United States

Henning Gloystein

8:53pm EDT

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

SINGAPORE Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.

6:39am EDT

Indonesia port graft investigation disrupting coal shipments

JAKARTA/SINGAPORE Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia.

5:29am EDT

Saudi king's Asia tour trumpets Aramco's moves downstream

(Refiles this March 20 story to clarify in paragraph seven that RAPID will be one of Aramco's biggest new refinery projects outside Saudi Arabia.)

Mar 16 2017

Halfway into 2017's oil supply cut, Asia remains awash with fuel

SINGAPORE Halfway into an OPEC-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect.

Feb 22 2017

OPEC cuts, weak freight rates help traders profit on Asia crude routes

SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year.

Feb 21 2017

Singapore carbon tax would hit refiners, help renewables

SINGAPORE Singapore's proposed plan to tax greenhouse gas emissions would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century.

Feb 16 2017

Oil firms as OPEC floats extended output cut; markets still bloated

SINGAPORE, Feb 17 Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang.

Feb 10 2017

As coal shortfall looms, miners enjoy unexpected boom

SINGAPORE Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction.

Feb 10 2017

Australia heat wave causes firms to power down but blackouts avoided

SYDNEY/MELBOURNE Major energy users in Australia shut down on Friday, and the public were asked not to go home and cook or watch television, averting big blackouts amid strained supplies as an extreme heat wave moved from the desert interior to the east coast.

Feb 10 2017

Oil prices rise on strong Chinese imports, OPEC-led production cuts

SINGAPORE Oil prices edged up on Friday, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories still weighed on the market.

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