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Shu Zhang

Oman's 2020 crude oil premiums mostly unchanged from this year: sources

09 Dec 2019

SINGAPORE Buyers of Oman crude oil have completed 2020 supply deals with premiums mostly unchanged from this year's prices, despite deeper output cuts planned by OPEC+ producers and U.S. sanctions on Iran and Venezuela, trade sources told Reuters on Monday.

Sour crude in sweet spot: Complex supply-demand recipe fires up price jump

22 Nov 2019

SINGAPORE/NEW DELHI Tighter supplies of heavy sour crude oil have combined with increased demand for the high-sulphur refining feedstock from some Asian refiners to hoist Middle East oil benchmarks to multi-year highs.

Equinor's new North Sea crude heads to Asia's top oil markets -sources

22 Nov 2019

SINGAPORE/SEOUL A new North Sea crude marketed by Norway's Equinor is making inroads into Asia's top oil importers, with several cargoes set to arrive in China, India and South Korea in the coming months, refining officials and trade sources said.

Russian ESPO crude premiums slide as China's demand softens -sources

21 Nov 2019

SINGAPORE, Nov 21 Premiums for January-loading ESPO Blend crude oil have dropped after rising to a record last month as Chinese refineries cut purchases before the Lunar New Year holidays and as refining margins fell, several trade sources said on Thursday.

Sinopec to launch $5.7 billion South China refinery in second quarter 2020, seek Kuwaiti oil: sources

20 Nov 2019

SINGAPORE China's Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said.

Sinopec to launch $5.7 bln S.China refinery in Q2 2020, seek Kuwaiti oil -sources

20 Nov 2019

SINGAPORE, Nov 20 China's Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said.

Qatar plans change in crude oil official selling prices in first quarter 2020: sources

14 Nov 2019

SINGAPORE Qatar Petroleum (QP) has told some term crude buyers in Asia this week that it plans to change the way it prices its oil early next year to align with other Middle East producers, sources with knowledge of the matter said on Thursday.

UPDATE 2-Qatar plans change in crude oil official selling prices in Q1 2020 -sources

14 Nov 2019

* OSPs to be set at differentials to Platts Oman/Dubai quotes

After 30 years in Singapore, oil trading losses force Mitsubishi to shut Petro-Diamond

07 Nov 2019

SINGAPORE/TOKYO About three years ago, Japanese oil trading firm Petro-Diamond Singapore (PDS) relocated to a bigger office in the 41-storey Millenia Tower as parent Mitsubishi Corp started combining its Tokyo trade operation with that in the city state.

Mitsubishi to shut Singapore oil-trading unit after unauthorised losses

07 Nov 2019

TOKYO/SINGAPORE Mitsubishi Corp , Japan's biggest trading group, said on Wednesday it would shut its Singapore-based crude oil and fuel trading unit after revelations in September that a trader there racked up enormous unauthorised trading losses.

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