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Seng Li Peng

RPT-UPDATE 1-Asia gasoline profits burn away to nothing as pandemic rages

Aug 04 2020

* Gasoline refining margins fall to 4 cents a barrel (Repeats story with no change to text)

Asia gasoline profits burn away to nothing as pandemic rages

Aug 03 2020

SINGAPORE Asia's gasoline refining margins nearly burned up in July, dropping to just above zero in the worst profit performance for refined fuels over the month as a new wave of coronavirus infections walloped demand recovery and swelled supplies.

Asia gasoline profits burn away to nearly nothing as pandemic rages

Aug 03 2020

SINGAPORE, Aug 3 Asia's gasoline refining margins nearly burned up in July, dropping to just above zero in the worst profit performance for refined fuels over the month as a new wave of coronavirus infections walloped demand recovery and swelled supplies.

Asia naphtha market under pressure as crackers eye cheaper alternative LPG

Jul 20 2020

* Incoming Aug volume at least 40% lower from May's record high

Asia's rising gasoline demand spells end for floating storage trend

Jun 19 2020

SINGAPORE/JAKARTA, June 19 A second and final trio of ships used as floating storage tanks for gasoline is en route to unload cargoes in Indonesia, Sri Lanka and Malaysia, according to industry sources and shipping data, showing fuel demand is growing across Asia.

Refineries around Asia join Chinese peers in ramping up oil output

Jun 09 2020

SEOUL/BANGKOK/SINGAPORE Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.

Refineries around Asia join Chinese peers in ramping up oil output

Jun 09 2020

SEOUL/BANGKOK/SINGAPORE, June 9 Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.

Ships carrying stored gasoline to discharge cargoes at Indonesia

Jun 04 2020

SINGAPORE/JAKARTA Two of six tankers used to store gasoline in Asia have arrived in Indonesia, with shipments into Asia's largest petrol importer expected to rise this month versus May as Pertamina replenishes stocks, according to industry sources and Refinitiv shipping data.

More than 280,000 tonnes of gasoline stored on Singapore, Malaysia waters

May 13 2020

SINGAPORE At least three more ships loaded with gasoline are now anchored off Malaysia and Singapore, Asia's top oil trading centre, taking the total volume of petrol sitting in the region to more than 280,000 tonnes (2.4 million barrels), three trade sources said on Wednesday.

China's renewed plastics appetite, cheap oil revive petchem margins

Apr 28 2020

SINGAPORE/SEOUL Plunging oil prices and China's industrial reboot after its coronavirus lockdown have lifted Asian petrochemical margins to over one-year highs as the country's mammoth manufacturing sector revs up its use of plastics and packaging.

World News

As UAE hails Israel accord, silence from Saudi Arabia

As media and people in the United Arab Emirates hailed the Gulf state's deal to normalise relations with Israel as a diplomatic victory that helps the Palestinians, silence reigned in Saudi Arabia, longtime figurehead of regional policy towards Israel.