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Florence Tan

China demand for Angolan crude oil stalls as buyers hold out for lower prices: sources

Jun 03 2019

SINGAPORE/LONDON African crude oil sales into China, the world's biggest importer, have stalled as buyers wait for spot sale offers from top supplier Angola to fall in line with slumping benchmark prices, refining and trading sources said on Monday.

Saudi Arabia expected to hike crude prices to Asia in July for third month: sources

May 29 2019

SINGAPORE Top oil exporter Saudi Arabia is expected to raise prices for all crude grades it sells to Asia in July for a third straight month after Middle East crude benchmarks jumped, trade sources said on Thursday.

REFILE-Petrobras targets China's private refineries with oil from storage

May 28 2019

* Oil to be stored at Qingdao storage tanks leased by Petrobras

Exclusive: Operator of Venezuelan PDVSA's fleet seeks to detain tankers: document, sources

May 23 2019

German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA's oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources close to the decision.

Asia oil refiners mull run cuts with margins at 16-year low for season: sources, data

May 23 2019

SINGAPORE Asia's oil refiners are considering reducing output after margins slumped to their lowest for the season since 2003, according to industry sources and Refinitiv data.

Oil traders sell dirty Russian crude to Asian buyers

May 21 2019

SINGAPORE/MOSCOW Trading companies Vitol and Unipec are sending around 700,000 tonnes (5.1 million barrels) of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data.

Oil traders try to ship dirty Russian crude to Asia

May 20 2019

SINGAPORE/MOSCOW Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data.

RPT-Asia oil buyers, shippers go on alert after Saudi ship, facility attacks

May 15 2019

SINGAPORE/TOKYO, May 15 Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline facilities, industry sources said on Tuesday.

Asia oil buyers, shippers go on alert after Saudi ship, facility attacks

May 15 2019

SINGAPORE/TOKYO Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline facilities, industry sources said on Tuesday.

Asia's spot oil prices rise to multi-year highs on tight supply

May 14 2019

SINGAPORE Prices of Middle East and Russian spot crude grades sold in Asia hit multi-year highs as Asian oil buyers snapped up cargoes amid tighter supplies, trade sources said on Tuesday.

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