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
SINGAPORE Asia's gasoline margins have recently swung back to a premium after mainly being at discounts since the start of 2019 as rising demand from Indonesia and upcoming refinery maintenance raised supply concerns.
SINGAPORE Japan's Osaka Gas Co Ltd is considering expanding its Southeast Asia operations, a top executive said, tapping a region where natural gas demand is booming but domestic reserves are dwindling fast.
SINGAPORE Asia's gasoline margin fell to more than a two-year low late last week due to ample supplies, and the October average is now expected to be the worst for the month since 2013, based on Thomson Reuters data.
SINGAPORE China has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said, turning to the Middle East for extra supplies amid the two countries' trade dispute.
SINGAPORE Indonesia's state-owned energy company, Pertamina [PERT.UL], needs $100 billion (76 billion pounds) over the next 12 years to boost oil output growth, a senior official said on Tuesday.
SINGAPORE Emirates National Oil Company (ENOC) has chartered at least one vessel to store jet fuel to ensure supply to airlines in Dubai as pending U.S. sanctions on Iran have cut off its access to feedstocks for producing the aviation fuel, said several industry sources.
SEOUL/SINGAPORE South Korea's Hanwha Total Petrochemical Co Ltd [SMCHE.UL] has increased imports of condensate from the United States and Australia and is seeking more European cargoes to replace Iranian supplies, two industry sources said on Thursday.
SINGAPORE India's Reliance Industries has declared force majeure on gasoline exports from its Jamnagar site, four people familiar with the matter said on Wednesday, causing the profit margin from producing the fuel to jump to its highest since September.