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Analysis: Southeast Asia contributing heavily to ample US-Asia crude flows in 2019

3 hours ago DieselGasoil Comments Off on Analysis: Southeast Asia contributing heavily to ample US-Asia crude flows in 2019
Singapore — Southeast Asia will likely continue to play a pivotal role in support of ample US-Asia crude oil trades in the second half of 2019 despite China’s faltering appetite for US energy products, with Vietnam aiming to procure two more WTI crude cargoes over the coming quarters. Not registered? Receive daily email alerts, subscriber Read More

Vietnam’s Dung Quat refinery to receive second, third US crude cargo in Oct, Dec

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Singapore — Vietnam’s 148,000 b/d Dung Quat refinery will receive its second cargo of US crude oil consisting of 1 million barrels of WTI Midland crude in October, refinery operator Binh Son Refining and Petrochemical, or BSR, said in a statement on Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Thailand’s IRPC to start selling 0.5% sulfur fuel oil cargo from July

3 hours ago DieselGasoil Comments Off on Thailand’s IRPC to start selling 0.5% sulfur fuel oil cargo from July
Singapore — Thailand’s oil and petrochemical company IRPC Public Co. Ltd. plans to start selling low sulfur fuel oil cargo with maximum sulfur of 0.5% from its Rayong refinery from next month, company sources said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This move is in line Read More

Asia gasoline crack jumps on RBOB surge after PES Philadelphia refinery blast

3 hours ago DieselGasoil Comments Off on Asia gasoline crack jumps on RBOB surge after PES Philadelphia refinery blast
Singapore — The Asian gasoline market saw an uplift Monday after news of an explosion at US Philadelphia Energy Solutions’ 335,000 b/d Pennsylvania refinery Friday sent NYMEX RBOB futures surging, which in turn bolstered the Singapore 92 RON swap crack in Asia by around 30% on Monday morning, market sources said. Not registered? Receive daily Read More

Middle East conflict, US-China tension fuel uncertainties for oil, gas firms: Malaysia PM

5 hours ago DieselGasoil Comments Off on Middle East conflict, US-China tension fuel uncertainties for oil, gas firms: Malaysia PM
Geopolitical tensions in the Middle East have fueled uncertainties that will impact the oil and gas industry, while the US-China trade conflict has created an unprecedented economic crisis for business, Mahathir Bin Mohamad, Prime Minister of Malaysia, said at the Asia Oil & Gas Conference 2019 on Monday. Not registered? Receive daily email alerts, subscriber Read More

Dubai crude structure softens despite Middle East conflict escalation

5 hours ago DieselGasoil Comments Off on Dubai crude structure softens despite Middle East conflict escalation
Market structure for Middle East sour crude led by Dubai futures slackened in mid-morning trading in Asia on Monday, despite heightened geopolitical tensions in the region. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Dubai’s discount to Brent on the August EFS (Exchange Futures for Swaps spread) widened as Read More

Crude oil futures higher amid escalating tensions in the Middle East

6 hours ago DieselGasoil Comments Off on Crude oil futures higher amid escalating tensions in the Middle East
Singapore — Crude oil futures were higher during mid-morning trade in Asia Monday as tensions in the Middle East heightened following an attack on a Saudi airport on Sunday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:25 am Singapore time (0325 GMT), ICE Brent August futures rose Read More

Libya warns against calls to shut all of nation’s oil production

7 hours ago DieselGasoil Comments Off on Libya warns against calls to shut all of nation’s oil production
Dubai — Libya’s state-run National Oil Corporation warned against recent calls to shut the nation’s oil production, saying it’s a “crucial source of income” that benefits all citizens. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Any deliberate disruption of oil sector operations will severely impact national revenue streams, Read More

Iran’s parliament approves draft law for new oil, gas condensates refineries

7 hours ago DieselGasoil Comments Off on Iran’s parliament approves draft law for new oil, gas condensates refineries
Tehran — Iran’s parliament on Sunday ratified a draft bill allowing private investors to build new oil and gas condensates refineries in the country in a bid to neutralize the US sanctions on the country’s exports of hydrocarbons, the oil ministry’s Shana news service reported. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Iran welcomes Moscow’s help on its oil sales

7 hours ago DieselGasoil Comments Off on Iran welcomes Moscow’s help on its oil sales
Tehran — Iran reiterated its interest in trading oil with Russia, with Moscow proposing a “trade cooperation,” state television news agency iribnews.ir reported Sunday, citing Central Bank of Iran Governor Abdolnasser Hemmati. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We also are interested in trade relations with them Read More