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Japan ships Khafji crude from reserves to Sinopec refineries in Shandong: sources

1 day ago DieselGasoil Comments Off on Japan ships Khafji crude from reserves to Sinopec refineries in Shandong: sources
Highlights Two Sinopec refiners to share Khafji crude cargo Rare trade flow amid tightening heavy sour crude supply London — Japan has shipped a Khafji crude cargo from the Shibushi strategic petroleum reserves in Kagoshima to Sinopec refineries in China’s Shandong province, sources with direct knowledge of the matter told S&P Global Platts Friday. Not Read More

Dubai futures: Crude spreads firm as traders mull Saudi-Iraq supply deal

2 days ago DieselGasoil Comments Off on Dubai futures: Crude spreads firm as traders mull Saudi-Iraq supply deal
Singapore — The Middle East sour crude complex, led by benchmark Dubai crude futures spreads, continued to strengthen in mid-morning trading in Asia Friday, as traders digested overnight developments on reports that Saudi Aramco may have approached Iraq for Basrah crude supplies. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Saudis have not asked for crude after attacks: Iraqi oil minister

2 days ago DieselGasoil Comments Off on Saudis have not asked for crude after attacks: Iraqi oil minister
Dubai — Saudi Arabia has not asked Iraq for crude supplies, Iraqi oil minister Thamir al-Ghadhban said Thursday, denying reports that his country had fielded a request from its neighbor to compensate for a shortfall caused by the weekend’s attacks on two key facilities. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

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

3 days 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

3 days 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

Asia’s crude stocks, flexible imports may cover near-term Saudi supply risk

7 days ago DieselGasoil Comments Off on Asia’s crude stocks, flexible imports may cover near-term Saudi supply risk
Asian oil consumers are unlikely to press the panic button following the latest attacks on Saudi Arabia’s critical oil infrastructure as major Saudi crude buyers in both Northeast and South Asia hold adequate oil reserves, while companies have a wide range of alternative supply sources. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Expect Basrah Super Light in a few years, Iraq oil minister says

1 week ago DieselGasoil Comments Off on Expect Basrah Super Light in a few years, Iraq oil minister says
Abu Dhabi — Iraq’s plans to offer a new Basrah Super Light crude grade will depend on the development of the country’s southern fields, oil minister Thamir Ghadhban said Wednesday, though he expects the stream to come online in the next few years. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Analysis: European arbitrage barrels may curb Asian sour crude rally

2 weeks ago DieselGasoil Comments Off on Analysis: European arbitrage barrels may curb Asian sour crude rally
Highlights European demand for Urals weakens with HSFO cracks Asian sour crudes see competition from Urals arbs Middle East crudes see robust demand from Asian buyers Singapore — Flows of Russian Urals crude are being diverted from Europe to Asia and could keep a lid on sour crude premiums in the East through September, crude Read More

APPEC: China’s INE to optimize deliverable crude grades for its futures contract

2 weeks ago DieselGasoil Comments Off on APPEC: China’s INE to optimize deliverable crude grades for its futures contract
Singapore — International Energy Exchange, the host of China’s crude oil futures contract, may change its deliverable crude streams to meet market needs, an executive said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We will pull out some of the less liquid crude grades from the delivery Read More

Iraq sees more demand for its crude than it can supply

2 weeks ago DieselGasoil Comments Off on Iraq sees more demand for its crude than it can supply
Abu Dhabi — Iraq is seeing more demand for its crude than it can supply, its oil minister said Tuesday ahead of a key OPEC+ ministerial meeting where supply quotas may be a contentious subject. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Until now we have seen more Read More