Edition:
United States

Florence Tan

Indian Oil signs first annual deal for U.S. oil

Feb 18 2019

NEW DELHI/SINGAPORE Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday.

Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent

Feb 10 2019

SINGAPORE Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy oil, traders and analysts said.

Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent

Feb 10 2019

SINGAPORE Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said.

GRAPHIC-Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent

Feb 10 2019

* Sour crude mainly produced in Middle East, Canada, Latin America

Saudi Arabia may hold most oil prices to Asia steady in March, Venezuela impact eyed

Jan 31 2019

SINGAPORE Saudi Arabia is expected to keep prices for most of the crude grades it sells to Asia little changed in March, with most attention on heavier grades following sanctions on Venezuela, traders said on Thursday.

Hit by sanctions, Asia's Iran crude oil imports drop to three-year low in 2018

Jan 30 2019

SINGAPORE Iranian crude oil imports by Asia's top four buyers dropped to the lowest volume in three years in 2018 amid U.S. sanctions on Tehran, but China and India stepped up imports in December after getting waivers from Washington.

South Korea's big buys on U.S. oil, gas to keep bilateral ties strong

Jan 30 2019

SEOUL/SINGAPORE South Korea's purchases of U.S. oil and gas this year will hold to the rapid pace set in 2018, likely narrowing its trade surplus with the world's top economy further and bolstering its ties to Washington.

Crude awakening: Chinese oil demand rebounds as independent refiners restock

Jan 28 2019

SINGAPORE Chinese demand for crude oil is rebounding as independent refiners push to buy before prices climb further from low levels hit late last year, restocking with supplies that will arrive in March and April, trade sources said.

China's Sinopec reveals $687 million oil trading loss

Jan 25 2019

BEIJING/SINGAPORE Sinopec Corp said its trading unit Unipec lost 4.65 billion yuan (525.64 million pounds) on crude oil hedging in the fourth quarter, one of China's largest derivatives trading losses in nearly a decade.

UPDATE 1-China's Sinopec reveals $687 mln oil trading loss

Jan 25 2019

* Wrong calls on the market led to losses in derivatives trade

World News