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Asia middle distillates ease on anticipated Saudi’s production return

11 hours ago DieselGasoil Comments Off on Asia middle distillates ease on anticipated Saudi’s production return
Singapore — The Asian middle distillates markets eased on expectations that Saudi Arabia would restore most of the crude oil production affected by Saturday’s attacks on two of its key oil facilities by the end of the month, trade sources said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Crude oil futures slip on Saudi reassurance, bearish US stock data

13 hours ago DieselGasoil Comments Off on Crude oil futures slip on Saudi reassurance, bearish US stock data
Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Wednesday following reassurances by Saudi Arabia that it would be able to resume production in two weeks and after the release of bearish US data on last week’s oil stocks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Middle East tension pushes Asian gasoil EFS to 42-week low, opens arbitrage window

1 day ago DieselGasoil Comments Off on Middle East tension pushes Asian gasoil EFS to 42-week low, opens arbitrage window
Singapore — The front-month October gasoil Exchange of Futures for Swaps widened to its lowest level this year, opening the arbitrage window for Asian suppliers to divert surplus distillate cargoes to Europe, to plug a potential supply shortage amid geopolitical tensions in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Factbox: Crude prices surge as Saudi attacks expose lack of global spare capacity

2 days ago DieselGasoil Comments Off on Factbox: Crude prices surge as Saudi attacks expose lack of global spare capacity
London — Oil markets are feeling the ramifications of the attacks on Saudi Arabia’s key Abqaiq processing facility and Khurais oil field over the weekend, which pushed crude futures up by more than 15% when markets opened Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The threat of Read More

Refinery News Roundup: Turnarounds in Asia-Pacific coming to an end

6 days ago DieselGasoil Comments Off on Refinery News Roundup: Turnarounds in Asia-Pacific coming to an end
London — Mangalore Refinery and Petrochemicals Ltd. has begun to restart its crude distillation unit after fixing damage caused by heavy rain, company officials said. The refinery shut Phase-III process units during the third week of August as a precautionary measure after a landslide caused by heavy rain. Not registered? Receive daily email alerts, subscriber Read More

Analysis: US distillate stock build trumps crude inventory draw

7 days ago DieselGasoil Comments Off on Analysis: US distillate stock build trumps crude inventory draw
New York — A larger-than-expected rise in US distillate stocks trumped a decline in crude inventories Wednesday, helping to pull the oil futures complex lower. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now US distillate stocks rose 2.7 million barrels to 136.23 million barrels last week, data from the Read More

UAE’s Ruwais upgrade may boost naphtha, middle distillates output: OMV CEO

1 week ago DieselGasoil Comments Off on UAE’s Ruwais upgrade may boost naphtha, middle distillates output: OMV CEO
Abi Dhabi — An upgrade of the Ruwais refinery, Abu Dhabi National Oil Co.’s biggest processing facility, may help boost naphtha and middle distillates output thanks to the introduction of new crudes other than Murban, according to the CEO of OMV, one of three shareholders in ADNOC Refining. Not registered? Receive daily email alerts, subscriber Read More

APPEC: Japan’s Cosmo Oil likely to supply IMO compliant bunker fuels by Oct

1 week ago DieselGasoil Comments Off on APPEC: Japan’s Cosmo Oil likely to supply IMO compliant bunker fuels by Oct
Singapore — Cosmo Oil, Japan’s third largest refiner, will likely be ready to commercially supply 0.5 sulfur compliant bunker fuels by October, ahead of the International Maritime Organization’s low sulfur mandate starting January 1, 2020, Mitsuyasu Kawaguchi, general manager of crude oil and tanker department, supply unit, Cosmo Oil, said Tuesday. Not registered? Receive daily Read More