Edition:
India

Seng Li Peng

Asia's rising gasoline demand spells end for floating storage trend

19 Jun 2020

SINGAPORE/JAKARTA, June 19 A second and final trio of ships used as floating storage tanks for gasoline is en route to unload cargoes in Indonesia, Sri Lanka and Malaysia, according to industry sources and shipping data, showing fuel demand is growing across Asia.

Refineries around Asia join Chinese peers in ramping up oil output

09 Jun 2020

SEOUL/BANGKOK/SINGAPORE Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.

Ships carrying stored gasoline to discharge cargoes at Indonesia

04 Jun 2020

SINGAPORE/JAKARTA Two of six tankers used to store gasoline in Asia have arrived in Indonesia, with shipments into Asia's largest petrol importer expected to rise this month versus May as Pertamina replenishes stocks, according to industry sources and Refinitiv shipping data.

More than 280,000 tonnes of gasoline stored on Singapore, Malaysia waters

13 May 2020

SINGAPORE At least three more ships loaded with gasoline are now anchored off Malaysia and Singapore, Asia's top oil trading centre, taking the total volume of petrol sitting in the region to more than 280,000 tonnes (2.4 million barrels), three trade sources said on Wednesday.

China's renewed plastics appetite, cheap oil revive petchem margins

28 Apr 2020

SINGAPORE/SEOUL Plunging oil prices and China's industrial reboot after its coronavirus lockdown have lifted Asian petrochemical margins to over one-year highs as the country's mammoth manufacturing sector revs up its use of plastics and packaging.

China's renewed plastics appetite, cheap oil revive petchem margins

28 Apr 2020

* China is top consumer, importer of polyetheylene - IHS Markit

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.

Exclusive: Head of oil trader Hin Leong didn't disclose $800 million losses - court filing

20 Apr 2020

SINGAPORE The founder and director of Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT) directed the firm not to disclose hundreds of millions of dollars in losses over several years, he said in a court filing reviewed by Reuters.

CORRECTED-EXCLUSIVE-Head of oil trader Hin Leong didn't disclose $800 mln losses-court filing

20 Apr 2020

SINGAPORE, April 19 The founder and director of top Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT) directed the firm not to disclose hundreds of millions of dollars in losses over several years, he said in a court filing reviewed by Reuters.

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