SINGAPORE, Sept 12 (Reuters) - The global oil industry gathered in Singapore this week for the annual Asia Pacific Petroleum Conference (APPEC), the biggest event of its kind in the region.
Below is a round-up of stories from the conference and interviews with executives on the sidelines on a wide range of topics from the global oil demand-supply outlook, to U.S. crude exports and the impact of shippers’ switching to low-sulphur fuel, as mandated by the International Maritime Organization (IMO) from January 2020. TRADE, ECONOMY, DEALS Uncertainty clouds oil outlook at Asia conference Downbeat: Oil traders dwell on weaker demand growth Asia refiners’ light, sweet tooth drives change Trafigura U.S. crude exports over 1/4 of U.S. total Nayara: Iran, Venezuela cuts hits heavy oil market India’s ONGC mulls buying out petchem project Mideast may sell 20 M bpd crude to Asia by ‘40-OPEC Essar Oil UK aims for share 40% of U.S. refining EV switch may cut 13.7 M b/d oil demand by ‘40-Citi BP seeks more U.S. crude sales in Asia CNPC skips Venezuelan oil loading for 2nd month Equinor: Johan Sverdrup output 660,000 bpd by ‘22
IMO 2020 New ship norms: Dirty fuel oil down, but not out ANALYSIS-Cheaper fuel oil stalks gasoil’s lead IOC Gujarat refinery to make IMO 2020 fuels by Oct Cosmo Oil starts building IMO-compliant fuel stocks
Reporting by Asia Energy Team Editing by Kenneth Maxwell