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Refinery margin tracker: Singapore margins tick higher as regional demand rises

2 weeks ago DieselGasoil Comments Off on Refinery margin tracker: Singapore margins tick higher as regional demand rises
New York — Asian refining margins rose last week on higher Chinese and Indian demand even as regional refineries came back online after planned work, adding to the region’s product supply, an analysis from S&P Global Platts showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Singapore Read More

BP discussing options for ageing Shetland terminal, Foinaven field

3 weeks ago DieselGasoil Comments Off on BP discussing options for ageing Shetland terminal, Foinaven field
Aberdeen — BP is seeking solutions for its high-maintenance Foinaven field in the UK West of Shetland area and also for another ageing Shetland facility, the Sullom Voe oil terminal, its regional president, Ariel Flores, said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Speaking to journalists at Read More

Fujairah data: Fuel oil jump leads refined product stocks higher

3 weeks ago DieselGasoil Comments Off on Fujairah data: Fuel oil jump leads refined product stocks higher
Author Jack Jordan Editor Jonathan Fox Commodity Oil Highlights Author Jack Jordan Editor Jonathan Fox Commodity Oil Refined product stocks at the Middle Eastern hub of Fujairah advanced over the week to September 2, led by a sharprise in residual fuel stocks as bunker demand improved. Not registered? Receive daily email alerts, subscriber notes & Read More

Abu Dhabi’s Upper Zakum could trade in discount despite expected OSP rise

3 weeks ago DieselGasoil Comments Off on Abu Dhabi’s Upper Zakum could trade in discount despite expected OSP rise
Singapore — Abu Dhabi’s Upper Zakum crude could trade in discount this month for cargoes loading in November despite the expected increase in its official selling price differential to benchmark Dubai crude, traders said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Abu Dhabi National Oil Co. (ADNOC) Read More

Russia’s Oct ESPO Blend crude exports rise 30% on month

3 weeks ago DieselGasoil Comments Off on Russia’s Oct ESPO Blend crude exports rise 30% on month
Russia’s exports of medium sweet ESPO Blend crude oil are expected to total 3.12 million mt in October, up 30% from September, according to the latest monthly loading program. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ESPO Blend’s October program runs from September 30 to November 1 and Read More

Interactive: Not all oil is equal – Platts Periodic Table of Oil

3 weeks ago DieselGasoil Comments Off on Interactive: Not all oil is equal – Platts Periodic Table of Oil
Understanding crude quality has never been more important, following the dramatic rise in US shale output, which has transformed the composition of the global oil market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now There are hundreds of different grades and varieties produced around the world, from medium-sour Hungo Read More

Chinese LPG buyers take North Sea cargoes to capitalize on open arbitrage

3 weeks ago DieselGasoil Comments Off on Chinese LPG buyers take North Sea cargoes to capitalize on open arbitrage
Singapore — Chinese buyers have bought three LPG cargoes from the North Sea for September delivery over the past week, signaling China’s growing appetite for diversified supply as it avoids US cargoes due to high import tariffs amid the escalating trade tensions, traders said. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

India CEO Series: Shell aims to expand retail oil, LNG footprint in India

3 weeks ago DieselGasoil Comments Off on India CEO Series: Shell aims to expand retail oil, LNG footprint in India
Highlights Doubles presence in retail oil segment in two years Hazira LNG deal to help create integrated value chain Investing in biofuels, solar in new energy push New Delhi — Shell is pushing ahead with its ambitions to grow its retail oil network in India where growth prospects look promising, while working towards expanding its Read More

Russian, Asian leaders to discuss growing energy cooperation in Vladivostok

3 weeks ago DieselGasoil Comments Off on Russian, Asian leaders to discuss growing energy cooperation in Vladivostok
Vladivostok — Russian and Asian leaders and energy officials are set to discuss cooperation at the Eastern Economic Forum in the Russian Far Eastern city of Vladivostok this week, at a time when Russia continues to seek closer ties with its Eastern partners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Brent/Dubai EFS widens to over 2-month high

3 weeks ago DieselGasoil Comments Off on Brent/Dubai EFS widens to over 2-month high
Singapore — The spread between ICE Brent futures and Dubai crude futures widened to over a two-month high mid-morning Wednesday in Asia, as Brent rose on expectations of US stocks draw, while market participants continued to digest the latest Abu Dhabi’s official crude selling prices. Not registered? Receive daily email alerts, subscriber notes & personalize Read More