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