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

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

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

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

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

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

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