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Crude oil futures steady amid US stockbuild, geopolitical risks

1 hour ago DieselGasoil Comments Off on Crude oil futures steady amid US stockbuild, geopolitical risks
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Thursday amid a combination of bullish and bearish factors emerging from a build in US crude stocks and ongoing supply and geopolitical risks in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude

1 hour ago DieselGasoil Comments Off on Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude
Singapore — Benchmark Dubai crude futures’ discount to ICE Brent tightened in mid-morning trading in Asia Thursday, as sour crude traders digested news that Saudi Arabia might look to Iraq for extra crude volume to meet its supply commitments to term customers and for its own refinery network. Not registered? Receive daily email alerts, subscriber Read More

Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources

1 hour ago DieselGasoil Comments Off on Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources
Highlights Aramco contacted SOMO for Basrah Light barrels SOMO yet to comply with request Saudi focusing on diverting more barrels for export Singapore — The world’s largest crude exporter, Saudi Arabia has approached Iraq’s State Oil Marketing Organization to buy Iraqi crude as it looks to fill a supply shortfall in the wake of the Read More

Asian shares turn lower on guarded Fed, yen rises after BOJ

2 hours ago DieselGasoil Comments Off on Asian shares turn lower on guarded Fed, yen rises after BOJ
TOKYO (Reuters) – Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Zhejiang province, China August 2, 2019. REUTERS/Stringer Treasury Read More

Asian shares edge higher after Fed, investors await BOJ

5 hours ago DieselGasoil Comments Off on Asian shares edge higher after Fed, investors await BOJ
TOKYO (Reuters) – Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Read More

‘Terrorists didn’t land in Kashmir from the moon’: Polish MEP urges parliament to support India

12 hours ago DieselGasoil Comments Off on ‘Terrorists didn’t land in Kashmir from the moon’: Polish MEP urges parliament to support India
Polish MEP Ryszard Czarnecki has blasted Pakistan in the European Parliament, saying that terrorists in India do not come from the Moon but from neighboring Pakistan. Czarnecki urged his colleagues in Brussels to support India in its dispute with Pakistan over Kashmir, saying that it is “perhaps” the European Union’s only democratic ally in south Read More

Smothered by smoke, Malaysia seeds clouds to bring rain relief

18 hours ago DieselGasoil Comments Off on Smothered by smoke, Malaysia seeds clouds to bring rain relief
KUALA LUMPUR (Reuters) – At an altitude of just 3,000 feet (915 meters), flares attached to both sides of the Cessna 172 aircraft lit up brightly, dispersing chemicals over Malaysia in the hope of bringing rain to clear the smoky air. The skyline of the central business district and a public apartment block are seen Read More

Airbus revises up jet demand, trims traffic growth

21 hours ago DieselGasoil Comments Off on Airbus revises up jet demand, trims traffic growth
LONDON (Reuters) – Airbus on Wednesday revised up forecasts for jetliner demand in the next 20 years led by growth in the new industrial hubs of Asia, while voicing alarm over rising protectionism. FILE PHOTO: The logo of Airbus is pictured at their facility in Montoir-de-Bretagne near Saint-Nazaire, France July 12, 2019. REUTERS/Stephane Mahe The Read More

Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns

21 hours ago DieselGasoil Comments Off on Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns
Highlights BSR to buy 2 mil barrels of WTI Midland crude for Q4 delivery Light sweet Nigerian Bonny Light crude also on shopping list Government removes import tax on crude oil Singapore — Vietnam is feeling the pressure to secure adequate crude supply as geopolitical tensions in the Middle East continue to raise Asia’s energy Read More

Asia LPG market eases as supply assurance limits uncertainty

22 hours ago DieselGasoil Comments Off on Asia LPG market eases as supply assurance limits uncertainty
Singapore — Saudi Aramco has announced acceptances of October-loading term LPG nominations after a slight delay due to supply uncertainty following the attacks on key Saudi oil infrastructure, with no cuts heard and some cargoes being delayed or brought forward to earlier dates, traders said Wednesday. Not registered? Receive daily email alerts, subscriber notes & Read More