The premium traders in Asia are paying for the earliest deliveries of fuel oil is poised to slide from an eight-month high as Europe floods the region with excess supplies and Chinese refinery demand wanes. Deliveries to Singapore in June will cost an average $1.25 a metric ton more than July contracts in the second half of this month, according to the …
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SINGAPORE: Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper and spurred demand, analysts said. Upbeat employment data in the United States also buoyed sentiment and fuelled hopes demand will improve in the world’s biggest oil consuming nation, they said. New York’s main contract, light sweet crude for delivery in April was …
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SINGAPORE, MARCH 7: Oil prices were mixed in Asian trade today, with the sentiment subdued by concerns a prolonged budget stalemate in the United States could hamper recovery in the world’s biggest economy. Prices had already slipped in New York after US crude stockpiles surged by more than eight times, the expected amount, indicating weak demand in the country. New …
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(Reuters) – Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Four industry sources familiar with the situation told Reuters that Rosneft was in talks with Chinese state firm CNPC about the borrowing, which would echo a $25 …
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Asian stocks advanced, heading for a record 10th weekly advance, and crude oil gained after U.S. jobless claims held at a four-year low and German business confidence exceeded forecasts. The MSCI Asia Pacific Index added 0.3 percent as of 9:45 a.m. inTokyo, while Standard & Poor’s 500 Index futures gained 0.1 percent. The Australian dollar strengthened 0.1 percent and South …
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Iran offered India extra crude supplies on revised terms as international sanctions tighten the Middle East producer’s circle of oil customers, according to three people with knowledge of the talks. Indian refiners have yet to decide on whether they will take up Iran’s offer of additional shipments, the people said, declining to be identified because they aren’t authorized to speak …
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