Trends - crude - Business Recorder

Markets

China issues at least 152mn T in 2025 crude oil import quotas, sources say

SINGAPORE: China has issued at least 152.49 million metric tons of crude oil import quotas to independent refiners...

Published 30 Dec, 2024 11:03am

Markets

Kuwait lowers December crude prices for Asia, document shows

SINGAPORE: Kuwait has lowered the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in December to...

Published 11 Nov, 2024 11:45am

Markets

Brent crude falls on demand fears

HOUSTON: Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about demand in the...

Published 05 Sep, 2024 06:19am

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Feasibility study for crude to chemical refinery: Trilateral MoU may be signed during PM’s visit to China

ISLAMABAD: A trilateral non-binding Memorandum of Understanding (MoU) is likely to be signed on preparation of...

Published 11 May, 2024 06:22am

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 25.476...

Published 05 Jan, 2024 03:12am

Markets

Oil prices jump on disruption fears after latest Red Sea attack

LONDON: Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle...

Updated 02 Jan, 2024 05:02pm

Markets

Nigeria aims to raise oil, condensates output to 2.6 mln bpd

ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6...

Published 02 Jan, 2024 05:21am

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Saudi Arabia hikes most September oil prices to Asia

DUBAI: Top oil exporter Saudi Arabia has raised the prices for most of its crude to Asia in September after...

Published 06 Aug, 2023 03:18am

Markets

Prices of Russia ESPO crude for China jump to 7-month high

SINGAPORE: Prices of Russia’s ESPO Blend crude oil shipped to China have surged to a seven-month high as buyers...

Published 06 Jul, 2023 05:42am

Markets

Indian demand for Urals crude keeps Russia’s exports up

MOSCOW: India was the biggest buyer of seaborne Urals oil in March and the country’s demand for the grade means...

Published 28 Mar, 2023 06:21am

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India raises crude oil windfall tax, cuts diesel export tax

NEW DELHI: India raised its windfall tax on crude oil marginally while cutting the tax on exports of diesel,...

Published 05 Mar, 2023 03:36am

Markets

West African crude

LONDON: Offers for some varieties of West African crude climbed on Thursday on relatively high refining margins in...

Published 27 Jan, 2023 06:15am

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.476...

Published 29 Sep, 2022 05:54am

Markets

India’s ONGC struggling to move Russian oil to Asia as sanctions bite

NEW DELHI/LONDON: India’s Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels ...

Published 27 Apr, 2022 05:19am

Markets

India’s IOC buys 7m barrels of crude via tenders

SINGAPORE: Indian Oil Corp, the country’s top refiner, has purchased a total of 7 million barrels of crude via...

Published 14 Apr, 2022 04:55am

Markets

US oil signals mixed

SINGAPORE: Signals are mixed for US oil, and a further development of the chart will suggest a direction. The...

Published 06 Apr, 2022 10:51am

Markets

First US refiner suspends purchases of Russian crude for Hawaii refinery

WASHINGTON: Par Pacific Holdings Inc said on Thursday it would suspend the purchases of Russian crude oil for its...

Published 05 Mar, 2022 04:10am

Markets

Oil extends gains above $90/bbl as winter storm sweeps through United States

SINGAPORE: Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply...

Published 04 Feb, 2022 11:14am

Markets

Kuwait cuts Feb crude prices for Asia

SINGAPORE: Kuwait cut the February official selling prices (OSPs) for two crude grades it sells to Asia from the...

Published 11 Jan, 2022 11:18am

Markets

Asia’s naphtha crack falls for fourth straight day

NEW DELHI: Asia’s naphtha crack fell on Thursday, declining for a fourth consecutive session after Singapore...

Published 08 Jan, 2022 03:59am

Markets

Asia Distillates: Gasoil cracks drop to weakest in over a week

SINGAPORE: Asian refining margins for 10 ppm gasoil slipped to their lowest in over a week on Monday, despite weaker...

Published 21 Dec, 2021 04:14am

Markets

China iron ore futures hit upper limit on hopes

BEIJING: China’s benchmark iron ore futures surged nearly 10% in early trade on Tuesday to hit their daily upper...

Published 24 Nov, 2021 06:06am

Markets

China’s Sinopec completes successful trial of crude to olefin technology

SINGAPORE: China’s Sinopec Corp said on Wednesday it completed a successful trial processing crude oil directly...

Published 19 Nov, 2021 04:35am

Markets

Oil heads for third straight week of gains as supply tightens

Brent set to close at highest since October 2018
NY ULSD futures hit highest in almost three years
India's crude imports at three-month peak in August
Iran says it will return to talks on nuclear deal soon

Published 24 Sep, 2021 09:22pm

Markets

US natgas futures rise over to 31-month high on hot forecasts

NEW YORK: US natural gas futures climbed over 2% to a 31-month high on Wednesday on forecasts for hotter weather ...

Published 05 Aug, 2021 04:34am

Markets

White House worried about high oil prices; sees enough production capacity

WASHINGTON: The White House said on Friday it is concerned about the impact of rising oil prices on US consumers but...

Published 04 Jul, 2021 03:41am

Markets

Middle East’s share of India’s oil imports hits 25-month low

NEW DELHI: The share of Middle Eastern crude in India’s oil imports fell to a 25-month low in May, tanker data...

Published 24 Jun, 2021 03:36am

Markets

VLSFO market nudges higher

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) market edged higher on Thursday amid muted trade, trade...

Published 18 Jun, 2021 04:16am

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Venezuelan oil, masked as Malaysian, rushes into China before fuel tax

Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China,...

Published 05 Jun, 2021 04:08am

Markets

Venezuela restarts crude blending

MEXICO CITY: Venezuela’s state-run oil company PDVSA has restarted crude blending at its Petrolera Sinovensa...

Published 25 May, 2021 04:40am