September 25, 2018 / 11:15 AM / 3 months ago

TAKE A LOOK-Oil industry oozes confidence at APPEC as crude prices hit 4-year highs

(Adds further coverage)

SINGAPORE, Sept 25 (Reuters) - As the annual Asia Pacific Petroleum Conference (APPEC) descends on Singapore for its 34th year running, the oil industry is oozing with confidence.

With Brent crude prices breaking through $80 per barrel again, reaching levels not seen before the last downturn in late 2014, senior traders and executives from major oil producers ponder the possibility of a price push back to $100 per barrel, and whether that could trigger a serious economic slowdown especially in emerging markets like India.

See below the main stories from APPEC 2018 in Singapore.

MAJOR STORIES: > Indonesia backs $100 bln plan to boost oil output > India oil demand at 500 mln T/year by 2040 > Red flag: As oil heads up, India may cut imports > Oil could rise to $100 by 2019, merchants say > World oil demand to peak in 2035 - Unipec > Asia’s oil deficit to widen by 2025 - Total > Non-OPEC to add oil supplies next year - Vitol > Iran sanctions to knock out 1.5 mln bpd of oil

OTHER STORIES > IMO says no delays to fuel sulphur cap in 2020 > India oil demand growth to slow over next decades > U.S. producer Hess no plans to sell Asian assets > Vitol to stop Iran business amid U.S. sanctions > China’s ‘teapots’ H1/18 crude imports up by 41.4% > China’s CCCC to work with Zenrock Group to expand > China’s surplus refining capacity to soar - CNOOC > Iraq’s southern oil exports close to 3.6 mln bpd > Oil at $70 suits suppliers and consumers - KPC > Equinor to open offices in Tokyo, India > Saudi Aramco targets 50% rise in oil trade > Japan’s Cosmo Oil replaces Iran oil: > Platts eyes change in Dated Brent assessment

Compiled by Henning Gloystein

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