Middle East crude oils surged on expectations of better refining profits after Saudi Arabia reduced its official selling prices. For full story, click here
Continue reading "Middle East Crude Surged as Saudi Aramco Cuts Official Asia Prices"
Saturday, August 8, 2009
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 that Asian [...]
Continue reading "Oil Retreated in Asia, New York Crude Holds Above 71 years"
Saturday, August 1, 2009
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
Continue reading "Asia Imports of West Africa Crude hit 3-year High"
Thursday, July 30, 2009
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
Continue reading "Asia Imports of West Africa Crude to hit 3-year High"
Wednesday, July 22, 2009
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
Continue reading "Sinopec H1 Crude runs at 3.5 mln bbls/day"
Thursday, July 16, 2009
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
Continue reading "PetroChina has added refining facilities for Russian Oil"
Thursday, July 9, 2009
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
Continue reading "Asia Crude-India MRPL has sought H1 Sept Crude"
Friday, July 3, 2009
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
Continue reading "Asia-Pacific Crude Up as IOC purchased Malaysian Kikeh"
Friday, June 12, 2009
Vietnam will halt term exports of its flagship Bach Ho crude next quarter as it diverts supplies to its first major refinery, further tightening the Asia-Pacific market. For full story, click here
Continue reading "Vietnam will halt term Bach Ho Crude Supplies to Asia"
Thursday, June 11, 2009
Oil prices surged in Asian trade Thursday, getting a lift from a bigger-than-expected dip in US crude reserves. For full story, click here
Continue reading "Crude Oil Futures have neared $72 in Asian Trade"
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Saturday, August 8, 2009