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Seng Li Peng

Oil kicks off week with gains on fresh hopes for U.S.-China trade talks

25 Nov 2019

SINGAPORE, Nov 25 Oil prices began the week on a brighter note on Monday, posting early gains as positive noises from Washington over the weekend rekindled optimism in global markets that the United States and China could soon sign a deal to end their bitter trade war.

Oil prices steady after two-day drop as growth concerns weigh

20 Nov 2019

SINGAPORE, Nov 20 Oil prices were steady on Wednesday, after falling the past two days, as a surge in U.S. stockpiles reinforced concerns about lacklustre global economic growth amid the trade war between the United States and China, the world's two biggest oil consumers.

Oil slips as lack of U.S.-China trade talk progress frays investor nerves

19 Nov 2019

SINGAPORE, Nov 19 U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories.

Brent price seen within $60 to $65 next year - IEEJ

30 Oct 2019

SINGAPORE Brent crude prices are expected to be around $60 to $65 a barrel next year as any possible price hikes from geopolitical risks would be countered by ongoing trade war, according to a top executive of the Institute of Energy Economics, Japan (IEEJ).

Oil prices extend losses as weak China data compounds U.S.-China trade deal doubts

15 Oct 2019

SINGAPORE, Oct 15 Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week.

Asia gets more European naphtha but Saudi factor supports prices

08 Oct 2019

SINGAPORE Naphtha arrivals in Asia this month from the West including Europe and the Mediterranean are seen recovering from a three-month low in September to a two-month high of about 1.3 million tonnes, industry sources said on Tuesday.

Taiwan's Formosa to operate refinery at near 70% due to maintenance

03 Oct 2019

SINGAPORE, Oct 3 Taiwan's Formosa Petrochemical Corp aims to lower its October average run rate at the 540,000-barrel-per-day (bpd) Mailiao refinery to about 70% from more than 87% last month due to maintenance, its spokesman said on Thursday.

Oil product shipping rates in Asia hit near two-week high after U.S. sanctions

27 Sep 2019

SINGAPORE Freight rates for shipping naphtha and other clean oil products from the Middle East to Japan have jumped 13% to their highest levels in nearly two weeks after Washington imposed sanctions on tanker subsidiaries of China's COSCO, according to industry sources and Refinitiv data.

Oil product shipping rates in Asia hit near two-week high after U.S. sanctions

27 Sep 2019

SINGAPORE Freight rates for shipping naphtha and other clean oil products from the Middle East to Japan have jumped 13% to their highest levels in nearly two weeks after Washington imposed sanctions on tanker subsidiaries of China's COSCO, according to industry sources and Refinitiv data.

Oil product shipping rates in Asia hit near 2-week high after U.S. sanctions

27 Sep 2019

SINGAPORE, Sept 27 Freight rates for shipping naphtha and other clean oil products from the Middle East to Japan have jumped 13% to their highest levels in nearly two weeks after Washington imposed sanctions on tanker subsidiaries of China's COSCO, according to industry sources and Refinitiv data.

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