Oil Producers Shares Up on Greece Hopes in Asia
Business Insider reports that shares in oil producer led gains today on the Asian markets.
Articles Tagged "asia"
Increasing Oil Production Pressures
International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Middle East Crude Surged as Saudi Aramco Cuts Official Asia Prices
Middle East crude oils surged on expectations of better refining profits after Saudi Arabia reduced its official selling prices. For full story, click here
Oil Retreated in Asia, New York Crude Holds Above 71 years
Oil pulled back in Asia on Friday as regional stock markets eased and investors awaited a US report on unemployment which could give fresh clues on the health of the recession-hit economy. Victor Shum, senior principal at energy consultancy Purvin and Gertz in Singapore, stated: Oil is retreating a bit and that’s not surprising considering [...]
Asia Imports of West Africa Crude hit 3-year High
Asian imports of West African crude oil were expected to reach 1.62 million barrels per day in August, trade sources said on Thursday, the highest monthly volume since March 2006 as per Reuters data. For full story, click here
Asia Imports of West Africa Crude to hit 3-year High
Asian imports of West African crude oil were expected to reach 1.62 million barrels per day in August, trade sources said on Thursday, the highest monthly volume since March 2006 as per Reuters data. For full story, click here
Sinopec H1 Crude runs at 3.5 mln bbls/day
Asia’s top refiner Sinopec Corp. declared that it has processed 86.9 million tonnes of crude oil, or 3.5 million barrels per day, in the first half of this year, up 1.82 percent from a year earlier. For full story, click here
PetroChina has added refining facilities for Russian Oil
Asia’s top oil and gas company PetroChina has commenced an expansion of its Liaoyang refinery in northeastern China to prepare for more oil imports from Russia. For full story, click here
Asia Crude-India MRPL has sought H1 Sept Crude
India’s Mangalore Refinery and Petrochemicals Ltd. has issued a tender to purchase 650,000 barrels of crude oil for Sept. 1-15 loading. For full story, click here
Asia-Pacific Crude Up as IOC purchased Malaysian Kikeh
The Asia-Pacific crude market surged on Friday after Indian Oil Corp bought a cargo of Kikeh crude for September loading, the first cargo of any Malaysian grades IOC has purchased via tender in four months. For full story, click here
