Edition:
India

Florence Tan

Oil prices fall as U.S. fuel demand remains weak

29 May 2020

* OPEC+ considers extending 9.7 mln bpd output cuts beyond June

RPT-China, India soak up oil from floating storage as demand recovers

29 May 2020

SINGAPORE, May 28 The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said.

China, India soak up oil from floating storage as demand recovers

28 May 2020

SINGAPORE The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said.

Vitol returns to Myanmar as fuel supplier after Hin Leong's exit - sources

21 May 2020

SINGAPORE/BANGKOK, May 21 Vitol returned to Myanmar as a fuel supplier in April for the first time in months after Hin Leong Trading Pte Ltd left the market, three sources with knowledge of the matter said.

China to receive rare U.S. ethanol shipment on Friday - sources

21 May 2020

SINGAPORE/BEIJING A rare ethanol shipment of U.S. origin is expected to arrive in China this month, according to three industry sources and shipping data, probably the first such cargo since the two countries struck an initial trade deal in January.

Oil prices climb more than $1 ahead of WTI June contract expiry

18 May 2020

* No sign of repeat of price rout on eve of May contract expiry

Indonesia's Pertamina to store gasoline onboard ships

27 Apr 2020

SINGAPORE Indonesia's Pertamina has chartered ships to store gasoline on the waters off Singapore, three sources said, an extremely rare move that could allow it to benefit from the price drop caused by a coronavirus-linked demand slump.

UPDATE 1-Indonesia's Pertamina to store gasoline onboard ships

27 Apr 2020

SINGAPORE, April 27 Indonesia's Pertamina has chartered ships to store gasoline on the waters off Singapore, three sources said, an extremely rare move that could allow it to benefit from the price drop caused by a coronavirus-linked demand slump.

Malaysia's Kimanis crude supply to halve in May, June: sources

22 Apr 2020

SINGAPORE The supply of Malaysia's flagship crude grade Kimanis will be halved in May and June due to weak demand and as the country has agreed to reduce production in a pact with major oil producers, two sources familiar with the matter told Reuters on Wednesday.

UPDATE 2-Banks tighten credit on Asia oil traders as Hin Leong losses add to woes - sources

22 Apr 2020

SINGAPORE, April 21 Banks and trading companies are scaling down activities in Asia following the oil price collapse and financial problems at three companies including major Singapore trader Hin Leong, according to nine sources familiar with the matter.

World News

Trump pushes military solution to unrest in U.S. cities

President Donald Trump on Tuesday said U.S. troops should take to the streets of New York City, while elsewhere five officers were shot and wounded, as police clashed with crowds nationwide protesting the killing of an unarmed black man.