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Seng Li Peng

Asian petrochemical profits slammed by trade war crossfire, oversupply

12:51am EDT

SINGAPORE/SEOUL Profits from making petrochemicals in Asia have plunged to their lowest in months as the unrelenting trade conflict between Beijing and Washington stifles Chinese demand for chemicals and plastics just as waves of new production start to come on line.

Gasoline profit-margins jump over 150% in Asia, but surge may not last

Jul 09 2019

SINGAPORE Profits from producing gasoline have surged over 150% in Asia from June due to output cuts and refinery maintenance, industry sources said this week, but that may not last as a flood of new supply is expected to hit markets

Asian naphtha profit margins hit lowest in more than a decade

Jun 10 2019

SINGAPORE/LONDON Profit margins for making petroleum feedstock naphtha have hit their weakest in over a decade in Asia and a seven-year low in Europe as the global economy weakens and large-scale processing unit outages hurt demand.

CORRECTED-UPDATE 1-Asian naphtha profit margins hit lowest in over a decade

Jun 10 2019

* Large-scale Asian processing unit outages hit naphtha demand

Asian naphtha profit margins hit lowest in over a decade

Jun 10 2019

* Large-scale Asian processing unit outages hit demand for naphtha

Unipec, Vitol set to win tender to supply fuels to Bangladesh -sources

May 26 2019

DHAKA/SINGAPORE, May 26 Energy traders Unipec and Vitol placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy nearly 1.35 million tonnes of oil products in the second half of 2019, sources said on Sunday.

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.

Lackluster gasoline, naphtha markets pummel Asian refining margins

May 10 2019

SINGAPORE A weak light oil distillates market, awash in supplies, has sent Asia's refining margin plunging below $3 a barrel this week for the first time since February, with no short-term rebound in sight for naphtha or gasoline.

Trafigura ships more Asian gasoline to Americas on new tanker

Mar 28 2019

SINGAPORE Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who closely monitor petrol trade flows said on Thursday.

Trafigura shipping about 1 mln barrels of Asian gasoline, blendstocks to S.America -source

Mar 12 2019

* Crude tanker transporting Asian gasoline to S.America -sources

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