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Analysis: Southeast Asia contributing heavily to ample US-Asia crude flows in 2019

10 hours ago DieselGasoil Comments Off on Analysis: Southeast Asia contributing heavily to ample US-Asia crude flows in 2019
Singapore — Southeast Asia will likely continue to play a pivotal role in support of ample US-Asia crude oil trades in the second half of 2019 despite China’s faltering appetite for US energy products, with Vietnam aiming to procure two more WTI crude cargoes over the coming quarters. Not registered? Receive daily email alerts, subscriber Read More

Vietnam’s Dung Quat refinery to receive second, third US crude cargo in Oct, Dec

11 hours ago DieselGasoil Comments Off on Vietnam’s Dung Quat refinery to receive second, third US crude cargo in Oct, Dec
Singapore — Vietnam’s 148,000 b/d Dung Quat refinery will receive its second cargo of US crude oil consisting of 1 million barrels of WTI Midland crude in October, refinery operator Binh Son Refining and Petrochemical, or BSR, said in a statement on Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Oil could skyrocket to over $100-per-barrel if Iran-US war breaks out, analysts predict

1 day ago DieselGasoil Comments Off on Oil could skyrocket to over $100-per-barrel if Iran-US war breaks out, analysts predict
A full-fledged war between the US and Iran would immediately affect global crude prices, as the recent escalation of tensions in the Middle East has already shown. The only question now is how high could crude go. Earlier in June, an adviser to Iran’s Supreme Leader Ali Khamenei warned that oil prices will spike to Read More

India looks to Russian crude as Iranian imports crash

3 days ago DieselGasoil Comments Off on India looks to Russian crude as Iranian imports crash
India and Russia continue to bolster their energy cooperation, and now India is looking at ways to establish oil shipping routes from Russia’s Far East India’s east coast. During the meeting (between India’s Oil Minister Dharmendra Pradhan with Yury Trutnev, Russia’s Deputy Prime Minister and the Russian president’s top envoy to Russia’s Far East), India and Read More

Trump calls attack on US drone a mistake by Iran, oil prices rise

4 days ago DieselGasoil Comments Off on Trump calls attack on US drone a mistake by Iran, oil prices rise
Washington — President Donald Trump called reports of Iran shooting down an unarmed, unmanned drone over the Gulf of Oman, a “mistake,” but offered little insight Thursday into what, if any, the US response would be as oil prices climbed on news of further provocation between the two nations. Not registered? Receive daily email alerts, Read More

Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels

6 days ago DieselGasoil Comments Off on Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels
Highlights South Korea’s naphtha stockpiles reach 2019 peak in April Ethylene producers keen to absorb domestic naphtha stockpiles Taiwan’s CPC Corp. seeks replacement naphtha after tanker fire Logistics jitters in Persian Gulf waters following the latest tanker fire incident could provide South Korea with a golden opportunity to offload its growing naphtha stockpiles as regional Read More

Analysis: Upstream push, crude buying strategy top India’s priority list in new term

2 weeks ago DieselGasoil Comments Off on Analysis: Upstream push, crude buying strategy top India’s priority list in new term
Reviving domestic oil consumption, attracting investment into the upstream sector and crafting a crude buying strategy amid mounting geopolitical tensions are key challenges ahead for the new Indian government as it starts office for the second term, analysts told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Vietnam’s May crude oil imports jump 63% on year to 213,191 b/d

2 weeks ago DieselGasoil Comments Off on Vietnam’s May crude oil imports jump 63% on year to 213,191 b/d
Hanoi — Vietnam’s crude imports surged 62.9% year on year to 901,628 mt (213,191 b/d) in May, preliminary data released Tuesday by Vietnam Customs showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Of the total, 817,316 mt was imported from Kuwait, up 47.7% on year, and 84,312 mt Read More

OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey

2 weeks ago DieselGasoil Comments Off on OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey
Highlights OPEC pumps 30.09 mil b/d, down 170,000 b/d from Apr Saudi output 9.70 mil b/d, lowest since January 2015 Sanctions-hit Iran at 2.45 mil b/d, near 21-yr low Iraq surges to all-time high of 4.82 mil b/d London — OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Read More

Japan sells 1.73 mil barrels of Khafji crude from SPR in Shibushi

2 weeks ago DieselGasoil Comments Off on Japan sells 1.73 mil barrels of Khafji crude from SPR in Shibushi
Tokyo — Japan’s Ministry of Economy, Trade and Industry Monday sold via tender around 275,283 kiloliters or 1.73 million barrels of Khafji crude oil from the Shibushi strategic petroleum reserves in Kagoshima, a ministry official said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is part of Japan’s Read More