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International

Shu Zhang

Divergent growth: COVID-19-hit Asia ships more gasoline to U.S.

Jun 10 2021

NEW DELHI/SINGAPORE Exports of gasoline and blend stocks from Asia to the United States rebounded in May from April, including two rare shipments from India, to meet rising summer demand in the west, industry sources and analysts told Reuters.

Saudi Arabia expected to raise July light crude prices for Asia -survey

Jun 01 2021

SINGAPORE Top oil exporter Saudi Arabia is expected to slightly increase its July official selling prices (OSPs) of light crude for Asia, as margin weakness and demand uncertainty cap the upside despite stronger crude benchmarks, a Reuters survey showed.

China gives companies 'urgent notice' in oil import probe

May 27 2021

SINGAPORE China gave five state-owned companies until Thursday to report on their historic use of imported oil as part of a broader effort by the world's largest oil importer to control shipments as domestic supplies swell.

Saudi Arabia expected to cut June crude prices for Asia - survey

May 04 2021

SINGAPORE Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional COVID-19 outbreaks, a Reuters survey showed.

China's Iranian oil buying spree crushes demand for Brazil, Angola crude

Apr 13 2021

SINGAPORE/Rio de Janeiro, Brazil China's record imports of Iranian crude in recent months has squeezed out supply from rival producers, forcing sellers of oil from countries such as Brazil, Angola and Russia to slash prices and divert shipments to India and Europe.

Saudi Arabia meets May crude supply for most Asian buyers - sources

Apr 12 2021

SINGAPORE Top oil exporter Saudi Arabia will meet most Asian customers' requirements for May-loading crude after some buyers had asked for lower volumes partly because of refinery maintenance and higher prices, several trade sources said on Monday.

RPT-UPDATE 1-Indian Oil Corp buys its first Johan Sverdrup crude cargoes - sources

Apr 05 2021

SINGAPORE/NEW DELHI, April 5 State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday.

Indian Oil Corp buys its first Johan Sverdrup crude cargoes - sources

Apr 05 2021

SINGAPORE/NEW DELHI State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday.

UPDATE 1-Indian Oil Corp buys its first Johan Sverdrup crude cargoes - sources

Apr 05 2021

SINGAPORE/NEW DELHI, April 5 State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday.

UAE's ADNOC deepens supply cuts to Asia in June in 'fragile' market: sources

Mar 25 2021

SINGAPORE Abu Dhabi National Oil Company (ADNOC) has deepened crude oil supply cuts to Asian customers in June to 10-15% from 5-15% in May, one week ahead of an OPEC+ meeting, several sources with knowledge of the matter said on Thursday.

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