SINGAPORE BP delivered 3 million barrels of Iraqi oil to the Shanghai International Energy Exchange (INE) this month, becoming the first major global trader to make a physical delivery since China launched the futures market in 2018, industry sources said on Tuesday.
SINGAPORE/NEW DELHI Saudi Arabia's state-owned oil company Saudi Aramco will reduce its August-loading shipments of medium and heavy crude grades to at least six Asian buyers, several sources familiar with the matter said on Monday.
SINGAPORE/BEIJING China has granted Zhejiang Petroleum & Chemical Co (ZPC) a licence to export refined oil products, making it the first private oil refiner to win such permission, two sources with knowledge of the matter said on Thursday.
SINGAPORE Top oil exporter Saudi Arabia may raise its August official selling price (OSP) for crude sold in Asia, hiking for a third straight month due to rising Middle East benchmarks and a rebound in Asian refining margins, industry sources said.
SINGAPORE The world's largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources said on Monday.
NEW DELHI/SINGAPORE Indian Oil Corp , the country's top refiner, is seeking to buy up to 24 million barrels of U.S. oil for delivery between October 2020 and March 2021, tender documents showed, as part of its efforts to diversify supply.
SINGAPORETop oil exporter Saudi Arabia is expected to raise its official selling price (OSP) for all grades it sells to Asia in July, to track a jump in Middle East benchmarks although overall weak refining margins could cap price gains, industry sources said.
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
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.
SINGAPORE, May 21 Woodside Petroleum
will improve the quality of Vincent crude by increasing its
flash point from July so that it can be blended into very low
sulphur fuel oil (VLSFO) and capture higher premiums, two
sources told Reuters.