, official government figures show, contrary to

Published 19 Sep, 2012 09:53am

Energy

India's ONGC sales premiums down on supply

SINGAPORE: India's Oil & Natural Gas Corp (ONGC) sold an October naphtha cargo from Hazira to Total at about $34 a tonne

Published 19 Sep, 2012 06:14am

Energy

Brent falls below $112 on economic woes, Saudi intervention

SINGAPORE: Brent crude fell below $112 a barrel on Wednesday on concerns over the capacity of a fragile global economy t

Published 19 Sep, 2012 05:55am

Energy

Total expects finance commitments for Ichthys in 2 months

TOKYO: French oil group Total expects to get firm commitments for financing the $34 billion Ichthys liquefied natural ga

Published 19 Sep, 2012 05:24am

Energy

Saudi Arabia acting to lower oil prices

DUBAI: Saudi Arabia is acting to lower oil prices, a senior Gulf source said on Tuesday, adding that the majority of OPE

Published 18 Sep, 2012 10:04am

Energy

Brent crude down $1 on talk of fund liquidation

SINGAPORE: London front-month Brent crude dropped more than a dollar on Tuesday to under $113 a barrel, with some trader

Published 18 Sep, 2012 06:53am

Energy

Oil prices rebound in Asia

SINGAPORE: Crude prices rebounded in Asia Tuesday as traders moved in following a plunge in New York, analysts said.

Published 18 Sep, 2012 05:21am

Energy

Oil prices rebound in Asia on bargain-hunting

SINGAPORE: Crude prices rebounded in Asia Tuesday as traders moved in following a plunge in New York, analysts said.

Published 18 Sep, 2012 04:59am

Energy

Indian Essar's sale premium fall 15-20pc

SINGAPORE: India's Essar Oil has sold an October cargo to Glencore at about $28 a tonne above Middle East quotes on a fr

Published 18 Sep, 2012 04:42am

Energy

Vietnam buys 600,000 barrels Champion for Oct-Nov

SINGAPORE: Vietnam's state oil marketer PV Oil has bought 600,000 barrels of Champion crude for delivery in October-Nove

Published 17 Sep, 2012 09:38am

Energy

Crude market to head higher in Nov on strong demand

SINGAPORE: The Middle East crude market is expected to gain when spot trading for November loading cargoes kicks off thi

Published 17 Sep, 2012 05:27am

Energy

Oil up in Asia on Fed stimulus, Middle East unrest

SINGAPORE: Oil prices rose in Asia Monday as dealers welcomed the US Federal Reserve's plan to kickstart the economy, wh

Published 17 Sep, 2012 05:15am

Energy

Brent crude up for 8th day near $117; economic risks may cap

SINGAPORE: Brent crude rose for the eighth consecutive session on Monday to just below $117 a barrel, though prices rema

Published 17 Sep, 2012 04:04am

Energy

Japan's Cosmo Oil to complete steps on asphalt leak by March

CHIBA: Japan's Cosmo Oil Co expects to complete measures to prevent a recurrence of an asphalt leak at its 220,000 barre

Published 14 Sep, 2012 07:44am

Energy

Kazakh Jan-Aug oil, gas condensate output down 1.6pc y/y

ALMATY: Kazakhstan's output of oil and gas condensate fell 1.6 percent year-on-year to 52.4 million tonnes in the first

Published 14 Sep, 2012 05:05am

Energy

Oil rises in Asia on Fed stimulus

SINGAPORE: Oil prices rallied in Asia Friday as traders welcomed a fresh, third round of bond-buying, or quantitative ea

Published 14 Sep, 2012 05:03am

Energy

US crude rises to four-month high above $99/bbl

SINGAPORE: US crude rose more than a dollar to a four-month high above $99 a barrel on Friday, on hopes for stronger glo

Published 14 Sep, 2012 04:27am

Energy

Petronas cuts Sept Tapis alpha to $3.05/bbl

SINGAPORE: Malaysian state oil firm Petronas has reduced the Tapis crude price alpha factor for September liftings to $3

Published 13 Sep, 2012 08:28am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday on tensions sparked by the killing of the US ambassador to Libya and

Published 13 Sep, 2012 07:09am

Energy

Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday as tensions sparked by the killing of the US ambassador to Libya and

Published 13 Sep, 2012 04:27am

Energy

Brent crude steadies near $116 ahead of Fed decision

SINGAPORE: Brent crude steadied near $116 a barrel on Thursday, after rising for five straight sessions, as traders awai

Published 13 Sep, 2012 03:48am

Energy

Oil gains on euro zone bailout, Fed hopes

LONDON: Brent crude oil rose more than $1 per barrel to a one-month high on Wednesday, lifted by a German court decision

Published 12 Sep, 2012 10:44am

Energy

Brent hovers above $115 ahead of German ruling, Fed

TOKYO: Brent crude edged up for a fifth straight session on Wednesday, staying above $115 a barrel as investors remained

Published 12 Sep, 2012 06:47am

Energy

Oil down in Asia ahead of Fed meeting

SINGAPORE: Oil inched down in Asia Wednesday as traders looked to a Federal Reserve policy meeting starting later in the

Published 12 Sep, 2012 04:30am

Energy

Iran says oil prices too low, may rise more

DUBAI: Crude oil prices are still low and could rise further, Iranian Oil Minister Rostam Qasemi said on Monday, the sam

Published 11 Sep, 2012 08:04am

Energy

Brent eases but stays above $114 ahead of Fed meeting

TOKYO: Brent crude futures fell for the first time in four sessions on Tuesday as investors took profits, though they re

Published 11 Sep, 2012 06:49am

Energy

China hikes fuel prices for second month

SHANGHAI: China on Tuesday hiked government-set fuel prices for the second month in a row with shares in listed oil gian

Published 11 Sep, 2012 05:52am

Energy

Oil lower in Asian trade ahead of Fed meeting

SINGAPORE: Oil prices slipped in Asian trade Tuesday as sentiment took a hit after an unexpected decline in US consumer

Published 11 Sep, 2012 04:18am

Energy

China to raise fuel prices 6-6.5pc

BEIJING: China is raising the retail price of gasoline and diesel by 6 percent and 6.5 percent respectively from Tuesday

Published 10 Sep, 2012 01:48pm

Energy

China's August crude imports fall to 22-month low

BEIJING: China's crude oil imports in August fell 12.5 percent from a year earlier to the lowest daily rate since Octobe

Published 10 Sep, 2012 08:16am

Energy

Brent climbs above $114 despite soft China demand

TOKYO: Brent crude futures steadied above $114 per barrel on Monday after China's oil data came in weaker than expected,

Published 10 Sep, 2012 07:10am

Energy

Crude mixed in Asia

SINGAPORE: Crude was mixed in Asia Monday as traders balanced US stimulus hopes with disappointing Chinese industrial ou

Published 10 Sep, 2012 04:15am

Energy

Saipem CEO sees orderbook stagnant in 2012, growing in 2013

SINGAPORE: Saipem, Europe's biggest oil services company, expects orders for the industry to begin growing in 2013 after

Published 09 Sep, 2012 11:33am

Energy

Steady as traders await more OSPs

SINGAPORE: The Middle East crude market held steady on Friday as traders awaited more official selling prices (OSP) from

Published 07 Sep, 2012 11:42am

Energy

Crude down in Asia over demand concerns

SINGAPORE: Oil prices sank in Asia on Friday, with demand concerns in the spotlight despite the European Central Bank's

Published 07 Sep, 2012 07:43am

Energy

Oil higher ahead of ECB meeting

SINGAPORE: Oil prices rose in Asian trade Thursday with investors hopeful that a European Central Bank meeting will yiel

Published 06 Sep, 2012 05:08am

Energy

Brent holds near $114 on caution ahead of ECB meeting

SINGAPORE: Brent crude hovered in a tight range near $114 a barrel on Wednesday on caution ahead of a keenly awaited Eur

Published 05 Sep, 2012 05:19am

Energy

Global demand concerns weigh on crude in Asia

SINGAPORE: Oil prices in Asia on Wednesday were hampered by crude demand concerns as a result of weakening manufacturing

Published 05 Sep, 2012 04:08am

Energy

Brent climbs above $116, central bank meetings spur stimulus hopes

SINGAPORE: Brent futures rose for a fourth day in Asia on Tuesday, reaching more than $116 per barrel on persistent hope

Published 04 Sep, 2012 05:20am

Energy

Oil up in Asia on China, Europe stimulus hopes

SINGAPORE: Crude rose in Asia on Tuesday as weak manufacturing numbers from Europe and China boosted hopes of fresh cent

Published 04 Sep, 2012 04:05am

Energy

Saudi may raise light crude OSPs for October

SINGAPORE: The Middle Eastern crude market was little changed on Monday as traders awaited the announcement of official

Published 03 Sep, 2012 12:26pm

Energy

Thai PTTEP chooses Total, JX Nippon units for Myanmar M11

BANGKOK: Thailand's top oil and gas explorer, PTT Exploration and Production Pcl (PTTEP) (PTTEP), said on Monday it had

Published 03 Sep, 2012 08:35am

Energy

Oil down in Asia after Bernanke speech

SINGAPORE: Crude oil prices fell in Asia Monday, with traders disappointed after US Federal Reserve chief Ben Bernanke f

Published 03 Sep, 2012 05:03am

Energy

Brent edges lower after China data, steadies above $114

SINGAPORE: Brent crude edged lower on Monday after Chinese data pointed to a further slowdown in the economy of world's

Published 03 Sep, 2012 04:58am

Energy

Oil down in Asia

SINGAPORE: Crude prices fell in Asia Monday with traders disappointed after US Federal Reserve chief Ben Bernanke did no

Published 03 Sep, 2012 04:16am

Energy

Aug oil hits post-Soviet high 10.38mn bpd: Russia

MOSCOW: Russia extracted oil at a record pace of 10.38 million barrels per day in August, a level unseen since the colla

Published 02 Sep, 2012 09:35am

Energy

Oil mixed in Asia ahead of Bernanke speech

SINGAPORE: Oil turned mixed in cautious Asian trade Friday as traders stayed on the sidelines ahead of a speech by US Fe

Published 31 Aug, 2012 08:11am

Energy

Oil mixed as US facilities avoid hurricane's fury

SINGAPORE: Crude oil prices were mixed in Asian trade Thursday as supply concerns eased after Hurricane Isaac left produ

Published 30 Aug, 2012 12:14pm

Energy

Thai firm pleads guilty over Australian oil spill

SYDNEY: A Thai state-owned firm on Thursday admitted four charges over a huge oil spill off northwestern Australia, the

Published 30 Aug, 2012 09:48am

Energy

Crude down in Asia on G7 calls for output hike

SINGAPORE: Crude sank in Asia Wednesday as a call by the Group of Seven nations for oil producers to increase output ove

Published 29 Aug, 2012 06:57am

Energy

Brent drops toward $112, Isaac may spare energy assets

SINGAPORE: Brent crude futures slipped towards $112 per barrel on Wednesday on expectations Hurricane Isaac, which hit l

Published 29 Aug, 2012 06:01am

Energy

Crude down in Asia on G7 calls for output hike

SINGAPORE: Crude sank in Asia Wednesday as a call by the Group of Seven nations for oil producers to increase output ove

Published 29 Aug, 2012 04:40am

Energy

Higher prices not sufficient for reserves release: IEA

STAVANGER: The global crude oil market is sufficiently supplied as output has adjusted to the loss of Iranian trade, and

Published 28 Aug, 2012 10:18am

Energy

CNOOC tenders another 26 offshore blocks

BEIJING: CNOOC, China's top offshore oil producer, is inviting foreign companies to explore for oil and gas in another 2

Published 28 Aug, 2012 07:55am

Energy

Brent steady above $112 as Isaac stokes supply worries

SINGAPORE: Brent oil futures were steady above $112 a barrel on Tuesday, supported by supply concerns after US companies

Published 28 Aug, 2012 06:09am

Energy

Oil dips in Asia as Isaac approaches US refinery hub

SINGAPORE: Oil fell in Asia Tuesday as crude demand suffered from refinery shutdowns in the US Gulf Coast due to the ons

Published 28 Aug, 2012 05:06am

Energy

Oil rises more than $1, tropical storm threatens supply

SINGAPORE: Oil futures rose more than a dollar on Monday, with Brent climbing above $115 per barrel, on supply worries a

Published 27 Aug, 2012 07:16am

Energy

Oil soars in Asia on Gulf of Mexico supply disruption

SINGAPORE: Crude prices surged in Asia Monday as supply of oil and gas from the Gulf of Mexico was curtailed after Tropi

Published 27 Aug, 2012 05:20am

Energy

Sinopec sees rising demand in second half

HONG KONG: Refiner and oil and gas producer Sinopec Corp said it saw growing demand for its products in the second half

Published 26 Aug, 2012 01:04pm

Energy

Oil down in Asia as US stimulus hopes fade

SINGAPORE: Crude fell in Asia Friday as hopes for a US stimulus faded and eurozone worries resurfaced after German oppos

Published 24 Aug, 2012 06:13am

Energy

US crude hits 3-1/2 month high on Fed stimulus hopes

SINGAPORE: US crude rose more than $1 to a 3-1/2 month high on Thursday after minutes of the latest US Federal Reserve m

Published 23 Aug, 2012 07:52am

Energy

Brent nears $116 on Fed hopes, shrugs off China data

SINGAPORE: Brent crude rose more than a dollar on Thursday, approaching $116 per barrel on renewed hopes for another rou

Published 23 Aug, 2012 05:46am

Energy

Oil rises in Asia on Fed stimulus hopes

SINGAPORE: Crude advanced in Asia on Thursday as hopes rose that the US Federal Reserve would kickstart the economy of t

Published 23 Aug, 2012 04:53am

Energy

Brent hovers near $115 on euro zone hopes, Mideast support

SINGAPORE: Brent crude steadied near $115 a barrel on Wednesday, supported by hopes that European policymakers will act

Published 22 Aug, 2012 05:54am

Energy

Oil up in Asia on renewed Europe optimism

SINGAPORE: Crude oil prices rose in Asia Wednesday on growing hopes of imminent European Central Bank intervention to am

Published 22 Aug, 2012 04:32am

Energy

Oil falls on profit-taking in Asian trade

SINGAPORE: World oil prices tumbled in Asian trade on Friday as traders cashed in gains from a recent rally, analysts sa

Published 17 Aug, 2012 05:56am

Energy

Oil turns lower in Asian trade

SINGAPORE: Oil prices turned lower in Asia on Thursday, as traders cashed in on gains following an overnight rally drive

Published 16 Aug, 2012 07:46am

Energy

Brent crude stays above $116 on supply woes, stock drawdown

SINGAPORE: Brent crude held steady on Thursday, staying near a three-month high above $116 on concerns about disruptions

Published 16 Aug, 2012 05:47am

Energy

Oil extends gains in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday, extending a rally driven by strong energy demand in the United State

Published 16 Aug, 2012 05:26am

Energy

Brent slips below $114 as concern over potential Iran conflict eases

SINGAPORE: Brent crude futures slipped below $114 on Wednesday after settling at a three-month high as supply disruption

Published 15 Aug, 2012 05:48am

Energy

Oil prices lower in Asian trade

SINGAPORE: World oil prices eased in Asian trade Wednesday as data showing weaker US energy demand prompted traders to s

Published 15 Aug, 2012 04:46am

Energy

Oil up with positive Euro data, supply worries

LONDON: Oil prices edged up on Monday to trade close to $114 a barrel as mixed European economic data proved to be less

Published 14 Aug, 2012 10:22am

Energy

Brent steady above $113 ahead of key Europe, US data

SINGAPORE: Brent futures held steady above $113 on Tuesday as investors awaited GDP data out of two of Europe's powerhou

Published 14 Aug, 2012 06:09am

Energy

Oil up in Asia as Iran concerns grow

SINGAPORE: Oil prices were higher in Asian trade Tuesday buoyed by an expected crude supply cut in the North Sea and int

Published 14 Aug, 2012 04:35am

Energy

Brent hits 3-month top above $114 on supply worries

SINGAPORE: Brent crude rose above $114 per barrel to a more than three-month high on Monday on renewed fears of supply d

Published 13 Aug, 2012 06:14am

Energy

Oil higher in Asian trade on hopes of stimulus

SINGAPORE: World oil prices were higher in Asian trade Monday on expectations of stimulus measures to boost economic gro

Published 13 Aug, 2012 05:12am

Energy

Oil down in Asia after weak China trade data

SINGAPORE: Crude was lower in Asia on Friday as weak Chinese trade data provided a further indication that economic grow

Published 10 Aug, 2012 06:41am

Energy

India's IOC to lift oil cargo from Iran in Sept

NEW DELHI: Indian Oil Corp, the country's biggest oil refiner, plans to lift an oil cargo from Iran in September, its he

Published 09 Aug, 2012 12:10pm

Energy

Brent stays above $112 ahead of China data

SINGAPORE: Brent crude stayed above $112 a barrel on Thursday on hopes of more stimulus from China to support economic g

Published 09 Aug, 2012 05:36am

Energy

Easing China inflation boosts crude prices in Asia

SINGAPORE: Crude prices headed up in Asia Thursday as traders cheered official Chinese data showing inflation slipping t

Published 09 Aug, 2012 04:53am

Energy

South Korea firms in talks to resume Iran oil imports

SEOUL: South Korean oil refiners are in talks with Iran to resume oil imports, officials said Thursday, potentially by u

Published 09 Aug, 2012 04:53am

Energy

Crude down in Asia

SINGAPORE: Oil was lower in Asia on Wednesday with traders taking profit after prices capped three consecutive days of r

Published 08 Aug, 2012 07:33am

Energy

Brent slips, but stays above $111 on supply woes; stimulus eyed

SINGAPORE: Brent crude dipped on Wednesday, coming off a 12-week top hit in the previous session, although worries about

Published 08 Aug, 2012 05:03am

Energy

Crude down in Asia

SINGAPORE: Oil was lower in Asia Wednesday with traders taking profit after prices capped three consecutive days of rall

Published 08 Aug, 2012 04:35am

Energy

Oil prices extend gains; Brent above $110

LONDON: Oil prices rose further Tuesday after recent sharp gains on concerns over potential tight supplies despite a wea

Published 07 Aug, 2012 12:28pm

Energy

Thai Oil in the red in Q2 due to inventory loss

BANGKOK: Thai Oil Pcl, Thailand's top oil refiner, reported a net loss for the second quarter on Tuesday, due mainly to

Published 07 Aug, 2012 11:52am

Energy

Brent steady above $109 on stimulus hopes, Mideast tension

SINGAPORE: Brent crude steadied above $109 a barrel on Tuesday on hopes Europe would take further action to tackle its i

Published 07 Aug, 2012 05:18am

Energy

Oil lower in Asia on profit-taking

SINGAPORE: Oil prices slipped in Asia on Tuesday as traders took profit from an rally in New York that saw West Texas In

Published 07 Aug, 2012 04:36am

Energy

China welcomes Sudan, South Sudan oil deal

BEIJING: China on Monday welcomed an oil deal between Sudan and South Sudan and urged both nations to find the "politica

Published 06 Aug, 2012 11:16am

Energy

Oil down in Asia ahead of China trade data

SINGAPORE: Oil prices were down in Asia Monday with traders taking profits from a rally last week as they awaited the re

Published 06 Aug, 2012 05:58am

Energy

Brent slips toward $108 after recent gains; data, stimulus eyed

SINGAPORE: Brent crude dropped toward $108 a barrel on Monday as a recent surge in prices gave some investors a chance t

Published 06 Aug, 2012 05:01am

Energy

Oil lower in Asia

SINGAPORE: Oil prices were down in Asia Monday with traders taking profits from a rally last week as they awaited the re

Published 06 Aug, 2012 04:46am

Energy

Brent steady near $106, ECB eyed after Fed disappointment

SINGAPORE: Brent crude steadied near $106 a barrel on Thursday as investors looked to Europe for policy easing measures

Published 02 Aug, 2012 04:53am

Energy

Oil lower in Asian trade

SINGAPORE: Oil prices were lower in Asian trade Thursday after the US central bank failed to announce any new economic s

Published 02 Aug, 2012 04:34am

Energy

Brent slips toward $104 after China data; Fed eyed

SINGAPORE: Brent crude slipped toward $104 per barrel on Wednesday after softer official manufacturing data from top ene

Published 01 Aug, 2012 05:19am

Energy

Crude down in Asia as hopes for Fed, ECB stimulus fade

SINGAPORE: Crude markets fell in Asia Wednesday as fading hopes for additional stimulus measures from the US Federal Res

Published 01 Aug, 2012 04:28am

Energy

Brent slips towards $106 on caution ahead of US Fed, ECB meet

SINGAPORE: Brent crude slipped towards $106 per barrel on Tuesday as caution among investors grew that any fresh stimulu

Published 31 Jul, 2012 05:10am

Energy

Crude mixed in Asia ahead of Fed, ECB meetings

SINGAPORE: Crude was mixed in Asia Tuesday as wary traders looked to meetings this week by the Federal Reserve and Europ

Published 31 Jul, 2012 04:28am

Energy

India's GAIL to commission Dabhol LNG terminal by November

NEW DELHI: State-run gas utility GAIL India Ltd will commission its LNG terminal in Dabhol, on the Indian west coast, in

Published 30 Jul, 2012 12:07pm

Energy

Brent rises toward $107, stimulus measures eyed

SINGAPORE: Brent crude rose toward $107 per barrel on Monday, stretching gains into a fifth consecutive day on hopes the

Published 30 Jul, 2012 05:14am

Energy

Oil mixed in Asia ahead of Europe, US policy moves

SINGAPORE: Oil prices were mixed in Asian trade Monday as investors await further measures by policymakers to boost the

Published 30 Jul, 2012 04:38am

Energy

China pulls out of South Pars project: report

DUBAI: China's national petroleum company has pulled out of developing Phase 11 of Iran's offshore South Pars gas field,

Published 29 Jul, 2012 09:52am

Energy

Sanctions-hit Iran expands oil tanker insurance

TEHRAN: Iran is expanding its insurance on its fleet of 47 oil tankers through a multi-billion-dollar line of credit as

Published 28 Jul, 2012 08:36am

Energy

India coal buyers see defaults as prices slip -traders

LONDON/NEW DELHI: Indian coal markets are seeing scattered defaults among end-user and trade buyers in part because of a

Published 27 Jul, 2012 09:08pm

Energy

Oil up in Asia on Draghi pledges

SINGAPORE: A pledge by European Central Bank president Mario Draghi to "do whatever it takes to preserve the euro" suppo

Published 27 Jul, 2012 05:10am

Energy

Oil prices down in Asia

SINGAPORE: Oil prices were lower in Asia Thursday as eurozone fears and a sharp spike in US crude inventories weighed on

Published 26 Jul, 2012 07:33am

Energy

Brent slips below $104 on global economic concerns

SINGAPORE: Brent slipped below $104 per barrel on Thursday as investors remained worried about fuel demand after a serie

Published 26 Jul, 2012 05:53am

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Thursday as eurozone fears and a sharp spike in US crude inventories weighed on

Published 26 Jul, 2012 04:52am

Energy

Brent steady at $103 on worries about euro zone, US economies

SINGAPORE: Brent remained steady at $103 a barrel on Wednesday as worries about oil demand from the troubled euro zone a

Published 25 Jul, 2012 06:53am

Energy

Hong Kong billionaire to buy UK gas company

HONG KONG: A consortium led by Asia's richest man Li Ka-shing agreed Wednesday to acquire a British gas distribution com

Published 25 Jul, 2012 04:58am

Energy

Oil down in Asia as eurozone woes keep up

SINGAPORE: Oil prices fell in Asian trade Wednesday as persistent worries over the eurozone's debt crisis hit sentiment,

Published 25 Jul, 2012 04:52am

Energy

Brent steady above $103 on signs of improving Chinese economy

SINGAPORE: Brent crude remained steady above $103 per barrel on Tuesday as China, the world's top energy consumer, showe

Published 24 Jul, 2012 04:56am

Energy

Oil down in Asian trade on eurozone gloom

SINGAPORE: Oil fell in Asian trade Tuesday with investor sentiment still under pressure on concerns over the eurozone's

Published 24 Jul, 2012 04:38am

Energy

China Sinopec to buy stake in Talisman UK unit for $1.5bn

BEIJING: China's top refiner Sinopec Corp said on Monday it has agreed to buy a 49 percent stake in the UK unit of Canad

Published 23 Jul, 2012 12:22pm

Energy

China's CNOOC to buy Canada's Nexen for $15.1bn

HONG KONG: China's top offshore oil producer CNOOC Ltd has entered into an agreement to buy Canada's Nexen Inc for about

Published 23 Jul, 2012 11:03am

Energy

Essar Oil ties up funds to repay tax dues

MUMBAI: Indian refiner Essar Oil has tied up a loan facility for 50 billion rupees ($900 million) with local lender Stat

Published 23 Jul, 2012 08:07am

Energy

Brent dips to $104 on fresh fears over euro zone

SINGAPORE: Brent crude slipped to $104 per barrel on Monday as fears about the global economy returned to the forefront

Published 23 Jul, 2012 07:33am

Energy

Brent slips to $105 on renewed fears over euro zone debt crisis

SINGAPORE: Brent crude slipped to $105 per barrel on Monday as economic concerns returned to the forefront on fresh fear

Published 23 Jul, 2012 05:09am

Energy

Oil sinks on eurozone debt worries

SINGAPORE: Oil fell in Asian trade Monday as concerns over the eurozone's debt woes pressure financial markets, includin

Published 23 Jul, 2012 04:36am

Energy

Sinopec H1 operational results reflect oil, petchem slowdowns

BEIJING: China Petroleum and Chemical Corp, or Sinopec Corp, said its crude throughput in the first half of 2012 rose 1.

Published 22 Jul, 2012 11:10am

Energy

Crude down in Asia

SINGAPORE: Crude prices fell in Asia on Friday as traders took profits after a week of gains sparked by tensions in the

Published 20 Jul, 2012 06:16am

Energy

India to levy duties on imported power gear

NEW DELHI: India's cabinet on Thursday approved a proposal to impose 21 percent in duties on power equipment imported fo

Published 19 Jul, 2012 09:53pm

Energy

Oil rises in Asia after Wall St gains

SINGAPORE: Oil headed up in Asian trade Thursday, tracking gains on Wall Street as well as Asian bourses and buoyed by a

Published 19 Jul, 2012 07:30am

Energy

Brent steady above $105, rises to 7-week high on MidEast tension

SINGAPORE: Brent crude held steady above $105 on Thursday, near a seven-week high on geopolitical fears, while comments

Published 19 Jul, 2012 05:14am

Energy

Oil up in Asia

SINGAPORE: Oil headed up in Asian trade Thursday, tracking gains on Wall Street as well as Asian bourses and buoyed by a

Published 19 Jul, 2012 04:42am

Energy

Brent slips below $104 as Bernanke offers no signal on stimulus

SINGAPORE: Brent crude slipped below $104 a barrel on Wednesday, snapping five days of gains as Federal Reserve Chairman

Published 18 Jul, 2012 05:07am

Energy

Oil down in Asia on downbeat Bernanke testimony

SINGAPORE: A lack of detail on US actions to counter a gloomy economic outlook in a Congressional testimony by Federal R

Published 18 Jul, 2012 04:25am

Energy

Brent crude edges up, above $103 on stimulus hopes

SINGAPORE: Brent crude rose on Tuesday, staying above $103 per barrel on hopes of more policy steps by central banks to

Published 17 Jul, 2012 05:29am

Energy

Oil up in Asia on China stimulus hopes, Gulf incident

SINGAPORE: Oil rose in Asia on Tuesday on hopes for a Chinese stimulus package and simmering geopolitical tensions follo

Published 17 Jul, 2012 04:22am

Energy

Brent stays above $102, China stimulus hope aids demand outlook

SINGAPORE: Brent crude held steady above $102 per barrel on Monday on optimism over the outlook for demand growth as Chi

Published 16 Jul, 2012 05:16am

Energy

Crude lower in Asia

SINGAPORE: Oil prices sank in Asian trade Monday after Saudi Arabia and the United Arab Emirates opened crude pipelines

Published 16 Jul, 2012 04:48am

Energy

Yemen tribesmen prevent oil pipeline repairs

SANAA: Yemen will be unable to resume oil exports as hoped this week because tribesmen have prevented repairs to the cou

Published 15 Jul, 2012 09:04am

Energy

Bangladesh finds new gas

DHAKA: State-run Bangladesh Petroleum Exploration and Production Company Ltd(BAPEX) has found new deposits of natural ga

Published 14 Jul, 2012 11:52am

Energy

PetroChina Fushun refinery to add ethylene unit in Oct

BEIJING: PetroChina Co Ltd will bring a new 800,000-tonne-per-year (tpy) ethylene unit on stream at its Fushun refinery

Published 13 Jul, 2012 09:56am

Energy

Oil down in Asia

SINGAPORE: Oil was lower in Asia on Friday as economic growth in China, the world's largest energy consumer, slowed to i

Published 13 Jul, 2012 06:01am

Energy

Brent crude steady above $100 as Fed holds off stimulus

SINGAPORE: Brent crude stayed above $100 per barrel on Thursday, after a more than 2 percent rally in the prior session,

Published 12 Jul, 2012 06:13am

Energy

Crude mixed in Asia

SINGAPORE: Crude was mixed in Asia Thursday as the US Federal Reserve's minutes from last month's key policy meeting sho

Published 12 Jul, 2012 05:13am

Energy

Taiwan May crude imports fall; no Iran inflows

SINGAPORE: Taiwan's crude imports fell 2.9 percent in May from a month ago and did not include any imports from Iran for

Published 11 Jul, 2012 07:44am

Energy

Brent rises above $98, shrinking US stockpiles eyed

SINGAPORE: Brent rose above $98 a barrel on Wednesday, recovering slightly from the previous session's losses, ahead of

Published 11 Jul, 2012 05:14am

Energy

Crude up in Asia

SINGAPORE: Crude rose in Asia Wednesday as bargain-hunting traders returned to the market following an overnight price s

Published 11 Jul, 2012 04:23am

Energy

US crude falls more than $1 on weak China data, Norway strike halt

SINGAPORE: US crude futures fell more than $1 on Tuesday as weak Chinese import data stoked fears of a global fuel deman

Published 10 Jul, 2012 05:11am

Energy

Brent below $100 as Norway strike ends

SINGAPORE: Brent crude fell below $100 in Asia Tuesday, hours after a Norwegian crude supply disruption due to an oil wo

Published 10 Jul, 2012 04:49am

Energy

Brent rises toward $99 on Norway supply cut, China data

SINGAPORE: Brent crude climbed toward $99 a barrel on Monday as failed labour talks in Norway stoked worries of a total

Published 09 Jul, 2012 06:01am

Energy

Crude up in Asia on bargain-hunting

SINGAPORE: Crude markets inched up in Asian trade Monday as traders bought up cheap crude following a price plunge late

Published 09 Jul, 2012 05:34am

Energy

China Yitai Coal prices HK offer, to raise about $900mn: IFR

HONG KONG: Chinese coal miner Inner Mongolia Yitai Coal Co Ltd has priced its Hong Kong share offer at the bottom of an

Published 05 Jul, 2012 11:36pm

Energy

Sanctions cut Iran's July oil exports to near 1mn bpd

SINGAPORE/TOKYO: Iran's daily oil exports in July could fall below half the average shipped in 2011 before tough new Wes

Published 05 Jul, 2012 11:42am

Energy

Crude prices mixed ahead of expected ECB rate cut

SINGAPORE: Crude prices were mixed in Asian trade Thursday amid caution ahead of a possible rate cut by the European Cen

Published 05 Jul, 2012 05:43am

Energy

Brent steady at just below $100, supported by stimulus hopes

SINGAPORE: Brent futures were steady below $100 a barrel in Asian trade on Thursday as fresh evidence of weakness in Eur

Published 05 Jul, 2012 05:21am

Energy

Oil prices down in Asia

SINGAPORE: Crude prices slipped in Asia Wednesday with traders taking profit from an unexpected overnight rally sparked

Published 04 Jul, 2012 06:30am

Energy

Brent climbs to hover near $98 on Iran

SINGAPORE: Brent crude rose on Tuesday to hover near $98 per barrel, as worries supply would be hit if Iran shuts a key

Published 03 Jul, 2012 07:42am

Energy

Oil recovers in Asia

SINGAPORE: Crude prices rebounded in Asian trade Tuesday on bargain hunting, erasing earlier declines triggered by weak

Published 03 Jul, 2012 06:41am

Energy

Oil down in Asia on weak manufacturing data

SINGAPORE: Crude prices slipped in Asian trade Tuesday as slumping manufacturing output in the world's major economies w

Published 03 Jul, 2012 04:44am

Energy

Vietnam to raise petrol import duty to 12pc

HANOI: Vietnam will increase the import duty on petrol, kerosene and fuel oil by 2 percentage points to 12 percent, a st

Published 02 Jul, 2012 12:40pm

Energy

India Reliance Power takes tariff fight to arbitration

NEW DELHI: India's Reliance Power ltd said it has filed for arbitration against 11 state distribution companies to resol

Published 02 Jul, 2012 09:23am

Energy

Iranian gas flow to Turkey

ANKARA: Turkish Energy Minister Taner Yildiz said on Monday flow from a natural gas pipeline to Turkey from Iran may res

Published 02 Jul, 2012 09:05am

Energy

Oil, metals kick off Q3 in red; corn rallies

SINGAPORE: Oil fell by more than a dollar and metals dropped on Monday as most commodities began the third quarter in th

Published 02 Jul, 2012 06:20am

Energy

Brent dips towards $96 after weak China data

SINGAPORE: Brent crude dropped towards $96 a barrel on Monday as weak factory data from top energy consumer China spurre

Published 02 Jul, 2012 05:17am

Energy

Brent dips towards $96 after weak China data

SINGAPORE: Brent crude dropped towards $96 a barrel on Monday as weak factory data from top energy consumer China spurre

Published 02 Jul, 2012 05:17am

Energy

US oil to range from $83.68 to $85.70

SINGAPORE: US oil is expected to range from $83.68 to $85.70 per barrel, as the linear rebound from the June 28 low of $

Published 02 Jul, 2012 01:15am

Energy

Cairn Energy sells 3.5pc stake in India unit

NEW DELHI: British explorer Cairn Energy has sold a further 3.5 percent stake in its former subsidiary Cairn India in a

Published 29 Jun, 2012 11:19pm

Energy

Petronas buys Canadian gas producer for $5.3bn

KUALA LUMPUR: Malaysian state energy firm Petronas has agreed to buy Canada's Progress Energy Resources for $5.3 billion

Published 29 Jun, 2012 11:20am

Energy

Oil soars in Asia after EU deal

SINGAPORE: Oil prices surged in Asia Friday with traders lauding a $150-billion growth pact pushed through by the Europe

Published 29 Jun, 2012 06:47am

Energy

Brent stays above $93 as investors eye EU summit outcome

SINGAPORE: Brent crude stayed above $93 a barrel on Thursday after rallying on an output cut by Norway and upbeat US eco

Published 28 Jun, 2012 07:29am

Energy

Oil higher in Asia on US data

SINGAPORE: Oil prices rose in Asian trade Thursday, drawing support from largely positive US data and a strike by oil wo

Published 28 Jun, 2012 05:45am

Energy

Oil falls on Europe anxiety, strike supports

LONDON: Brent crude oil fell on Wednesday on mounting concerns that European leaders would fail to solve the region's in

Published 27 Jun, 2012 09:25am

Energy

Brent slips below $93, EU doubts counter N.Sea supply cut

SINGAPORE: Brent crude fell below $93 per barrel on Wednesday as heightened concerns that European leaders would fail to

Published 27 Jun, 2012 05:19am

Energy

Oil prices mixed in Asia ahead of EU summit

SINGAPORE: Crude prices were mixed in Asian trade Wednesday as investors grappled with the escalating debt crisis in the

Published 27 Jun, 2012 04:33am

Energy

Brent holds steady above $91 ahead of EU meet

SINGAPORE: Brent crude held steady above $91 per barrel on Tuesday as short-covering and forecasts of a drop in US crude

Published 26 Jun, 2012 05:21am

Energy

South Korea reports sharp fall in Iran oil imports

SEOUL: South Korea's May imports of Iranian crude oil fell 39.5 percent from a year earlier to 3.96 million barrels as i

Published 25 Jun, 2012 06:08am

Energy

Japan, Russia agree to support huge gas project

TOKYO: Japan and Russia have agreed to throw their support behind a private-sector project to build a liquefied natural

Published 25 Jun, 2012 05:43am

Energy

Brent rises above $91 on US storm, EU growth plan

SINGAPORE: oil rose above $91 per barrel on Monday as a storm threat shut a quarter of US offshore crude and gas output,

Published 25 Jun, 2012 05:18am

Energy

Oil up in Asia on short-covering

SINGAPORE: Oil prices inched up in Asian trade Friday as wary traders bought up cheap crude to recoup some of their loss

Published 22 Jun, 2012 04:39am

Energy

Oil up in Asia on short-covering

SINGAPORE: Oil prices inched up in Asian trade Friday as wary traders bought up cheap crude to recoup some of their loss

Published 22 Jun, 2012 04:39am

Energy

China May crude imports from Iran down 2.3 percent y/y

BEIJING: China's imports of crude oil from Iran in May fell 2.3 percent from a year earlier to 521,936 barrels per day (

Published 21 Jun, 2012 07:37am

Energy

Brent hits 18-month low on Fed action, China data eyed

SINGAPORE: Brent crude fell to its lowest in 18 months on Thursday at around $92 a barrel after the US Federal Reserve's

Published 21 Jun, 2012 05:12am

Energy

Brent hits 18-month low on Fed action, China data eyed

SINGAPORE: Brent crude fell to its lowest in 18 months on Thursday at around $92 a barrel after the US Federal Reserve's

Published 21 Jun, 2012 05:12am

Energy

Brent hovers below $96, not far off 17-month low; Fed eyed

SINGAPORE: Brent crude was steady under $96 a barrel on Wednesday, but prices stayed close to 17-month lows hit the prev

Published 20 Jun, 2012 05:21am

Energy

China fuel prices hit trigger point for another cut

BEIJING: China, the world's No. 2 oil consumer, may consider cutting the prices of gasoline and diesel for a third time

Published 20 Jun, 2012 04:45am

Energy

Oil mixed in Asia on eurozone worries

SINGAPORE: Oil was mixed in Asia on Tuesday after eurozone worries shifted to Spain's surging borrowing costs, analysts

Published 19 Jun, 2012 05:04am

Energy

Brent hovers around $96, near 16-month low as Europe weighs

SINGAPORE: Brent crude steadied around $96 a barrel on Tuesday, staying close to 16-month lows hit in the prior session,

Published 19 Jun, 2012 04:30am

Energy

Tokyo to test-drill for oilfield in Sea of Japan

TOKYO: Japan plans to test-drill in the Sea of Japan (East Sea) next year where a potentially "large-scale" oilfield has

Published 18 Jun, 2012 10:54am

Energy

Brent off day's high above $99 as Greek relief ebbs

SINGAPORE: Brent oil hit a one-week high above $99 a barrel on Monday after a victory for Greece's pro-bailout political

Published 18 Jun, 2012 07:39am

Energy

Oil leads rise on Greek relief; rally seen short

SINGAPORE: Commodities rose on Monday on relief after pro-bailout parties triumphed in Greece's election, averting anoth

Published 18 Jun, 2012 04:56am

Energy

Saudi will ensure no oil shortages

VIENNA: Saudi Arabia is committed to stability of oil supply and avoiding shortages, Oil Minister Ali al-Naimi said on F

Published 15 Jun, 2012 10:56am

Energy

Oil rises as OPEC leaves output target unchanged

SINGAPORE: Oil rose in Asian trade Friday after OPEC kept to its crude output quotas and vowed to eliminate overproducti

Published 15 Jun, 2012 04:35am

Energy

Sinopec cuts June refinery runs to trim stocks

BEIJING: Sinopec Corp , Asia's largest refiner, will reduce its crude throughput by more than one million tonnes, or 243

Published 14 Jun, 2012 12:46pm

Energy

Murban slips, fuel oil cracks eyed

SINGAPORE: Differentials for benchmark Murban crude from Abu Dhabi slipped further on Thursday as an overhang of supply

Published 14 Jun, 2012 12:30pm

Energy

India seeks extra oil from Saudi Arabia

NEW DELHI: India has sought and additional 100,000 barrels per day (bpd) of oil from its biggest supplier, Saudi Arabia,

Published 14 Jun, 2012 12:10pm

Energy

Brent steady above $97 ahead of OPEC meet, Greek polls

SINGAPORE: Brent crude held above $97 on Thursday, trading in a narrow range with investors reluctant to take positions

Published 14 Jun, 2012 06:50am

Energy

Oil higher ahead of crucial OPEC meeting

SINGAPORE: Oil edged higher in Asian trade Thursday amid speculation that OPEC will not significantly alter its output l

Published 14 Jun, 2012 06:48am

Energy

Brent steady above $97 ahead of OPEC meet, Greece elections

SINGAPORE: Brent crude held above $97 on Thursday, trading in a narrow range with investors reluctant to take positions

Published 14 Jun, 2012 04:32am

Energy

Oil price rises crimp developing countries' growth

NEW DELHI: A sustained $10 per barrel increase in crude prices reduces growth in developing countries by 1.5 percent, In

Published 13 Jun, 2012 10:58am

Energy

Brent steady above $97 ahead of OPEC meet, Greek polls

SINGAPORE: Brent crude steadied above $97 on Wednesday ahead of a meeting of the producer group OPEC this week, while ga

Published 13 Jun, 2012 06:59am

Energy

JX restarts 136,000 bpd Oita CDU as planned

TOKYO: Japan's top oil refiner, JX Nippon Oil & Energy Corp, said it restarted the 136,000 barrels-per-day No.3 crude di

Published 13 Jun, 2012 05:59am

Energy

Oil lower ahead of OPEC meeting

SINGAPORE: Oil was lower in Asian trade Wednesday on the eve of an OPEC ministerial meeting in Vienna to discuss product

Published 13 Jun, 2012 05:36am

Energy

Iraq looks to raise profile with OPEC candidate

BAGHDAD: As Iraq increases oil output and emerges as a key supplier, it is now pushing a candidate for OPEC secretary ge

Published 13 Jun, 2012 05:12am

Energy

Brent slips below $97 ahead of OPEC meet; EU worries weigh

SINGAPORE: Brent crude slipped below $97 on Wednesday, ahead of a meeting of producer group OPEC this week, and as uncer

Published 13 Jun, 2012 04:40am

Energy

China oil imports to top May record on low prices, stockpiling

BEIJING: China's oil imports will likely surge past last month's record in either June or July as falling prices and exp

Published 12 Jun, 2012 09:18am

Energy

Brent slips below $97, extends losses on Europe fears

SINGAPORE: Brent crude inched towards its lowest so far this year on Tuesday, slipping below $97 on concerns the euro zo

Published 12 Jun, 2012 05:06am

Energy

Indonesia sells 1-year Duri supply to ENOC

SINGAPORE: Indonesian state oil regulator BPMIGAS has sold a year's supply of Duri crude to Emirates National Oil Co (EN

Published 11 Jun, 2012 12:09pm

Energy

Brent above $102 on Spain rescue, Iran

SINGAPORE: Brent crude futures rose more than $2 on Monday as a rescue package for Spain's banks revived hopes of steady

Published 11 Jun, 2012 05:02am

Energy

China's implied oil demand edges up 0.4 percent in May

BEIJING: China's implied oil demand inched up 0.4 percent in May year-on-year, and rose marginally from April, when the

Published 10 Jun, 2012 05:57am

Energy

Oil falls on fading US stimulus hopes

SINGAPORE: Oil prices fell in Asian trade on Friday as hopes dimmed for stimulus measures to re-energise the faltering U

Published 08 Jun, 2012 06:24am

Energy

CNPC sees China's gas consumption trebling by 2030

KUALA LUMPUR: China's annual natural gas consumption will more than treble by 2030, the president of major gas producer

Published 07 Jun, 2012 01:07pm

Energy

Brent above $100 on Fed stimulus hopes, euro zone optimism

SINGAPORE: Brent crude rose on Thursday, holding above $100 per barrel on expectations the United States will introduce

Published 07 Jun, 2012 04:54am

Energy

Kuwait to keep full crude supply to Asia in July-Sept

TOKYO: Kuwait has notified at least one Asian customer that it will supply full contractual crude oil volumes for July-S

Published 06 Jun, 2012 08:57am

Energy

Indonesia 2012 crude output to fall 20,000 bpd on year

KUALA LUMPUR: Indonesia's crude output in 2012 will fall 20,000 barrels per day (bpd) on the year to 910,000 bpd, a seni

Published 06 Jun, 2012 07:37am

Energy

Brent crude rises above $99 on US data, eyes ECB

SINGAPORE: Brent crude prices rose above $99 a barrel on Wednesday, as supportive economic and crude stocks data from th

Published 06 Jun, 2012 05:07am

Energy

Brent crude rebounds above $99 on dollar, G7 talks

SINGAPORE: Brent crude prices rebounded for a second straight session on Tuesday, rising above $99 per barrel on support

Published 05 Jun, 2012 08:18am

Energy

Malaysia's Petronas approves floating LNG plant

KUALA LUMPUR: Malaysia's state oil firm Petronas has approved plans to build a floating liquefied natural gas (LNG) plan

Published 04 Jun, 2012 11:23am

Energy

Brent crude drops to 16-month low on economic data

SINGAPORE: Brent crude prices fell below $98 a barrel to a 16-month low on Monday, pressured by fears of a global econom

Published 04 Jun, 2012 05:27am

Energy

Oil slides on eurozone, US demand worries

SINGAPORE: Oil prices fell to a fresh seven-month low in Asian trade Friday as eurozone debt worries and signs of falter

Published 01 Jun, 2012 05:06am

Energy

Oil stays below $90 as Spain worries intensify

SINGAPORE: Oil extended losses in Asian trade Thursday, with prices hitting multi-month lows as Spain's banking woes int

Published 31 May, 2012 04:52am

Energy

Bangladesh agrees fuel term deals at higher premiums

SINGAPORE/DHAKA: Bangladesh Petroleum Corp (BPC) has concluded its July-December term negotiations for gasoil and jet fu

Published 30 May, 2012 09:33am

Energy

Brent stays below $107, heads for worst month in 2 years

SINGAPORE; Brent oil dropped to stay below $107 per barrel on Wednesday, with prices on track for their biggest monthly

Published 30 May, 2012 04:55am

Energy

India's ONGC profit leaps above estimate

MUMBAI/NEW DELHI: India's state-run Oil & Natural Gas Corp's net profit more than doubled in the fourth quarter, as the

Published 29 May, 2012 06:37pm

Energy

Oil mixed amid Iran, eurozone concerns

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as investors weighed the eurozone's mounting debt woes with the

Published 29 May, 2012 04:17am

Energy

Indian Oil sees 2012/13 capex at $1.8bn

NEW DELHI: Indian Oil Corp, the country's biggest fuel retailer, expects capital expenditure of 100 billion rupees ($1.8

Published 28 May, 2012 12:51pm

Energy

Saudi Aramco 2011 crude output tops 9 million bpd

KHOBAR: Saudi Aramco's crude oil output in 2011 rose to 9.1 million barrels per day (bpd) from 7.9 million a year earlie

Published 28 May, 2012 08:29am

Energy

US crude up $1 at $91.86/bbl

SINGAPORE: US crude futures rose a dollar on Monday to $91.86 per barrel supported by renewed fears that a dispute over

Published 28 May, 2012 07:17am

Energy

Oil rises on Iran fears, easing of eurozone worries

SINGAPORE: Oil prices edged higher in Asian trade Monday as major crude producer Iran and Western powers failed to reach

Published 28 May, 2012 06:12am

Energy

China eyes launch of crude futures within the year

SHANGHAI: China aims to launch crude oil futures within the year and allow them to be traded by foreign investors as the

Published 28 May, 2012 05:34am

Energy

Brent crude rises above $107; Greece, Iran eyed

SINGAPORE; Brent crude edged above $107 per barrel on Monday as polls showing support for a pro-bailout government in Gr

Published 28 May, 2012 05:19am

Energy

Kuwait sells jet fuel at a 2012-high premium

SINGAPORE: Kuwait Petroleum Corp. (KPC) has sold a jet fuel cargo for loading in June at a premium of $2.55-2.60 a barre

Published 24 May, 2012 12:46pm

Energy

India petrol hike fails to lift rupee; diesel eyed

MUMBAI: Indian rupee fell to a fresh record low on Thursday as a sharp increase in petrol prices failed to lift investor

Published 24 May, 2012 06:14am

Energy

Oil rebounds above $90 in Asian trade

SINGAPORE: Oil rebounded in Asian trade Thursday as investors bought into the market after prices fell below $90 a barre

Published 24 May, 2012 05:31am

Energy

Brent slips 0.4pc on potential Iran deal, economy concerns

SINGAPORE: Brent crude slipped around 0.4 percent on Wednesday as a potential deal between Iran and the UN nuclear watch

Published 23 May, 2012 05:23am

Energy

Brent steady near $109 ahead of EU summit, Iran talks

SINGAPORE: Brent crude held steady near $109 on Tuesday, awaiting the results of two meetings to tackle Europe's debt cr

Published 22 May, 2012 05:29am

Energy

Brent recovers towards $108 on possible China growth stimulus

SINGAPORE; Brent crude recovered towards $108 on Monday on hopes that China could take new steps to stimulate growth and

Published 21 May, 2012 05:23am

Energy

Oman sees oil output rising to 915,000 bpd in 2012

DUBAI: Small non-OPEC producer Oman expects to raise its average oil and condensate production to 915,000 barrels per da

Published 20 May, 2012 09:26am

Energy

Oil slides on deepening fears over eurozone

SINGAPORE: Oil extended its losses in Asian trade Friday on growing concerns that the eurozone's debt woes could worsen,

Published 18 May, 2012 06:18am

Energy

Thai Bangchak stops fuel oil sale on force majeure

BANGKOK: Thailand's oil refiner Bangchak Petroleum Pcl has declared a force majeure to temporarily stop an export of a 1

Published 17 May, 2012 12:03pm

Energy

Brent trades near 4-month low on Greece, possible stocks release

SINGAPORE: Brent crude slipped to a near four-month low on Thursday as investors shunned riskier assets following turmoi

Published 17 May, 2012 06:39am

Energy

Afghanistan to pump oil within months: official

KABUL: Afghanistan will start pumping oil within months, an official said Wednesday, as part of the troubled nation's ef

Published 16 May, 2012 10:42am

Energy

Oil sharply lower in Asia on eurozone worries

SINGAPORE: Oil prices fell sharply in Asian trade on Wednesday as investors fretted over political uncertainty in the eu

Published 16 May, 2012 06:10am

Energy

India targets 11 percent Iran oil import cut in 2012/13: minister

NEW DELHI: India aims to cut imports of Iranian crude by 11 percent to 15.5 million tonnes in 2012/13, Junior Oil Minist

Published 15 May, 2012 10:42am

Energy

Brent falls towards $111 on Greece jitters

SINGAPORE: Brent crude futures fell towards $111 a barrel on Tuesday as Greece's political and economic turmoil deepened

Published 15 May, 2012 07:26am

Energy

Oil falls on weak Chinese data, OPEC supply rise

SINGAPORE: Oil prices fell in Asian trade Friday, weighed down by disappointing Chinese trade data and an increase in cr

Published 11 May, 2012 09:51am

Energy

Kuwait cuts June crude OSP to Asia by $1.20/bbl

TOKYO: Kuwait has cut the official selling price (OSP) for its crude sales to Asian buyers for June by $1.20 a barrel fr

Published 11 May, 2012 04:33am

Energy

Oil falls on weak Chinese data, OPEC supply rise

SINGAPORE: Oil prices fell in Asian trade Friday, weighed down by disappointing Chinese trade data and an increase in cr

Published 11 May, 2012 03:36am

Energy

Saudi to supply full contract June crude to one asia buyer

TOKYO: Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil in June to at leas

Published 10 May, 2012 05:02am

Energy

Crude down in Asia on US inventory gain

SINGAPORE: Crude was down in Asia Thursday as a sharper-than-expected US stockpile gain further spooked nervous investor

Published 10 May, 2012 04:01am

Energy

China to cut fuel prices in line with world market

SHANGHAI: China, the world's second-biggest oil consumer, said Wednesday it would cut fuel prices by more than three per

Published 09 May, 2012 08:46pm

Energy

China to cut fuel prices in line with world market

SHANGHAI: China, the world's second-biggest oil consumer, said Wednesday it would cut fuel prices by more than three per

Published 09 May, 2012 12:27pm

Energy

Iran yuan oil payments won't catch on, yet

DUBAI: Sanctions have pushed the Islamic Republic to accept part-payment in the Chinese currency. While the yuan may pla

Published 09 May, 2012 08:56am

Energy

Oil mixed in Asian trade on eurozone worries

SINGAPORE: Oil prices were mixed in Asian trade on Tuesday on fresh worries about the eurozone debt crisis after leaders

Published 08 May, 2012 06:08am

Energy

US crude down over $3 after French, Greek elections

SEOUL: US crude futures dropped more than $3 a barrel and Brent crude also fell more than $2.50 a barrel on Sunday after

Published 06 May, 2012 10:50pm

Energy

Japan LNG imports to hit another record in 2012

PERTH: Japanese imports of liquefied natural gas will set another record high in 2012, climbing 9 percent to 85.5 millio

Published 04 May, 2012 01:15pm

Energy

Oil rebounds ahead of US jobs data

SINGAPORE: Oil prices bounced back in Asian trade Friday from the previous day's sharp losses as traders awaited a key l

Published 04 May, 2012 05:53am

Energy

Brent holds above $118, caution ahead of US jobs data

SINGAPORE: Brent crude steadied above $118 a barrel on Thursday, reflecting caution among investors ahead of a key US em

Published 03 May, 2012 04:15am

Energy

Brent steady above $119; US, China data supports

SINGAPORE: Brent crude was steady above $119 a barrel on Wednesday, supported by positive manufacturing data from the Un

Published 02 May, 2012 04:05am

Energy

Oil down in Asia on stockpile forecasts

SINGAPORE: Oil was down in quiet Asian trade on Tuesday on forecasts of a US stockpile gain as well as amplified worries

Published 01 May, 2012 06:05am

Energy

Oil lower on concerns over US and eurozone

SINGAPORE: Oil prices edged lower in Asia Monday, with investors fretting over stuttering growth in the US economy while

Published 30 Apr, 2012 05:49am

Energy

Japan Cosmo Oil resumes ops of quake hit Chiba CDU

TOKYO: Japanese oil refiner Cosmo Oil Co said it has restarted the 100,000 barrels per day (bpd) No.1 crude distillation

Published 28 Apr, 2012 09:49am

Energy

Oil prices hurting German consumer confidence: GfK

FRANKFURT: Consumer confidence in Germany, which has proven surprisingly resilient to the eurozone debt crisis in recent

Published 27 Apr, 2012 06:39am

Energy

SK Energy still assessing how much to cut Iran crude imports

SEOUL: South Korean's largest oil refiner, SK Energy, is securing alternative supplies to make up for potential cuts in

Published 27 Apr, 2012 04:17am

Energy

Chinese oil giants hit by refining losses

HONG KONG: Chinese oil giants Sinopec and Petrochina said they were hit by heavy refining losses in the first quarter, d

Published 27 Apr, 2012 04:08am

Energy

Oil prices lower on eurozone debt concerns

SINGAPORE: Oil slipped inAsia Friday on mounting concerns about the eurozone's financial woes after ratings agency Stand

Published 27 Apr, 2012 03:43am

Energy

Brent steady above $119; Fed comments support

SINGAPORE: Brent crude was steady above $119 a barrel on Thursday, as optimism over a recovery in the U.S economy offset

Published 26 Apr, 2012 06:49am

Energy

India's MRPL to restart one crude unit on Thursday

NEW DELHI: State-run Mangalore Refinery and Petrochemicals Ltd will restart on Thursday one of the three crude units at

Published 26 Apr, 2012 04:52am

Energy

Japan's crude imports from Iran drop 6.3pc y/y in March

TOKYO: Japan's customs-cleared crude imports from Iran fell 6.3 percent in March from a year ago, amid tightening Wester

Published 26 Apr, 2012 04:31am

Energy

Oil down in Asia on large US stockpile gain

SINGAPORE: Oil fell in Asia Thursday as a larger than expected rise in US crude inventories eroded overnight gains spark

Published 26 Apr, 2012 04:04am

Energy

Crude advances in Asia on supply concerns

SINGAPORE: Oil prices were higher in Asian trade on Wednesday, buoyed by a shutdown of Britain's largest oil field as ta

Published 25 Apr, 2012 05:43am

Energy

Oil down in Asia on Europe fears

SINGAPORE: Oil prices slipped in Asian trade on Tuesday with markets weighed by economic and political uncertainty in Eu

Published 24 Apr, 2012 05:57am

Energy

Energy guzzler Singapore boosts 'green' buildings

SINGAPORE: From the bone-chilling air conditioning that pumps through Singapore's malls and offices to lights that burn

Published 24 Apr, 2012 05:22am

Energy

Oil up as concerns over slowing China growth ease

SINGAPORE: Oil prices edged higher in Asian trade on Tuesday on easing concerns about a sharp economic slowdown in China

Published 24 Apr, 2012 05:22am

Energy

Petronas inks $2.2bn gas deal with Singapore's Keppel

KUALA LUMPUR: Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) has signed a $2.2 billion deal to supply an ad

Published 23 Apr, 2012 04:34am

Energy

Oil down in Asia ahead of key US, China data

SINGAPORE: Oil prices edged down in Asian trade Monday as cautious traders awaited the release of key economic data from

Published 23 Apr, 2012 03:43am

Energy

China crude oil stocks rise 2pc: Xinhua

BEIJING: China's commercial crude oil stocks at the end of March increased 2 percent from a month earlier, a newsletter

Published 20 Apr, 2012 07:41am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil was mixed in Asian trade on Friday as market cheer over a successful Spanish bond sale was offset by down

Published 20 Apr, 2012 06:07am

Energy

Oil prices up, focus on Spanish bond sale

SINGAPORE: Oil edged higher in Asian trade Thursday but prices were capped ahead of a Spanish government bond auction am

Published 19 Apr, 2012 03:54am

Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade on Wednesday as concerns over Europe's sovereign debt crisis continue to

Published 18 Apr, 2012 05:42am

Energy

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as investors weighed easing concerns over a supply disruption in

Published 17 Apr, 2012 05:52am

Energy

Emarat to buy Kuwait jet fuel, Mideast flying grows

SINGAPORE: Emirates General Petroleum Corp (Emarat) has secured an additional term contract with Kuwait Petroleum Corp t

Published 16 Apr, 2012 12:28pm

Energy

Oil prices dip after 'positive' Iran nuclear talks

SINGAPORE: Oil prices slid in Asian trade Monday after nuclear talks over the weekend between major crude producerIran a

Published 16 Apr, 2012 04:08am

Energy

Iraq buys 250 MW/day from UAE to boost power supply

BAGHDAD: Iraq has signed a contract to buy 250 megawatts of electricity per day from United Arab Emirates' Oilfield Serv

Published 15 Apr, 2012 01:23pm

Energy

Asia-Europe consortium to produce LNG in Canada

TOKYO: Japan's Mitsubishi said Thursday it was in talks with Royal Dutch Shell as well as a Chinese and a South Korean f

Published 12 Apr, 2012 04:12am

Energy

Oil prices lower in Asian trade

SINGAPORE: Oil prices slipped in Asian trade on Thursday, with weakerUS energy demand and fears the eurozone debt crisis

Published 12 Apr, 2012 03:50am

Energy

Cosmo Oil buys Saudi crude from Okinawa storage: sources

TOKYO: Japanese refiner Cosmo Oil has bought 200,000 kilolitres (1.26 million barrels) of Saudi Arabian crude from stora

Published 11 Apr, 2012 09:56am

Energy

Oil up in Asia, but Europe woes cap gains

SINGAPORE: Oil prices edged higher in Asian trade on Wednesday after heavy losses in New York but sentiment was dampened

Published 11 Apr, 2012 05:48am

Energy

Oil rises in Asia on supply concerns

SINGAPORE: Oil was higher in Asian trade Tuesday as worries about a possible disruption to Middle East crude supplies ou

Published 10 Apr, 2012 07:42am

Energy

OPEC seeking world oil price balance: Iraq

BAGHDAD: OPEC is seeking a balance in world oil prices, but political instability rather than production issues are affe

Published 09 Apr, 2012 07:42am

Energy

Brent slips below $123 on Iran talks, US jobs data

SINGAPORE: Brent crude slipped $1 on Monday as Iran agreed to resume talks that had collapsed more than a year ago on th

Published 09 Apr, 2012 04:04am

Energy

Brent slips below $123 on Iran nuclear talks

SINGAPORE: Brent crude slipped more than $1 on Monday as Iran agreed to resume talks with top world powers this week on

Published 09 Apr, 2012 12:53am

Energy

US oil still eyes $99.37

SINGAPORE: A bearish target at $99.37 per barrel will be confirmed for US oil, if it could drop below $101.37, an hourly

Published 09 Apr, 2012 12:49am

Energy

Bangladesh's BAPEX eyes 1st offshore oil and gas venture

DHAKA: State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) hopes to launch its first offshore

Published 07 Apr, 2012 11:39am

Energy

Qatar ups March Marine crude OSP to $124.90

TOKYO: Qatar has raised its March retroactive official selling price (OSP) for Qatar Marine crude to $124.90 a barrel, u

Published 06 Apr, 2012 12:34pm

Energy

Sinopec to close a Jinling CDU for repair from mid-April

BEIJING: China Petroleum and Chemical Corp (Sinopec Corp) , Asia's largest refiner, will close a 160,000 barrels-per-day

Published 06 Apr, 2012 12:24pm

Energy

Oil recovers in Asia after New York sell-off

SINGAPORE: Oil recovered in Asian trade on Thursday after sharp losses in New York triggered by a larger-than-expected j

Published 05 Apr, 2012 07:06am

Energy

Brent rises near $123; eyes US jobs report

SINGAPORE: Brent crude rose towards $123 a barrel on Thursday after falling sharply in the previous session on a big jum

Published 05 Apr, 2012 04:16am

Energy

Brent slips toward $124 on Fed comments, Saudi supply

SINGAPORE: Brent crude extended losses toward $124 a barrel on Wednesday after the US central bank dashed hopes of furth

Published 04 Apr, 2012 04:24am

Energy

Oil retreats as profit taking

SINGAPORE: Oil retreated in Asian trade on Tuesday as investors took profits from gains in New York, while weak eurozone

Published 03 Apr, 2012 06:27am

Energy

Brent holds above $125 on US data, North Sea supply delay

SINGAPORE: Brent crude was steady above $125 a barrel on Tuesday after sharp gains in the previous session, supported by

Published 03 Apr, 2012 04:12am

Energy

Asia Distillates-Jet fuel weakens, arbitrage workable

SINGAPORE: Asian jet fuel prices weakened on Monday, making it slightly profitable to send the product from Asia to Euro

Published 02 Apr, 2012 01:51pm

Energy

Brent rises above $123 on China data, Mideast supply worries

SINGAPORE: Brent crude rose above $123 on Monday after positive manufacturing data from China eased fears of a sharp eco

Published 02 Apr, 2012 04:01am

Energy

Taiwan petrol price to jump around 10pc as subsidy ends

TAIPEI: The Taiwanese government announced Sunday the end of a fuel subsidy that had been in place 16 months, pushing up

Published 01 Apr, 2012 12:36pm

Energy

Iraq March oil exports hit highest level

BAGHDAD: Iraq's crude oil exports rose to their highest level since 2003 in March, at 2.317 million barrels per day (bpd

Published 01 Apr, 2012 10:12am

Energy

Turkey to cut oil purchases from Iran by 10pc

ISTANBUL: Turkish Energy Minister Taner Yildiz said on Friday Turkey will reduce the amount of oil it buys from Iran by

Published 30 Mar, 2012 11:24am

Energy

Oil prices higher in Asian trade

SINGAPORE: Crude rebounded in Asian trade on Friday after the United States said no decision had been made on tapping st

Published 30 Mar, 2012 05:30am

Energy

Brent near $124 as US crude stocks rise offsets Iran

SINGAPORE: Brent crude held steady near $124 on Thursday as news of a surge in US crude inventories and Western nations'

Published 29 Mar, 2012 04:40am

Energy

Brent breaches $125 on US crude stocks rise, possible release

SINGAPORE: Brent crude fell for a second session on Wednesday, breaching $125, on the possibility of a release of strate

Published 28 Mar, 2012 04:16am

Energy

Brent crude stays above $125 on Fed comments, Iran

SINGAPORE: Brent held steady above $125 on Tuesday as comments from the US Federal Reserve indicating easy monetary poli

Published 27 Mar, 2012 04:12am

Energy

Asia Fuel Oil-Spot premium for 380-cst at 4-week high

SINGAPORE: Asia's fuel oil spot premiums improved on Monday, with 380-centistoke (cst) grade differential climbing to it

Published 26 Mar, 2012 01:50pm

Energy

Sinopec looks to diversify oil imports after Iran decline

HONG KONG: China Petroleum and Chemical Corp (Sinopec) is looking to diversify its crude oil imports, the company's chai

Published 26 Mar, 2012 11:57am

Energy

Shell shuts FCC unit at Singapore refinery: sources

SINGAPORE: Royal Dutch Shell Plc unexpectedly shut a gasoline-making fluid catalytic cracker (FCC) at its 500,000 barrel

Published 26 Mar, 2012 08:26am

Energy

Brent oil edges below $125 asSudanmay resume output

SINGAPORE: Brent crude edged below $125 on Monday as a possible resumption in crude production fromSouth Sudanoffset sup

Published 26 Mar, 2012 04:14am

Energy

Oil prices higher in Asian trade

SINGAPORE : Oil prices rose in Asian trade on Friday on data showing an improvement in US employment numbers and lingeri

Published 23 Mar, 2012 06:46am

Energy

Brent falls below $124 on China demand fears

SINGAPORE: Brent crude dropped below $124 a barrel on Thursday, after weak Chinese manufacturing data sparked concerns t

Published 22 Mar, 2012 04:54am

Energy

Crude rebounds in Asia on signs of stronger US demand

SINGAPORE: Oil rebounded from an overnight dive in Asian trade on Wednesday as data showing stronger US energy demand ou

Published 21 Mar, 2012 05:52am

Energy

Oil prices down on Saudi assurance

SINGAPORE: Oil prices inched lower in Asian trade on Tuesday after the world's leading crude producer Saudi Arabia vow

Published 20 Mar, 2012 06:37am

Energy

India IOC issues tender to buy light sweet crude

LONDON/SINGAPORE: Indian Oil Corp (IOC) has issued a tender to buy West African light sweet crude for May loading, trade

Published 19 Mar, 2012 11:22am

Energy

Brent crude holds above $126 on Iran, economic outlook

SINGAPORE: Brent crude held above $126 a barrel on Monday, extending last Friday's gains, as prices were supported by co

Published 19 Mar, 2012 04:33am

Energy

Iraq offers oil to Sri Lanka to avert Iran ban

COLOMBO: Iraq has come forward to offer "substantial quantities" of crude oil to Sri Lanka, as the island desperately lo

Published 18 Mar, 2012 05:52am

Energy

Middle East Crude-Firm, eye on Iran

SINGAPORE: Middle East crude values remained firm on Friday, underpinned by potential supply disruptions from Iran over

Published 16 Mar, 2012 12:39pm

Energy

Oil up in Asia as US-British crude pact denied

SINGAPORE: Oil prices rose in Asian trade Friday after the US and Britain denied reports that the two countries had agre

Published 16 Mar, 2012 06:55am

Energy

Brent crude eases to $126 ahead of US oil data

SINGAPORE: Brent crude eased towards $126 on Wednesday as expectations for a build in US crude inventories offset improv

Published 14 Mar, 2012 04:28am

Energy

Brent crude falls towards $125 as China data spur demand worry

SINGAPORE: Oil fell in the first of four sessions on Monday, with Brent slipping towards $125, as weak Chinese exports h

Published 12 Mar, 2012 04:51am

Energy

China February implied oil demand rebounds to record high

BEIJING: China's implied oil demand in February rebounded to a record high rate last seen in December after a dip in Jan

Published 10 Mar, 2012 10:11am

Energy

China Feb implied oil demand rebounds to record high

BEIJING: China's implied oil demand in February rebounded to a record high rate last seen in December after a dip in Jan

Published 10 Mar, 2012 09:18am

Energy

China Jan oil demand up 5 pct on year, off December peak

BEIJING: China's implied oil demand rose nearly 5 percent year-on-year in January, a touch below December's all-time rec

Published 09 Mar, 2012 12:03pm

Energy

Oil prices rise on Greek debt swap deal

SINGAPORE: Oil prices rose in Asian trade Friday on news that commitments to back a Greek debt swap had passed a key thr

Published 09 Mar, 2012 06:30am

Energy

Iraq starts oil exports from new floating facility

BASRA: Iraq began loading oil from a long-awaited new floating Single Point Mooring (SPM) platform in the Gulf on Thursd

Published 08 Mar, 2012 12:47pm

Energy

Brent steady above $124 on Greece hopes, US jobs data

SINGAPORE: Brent crude was steady above $124 a barrel on Thursday on hopes that Greece would win enough creditor support

Published 08 Mar, 2012 04:24am

Energy

Oil prices higher on Iran concerns

SINGAPORE: Oil prices rebounded in Asian trade Wednesday amid lingering concerns over Western efforts to rein in Iran's

Published 07 Mar, 2012 06:28am

Energy

Brent slips below $124, Iran woes support

SINGAPORE: Brent crude slipped below $124 on Monday due to demand growth concerns, but the slide was stemmed by fears of

Published 05 Mar, 2012 01:49pm

Energy

India IOC issues May West Africa crude tender

LONDON: Indian Oil Corp (IOC) has issued a tender to buy West African crude for May loading, weeks ahead of the release

Published 05 Mar, 2012 12:23pm

Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Monday on prospects for stronger US economic growth and jitters sparked by sab

Published 05 Mar, 2012 06:31am

Energy

Oil prices fall after Brent closes on four-year high

SINGAPORE: Oil retreated in Asia on Friday after a sharp rally overnight driven by fears of a supply disruption in Saudi

Published 02 Mar, 2012 12:27pm

Energy

Oil prices higher on positive US data, Iran concerns

SINGAPORE: Oil prices edged higher in Asian trade Thursday, supported by upbeat US economic data and fears over supply d

Published 01 Mar, 2012 04:14am

Energy

Iran seeks to sell crude in Asia as sanctions bite

SINGAPORE: Iran is trying to sell about 200,000 tonnes of crude oil from a supertanker floating off Singapore, traders s

Published 29 Feb, 2012 12:38pm

Energy

Brent slips below $124 after rally

SINGAPORE: Brent crude futures extended losses and slipped below $124 on Tuesday, snapping a surge that threatened to hu

Published 28 Feb, 2012 11:11am

Energy

Brent slips below $125 but supply concerns support

SINGAPORE: Brent crude slipped below $125 on Monday and snapped five days of gains with investors booking profits after

Published 27 Feb, 2012 11:44am

Energy

BP wants predictable price regime in India

NEW DELHI: Oil and gas major BP Plc wants a predictable pricing regime for natural gas in India, as this is vital for de

Published 27 Feb, 2012 08:52am

Energy

Oil prices lower in Asian trade

SINGAPORE: Oil prices were lower in Asian trade Monday as traders took profits from last week's gains, while concerns ov

Published 27 Feb, 2012 04:16am

Energy

China power consumption growth seen slow: report

SHANGHAI: Electricity consumption in China may slow to 6 to 7 percent growth in the first quarter of this year, down by

Published 25 Feb, 2012 07:25am

Energy

China power consumption growth seen slow: report

SHANGHAI: Electricity consumption in China may slow to 6 to 7 percent growth in the first quarter of this year, down by

Published 25 Feb, 2012 07:17am

Energy

Mitsubishi willing to take Mexico wind power project

TOKYO: Japanese trading house Mitsubishi Corp said on Friday it would take a 34 percent stake in a $1 billion Mexican w

Published 24 Feb, 2012 06:30am

Energy

Tanker with disputed Sudanese crude docks in Japan

TOKYO: A tanker carrying 600,000 barrels of disputed Sudanese crude oil arrived in Japan's Kiire port after more than a

Published 24 Feb, 2012 04:59am

Energy

Brent rises above $124 on Iran jitters, US data

SINGAPORE: Brent crude rose above $124 on Friday, on track for a fifth straight weekly gain, as worries over Iranian sup

Published 24 Feb, 2012 04:52am

Energy

Goldman expects Brent to rise to $127.50/bbl in 12 months

SINGAPORE: Goldman Sachs said it expects Brent crude prices to rise to $127.50 a barrel over the next 12 months in order

Published 23 Feb, 2012 05:20am

Energy

Oil prices lower on weak Europe, China data

SINGAPORE: Oil prices were lower in Asian trade Thursday, weighed by weak economic data from Europe and China, as well a

Published 23 Feb, 2012 04:07am

Energy

China's CNOOC in talks on Uganda refinery

BEIJING: Chinese oil giant CNOOC is negotiating with Uganda to invest in the African country's first oil refinery, state

Published 23 Feb, 2012 04:04am

Energy

US natural gas lower as mild weather, storage weigh

NEW YORK: US natural gas futures were about 2 cents lower early Wednesday, edging off amid ongoing concerns over a mild

Published 22 Feb, 2012 03:02pm

Energy

Oil prices lower over Greek reform anxiety

SINGAPORE: Oil was lower in Asian trade on Tuesday on concerns that Greece may face difficulties delivering on tough eco

Published 22 Feb, 2012 06:38am

Energy

Brent hovers near $120, buyers take less Iran oil

SINGAPORE: Brent crude futures held steady near $120 a barrel on Tuesday as the euro zone approved a second bailout pack

Published 21 Feb, 2012 11:36am

Energy

Brent hits 8-month top above $121

SINGAPORE: Brent crude futures rose on Monday to above $121 a barrel, the highest in eight months, as Iran cut its expor

Published 20 Feb, 2012 11:06am

Energy

Japan January crude imports fall 2.1pc yr/yr

TOKYO: The volume of Japan's customs-cleared crude oil imports fell 2.1 percent in January from a year earlier, governme

Published 20 Feb, 2012 05:27am

Energy

Oil higher on Middle East tension

SINGAPORE: Oil prices edged higher in Asian trade on Friday on continued tension between Western powers and crude produc

Published 17 Feb, 2012 05:27am

Energy

Brent rises above $119 on Iran; Greece weighs

SINGAPORE: Brent crude rose above $119 on Thursday on worries about supply disruptions from the Middle East and after US

Published 16 Feb, 2012 11:39am

Energy

Oil price down in Asia on profit-taking

SINGAPORE: Oil was down in Asian trade Thursday with traders reaping profits after prices jumped more than one percent o

Published 16 Feb, 2012 04:37am

Energy

Brent above $118 as supply trumps euro-zone misery

SINGAPORE: Brent crude held above $118 on Wednesday as supply concerns in the Middle East sparked by tensions over Iran

Published 15 Feb, 2012 07:26am

Energy

Japan crude stocks rise 3pc

TOKYO: Japan's commercial crude inventories rose 3 percent last week from the previous week, while kerosene stocks fell

Published 15 Feb, 2012 06:32am

Energy

Oil lower in Asia on eurodebt woes

SINGAPORE: Oil prices sank in Asia Tuesday as eurozone debt worries rose to the fore once again after Moody's slashed t

Published 14 Feb, 2012 07:15am

Energy

Crude up in Asia after Greek austerity deal

SINGAPORE: Crude prices rose in Asia Monday as markets cheered Greece's approval of harsh austerity measures requested b

Published 13 Feb, 2012 04:13am

Energy

Oil prices lower on concerns over Greece

SINGAPORE: Oil prices were lower in Asian trade Friday as a bailout deal for debt-strapped Greece was once again put off

Published 10 Feb, 2012 03:56am

Energy

Oil higher on hopes of stronger demand, Greek deal

SINGAPORE: Crude prices were higher in Asian trade Wednesday as traders reacted to a forecast that global oil demand is

Published 08 Feb, 2012 03:58am

Energy

CNPC eyes gas output rise of 5pc or more in 2012

BEIJING: China National Petroleum Corp (CNPC) plans to raise its natural gas output to a level of 79.3 billion-82.1 bill

Published 07 Feb, 2012 06:20am

Energy

Oil up in Asia, boosted by European cold snap

SINGAPORE: Oil was up in Asian trade Tuesday, with a lingering cold snap in Europe spurring Brent prices while bargain h

Published 07 Feb, 2012 04:23am

Energy

PetroChina buys stake shale gas project in Canada

SHANGHAI: State-owned PetroChina said it has agreed to take a 20 percent stake in a Canadian shale gas project owned by

Published 03 Feb, 2012 05:40am

Energy

Brent rises above $112 on Iran, promising economic data

SINGAPORE: Brent crude rose above $112 a barrel on Thursday, extending gains for a third day on persistent worries over

Published 02 Feb, 2012 12:03pm

Energy

Brent rises toward $112 on Iran

SINGAPORE: Brent crude rose toward $112 a barrel on Thursday, extending gains for a third day on persistent worries over

Published 02 Feb, 2012 06:52am

Energy

BP must pay some of Halliburton's Gulf spill costs

WASHINGTON: British oil giant BP must cover some of the eventual claims against subcontractor Halliburton arising from t

Published 01 Feb, 2012 05:15am

Energy

Oil prices rise on supply disruption concerns

SINGAPORE: Oil prices edged higher in Asian trade Monday amid concerns over a supply disruption in the Middle East and

Published 01 Feb, 2012 04:55am

Energy

Oil higher in Asia on positive Japanese data

SINGAPORE: Oil rose in Asia Tuesday as traders reacted to better than expected economic data from Japan, analysts said.

Published 31 Jan, 2012 03:42am

Energy

China fuel prices hit trigger point for a hike

BEIJING: The increase in crude oil prices that China's gasoline and diesel prices are based on has topped a trigger poin

Published 30 Jan, 2012 05:01am

Energy

Oil prices lower over eurozone debt worries

SINGAPORE: Oil prices were lower in Asian trade Monday as the market awaited the outcome of a European Union summit on c

Published 30 Jan, 2012 03:35am

Energy

Iran gasoline demand falls

DUBAI: Iran's gasoline consumption is falling rapidly thanks to higher prices and compressed natural gas (CNG) use, acco

Published 29 Jan, 2012 10:49am

Energy

Palm-biofuels fail to meet US green standard

KUALA LUMPUR: Palm oil bio-fuel has failed to meet greenhouse gas saving standards to qualify for the US renewable fuels

Published 28 Jan, 2012 07:51am

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil rose in Asian trade Friday on expectations the US economy saw robust growth in the final quarter of 2011,

Published 27 Jan, 2012 04:02am

Energy

Oil prices higher as US maintains low interest rates

SINGAPORE : Oil prices rose in Asia on Thursday on news that the US Federal Reserve would keep interest rates low for

Published 26 Jan, 2012 06:41am

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices were higher in Asian trade Wednesday, on expectations of firm US economic growth and rising tensio

Published 25 Jan, 2012 03:43am

Energy

MRPL may buy less Iran oil in 2011-12: India

NEW DELHI: India Mangalore Refinery and Petrochemicals Ltd may buy less oil from Iran in 2011-12, its managing director

Published 24 Jan, 2012 07:27pm

Energy

Oil prices mixed in Asian trade

SINGAPORE: Crude prices were mixed in Asian trade Tuesday on rising tensions in the Middle East after the European Union

Published 24 Jan, 2012 03:56am

Energy

Oil prices lower on Europe debt worries

SINGAPORE: Oil prices were lower in Asian trade Monday amid renewed concerns over Europe's ability to deal with its towe

Published 23 Jan, 2012 03:57am

Energy

China's December Saudi crude imports 4th highest on record

BEIJING: China's crude oil imports from Saudi Arabia rose to 1.12 million barrels per day in December, the fourth-highes

Published 21 Jan, 2012 07:07am

Energy

Sinopec's $2.8bn LNG terminal to win final approval soon

BEIJING: China Petroleum and Chemical Corp's (Sinopec Corp) plan to build a 3 million tonne-per-year import terminal of

Published 20 Jan, 2012 04:25am

Energy

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Friday as traders weighed news of weakening demand for petrol in the Uni

Published 20 Jan, 2012 03:38am

Energy

Oil prices higher in Asian trade

SINGAPORE : Oil prices were higher in Asian trade Thursday, supported by news that the International Monetary Fund seeki

Published 19 Jan, 2012 08:02am

Energy

Oil prices higher in Asian trade over US, China data

SINGAPORE: Oil prices rose in Asian trade Wednesday on a weaker dollar and positive economic data from major crude consu

Published 18 Jan, 2012 04:14am

Energy

China's December oil demand hits record, 2011 up 6.8 percent

BEIJING: China's implied oil demand climbed to an all-time high of 9.64 million barrels per day in December, up 0.4 perc

Published 17 Jan, 2012 05:10am

Energy

Oil prices higher in Asia on Iran fears

SINGAPORE: Oil prices climbed in Asian trade Tuesday on fresh worries over tension between Western powers and major prod

Published 17 Jan, 2012 03:52am

Energy

Brent rises towards $111 as Iran warns Gulf exporters

SINGAPORE: Brent crude rose towards $111 on Monday on worries over supply disruptions after Iran warned Gulf Arab neighb

Published 16 Jan, 2012 06:33am

Energy

Oil higher in Asian trade on Nigerian unrest

SINGAPORE: Oil prices rose in Asian trade on Monday as worries over supply disruptions in Nigeria outweighed concerns ov

Published 16 Jan, 2012 03:43am

Energy

Iran not storing oil in Gulf

TEHRAN: Iran has not stored oil on tankers in the Gulf, and its crude exports have not been disrupted due to mounting in

Published 14 Jan, 2012 12:28pm

Energy

Saudi is ready to meet all oil consumers' demand

DHAHRAN: Top oil producer Saudi Arabia is ready to meet consumer countries' crude oil demand, oil minister Ali al-Naimi

Published 14 Jan, 2012 08:59am

Energy

Brent rises above $111.50 on supply fears; debt sales support

SINGAPORE: Brent crude rose above $111.50 a barrel on Friday, boosted by worries over supply disruption from Nigeria, wh

Published 13 Jan, 2012 05:14am

Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday as concerns over supply disruptions in Iran and Nigeria outweighed fi

Published 12 Jan, 2012 07:49am

Energy

Pertamina gasoil imports to fall 37.5 percent in February

SINGAPORE: Indonesian state energy firm Pertamina is expected to import about 3 million barrels of high sulphur gasoil i

Published 11 Jan, 2012 06:32am

Energy

Brent slips below $113 as Europe overshadows Mideast woes

SINGAPORE: Brent crude slipped below $113 on Wednesday as Europe's debt crisis and expectations of a rise in oil invento

Published 11 Jan, 2012 04:32am

Energy

Oil rises above $113 on Iran tension

LONDON: Oil rose towards $113 a barrel on Tuesday as tensions over Iran's nuclear programme and unrest in Nigeria outwei

Published 10 Jan, 2012 10:13am

Energy

Brent firm on Iran's threats but mood cautious

SINGAPORE: Brent crude rose above $112.50 on Tuesday as tension over Iran's nuclear programme ratcheted up and on unrest

Published 10 Jan, 2012 04:59am

Energy

Oil down in Asian trade

SINGAPORE: Oil prices were down in Asian trade Monday on concerns the European debt crisis could worsen, analysts said,

Published 09 Jan, 2012 03:47am

Energy

Oil prices slip in Asian trade

SINGAPORE: Oil prices slid in Asian trade Friday as dealers took profit from recent gains, while concerns over the Europ

Published 06 Jan, 2012 04:07am

Energy

Brent oil falls near $113 as euro zone jitters overshadow Iran

SINGAPORE: Brent crude fell near $113 a barrel on Thursday as renewed jitters over the euro zone crisis overshadowed fea

Published 05 Jan, 2012 04:30am

Energy

China's CNPC says natgas output at 75.5 bcm in 2011

BEIJING: China National Petroleum Corp (CNPC) produced 75.5 billion cubic metres of natural gas in 2011, 3 bcm more than

Published 04 Jan, 2012 05:35am

Energy

South Korea's SK Energy to buy more Iran oil in 2012

SEOUL: South Korea's SK Energy will import 130,000 barrels per day (bpd) of crude oil this year under a term contract wi

Published 04 Jan, 2012 04:24am

Energy

Oil eases in Asian trade after overnight surge

SINGAPORE: World crude prices inched lower in Asian trade Wednesday after soaring overnight over tensions between major

Published 04 Jan, 2012 03:50am

Energy

Brent crude up above $108 on China, Iran

SINGAPORE: Brent crude rose to above $108 a barrel on Tuesday as China's manufacturing activity expanded slightly, lifti

Published 03 Jan, 2012 06:34am

Energy

Oil higher in Asia on Chinese data, Mideast tensions

SINGAPORE: Oil rose in Asian trade Tuesday, underpinned by positive economic data out of China and geopolitical tensions

Published 03 Jan, 2012 03:56am

Energy

Oil climbs more than $1 on Iran worries

SINGAPORE: US crude oil rose more than a dollar on Tuesday, supported by worries that escalating tensions between Iran a

Published 02 Jan, 2012 10:51pm

Energy

Iraq oil exports average 2.165 mln bpd in 2011

BAGHDAD: Iraq's oil exports averaged 2.165 million barrels per day last year at an average price of $104.90 per barrel,

Published 01 Jan, 2012 10:34am

Energy

South Korea December crude oil imports up 2.7pc

SEOUL: South Korea's crude oil imports in December rose 2.7 percent from a year earlier, preliminary customs figures rel

Published 01 Jan, 2012 05:28am

Energy

Iran says crude will exceed $200 if its oil sanctioned

TEHRAN: Iran's oil minister said crude prices will rise to more than $200 per barrel if foreign sanctions are imposed on

Published 31 Dec, 2011 07:14am

Energy

Bangladesh raises fuel prices to cut subsidy

DHAKA: Bangladesh raised fuel prices with effect from Friday in its fourth such hike since May, a move that will trim th

Published 30 Dec, 2011 07:23am

Energy

Oil higher in Asian trade amid simmering Mideast tensions

SINGAPORE: Oil rose in Asian trade Friday, sparked by heightened tensions between the US and major crude producer Iran,

Published 30 Dec, 2011 04:02am

Energy

Vietnam 2011 crude oil output rises 1.1pc y/y

HANOI: Vietnam produced an estimated 15.18 million tonnes, or 305,000 barrels per day (bpd), of crude oil this year, a r

Published 29 Dec, 2011 05:16am

Energy

Crude mixed in Asia

SINGAPORE: Oil was mixed in Asian trade Thursday following an unexpected gain in US crude inventories, analysts said. N

Published 29 Dec, 2011 04:26am

Energy

Japan November total oil sales down 3.4pc

TOKYO: Japan's total oil product sales in November fell 3.4 percent from a year earlier, the Ministry of Economy, Trade

Published 28 Dec, 2011 04:59am

Energy

Oil up in Asia as Iran tensions heat up

SINGAPORE: Oil rose in year-end Asian trade Wednesday as Iran warned it would lock down the crucial Strait of Hormuz if

Published 28 Dec, 2011 04:16am

Energy

Brent above $108 on supply worries, US data supports

SINGAPORE: Brent crude rose slightly to trade above $108 on Tuesday, supported by supply disruptions in Syria and Irania

Published 27 Dec, 2011 07:03am

Energy

Cosmo Oil to resume refining ops at quake-hit plant

TOKYO: Japanese oil refiner Cosmo Oil Co said it would prepare to resume partial refining operations at the 220,000 barr

Published 27 Dec, 2011 06:59am

Energy

Oil higher in Asian trade

SINGAPORE: Oil was higher in Asian trade Tuesday amid thin trading volumes with Middle East geopolitical tensions seen s

Published 27 Dec, 2011 03:44am

Energy

Qatar says December oil output about 730,000 bpd

CAIRO: Qatari Oil Minister Mohammed al-Sada said on Staurday his country's December output was about 730,000 barrels per

Published 24 Dec, 2011 10:52am

Energy

Sinopec says completes Canada's Daylight Energy buy

HONG KONG: China's Sinopec Group, parent of top Asia refiner Sinopec Corp , said it had completed the acquisition of Can

Published 24 Dec, 2011 05:13am

Energy

Oil mixed in Asia, NY crude up on US data

SINGAPORE: Crude prices were mixed in Asian trade Friday with New York crude boosted by positive US jobs data but tradin

Published 23 Dec, 2011 04:11am

Energy

Brent steady above $107, US stocks, euro zone eyed

SINGAPORE: Brent futures were steady above $107 a barrel on Thursday, as investors weighed a sharp drop in US crude stoc

Published 22 Dec, 2011 08:14am

Energy

Oil up as US crude stocks fall

SINGAPORE: Oil rose in Asian trade Thursday, boosted by a stronger-than-expected drop in US crude stocks, analysts said.

Published 22 Dec, 2011 05:02am

Energy

China's CNOOC imports diesel for domestic use in Dec

SINGAPORE: China National Offshore Oil Corp (CNOOC), the country's third-largest oil company, has bought small volumes o

Published 21 Dec, 2011 08:11am

Energy

Oil higher on US data

SINGAPORE: Oil rose in Asian trade Wednesday as investors drew confidence from positive US data, analysts said. New Yor

Published 21 Dec, 2011 03:44am

Energy

Thailand diesel exports down in Dec as domestic demand rises

SINGAPORE: Thailand's diesel exports fell in December as domestic demand increased with year-end holidays and as vehicle

Published 20 Dec, 2011 04:04am

Energy

Crude up in Asia on North Korea concerns

SINGAPORE: Crude prices rose in Asian trade Tuesday, driven by geopolitical concerns after the death of North Korean lea

Published 20 Dec, 2011 03:59am

Energy

Crude down in Asia on Europe worries

SINGAPORE: Crude prices dipped in Asian trade Monday with eurozone worries plaguing markets as the year winds down, anal

Published 19 Dec, 2011 03:53am

Energy

Indonesia sees 15 new oil, gas fields on stream next year

JAKARTA: At least 15 oil and gas projects are expected to come onstream in Indonesia in 2012 as Southeast Asia's largest

Published 18 Dec, 2011 08:59am

Energy

Kazakh oil firm employees afraid to work

ALMATY: KazMunaiGas Exploration Production said on Saturday that some of its employees had failed to show up for work at

Published 17 Dec, 2011 02:18pm

Energy

Japan oil demand to keep declining next year

TOKYO: Oil demand in Japan is expected to keep fading next year, although reconstruction after the March earthquake and

Published 16 Dec, 2011 09:07am

Energy

Crude down in Asia on Europe, China concerns

SINGAPORE: Crude dived in Asian trade Friday as traders remained sceptical of economic prospects in Asian powerhouse Chi

Published 16 Dec, 2011 04:25am

Energy

Brent rises towards $106, recoups some losses

SINGAPORE: Brent crude futures rose towards $106 on Thursday, recouping some losses as investors seized the opportunity

Published 15 Dec, 2011 07:32am

Energy

Brent little changed at $105 after biggest drop since September

SINGAPORE: Brent crude futures were little changed at $105 on Thursday, after plunging the most in nearly three months i

Published 15 Dec, 2011 04:33am

Energy

Kazakhstan buys stake in massive gas field: ENI

MILAN: A Kazakhstan oil and gas company will buy a 10-percent stake in the giant Kazakh gas field owned by a global cons

Published 14 Dec, 2011 08:57am

Energy

OPEC urged to follow Saudi in boosting oil output

SINGAPORE: The International Energy Agency (IEA) Tuesday called on members of the OPEC oil cartel to keep up with key me

Published 14 Dec, 2011 07:18am

Energy

Oil lower ahead of OPEC meeting

SINGAPORE: Oil was lower in Asia Wednesday, dampened by worries that the eurozone debt crisis has showed no signs of eas

Published 14 Dec, 2011 05:52am

Energy

Brent slips towards $109 as investors book profits, Europe weighs

SINGAPORE: Brent crude slipped towards $109 on Wednesday as investors booked profits after prices rose more than $2 in t

Published 14 Dec, 2011 04:21am

Energy

Brent steady above $107, Europe woes weigh

SINGAPORE: Brent crude was little changed above $107 on Tuesday, after falling in the previous session, on concerns of d

Published 13 Dec, 2011 08:02am

Energy

Crude mixed in Asia as EU worries weigh

SINGAPORE: Crude prices were mixed in Asia Tuesday with markets rattled by worries that a European Union deal on curbing

Published 13 Dec, 2011 03:54am

Energy

Brent slips below $108 on EU woes, dollar

SINGAPORE: Brent crude slipped below $108 on Monday, hit by a stronger dollar and investors' worries that European leade

Published 12 Dec, 2011 08:01am

Energy

Iran raises Jan crude prices to Asia to record high

SINGAPORE: Iran has raised its official selling prices for January loading crude to Asia, traders said on Monday. It ra

Published 12 Dec, 2011 04:37am

Energy

China November implied oil demand 2nd highest on record

BEIJING: China's implied oil demand in November increased to the second highest in history, as refineries in the world's

Published 12 Dec, 2011 04:16am

Energy

Oil lower despite EU deal to save eurozone

SINGAPORE: Oil weakened in Asian trade Monday as investors remained cautious despite backing from EU leaders for a deal

Published 12 Dec, 2011 03:44am

Energy

Iran says crude market balanced, oil prices ‘good’

TEHRAN: The global oil market is balanced, Iranian Oil Minister Rostam Qasemi said on Sunday, calling on some OPEC membe

Published 11 Dec, 2011 08:38am

Energy

China Nov crude imports 2nd highest on record

BEIJING: China's crude oil imports in November rose 8.5 percent over a year earlier to about 5.52 million barrels per da

Published 10 Dec, 2011 05:02am

Energy

Crude mixed in Asia

SINGAPORE: Crude prices were mixed in Asia Friday after the European Central Bank (ECB) announced it would cut its main

Published 09 Dec, 2011 04:21am

Energy

Oil mixed in Asia ahead of EU summit

SINGAPORE: Crude was mixed in Asian trade Thursday ahead of a crunch European Union summit as doubts lingered over wheth

Published 08 Dec, 2011 05:07am

Energy

China asks oil firms to raise diesel, gas supply

BEIJING: China asked its oil firms to increase diesel supplies and produce natural gas at full capacity to meet demand i

Published 07 Dec, 2011 05:02am

Energy

Naimi says Saudi pumps 10mn bpd oil in November

SINGAPORE: Top oil exporter Saudi Arabia produced 10 million barrels per day of oil in November, Bloomberg reported, cit

Published 07 Dec, 2011 04:40am

Energy

Brent steady above $110; eyes EU summit, China econ data

SINGAPORE: Brent crude was steady above $110 on Wednesday, as investors turned cautious ahead of a European summit to de

Published 07 Dec, 2011 03:53am

Energy

Oil lower in Asia as eurozone faces S&P downgrade

SINGAPORE: Crude prices were down in Asia Tuesday as the euro retreated against the dollar after Standard & Poor's place

Published 06 Dec, 2011 07:01am

Energy

Saudi says it discovers gas but will not immediately exploit

RIYADH: Saudi Arabia has discovered commercially viable quantities of natural gas in the Red Sea and Empty Quarter, but

Published 05 Dec, 2011 09:27am

Energy

Oil up in Asia on Iranian tensions

SINGAPORE: Oil prices pushed higher in Asian trade Monday after Iran's military reportedly said it had shot down a US dr

Published 05 Dec, 2011 05:08am

Energy

Shell in $6.4bn petchem plant agreement: Qatar

DOHA: Qatar signed a deal with Royal Dutch Shell on Sunday to develop a $6.4 billion petrochemicals complex in Ras Laffa

Published 04 Dec, 2011 03:36pm

Energy

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia on Friday as European debt concerns weighed and data from the US and China show

Published 02 Dec, 2011 04:17am

Energy

Malaysia's Petronas profit up 54.3 percent

KUALA LUMPUR: Malaysian state energy firm Petronas said on Thursday its second-quarter net profit increased 54.3 percent

Published 02 Dec, 2011 04:15am

Energy

Brent stays above $110, Europe worries cap prices

SINGAPORE: Brent crude traded above $110 for the third session on Thursday after the world's major central banks moved t

Published 01 Dec, 2011 05:07am

Energy

Brent stays above $110, boosted by Mideast tensions, Europe bailout

SINGAPORE: Brent crude stayed above $110 as Iran's escalating tensions with the West and a pact by euro zone ministers t

Published 30 Nov, 2011 08:18am

Energy

Japan Oct total oil sales up 0.3pc

TOKYO: Japan's total oil product sales in October rose 0.3 percent from a year earlier, government data showed on Wednes

Published 30 Nov, 2011 08:17am

Energy

Crude edges down in Asia on unexpected US stockpile jump

SINGAPORE: Oil prices dipped in Asian trade Wednesday as an unexpected rise in US crude stockpiles dampened market senti

Published 30 Nov, 2011 03:56am

Energy

India Oct refinery output falls 2.8pc y/y

NEW DELHI: Indian refiners processed 2.8 percent less oil in October from a year ago, the first decline since November 2

Published 29 Nov, 2011 07:35am

Energy

Brent falls below $109, eyes on euro zone meeting

SINGAPORE: Brent fell below $109 on Tuesday after posting its largest gains in a month in the previous session as invest

Published 29 Nov, 2011 05:58am

Energy

Oil prices down in Asia on profit taking

SINGAPORE: Crude prices retreated in Asian trade Tuesday as traders took profits from a rally the day before and Europea

Published 29 Nov, 2011 03:48am

Energy

KNOC says finds extra 11mn bbls crude in Kazakhstan field

SEOUL: Korea National Oil Corp (KNOC) said on Monday that it had discovered an additional 11 million barrels of crude oi

Published 28 Nov, 2011 05:27am

Energy

Oil rallies in Asia as eurozone debt concerns ease

SINGAPORE: Crude prices soared in Asia Monday on reports that the IMF could bail out Italy as European giants France and

Published 28 Nov, 2011 03:59am

Energy

Iraq crude production hits 2.95m bpd

BAGHDAD: Iraq's crude production has reached 2.95 million barrels per day and is expected to hit 3 million by the end of

Published 27 Nov, 2011 04:32pm

Energy

Oil mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Friday as a slump in US crude inventories was offset by economic concern

Published 25 Nov, 2011 04:08am

Energy

Brent oil up above $107 as winter, Mideast support

SINGAPORE: Brent crude rose above $107 on Thursday as potential strong winter fuel demand and turmoil in the Middle East

Published 24 Nov, 2011 04:37am

Energy

Brent oil falls near $108 as US, China growth slows

SINGAPORE: Brent crude fell near $108 on Wednesday as data from the United States and China showed a slowdown in economi

Published 23 Nov, 2011 07:45am

Energy

Crude down in Asia on US, Europe worries

SINGAPORE: Crude prices were lower in Asian trade Wednesday with weak US growth data and debt worries in Europe weighing

Published 23 Nov, 2011 03:53am

Energy

Decreasing gas price worry major producers

DUBAI: Members of Gas Exporting Countries Forum (GECF) ended their 13th ministerial meeting and first summit last week i

Published 22 Nov, 2011 10:40am

Energy

OPEC likely to cut output at December meeting

TOKYO: OPEC will likely decide to cut oil output at its December 14 meeting in Vienna as global oil demand is expected t

Published 22 Nov, 2011 09:07am

Energy

Brent oil steady near $107 on new Iran sanctions

SINGAPORE: Brent crude held near $107 a barrel on Tuesday as fresh sanctions, and the prospect of military action, again

Published 22 Nov, 2011 06:55am

Energy

Fresh Iran sanctions push crude prices up in Asia

SINGAPORE: Crude markets edged higher in Asian trade Tuesday after Western powers slapped new sanctions on Iran, one of

Published 22 Nov, 2011 04:02am

Energy

Crude falls on fears US deficit talks may fail

KUALA LUMPUR: US crude fell more than $1 and Brent crude declined on Monday on concerns that US lawmakers will fail to a

Published 21 Nov, 2011 09:19am

Energy

Oil down in Asia amid European jitters

SINGAPORE: Crude was lower in Asian trade on Monday with traders withdrawing from the market as concerns linger about th

Published 21 Nov, 2011 04:08am

Energy

Crude down in Asia as Spanish bond yields soar

SINGAPORE: Growing fears that Spain would be the next country to fall victim to the eurozone debt crisis dragged crude p

Published 18 Nov, 2011 03:51am

Energy

Brent slips below $111 on Europe's debt worries

SINGAPORE: Brent crude futures slipped more than $1 in early Asian trade on Thursday on concerns about demand growth, as

Published 17 Nov, 2011 04:42am

Energy

Brent slips as Europe debt worries eyed

LONDON: Brent crude fell slightly on Wednesday, hit by lingering worries about Italy and Greece's ability to service the

Published 16 Nov, 2011 11:28am

Energy

Gasoil prompt crack at 5-month high

SINGAPORE: The Asian gasoil market extended gains on Wednesday, with the front-month December crack climbing to its high

Published 16 Nov, 2011 08:25am

Energy

Crude down in Asia on profit taking, stockpile rise

SINGAPORE: Oil dipped into negative territory in Asia on Wednesday amid forecasts of a stockpile rise as traders took pr

Published 16 Nov, 2011 03:53am

Energy

Brent above $112, recoups some losses; Europe weighs

SINGAPORE: Brent crude futures rose above $112 on Tuesday, recouping some of the previous session's fall of more than $2

Published 15 Nov, 2011 06:50am

Energy

Oil up in Asia but capped by lingering Europe fear

SINGAPORE: Oil recovered in Asian trade Tuesday after losses in New York caused by lingering concerns about Europe's deb

Published 15 Nov, 2011 03:49am

Energy

Brent steady above $114 as economic outlook improves

SINGAPORE: Brent crude held above $114 on Monday, extending the gains of the previous week on hopes of steady demand gro

Published 14 Nov, 2011 05:20am

Energy

Oil mixed amid fresh fears on Middle East tensions

SINGAPORE: Oil was mixed in Asian trade Monday as traders weighed the prospects of renewed Middle East tensions after th

Published 14 Nov, 2011 04:00am

Energy

Bangladesh raises fuel prices to cut subsidy

DHAKA: Bangladesh raised fuel prices with effect from Friday, in its third such hike since May, a move that will trim th

Published 11 Nov, 2011 04:50am

Energy

Oil down in Asia on profit taking

SINGAPORE: Oil prices headed down in Asian trade Friday as traders took profits from a heady overnight rally sparked by

Published 11 Nov, 2011 04:01am

Energy

Crude down in Asia, stockpile data gives support

SINGAPORE: Oil prices inched lower in Asian trade Thursday as persistent doubts over the eurozone's debt crisis cast a p

Published 10 Nov, 2011 09:46am

Energy

Oil up in Asia as Berlusconi says will resign

SINGAPORE: Crude rose in Asia Wednesday as markets welcomed Italian Prime Minister Silvio Berlusconi's announcement that

Published 09 Nov, 2011 06:02am

Energy

Crude up in Asia as Greece nears new government

SINGAPORE: Crude prices were up in Asian trade Tuesday as Greece made progress in forging a new government and tensions

Published 08 Nov, 2011 07:40am

Energy

Crude down in Asia on profit-taking

SINGAPORE: Crude prices retreated in Asia Friday as traders took profit from an overnight rally sparked by Greek talk of

Published 04 Nov, 2011 04:20am

Energy

Crude down in Asia on Greece fears

SINGAPORE: Crude prices were lower in Asian trade Wednesday as Greece's surprise announcement of a referendum on its deb

Published 02 Nov, 2011 04:13am

Energy

Crude down in Asia on Greece fears

SINGAPORE: Crude prices were lower in Asian trade Wednesday as Greece's surprise announcement of a referendum on its deb

Published 02 Nov, 2011 04:13am

Energy

Oil prices down in Asian trade

SINGAPORE: World oil prices extended losses Tuesday amid market volatility after a US brokerage firm filed for bankruptc

Published 01 Nov, 2011 05:07am

Energy

Oil higher in Asian trade

SINGAPORE: Crude prices were higher in Asian trade Monday as the market continued to be cheered by Europe's debt rescue

Published 31 Oct, 2011 04:37am

Energy

Rasgas renews LNG deal with EDF

DOHA: Qatar's Rasgas has extended a long-term deal to supply France's EDF with up to 3.4 million tonnes of liquefied nat

Published 30 Oct, 2011 02:07pm

Energy

World oil prices ease in Asian trade

SINGAPORE: World oil prices declined in Asian trade Friday as the market consolidated from strong gains after European l

Published 28 Oct, 2011 04:16am

Energy

Brent crude up more than $2 on EU rescue plans

SINGAPORE : Brent crude rose $2.03 to $110.94 per barrel after European leaders struck a deal with private holders of Gr

Published 27 Oct, 2011 11:32am

Energy

Crude up in Asia on Europe debt deal

SINGAPORE: Crude prices rose in Asian trade Thursday as Europe sealed a "blockbuster" deal to contain its debt crisis, a

Published 27 Oct, 2011 05:25am

Energy

Crude slips in Asia ahead of European debt summit

SINGAPORE: Crude markets edged lower in Asia on Wednesday as skittish traders stayed out of the market ahead of a key Eu

Published 26 Oct, 2011 04:48am

Energy

China's refinery expansion plans

BEIJING: Sinopec Corp , Asia's largest refiner, is adding a 160,000-barrel-per-day crude unit at its east China subsidia

Published 26 Oct, 2011 04:30am

Energy

Crude mixed in Asia ahead of European summit

SINGAPORE: Crude prices were mixed in Asian trade Tuesday as traders awaited a midweek European summit on resolving the

Published 25 Oct, 2011 04:30am

Energy

MRPL aims higher refinery capacity by 2015-16: India

NEW DELHI: India's state-run Mangalore Refinery and Petrochemicals is aiming to raise refinery capacity to 18 million to

Published 21 Oct, 2011 03:21pm

Energy

Oil higher in Asia ahead of key eurozone summit

SINGAPORE: Oil rose in Asia Friday as investors look to upcoming summits aimed at resolving Europe's debt crisis, while

Published 21 Oct, 2011 04:39am

Energy

Brent crude slips below $108 on Europe woes

SINGAPORE: Brent crude slipped below $108 on Thursday, after plunging 2.5 percent in the previous session on worries tha

Published 20 Oct, 2011 07:48am

Energy

Brent dips below $111, Spain downgrade weighs

SINGAPORE : Brent crude dropped below $111 on Wednesday as concerns over demand growth weighed after Moody's Investors S

Published 19 Oct, 2011 12:04pm

Energy

Crude mixed in Asia after Wall Street gains

SINGAPORE: Oil prices were mixed but well-supported in Asian trade Wednesday thanks to buoyant gains on Wall Street and

Published 19 Oct, 2011 06:16am

Energy

Brent slips below $110 as China growth slows

SINGAPORE: Brent crude futures fell below $110 on Tuesday, after China's economy grew a shade below expectations in the

Published 18 Oct, 2011 05:44am

Energy

Thailand gas oil exports up after floods reduce demand

SINGAPORE: Thailand's gas oil exports more than doubled from June to August as the country's worst floods in 50 years re

Published 17 Oct, 2011 08:51am

Energy

Taiwan August crude imports down 49pc from July

SINGAPORE : Taiwan 's August crude imports dropped 49 percent from the month before, as refinery outages slashed demand

Published 17 Oct, 2011 06:50am

Energy

Crude up in Asia

SINGAPORE : Europe's weekend vow of a decisive resolution to its debt crisis and hopes that the US' spending cuts plan

Published 17 Oct, 2011 04:08am

Energy

Saudi Aramco opens new gas grid for Yanbu industry

KHOBAR: Saudi Aramco has inaugurated a new gas network able to feed around 15 million cubic feet per day (cfd) of natura

Published 16 Oct, 2011 02:24pm

Energy

China's CNOOC cleaning up after another oil spill

BEIJING: Chinese oil giant CNOOC said Sunday it has suspended production at a platform off northeastern China after a ru

Published 16 Oct, 2011 04:25am

Energy

China says oil throughout rises 1.2pc y/y in Q3

SHANGHAI: China's oil throughput in the third quarter rose 1.2 percent to 99.72 million tonnes from the year-earlier qua

Published 15 Oct, 2011 05:13am

Energy

Crude down in Asia on China demand fears

SINGAPORE: Oil prices fell on demand fears in Asia Friday after a weak batch of trade data from China, the world's bigge

Published 14 Oct, 2011 04:02am

Energy

Crude down in Asia ahead of US stockpile report

SINGAPORE: Crude prices were down in Asia Thursday as nervous traders withdrew from the market ahead of a weekly US stoc

Published 13 Oct, 2011 05:03am

Energy

Crude down in Asia

SINGAPORE: Crude prices were down in Asian trade Wednesday after OPEC lowered its global oil demand forecast for 2012 an

Published 12 Oct, 2011 04:32am

Energy

Brent slips below $108 on euro bank woes, dollar

SINGAPORE: Brent crude oil fell more than $1 to below $108 per barrel on Tuesday on concerns over the health of the euro

Published 11 Oct, 2011 11:29am

Energy

Crude mixed in Asia

SINGAPORE: Crude prices were mixed in Asia Tuesday as traders cheered on a Franco-German debt rescue commitment and expo

Published 11 Oct, 2011 05:42am

Energy

China resource tax goes nationwide

BEIJING : China will extend a resource tax on domestic sales of crude oil and natural gas from some regions to the who

Published 10 Oct, 2011 03:48pm

Energy

Crude up in Asia after France-Germany agreement

SINGAPORE: Crude prices were up in Asia Monday as traders took heart from France and Germany's announcement that they ha

Published 10 Oct, 2011 04:16am

Energy

China to lower fuel prices by 3pc, 1st cut this year

BEIJING: China will cut retail ceiling prices for gasoline and diesel by about 3 percent from Sunday, the first price cu

Published 08 Oct, 2011 10:17am

Energy

Malaysia says 2012 crude oil output may rise 3.3pc

KUALA LUMPUR: Malaysia's crude oil production is seen rising 3.3 percent in 2012, reversing a decline this year, and liq

Published 07 Oct, 2011 08:03am

Energy

Oil lower in Asian trade on profit-taking

SINGAPORE : Oil fell in Asian trade on Friday as investors took profits after sharp overnight gains, analysts said. N

Published 07 Oct, 2011 04:31am

Energy

Key policies to energy sector: Thailand

BANGKOK : Thailand aims to revive its stalled "land bridge" plan to further its ambition to be a Southeast Asian hub f

Published 06 Oct, 2011 12:25pm

Energy

Oil lower in Asian trade on profit-taking

SINGAPORE: Oil fell in Asia on profit-taking Thursday following a rally overnight, with persistent concerns over the US

Published 06 Oct, 2011 04:43am

Energy

Brent crude back above $100 in Asian trade

SINGAPORE: Brent crude bounced back above $100 in Asian trade Wednesday as traders went bargain-hunting after oil prices

Published 05 Oct, 2011 04:12am

Energy

Brent oil target of $99/bbl unchanged

SINGAPORE: A bearish target at $99 per barrel remains intact for Brent oil, as pointed at by a big triangle. It seems o

Published 04 Oct, 2011 04:32am

Energy

Crude follows Asia bourses down as US dollar rises

SINGAPORE: Crude prices followed equities down in Asian trade Monday as a strengthening greenback weighed on oil markets

Published 03 Oct, 2011 06:28am

Energy

Iran, Saudi Arabia looks balanced oil market

DUBAI : Global oil market supply and demand is balanced, OPEC rivals Saudi Arabia and Iran said at the weekend after

Published 02 Oct, 2011 04:18pm

Energy

South Korea Sept prelim crude import data shows 8.2pc rise y/y

SEOUL: South Korea's crude oil imports in September rose 8.2 percent from a year earlier, tentative customs figures rele

Published 02 Oct, 2011 06:13am

Energy

Oil up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Friday after German lawmakers passed an expansion of the eurozone's rescue fun

Published 30 Sep, 2011 04:23am

Energy

Oil extends losses in Asian trade

SINGAPORE: World oil prices extended their decline in Asian trade Thursday on data showing weak demand in the United Sta

Published 29 Sep, 2011 05:18am

Energy

Japan's JX plans Oct crude refining down 3pc y/y

TOKYO: Japan's top oil refiner JX Nippon Oil & Energy Corp plans to refine 5.30 million kilolitres of crude oil in Octob

Published 28 Sep, 2011 06:27am

Energy

US oil rebound to end below $85.40/bbl

SINGAPORE: The current rebound of US oil is expected to end below $85.40 per barrel, as indicated by its wave pattern an

Published 28 Sep, 2011 04:06am

Energy

Bangladesh finds new 1 tcf gas reserves in onshore field

DHAKA: State-run Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) have discovered an additional 1

Published 27 Sep, 2011 08:51am

Energy

Crude up in Asia on hopes of robust eurozone action

SINGAPORE: Rumours of eurozone nations boosting a bailout fund and taking bold steps to rescue debt-straddled nations li

Published 27 Sep, 2011 04:13am

Energy

Vietnam 2012 oil output to rise 6.7pc y/y

HANOI: Vietnam is expected to raise its crude oil output by 6.7 percent next year to 16 million tonnes, drawing more fro

Published 26 Sep, 2011 05:16am

Energy

US crude above $80 in Asia

SINGAPORE: US crude inched above $80 in Asian trade Monday as traders took heart from the eurozone's indication they wou

Published 26 Sep, 2011 04:47am

Energy

US crude above $80 in Asia

SINGAPORE: US crude inched above $80 in Asian trade Monday as traders took heart from the eurozone's indication they wou

Published 26 Sep, 2011 04:47am

Energy

India August fuel sales up 1.8pc y/y, oil imports up 5.6pc

NEW DELHI : India 's local oil product sales in August grew an annual 1.8 percent, its slowest pace since November, as

Published 24 Sep, 2011 01:19pm

Energy

Vietnam Sept crude oil output rises 1.3pc y/y

HANOI: Vietnam produced an estimated 1.26 million tonnes, or 307,900 barrels per day (bpd), of crude oil in September, a

Published 24 Sep, 2011 04:44am

Energy

India shrugs off China warnings on oil exploration

NEW DELHI : Shrugging off Chinese warnings, India 's state-run oil firm ONGC said on Friday it would press ahead with l

Published 23 Sep, 2011 08:21pm

Energy

India MRPL sells 80,000T low-density fuel oil at 7-month high premium

SINGAPORE: Indian refiner Mangalore Refineries & Petrochemicals Ltd (MRPL) sold 80,000 tonnes of low-density, low-water

Published 23 Sep, 2011 07:32am

Energy

Oil rebounds on bargain hunting

SINGAPORE : Oil prices rose in Asian trade Friday as bargain hunters sought cheaper crude following recent steep falls,

Published 23 Sep, 2011 04:04am

Energy

Brent crude falls more than $1 on grim economic outlook

SINGAPORE : Brent crude slumped more than $1 on Thursday on concerns oil consumption may fall as steps announced by the

Published 22 Sep, 2011 11:24am

Energy

Oil tumbles as dollar strengthens on Fed move

SINGAPORE: Oil tumbled in Asian trade Thursday on a stronger dollar as investors flocked to the safe-haven currency afte

Published 22 Sep, 2011 04:47am

Energy

Brent oil neutral while hovering about $110.42

SINGAPORE : Brent oil turned neutral as it hovers around $110.42 per barrel, the neckline of a double-top pattern. Th

Published 21 Sep, 2011 03:57am

Energy

Brent crude steady above $109, euro zone woes weigh

SINGAPORE : Brent crude futures steadied above $109 on Tuesday, after two days of heavy losses on worries that a looming

Published 20 Sep, 2011 11:39am

Energy

Oil prices mixed as economic worries weigh

SINGAPORE : Oil prices were mixed in Asian trade Tuesday as a downgrade by Standard & Poor's of Italy 's sovereign debt

Published 20 Sep, 2011 07:30am

Energy

Saudi pumped 9.606mn bpd of crude in July

DUBAI : Leading oil exporter Saudi Arabia produced 9.606 million barrels a day (bpd) of crude in July, 207,000 bpd les

Published 19 Sep, 2011 08:28am

Energy

IEA has assured OPEC no more oil stock shocks

DUBAI : The International Energy Agency (IEA) has assured oil exporters' group OPEC that it will not repeat June's oil s

Published 19 Sep, 2011 06:30am

Energy

Oil down in Asian trade

SINGAPORE : Oil prices fell sharply in Asian trade Monday, with investors still worried over the debt crisis in the euro

Published 19 Sep, 2011 04:19am

Energy

BP trying to raise Iraq oil output, not in contract talks

ABU DHABI : British oil major BP remains committed to reaching its oil production targets at Iraq 's huge Rumaila field

Published 18 Sep, 2011 02:28pm

Energy

Santos to begin drilling in Bangladesh sea

DHAKA : Australian oil and energy firm Santos will begin drilling in the coastal waters off Bangladesh this week to

Published 18 Sep, 2011 01:33pm

Energy

Essar Energy eyeing oil, gas assets overseas: report

MUMBAI: Essar Energy is in talks with global oil majors including Exxon Mobil, Chevron, Shell and ConocoPhilips to acq

Published 16 Sep, 2011 04:22am

Energy

Oil up in Asian trade

SINGAPORE : Oil prices were up in Asian trade Friday but the weak US economy weighed on the mood after a clutch of cen

Published 16 Sep, 2011 04:04am

Energy

Petrol prices raise by oil firms around 5pc: India

MUMBAI: State-run Indian oil firms will raise petrol prices by nearly 5 percent from Friday, a move that eases their sub

Published 15 Sep, 2011 02:02pm

Energy

Goldman Sachs tips oil to hit $130 in 12 months

SINGAPORE : Oil prices will likely rise to about $130 a barrel in the next 12 months as demand in emerging markets such

Published 15 Sep, 2011 08:47am

Energy

Oil down in Asia, New York crude falls below $90

SINGAPORE : Oil prices were lower in Asian trade Wednesday, with investor sentiment weighed down by fears over Greece's

Published 14 Sep, 2011 04:14am

Energy

Oil tumbles in Asia on eurozone debt fears

SINGAPORE: Crude prices sank in Asia on Monday as eurozone debt fears were compounded by disunity within the European Ce

Published 12 Sep, 2011 06:21am

Energy

Lower plateau oil output target: Iraq

AMMAN: Iraq's Oil Minister Abdul-Kareem Luaibi said on Sunday an 8-8.5 million barrels per day plateau production target

Published 11 Sep, 2011 02:23pm

Energy

Iraqi Kurdistan halts oil exports

AMMAN : Iraq 's semi-autonomous northern Kurdish region halted oil exports on Sunday, Iraq 's oil minister said. "T

Published 11 Sep, 2011 11:14am

Energy

China Aug oil demand up 7.8pc on year, but slowest this year

BEIJING : China's implied oil demand in August slipped to the lowest rate this year as plant maintenances and accidents

Published 10 Sep, 2011 05:05am

Energy

Oil up in Asia as US crude inventory falls

SINGAPORE: Crude prices were up in Asian trade on Friday, boosted by data showing a drop in US oil stocks, analysts said

Published 09 Sep, 2011 06:16am

Energy

Brent rises above $113 on lower US crude stocks forecast

SINGAPORE: Brent crude rose above $113 a barrel for the second consecutive day on Wednesday, boosted by expectations of

Published 07 Sep, 2011 12:02pm

Energy

Crude up in Asia on US hurricane worries

SINGAPORE : Crude prices were up in Asian trade on Wednesday as the US hurricane season threatened to disrupt supply to

Published 07 Sep, 2011 04:50am

Energy

New York crude below $85 in Asia

SINGAPORE: New York crude prices plunged below $85 in Asian trade Tuesday as eurozone debt worries and weak Chinese serv

Published 06 Sep, 2011 04:56am

Energy

Crude falls in Asia

SINGAPORE : Crude fell in Asian trade Monday as concerns over the US and Chinese economy put a damper on prices, analyst

Published 05 Sep, 2011 04:36am

Energy

Kuwait oil output above 2.8mn bpd: minister

DUBAI : Kuwait produced more than 2.8 million barrels a day (bpd) of oil throughout August state news agency Kuna repo

Published 04 Sep, 2011 11:50am

Energy

Iran says India paid all $5bn oil debt

TEHRAN: India has paid off all oil debts accumulated this year due to a sanctions-related problem, Central Bank Governor

Published 04 Sep, 2011 08:13am

Energy

Indian state seeks to tax big iron ore profits

BHUBANESWAR: India's biggest iron ore producing state has sought a new tax on mining profits and a higher royalty on ste

Published 03 Sep, 2011 02:24pm

Energy

Oil mixed in Asia

SINGAPORE : Oil prices were mixed in Asia on Friday ahead of the release of a key US economic report, and as a powerful

Published 02 Sep, 2011 05:41am

Energy

Oil higher in Asia on Chinese, Australian data

SINGAPORE : Oil prices rose in Asia Thursday on positive Chinese and Australian data, analysts said. New York 's main

Published 01 Sep, 2011 06:43am

Energy

Brent stays near $114 on US stimulus hopes

SINGAPORE: Brent crude hovered at $114 a barrel on Wednesday after posting six days of gains on expectations the United

Published 31 Aug, 2011 11:50am

Energy

Crude prices mixed in Asia

SINGAPORE : Oil prices were mixed in Asian trade Wednesday as forecasts of a spike in US crude stockpiles were offset by

Published 31 Aug, 2011 05:57am

Energy

Oil higher in Asian trade on US optimism

SINGAPORE : Oil advanced in Asian trade Tuesday on hopes that the US economy will be able to find a way out of its slump

Published 30 Aug, 2011 04:28am

Energy

Crude falls in Asia in US storm's wake

SINGAPORE: Crude prices fell in Asian trade on Monday, with energy demand hit by the closure of refineries and airport

Published 29 Aug, 2011 03:33am

Energy

Qatargas plans several LNG outages in autumn

DUBAI : Qatargas will stop three of the world's biggest liquefied natural gas (LNG) producing plants at different times

Published 28 Aug, 2011 03:05pm

Energy

Kazakhstan sees oil export duty flat until 2014

ASTANA: Kazakhstan , the largest oil producer in Central Asia , plans to retain its crude export duty at a maximum $40

Published 27 Aug, 2011 11:05am

Energy

Kazakhstan sees oil export duty flat until 2014

ASTANA: Kazakhstan , the largest oil producer in Central Asia , plans to retain its crude export duty at a maximum $40

Published 27 Aug, 2011 09:23am

Energy

Oil mixed in Asian trade

SINGAPORE : Oil was mixed in Asian trade Friday amid muted trading interest as investors awaited for a key speech by US

Published 26 Aug, 2011 04:03am

Energy

PetroChina in Dushanzi refinery overhaul: Sources

BEIJING: PetroChina has started maintaining its 200,000 barrel-per-day (bpd) Dushanzi refinery from Aug. 9, scrapping a

Published 25 Aug, 2011 08:52am

Energy

Oil higher ahead of Bernanke speech

SINGAPORE: Oil was higher in Asian trade on Thursday ahead of a speech by US Federal Reserve chief Ben Bernanke, analyst

Published 25 Aug, 2011 05:11am

Energy

Brent crude above $109; hopes on Fed to inject stimulus

SINGAPORE : Brent crude prices steadied above $109 on Wednesday as investors pinned their hopes on the US Federal Reserv

Published 24 Aug, 2011 10:36am

Energy

Brent crude nears $110 on Libya crisis

SINGAPORE : Brent crude rose higher to nearly $110 a barrel in Asian trade Wednesday, underpinned by the crisis in oil-r

Published 24 Aug, 2011 04:28am

Energy

Stockpiles down as US oil nears $85.60 per barrel

SINGAPORE : U.S. crude rose above $1 towards $85.60 a barrel on expectations of a drop in stockpiles and ongoing tensi

Published 23 Aug, 2011 08:09am

Energy

Asian gas oil eases on Formosa restart

SINGAPORE : The Asian gas oil market eased on Tuesday, with both its prompt timespreads and crack slipping, as news of p

Published 23 Aug, 2011 08:02am

Energy

Malaysia eyes first gas in 2013 for $5.1bn project

KUALA LUMPUR : National energy company Petronas will develop a $5.1 billion gas project off Malaysia 's east coast with

Published 23 Aug, 2011 07:53am

Energy

Oil mixed in Asia as traders eye Libya crisis

SINGAPORE: Crude prices see-sawed in Asian trade Tuesday as traders monitored the crisis in Libya with rebels claiming v

Published 23 Aug, 2011 04:51am

Energy

Brent drops more than $3, eyes on Libyan oil flow

SINGAPORE : Brent crude dropped more than $3 on Monday to below $106 a barrel on the potential for a resumption of expor

Published 22 Aug, 2011 09:17am

Energy

Brent crude down as Libya rebels enter Tripoli

SINGAPORE : Brent crude fell in Asian trade Monday as rebels seized parts of Libya's capital and the fate of leader Moam

Published 22 Aug, 2011 03:42am

Energy

Iran says India to settle oil debt in a week: Report

TEHRAN : Indian refiners will settle all oil debts to Iran by the end of this month, a business daily reported on Sund

Published 21 Aug, 2011 09:38am

Energy

Sinopec starts up refining unit in Iran's Arak plant

BEIJING: Sinopec Engineering Inc. (SEI), an arm of Sinopec Group, started up a unit this week in Iran's Arak refinery, o

Published 19 Aug, 2011 08:48am

Energy

Oil prices extend losses in Asian trade

SINGAPORE : Oil prices extended losses in Asian trade Friday as the latest economic data further shook confidence in the

Published 19 Aug, 2011 04:13am

Energy

Brent crude slips on euro zone woes, firm dollar

SINGAPORE : Brent crude fell 0.2 percent on Thursday, staying below $111 a barrel on Thursday as ongoing concerns over

Published 18 Aug, 2011 10:56am

Energy

Oil down in Asian trade

SINGAPORE : Crude prices were lower in Asian trade Thursday as investors awaited more data indicating the health of the

Published 18 Aug, 2011 06:08am

Energy

Coal India becomes nation's most valuable company

MUMBAI: Mining heavyweight Coal India overtook energy giant Reliance Industries on Wednesday to become India 's bigge

Published 17 Aug, 2011 07:12pm

Energy

Oil hits top Philippine carrier's interim profit

MANILA: Top Philippine carrier Cebu Pacific saw its first half net profit plunge 22.9 percent, due mainly to a huge spik

Published 17 Aug, 2011 08:40am

Energy

Oil prices higher in Asian trade

SINGAPORE : Oil prices were higher in Asian trade Wednesday but sentiment was subdued after the meeting of French and Ge

Published 17 Aug, 2011 04:06am

Energy

Iraq oil exports at 2.2mn bdp now

BAGHDAD : Iraq 's oil exports for August currently average 2.2 million barrels per day, Oil Minister Abdul-Karim Luaibi

Published 16 Aug, 2011 07:49pm

Energy

Oil down in Asian trade ahead of Paris meeting

SINGAPORE: Oil prices dipped in Asian trade Tuesday ahead of a meeting between the German and French leaders on how to d

Published 16 Aug, 2011 05:41am

Energy

Petrovietnam targets to 34mn T oil, gas by 2015

HANOI : The Vietnamese government has given approval for state oil group Petrovietnam to produce between 23 million and

Published 15 Aug, 2011 04:09pm

Energy

Indonesia re-issues tender seeking sweets

SINGAPORE : Petral, the trading unit of Indonesian state-run energy firm Pertamina, has re-issued a tender seeking sweet

Published 15 Aug, 2011 11:12am

Energy

Oil higher in Asian trade

SINGAPORE : Oil prices were higher in Asian trade Monday, lifted by buoyancy in regional stock markets but analysts said

Published 15 Aug, 2011 04:28am

Energy

Indian firms have paid first installment of Iran oil debts: Mukherjee

Normal 0 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ ta

Published 12 Aug, 2011 07:33am

Energy

Indian firms have paid first installment of Iran oil debts: Mukherjee

NEW DELHI : Indian firms have paid the first instalment of their Iran oil debts, Finance Minister Pranab Mukherjee tol

Published 12 Aug, 2011 07:33am

Energy

Crude down in Asian trade

SINGAPORE: Oil tumbled in Asian trade Friday due to a stronger dollar as global financial markets remained on edge on wo

Published 12 Aug, 2011 03:47am

Energy

Crude mixed reaction in Vietnam, Russia

SINGAPORE : Sentiment for sweet crude was mixed in Asia on Thursday after Vietnam likely sold term Rang Dong at a hi

Published 11 Aug, 2011 11:19am

Energy

Crude down in Asian trade

SINGAPORE : Crude prices edged down in Asian trade on Thursday, taking a cue from diving global equities markets worried

Published 11 Aug, 2011 06:31am

Energy

Crude rises in Asia in tandem with Asian equities

SINGAPORE : Crude futures soared in Asian trade Wednesday, mirroring Asian equities markets encouraged by the US Federal

Published 10 Aug, 2011 04:26am

Energy

Oil sinks in Asian trade, WTI below $80

SINGAPORE: New York crude sank below $80 in Asian trade Tuesday and its Brent counterpart briefly dropped under $100 as

Published 09 Aug, 2011 04:57am

Energy

Oil sinks in Asian trade, Brent below $100

SINGAPORE : Brent crude sank below $100 a barrel in Asian trade Tuesday, following its New York counterpart lower as mar

Published 09 Aug, 2011 03:34am

Energy

Oil sinks in Asia after US rating downgrade

SINGAPORE : Crude prices fell more than two percent in Asia Monday, with sentiment hit by Standard & Poor's decision las

Published 08 Aug, 2011 03:44am

Energy

Iran to develop shared fields with $40bn

TEHRAN : Iran will need some $40 billion this year to spur the development of oil and gas fields it shares with neighb

Published 06 Aug, 2011 10:45am

Energy

Oil prices down in Asian trade

SINGAPORE : Oil prices fell in Asian trade Friday after plunging more than five percent overnight as the weakening globa

Published 05 Aug, 2011 03:55am

Energy

Crude up in Asia on bargain hunting

SINGAPORE : Oil prices were up in Asia on Thursday as investors hunted for bargains after crude markets plunged in late

Published 04 Aug, 2011 05:17am

Energy

Oil lower in Asia on concerns over US debt profile

SINGAPORE : Oil fell in Asian trade on Wednesday on lingering concerns over the long-term health of the US economy, desp

Published 03 Aug, 2011 03:26am

Energy

Crude higher in Asian trade

SINGAPORE: Crude prices inched higher in Asia Tuesday with markets taking a breather after volatile trade a day ago as

Published 02 Aug, 2011 05:27am

Energy

Crude surges in Asia as US reaches debt deal

SINGAPORE : Crude oil markets rallied in Asian trade on Monday amid relief at the announcement of an elusive US debt dea

Published 01 Aug, 2011 03:41am

Energy

PetroRabigh says gasoline unit back online

KHOBAR: Saudi-based PetroRabigh said on Sunday it has restarted its gasoline-making unit which had been shut for mainten

Published 31 Jul, 2011 03:21pm

Energy

Brent holds above $117; investors eye US debt deal

SINGAPORE : Oil was heading on Friday for its first monthly rise in three as investors focused on forecasts of improved

Published 29 Jul, 2011 06:45am

Energy

Crude down in Asia over US debt impasse

SINGAPORE : Crude prices were down in Asian trade Thursday, with investors fretting over the state of the US economy as

Published 28 Jul, 2011 07:16am

Energy

Oil mixed as debt worries cloud investor mood

SINGAPORE : Oil was mixed in Asian trade Wednesday with investor sentiment clouded by Europe 's debt woes and the deadl

Published 27 Jul, 2011 05:59am

Energy

Saudi sells India more crude after Iran cuts supply: sources

NEW DELHI: Top exporter Saudi Arabia approved sales of 3 million barrels of extra crude to India for August to make up f

Published 26 Jul, 2011 08:07am

Energy

US Oil steady above $99 as Obama urges compromise to avoid default

SINGAPORE : Oil prices held steady as President Barack Obama urged Republican and Democratic leaders to reach a fair com

Published 26 Jul, 2011 04:38am

Energy

Oil lower on US debt concerns

SINGAPORE: Oil fell in Asian trade Monday on concerns over a possible US default if President Barack Obama and lawmakers

Published 25 Jul, 2011 06:13am

Energy

Iraq starts 37,000 bpd output at al-Ahdab

AL-AHDAB OILFIELD: Iraq started production on Saturday in the first phase of its CNPC-operated al-Ahdab oilfield at 37

Published 23 Jul, 2011 04:09pm

Energy

Greek bailout lifts crude prices in Asia

SINGAPORE : Crude prices were up in Asian trade on Friday as US equities rallied on news that eurozone leaders had clinc

Published 22 Jul, 2011 06:31am

Energy

Crude prices mixed in Asia

SINGAPORE : Crude prices were mixed in Asian trade Thursday as dealers await the outcome of eurozone crisis talks aimed

Published 21 Jul, 2011 05:41am

Energy

Oil rises on US debt talks; awaits EIA data

SINGAPORE : Oil rose on Wednesday, supported by hopes of a US debt deal, a weakening dollar against the euro and tight

Published 20 Jul, 2011 05:01am

Energy

Taiwan's oil company to invest $1.18bn a year

TAIPEI : Taiwan's state-run Chinese Petroleum Corp (CPC) said Tuesday it will invest Tw$34 billion ($1.18 billion) annua

Published 19 Jul, 2011 07:59am

Energy

Crude up in Asia on bargain-hunting

SINGAPORE : Oil markets rose in Asia on Tuesday as traders snapped up cheap crude after European and US debt woes pu

Published 19 Jul, 2011 05:22am

Energy

Bangladesh to spend $6.17bn on oil imports

DHAKA: Bangladesh will spend $6.17 billion on importing oil in the 2011-12 fiscal year, more than double the previous ye

Published 17 Jul, 2011 11:18am

Energy

PetroChina Dalian shuts 200,000 bpd CDU after fire

BEIJING : PetroChina has shut down a 200,000 barrel-per-day crude distillation unit at its Dalian refinery after a fi

Published 17 Jul, 2011 07:01am

Energy

Oil firms in China come under fire

BEIJING : Chinese netizens and a state press report on Sunday questioned safety standards at oil firms after a fire erup

Published 17 Jul, 2011 05:34am

Energy

Russia oil venture to raise output by 2015

HANOI : Vietnam-Russia oil venture, Vietsovpetro, plans to raise its output to 7 million tonnes, or 140,600 barrels per

Published 16 Jul, 2011 04:25am

Energy

Crude edges higher as dollar weakens

SINGAPORE : Oil edged higher on Friday as the dollar weakened, capping a volatile week marked by concern about the euro

Published 15 Jul, 2011 04:17am

Energy

Oil halts rally as concern grows about US deficit

SINGAPORE : Oil slipped on Thursday on growing concerns about the budget deficit and credit rating of top consumer the

Published 14 Jul, 2011 06:10am

Energy

BD offers to sell 170,000bbls naphtha

DHAKA : State-owned Bangladesh Petroleum Corporation (BPC) has offered to sell 170,000 barrels of open-specification nap

Published 13 Jul, 2011 02:20pm

Energy

A front line oil security in Iraq

ZUBAIR: A member of the oil police walks beside a pipeline stretched like a silver thread across the vast, burning deser

Published 13 Jul, 2011 11:22am

Energy

Japan PM to outline nuclear phase-down plan

TOKYO : Japan Prime Minister Naoto Kan was due on Wednesday to outline his plan to reduce the country's reliance on nucl

Published 13 Jul, 2011 08:39am

Energy

China orders US oil giant to halt rigs after spill

BEIJING : China said Wednesday it had ordered US oil giant ConocoPhillips to immediately stop operations at several rigs

Published 13 Jul, 2011 08:30am

Energy

Bangladesh offers to sell 170,000bbls naphtha

DHAKA : State-owned Bangladesh Petroleum Corporation (BPC) has offered to sell 170,000 barrels of open-specification nap

Published 13 Jul, 2011 08:19am

Energy

Crude falls on US inventories, Ireland downgrade

SINGAPORE : Oil fell on Wednesday after an industry report showed a surprise gain in US crude inventories and the down

Published 13 Jul, 2011 04:30am

Energy

Oil drops on China, US economy concerns

SINGAPORE : Oil fell for a second day on Monday after a drop in China 's crude imports and disappointing US employmen

Published 11 Jul, 2011 04:32am

Energy

Iran to spend $18bn on south oil

DUBAI : Iran plans to invest $18 billion by 2015 to boost output the oil-rich south and expects its Yadavaran field to

Published 10 Jul, 2011 02:23pm

Energy

Oil down in afternoon Asian trade

SINGAPORE : Oil fell in Asian trade on Friday afternoon as dealers took profits from a recent rally, analysts said.

Published 08 Jul, 2011 06:23am

Energy

Crude extends gain after $2 rally on US data

TOKYO : US crude futures firmed on Friday, extending a jump by more than $2 per barrel a day earlier on encouraging U

Published 08 Jul, 2011 05:16am

Energy

Crude gains after US crude stocks decline

TOKYO : US crude futures rose firmly to above $97 a barrel on Thursday after industry data showed declines in US crude

Published 07 Jul, 2011 04:14am

Energy

India may pay around $6.8bn in fuel subsidy

NEW DELHI: India is likely to pay an additional around 300 billion rupees ($6.8 billion) than budgeted in 2011-12 to sta

Published 06 Jul, 2011 01:40pm

Energy

Saudi Aramco to delay naphtha shipments

KHOBAR: Saudi Aramco will delay naphtha shipments from its Rabigh refinery by about five days, but the reasons for it we

Published 06 Jul, 2011 01:17pm

Energy

Brent crude rises on tighter supply prospects

SINGAPORE : Brent crude edged up on Wednesday, rising for a second straight session on expectations of higher demand in

Published 06 Jul, 2011 05:15am

Energy

China probes ConocoPhillips over oil spill

BEIJING: China said Tuesday it was investigating US oil giant ConocoPhillips' role in a spill off its eastern coast that

Published 05 Jul, 2011 11:50am

Energy

Brent falls on economic concerns, firm dollar

SINGAPORE: Brent crude was lower on Tuesday, weighed down by lingering concerns over the health of the global economy, t

Published 05 Jul, 2011 10:49am

Energy

Oil lower in quiet Asia trade

SINGAPORE : Oil prices fell in Asia on Tuesday in thin trading after US markets were closed for the Independence Day

Published 05 Jul, 2011 05:24am

Energy

Oil up in Asia

SINGAPORE: Oil was up in Asia on Tuesday in thin trading after US markets were closed for the Independence Day public ho

Published 05 Jul, 2011 04:53am

Energy

Oil higher as Greece avoids default

SINGAPORE : Oil rose in Asian trade Monday after eurozone finance ministers cleared the way for debt-hit Greece to rec

Published 04 Jul, 2011 06:25am

Energy

Oil higer as Greece avoids default

SINGAPORE : Oil was higher in Asian trade Monday after eurozone finance ministers cleared the way for debt-hit Greece

Published 04 Jul, 2011 03:56am

Energy

Crude edges up on weaker dollar, trade seen slim

TOKYO : US crude futures edged up on Monday in electronic trading, helped by the dollar's weakness, but trade was expe

Published 03 Jul, 2011 11:40pm

Energy

Keppel uses option for $184mn rig

SINGAPORE : Keppel Corp., the world's largest oil rig builders, said on Sunday a unit of Singapore-listed Mermaid Mariti

Published 03 Jul, 2011 11:56am

Energy

Saudis may cut OSPs to lure Asian buyers

SINGAPORE : Top exporter Saudi Arabia is unlikely to cut crude prices deeply e nough in August to lure Asian refiners

Published 01 Jul, 2011 02:06pm

Energy

Oil falls in Asian trade on profit-taking

SINGAPORE : Oil fell in Asian trade Friday as investors locked in profits from recent price rises as a result of easing

Published 01 Jul, 2011 05:18am

Energy

India's fuel oil exports fall 20pc

SINGAPORE : India's fuel oil exports for July fell 20 percent to 400,000-450,000 tonnes from a month earlier, following

Published 30 Jun, 2011 12:52pm

Energy

Oil mixed in Asian trade after Greek cuts

SINGAPORE : Oil was mixed in Asian trade Thursday following a sharp surge overnight after Greece's parliament passed sev

Published 30 Jun, 2011 06:59am

Energy

Vietnam June crude oil output dips 2.8pc y/y

HANOI : Vietnam produced an estimated 1.17 million tonnes, or 285,900 barrels per day (bpd), of crude oil in June, dow

Published 29 Jun, 2011 08:17am

Energy

Oil eases in Asian trade

SINGAPORE : Oil fell in Asian trade Wednesday as investors took profits from sharp gains the previous day on hopes Gree

Published 29 Jun, 2011 04:05am

Energy

Abu Dhabi cuts supplies

SINGAPORE : The United Arab Emirates unexpectedly reduced allocations to Asian term buyers on Tuesday, as values of

Published 28 Jun, 2011 03:51pm

Energy

Oil turns lower in Asian trade

SINGAPORE: Oil turned lower in Asian trade on Tuesday as Greek workers launched general strikes in protest over tough au

Published 28 Jun, 2011 06:40am

Energy

Oil rebounds in Asian trade

SINGAPORE: Oil rebounded in Asia on Tuesday but prices remained under pressure as Greek workers prepared for a general s

Published 28 Jun, 2011 04:01am

Energy

Oil extends losses in Asian trade

SINGAPORE : Oil fell in Asian trade Monday on lingering fears of a financial default by debt-ridden Greece and the Int

Published 27 Jun, 2011 03:41am

Energy

Gas pipe leak causes supply losses ‘PTT’

BANGKOK : An offshore natural gas pipeline in the Gulf of Thailand is leaking, causing a loss of about 600 million c

Published 26 Jun, 2011 02:52pm

Energy

Iran opposes rise in OPEC production ceiling

TEHRAN : Iran will reject any increase of the OPEC production ceiling in the cartel's next meeting, the country's Oil

Published 26 Jun, 2011 01:47pm

Energy

Baiji oil refinery operating full capacity

BAGHDAD : Iraq 's biggest oil refinery, Baiji, was operating at full capacity on Saturday after an explosion and fire o

Published 25 Jun, 2011 03:05pm

Energy

IEA decision to release oil stocks condemns ‘Iran’

TEHRAN : Iran condemned on Saturday a decision by oil consumer nations to release strategic crude stocks as politicall

Published 25 Jun, 2011 12:24pm

Energy

Oil rebounds from heavy losses

SINGAPORE : Oil rebounded in Asian trade Friday from heavy losses overnight after the International Energy Agency's deci

Published 24 Jun, 2011 04:10am

Energy

Oil prices down in Asia

SINGAPORE : Oil prices dropped in Asian trade Thursday as investors took profits from an overnight rally powered by stre

Published 23 Jun, 2011 08:27am

Energy

Brent rises as Greece passes vote

SINGAPORE : Brent crude edged higher on Wednesday after five sessions of losses, as Greece 's embattled government surv

Published 22 Jun, 2011 07:32am

Energy

Oil mixed in Asian trade

SINGAPORE : Oil was mixed in Asian trade Tuesday as lingering uncertainty over Greece's debt crisis tempered support fro

Published 21 Jun, 2011 07:21am

Energy

Oil down in Asian trade

SINGAPORE : Oil was lower in Asian trade Monday on continuing fears over Greece's debt crisis and concerns over the US

Published 20 Jun, 2011 07:28am

Energy

Sinopec plans 32mn tonnes new China refinery complex: media

SHANGHAI : China Petroleum and Chemical Corp (Sinopec Corp), Asia 's top refiner, is planning to build a new 32 milli

Published 18 Jun, 2011 07:56am

Energy

ADNOC acts on diesel smuggling

DUBAI : Abu Dhabi National Oil Company (ADNOC) will act to stop the selling-on and smuggling of diesel sold at its stati

Published 17 Jun, 2011 08:51am

Energy

Oil up in Asia on positive US data

SINGAPORE : Oil rose in Asian trade Friday on positive economic data from the United States, the world's biggest oil con

Published 17 Jun, 2011 06:38am

Energy

Bangladesh signs gas deal with ConocoPhillips

DHAKA: Bangladesh has signed a deal with US energy giant ConocoPhillips to explore for gas in disputed waters off its co

Published 16 Jun, 2011 12:08pm

Energy

Karachaganak owners to yield 10pct to state

ALMATY: The consortium that owns the Karachaganak gas field in Kazakhstan has agreed to cede a 10 percent stake to

Published 16 Jun, 2011 09:43am

Energy

Oil up in Asia as investors seize cheaper crude

SINGAPORE : Oil was up in Asian trade Thursday as traders engaged in bargain-hunting after crude prices slid below $95 p

Published 16 Jun, 2011 07:33am

Energy

China's seeks gas breakthrough in Russia

MOSCOW : Chinese President Hu Jintao to meet Russian counterpart Dmitry Mevdvedev in search of a breakthrough in stalled

Published 16 Jun, 2011 06:52am

Energy

Oil mixed in Asian trade

SINGAPORE : Oil prices were mixed in Asian trade Wednesday as a pickup in Chinese industrial output and forecasts of a s

Published 15 Jun, 2011 07:31am

Energy

Oil falls in Asian trade

SINGAPORE : Oil prices fell in Asian trade Monday, depressed by OPEC kingpin Saudi Arabia's plan to raise output to Asia

Published 13 Jun, 2011 05:25am

Energy

Oil up in Asia following rise in US equities

SINGAPORE: Oil rose in Asian trade Friday, boosted by gains on Wall Street that snapped a lengthy losing streak, analyst

Published 10 Jun, 2011 04:01am

Energy

Oil up in Asia as OPEC keeps production steady

S INGAPORE : Oil rose in Asian trade Thursday after an OPEC meeting broke up without agreement on raising production qu

Published 09 Jun, 2011 08:06am

Energy

Oil lower ahead of OPEC meeting, dollar supports

SINGAPORE : Brent dropped below $116 on Wednesday ahead of an OPEC meeting where members are expected to agree to raise

Published 08 Jun, 2011 04:25am

Energy

Oil mixed in Asia ahead of OPEC meeting

SINGAPORE: Oil was mixed in Asian trade Wednesday ahead of an OPEC ministerial meeting due to take place later in Vienna

Published 08 Jun, 2011 03:58am

Energy

Oil down in Asia on fears of higher supply

SINGAPORE: Oil was down in Asian trade Tuesday amid speculation that OPEC may boost crude supplies despite faltering ene

Published 07 Jun, 2011 03:35am

Energy

Oil price 'should remain' under $80: Petronas CEO

KUALA LUMPUR : Malaysian state energy firm Petronas said Monday that the crude oil market's current fundamentals call fo

Published 06 Jun, 2011 04:59am

Energy

Oil mixed in Asia ahead of OPEC meeting

SINGAPORE: Oil was mixed in Asian trade Monday ahead of a key OPEC meeting this week in Vienna, analysts said. New Yor

Published 06 Jun, 2011 03:56am

Energy

Oil up in Asia as dollar weakens

SINGAPORE : oil rose in Asian trade Friday as a weak US currency spurred investor interest in dollar-priced commoditi

Published 03 Jun, 2011 03:43am

Energy

Oil down in Asia on weak US economic data

SINGAPORE : Oil fell in Asian trade Thursday as weak US economic data dragged down sentiment, analysts. New York 's m

Published 02 Jun, 2011 06:35am

Energy

Oil up in Asia on hopes of Greek resolution

SINGAPORE: Oil rose in Asian trade Wednesday on hopes of a resolution to the Greek debt crisis, analysts said. New Yor

Published 01 Jun, 2011 03:45am

Energy

Oil up in Asia as dollar slips

SINGAPORE: Oil rose in Asian trade Tuesday as a weakened dollar spurred investor interest in dollar-priced commodities i

Published 31 May, 2011 04:37am

Energy

Oil down in Asia as eurozone fears linger

SINGAPORE: Oil was lower in Asian trade Monday amid fresh concerns over Europe's sovereign debt woes, analysts said.

Published 30 May, 2011 03:52am

Energy

Oil higher on dollar weakness

SINGAPORE: Oil was higher in Asian trade Friday as the US currency weakened against the euro, boosting investor appetite

Published 27 May, 2011 05:29am

Energy

South Korea refiners face $442 million fine over cartel

SEOUL : South Korea's anti-monopoly watchdog said Thursday it would fine four major oil refiners a total of 434.8 billio

Published 26 May, 2011 07:30am

Energy

Oil up in Asian trade after rise in US equities

SINGAPORE : Oil rose in Asian trade Thursday, tracking gains in US equities markets, analysts said, while dealers seemed

Published 26 May, 2011 06:57am

Energy

Oil down in Asian trade

SINGAPORE: Oil was down in Asian trade Wednesday due to weaker US energy demand and as traders locked in profits from th

Published 25 May, 2011 03:53am

Energy

Oil rebounds in Asia on higher Chinese demand

SINGAPORE : Oil rebounded in Asian trade Tuesday on surging crude demand from China , the world's second-largest eco

Published 24 May, 2011 03:46am

Energy

Brent crude falls by more than $1 on stronger dollar

SINGAPORE : Brent crude oil fell by more than $1 on Monday as investors flocked to the dollar on renewed concerns over t

Published 23 May, 2011 05:21am

Energy

Oil down in Asian trade on US demand concerns

SINGAPORE : Oil was down in Asian trade Monday as investor sentiment took a hit partly from worries over weak US deman

Published 23 May, 2011 04:27am

Energy

Reliance Industries plan to raise $1.5bn via overseas loans

MUMBAI: Indian energy major Reliance Industries is in talks with banks to raise as much as $1.5 billion in dollar-denomi

Published 21 May, 2011 07:01am

Energy

Indian oil firms to give $6.47bn discount to retailers-source

NEW DELHI: Indian state-run upstream firms will give a total discount of about 302.97 billion Indian rupees ($6.74 billi

Published 20 May, 2011 07:04am

Energy

Oil rebounds in Asian trade

SINGAPORE: Oil rebounded in Asian trade Friday as traders bought cheaper crude after prices fell sharply the previous da

Published 20 May, 2011 03:47am

Energy

Oil price up in Asia

SINGAPORE: Oil rose in Asian trade on Thursday after US oil stockpiles did not increase as expected, analysts said. N

Published 19 May, 2011 05:15am

Energy

Oil recovers from overnight losses

SINGAPORE: Oil was higher in Asian trade on Wednesday but lingering concerns over waning US demand will limit prices, an

Published 18 May, 2011 05:53am

Energy

Oil slips on demand worries

SINGAPORE: Oil slipped Tuesday in Asian trade as demand concerns continued to cast a shadow on sentiment, analysts said.

Published 17 May, 2011 05:19am

Energy

India April diesel sales rise lowest since Sept

NEW DELHI: Growth in India's diesel consumption slowed to an annual 1.7 percent in April, its lowest rise since Septembe

Published 16 May, 2011 07:55am

Energy

Crude prices slump on stronger dollar

SINGAPORE: Crude prices dived in Asia Monday as the euro slipped against the dollar on worries over Greece's sovereign d

Published 16 May, 2011 06:11am

Energy

US crude falls more than $1 to $98.53/bbl

TOKYO: US crude futures fell more than $1 to as low as $98.53 a barrel in electronic trade on Monday, erasing Friday's g

Published 15 May, 2011 10:54pm

Energy

Iran earns $5mn in gasoline exports

TEHRAN: Iran exported a batch of domestically-produced gasoline in April to make good on its pledge of becoming a gasoli

Published 15 May, 2011 10:57am

Energy

Petronas to build $20 billion energy complex in Malaysia

KUALA LUMPUR: State-owned energy giant Petronas said Friday it will construct a $20 billion integrated refinery and petr

Published 13 May, 2011 07:00am

Energy

Japan postpones decision on Tepco compensation scheme

TOKYO: The Japanese government delayed a decision expected on Thursday on a plan to help Tokyo Electric pay compensation

Published 12 May, 2011 09:43am

Energy

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asian trade Thursday after plunging overnight on signs of faltering demand in the Uni

Published 12 May, 2011 05:14am

Energy

Asian jet Regrade surges to a six-week high

SINGAPORE: Asian jet fuel's premium to gas oil surged to a six-week high on Wednesday, as players bet on weakness in the

Published 27 Apr, 2011 01:30pm

Energy

Asia Distillates-Gas oil cracks near 2-mth low

SINGAPORE: Asia's gas oil market weakened on Monday, with the prompt crack falling to a near two-month low as higher out

Published 25 Apr, 2011 01:25pm

Energy

Indonesian Mobil reports second Cepu oil find

JAKARTA: Mobil Cepu Ltd., a unit of ExxonMobil , said on Monday it had made a second oil find in the Cepu Block, of whic

Published 25 Apr, 2011 07:50am

Energy

South Korea March crude imports up 20 pc

SEOUL: Oil imports by South Korea, the world's fifth-largest crude buyer, jumped 20 percent in March from a year ago,

Published 22 Apr, 2011 07:37am

Energy

China commercial crude oil stocks rise in March, fuel stocks fall: OGP

BEIJING: Commercial stocks of crude oil in China rose 2 percent in March from the previous month while stocks of gasolin

Published 21 Apr, 2011 06:47am

Energy

Kuwait to donate five million oil barrels to Japan

KUWAIT CITY: Oil-rich Kuwait said Monday it will donate five million barrels of oil worth over 550 million dollars at cu

Published 18 Apr, 2011 08:36am

Energy

India's March provisional local fuel sales up 3.9 pc

NEW DELHI: India consumed 12.16 million tonnes of refined oil products in March, registering a growth of 3.9 percent fro

Published 18 Apr, 2011 06:41am

Energy

Gas, oil cracks rebound from 1-month low

SINGAPORE: Asian oil product cracks strengthened across the barrel on Friday, driven higher by firm fundamentals and low

Published 15 Apr, 2011 08:19am

Energy

India's BPCL offers 280,000 tonnes naphtha for May to Aug 2011

NEW DELHI/SINGAPORE: India's Bharat Petroleum Corp Ltd (BPCL) has offered a total of 280,000 tonnes of naphtha for a fiv

Published 14 Apr, 2011 06:07am

Energy

Asia Naphtha/Gasoline-Cracks surge, spreads at 2011 high

SINGAPORE: Asia's naphtha price extended losses on Wednesday, nearing a week's low but cracks surged to an almost three-

Published 13 Apr, 2011 01:10pm

Energy

SOCAR Trading appoints new head

SINGAPORE: The trading arm of Azerbaijan's state oil company SOCAR has hired industry veteran Anthony Poon as the head o

Published 11 Apr, 2011 10:31am

Energy

KazMunaiGas EP buys 4 oil blocks from parent firm

ALMATY: KazMunaiGas Exploration Production said on Monday it had agreed with its parent company KazMunaiGas to acquire f

Published 11 Apr, 2011 08:41am

Energy

Vietnam raises fuel reserves

HANOI: Vietnam will increase its reserves of crude oil and oil products to ensure enough to meet domestic needs for abou

Published 09 Apr, 2011 06:17am

Energy

Bangladesh sees losses double on fuel oil imports

DHAKA: Bangladesh is likely to incur more than $285 million in losses on imports of fuel oil in the fiscal year to June,

Published 04 Apr, 2011 09:47pm

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%)
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%)
Zephyr Textile / Jun 5 Zephyr Textiles Limited(ZTL)	17.57 ▲ 1.6 (10.02%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	20.54 ▲ 1.87 (10.02%)
Pak Qatar Gen.Takaful / Jun 5 Pak Qatar General Takaful Limited(PQGTL)	16.70 ▲ 1.52 (10.01%)
Zahid Jee Textile / Jun 5 Zahidjee Textile Mills Limited(ZAHID)	60.80 ▲ 5.53 (10.01%)
Kohat Textile / Jun 5 Kohat Textile Mills Limited(KOHTM)	99.80 ▲ 9.07 (10%)
Leiner Pak Gelat / Jun 5 Leiner Pak Gelatine Limited(LPGL)	99.09 ▲ 9.01 (10%)

Stock	Price
Sanghar Sugar / Jun 5 Sanghar Sugar Mills Limited(SANSM)	115.16 ▼ -11.77 (-9.27%)
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	41.18 ▼ -3.81 (-8.47%)
LSE Financial Serv. / Jun 5 LSE Financial Services Limited(LSEFSL)	20.66 ▼ -1.87 (-8.3%)
Aisha Steel(ConPS) / Jun 5 Aisha Steel(ConPS)(ASLPS)	30.08 ▼ -2.62 (-8.01%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	38.92 ▼ -2.8 (-6.71%)
Universal Ins. / Jun 5 The Universal Insurance Company Limited(UVIC)	22.10 ▼ -1.52 (-6.44%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	69.55 ▼ -4.65 (-6.27%)
ARM Green Industries / Jun 5 ARM Green Industries Limited(ARMG)	50 ▼ -3.33 (-6.24%)
Husein Industries / Jun 5 Husein Industries Limited(HUSI)	34.01 ▼ -1.99 (-5.53%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	16,821,713 ▲ 0.44
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	16,610,882 ▲ 1
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	16,315,121 ▲ 0.4
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	16,053,690 ▼ -0.11
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	14,107,668 ▲ 0.33
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	11,739,279 ▲ 0
Pak Qatar Gen.Takaful / Jun 5 Pak Qatar General Takaful Limited(PQGTL)	11,695,007 ▲ 1.52
TRG Pak Ltd / Jun 5 TRG Pakistan Limited(TRG)	10,364,397 ▲ 0.88
Waves Corporation / Jun 5 Waves Corporation Limited(WAVES)	9,867,979 ▲ 0.72
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	9,667,340 ▼ -0.17