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Selling interest in Murban crude oil drives liquidity in Oman partials

3 hours ago DieselGasoil Comments Off on Selling interest in Murban crude oil drives liquidity in Oman partials
Singapore — Strong selling interest this month in Abu Dhabi’s Murban crude oil is driving trading activity for Oman partials in the Platts Market on Close assessment process this month, as traders tackle weak demand in the broader market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Spot differentials Read More

Kuwait suspends, redirects flights as weather worsen

18 hours ago DieselGasoil Comments Off on Kuwait suspends, redirects flights as weather worsen
CAIRO (Reuters) – Kuwait suspended all departing flights from the capital’s airport on Wednesday due to the extreme weather which has hit the Gulf state in recent days and caused floods. “All flights departing from Kuwait international airport are suspended ‘Precautionary’, and arriving flights will be redirected to Dubai international airport, Bahrain international airport and Read More

Singapore Airlines finds premium economy a tougher sell on new non-stop U.S. flights

1 day ago DieselGasoil Comments Off on Singapore Airlines finds premium economy a tougher sell on new non-stop U.S. flights
SINGAPORE (Reuters) – Singapore Airlines Ltd (SIAL.SI) is facing no problem selling business class tickets on its ultra-long non-stop flights to the United States but is having to price premium economy seats very attractively, a senior executive said on Wednesday. FILE PHOTO: Singapore Airlines planes are pictured on the tarmac at Changi Airport March 28, Read More

Slump in Brent futures push front month EFS to near-four month lows

1 day ago DieselGasoil Comments Off on Slump in Brent futures push front month EFS to near-four month lows
Singapore — Falling ICE Brent crude oil futures prices have caused the Brent/Dubai Exchange of Futures for Swaps, a key indicator of ICE Brent’s premium to benchmark cash Dubai, to touch near four-month lows. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Higher cracking margins for heavier crude grades Read More

Analysis: Trading in Middle East sour crude falters in bearish market

1 day ago DieselGasoil Comments Off on Analysis: Trading in Middle East sour crude falters in bearish market
Singapore — Trading in January-loading barrels in the spot market for Middle East sour crudes has been on an indefinite pause since the start of the month as traders try to gauge market direction amid a series of bearish signals. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Nothing Read More

IMO 2020 expected to tighten jet fuel market in medium term

1 day ago DieselGasoil Comments Off on IMO 2020 expected to tighten jet fuel market in medium term
Singapore — The upcoming regulation limiting the global sulfur content in marine fuels to 0.5% is expected to have a knock-on effect on jet fuel markets, panelists at a global jet fuel conference said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “While 2020 looks oversupplied from a Read More

Paradigm Group expands with Offices in China and the Middle East

2 days ago DieselGasoil Comments Off on Paradigm Group expands with Offices in China and the Middle East
11/13/2018 THE NETHERLANDS — Paradigm Group, the global Dutch innovation and technology company, for the upstream oil and gas industry, has recently opened offices in both China and the Middle East to cater for an increase in international sales and service demand. ChunSheng Fan known as “Fan” is heading up the Paradigm Group operations from Read More

Abu Dhabi signals global ambition with 2 MMbbl oil hike

2 days ago DieselGasoil Comments Off on Abu Dhabi signals global ambition with 2 MMbbl oil hike
By Anthony DiPaola, Manus Cranny and Mahmoud Habboush on 11/13/2018 DUBAI, LONDON and ABU DHABI (Bloomberg) –Abu Dhabi signaled its ambitions to send more oil and gas around the world as it woos investors to fields at home and hunts for assets abroad.  As state-owned Abu Dhabi National Oil taps partnerships to raise domestic oil Read More

Trading interest in Murban crude oil cargoes resumes on Platts crude MOC in Nov

2 days ago DieselGasoil Comments Off on Trading interest in Murban crude oil cargoes resumes on Platts crude MOC in Nov
London — Trading in full-sized cargoes of Murban crude oil resumed during the Platts Market on Close assessment process this month, with persistent offers over several days culminating in one 500,000-barrel clip being traded on Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil major Total initially offered Read More

Saudis see need for major supply cut amid fears of glut

3 days ago DieselGasoil Comments Off on Saudis see need for major supply cut amid fears of glut
By Grant Smith, Anthony DiPaola, Mohammed Aly Sergie and Mahmoud Habboush on 11/12/2018 LONDON, DUBAI and ABU DHABI (Bloomberg) — Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices.  Producers Read More