Edition:
India

Shu Zhang

BP, Mercuria first global firms delivering oil into Shanghai contract: sources

3:48pm IST

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.

Saudi Aramco cuts August heavier crude supply for Asian refiners - sources

13 Jul 2020

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.

Zhejiang wins China's first private fuel export licence - sources

09 Jul 2020

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.

Saudi Arabia may raise August crude oil prices to Asia: survey

01 Jul 2020

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.

Saudi Aramco cuts July crude supplies to at least 5 buyers in Asia -sources

15 Jun 2020

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.

IOC seeks up to 24 million barrels of U.S. crude to diversify imports

08 Jun 2020

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.

Saudi Arabia may raise July oil prices to Asia - survey

01 Jun 2020

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.

RPT-China, India soak up oil from floating storage as demand recovers

29 May 2020

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 analysts said.

China, India soak up oil from floating storage as demand recovers

28 May 2020

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.

RPT-Woodside to improve Vincent crude quality to ride VLSFO demand -sources

22 May 2020

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.

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