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.
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
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.
* Large-scale Asian processing unit outages hit naphtha
* Large-scale Asian processing unit outages hit demand for
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.
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.
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.
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.
* Crude tanker transporting Asian gasoline to S.America