BEIJING/SINGAPORE: China has bought enough spot crude from the Middle East, Africa and Russia in January to replace lost Iranian oil supply, trade sources said on Friday, putting it in a strong position as it tussles with the Islamic Republic over (...)
SINGAPORE: Taiwan's Formosa Petrochemical Corp sold nearly 2.0 million barrels of Oman crude for August loading in the spot market after a blast forced it to shut its refinery in late July, trade sources said on Thursday.
The company declined to (...)
SINGAPORE: Front-month Brent/Dubai Exchange of Futures for Swaps (EFS) for September jumped on Wednesday to the highest since December 2008 when OPEC producers began record supply curbs.
The spread between the price markers for Atlantic Basin and (...)
TOKYO/SINGAPORE: Kuwait has notified at least two Asian buyers they will curb crude supplies in July-September by 5 percent below contracted volumes, but will supply full term supplies for the period to at least one in Asia, sources said on (...)
SINGAPORE: Qatar sold via tender up to five cargoes of Deodorized Field Condensate (DFC) for loading in July at stronger differentials on firm naphtha cracks, traders said on Friday.
Qatar International Petroleum Marketing Co, also known as (...)