Edition:
United Kingdom

Chen Aizhu

RPT-Asian oil buyers grapple with rising costs as global freight rates jump

14 Oct 2019

* Mideast to China VLCC freight more than tripled in two weeks

Asian oil buyers grapple with rising costs as global freight rates jump

11 Oct 2019

* Mideast to China VLCC freight more than tripled in two weeks

China private refiner spends big on petchem, seeks JV with LyondellBasell

01 Oct 2019

SINGAPORE China's privately owned Bora Enterprise Group has started construction of a $2.5 billion petrochemicals plant in northeast China as it looks to finalize a planned joint venture with LyondellBasell Industries , company sources said.

Oil shipping rates soar as U.S. supertanker sanctions rattle crude trade

27 Sep 2019

SINGAPORE/LONDON Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.

Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO

27 Sep 2019

SINGAPORE Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.

Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO

27 Sep 2019

* Uncertainty in market over how sanctions will be implemented (Adds detail, comment from industry sources, COSCO Shipping Energy)

Unipec replaces ship charters after U.S. sanctions COSCO tanker units: sources

26 Sep 2019

LONDON/SINGAPORE China's Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China's COSCO, three shipping sources said on Thursday.

Unipec replaces ship charters after U.S. sanctions COSCO tanker units - sources

26 Sep 2019

LONDON/SINGAPORE China's Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China's COSCO, three shipping sources said on Thursday.

Ex Mitsubishi oil trader denies he hid trades-lawyer

25 Sep 2019

SINGAPORE, Sept 25 The trader fired by Mitsubishi Corp for allegedly losing $320 million in unauthorized bets on the price of oil denied wrongdoing in a statement issued by a lawyer on Wednesday.

China CNOOC to start pumping at large deepsea gas field at end-2021: official

24 Sep 2019

SANYA, China/SINGAPORE China's national offshore producer CNOOC Ltd expects its major deepwater gas field Lingshui 17-2 in the South China Sea to start its first gas production at the end of 2021, a company executive said on Tuesday.

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