Edition:
United Kingdom

Florence Tan

Oil rises after OPEC's Barkindo says U.S. shale growth may slow in 2020

3:26am GMT

SINGAPORE Oil prices rose on Thursday after industry data showed a surprise drop in U.S. crude inventories while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support for oil.

Oil dips as U.S.-China trade deal hopes fade

13 Nov 2019

SINGAPORE, Nov 13 Oil prices dipped on Wednesday as prospects for a trade deal between the United States and China dimmed, weighing on the outlook for the global economy and energy demand.

DBS, Trafigura start blockchain trade platform in Singapore

06 Nov 2019

SINGAPORE Southeast Asia's largest bank DBS , Swiss commodities trader Trafigura [TRAFG.UL] and their partners have started a blockchain trading platform in Singapore aimed at reducing paperwork and improving trade flows, the bank said.

CORRECTED-Oil edges down; eyes on data amid trade deal hopes

04 Nov 2019

SINGAPORE, Nov 4 Oil prices eased on Monday as traders remained cautious ahead of fresh European and U.S. economic data, despite hopes for some resolution to the U.S.-China trade row that has hurt global economic growth and crimped energy demand.

Saudi Arabia may hike Dec light crude prices on better margins, demand

01 Nov 2019

SINGAPORE Top oil exporter Saudi Arabia may raise prices of light crude grades it sells to Asia in December amid higher Middle East benchmarks, while a slump in fuel oil margins may lead to a deep price cut for its heavy grade, trade sources said on Friday.

South-east Asia may become net fossil fuel importer in coming years: IEA

30 Oct 2019

SINGAPORE Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report.

RPT-Rising crude, freight costs to curb Asian oil refiners' profits

23 Oct 2019

* Jump in freight rates, crude premiums increase refiners' costs

China issues more crude oil import quotas for 2019

22 Oct 2019

SINGAPORE China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tonnes this year, a document seen by Reuters showed on Tuesday, feeding a new generation of huge refineries.

Rising crude, freight costs to curb Asian oil refiners' profits

22 Oct 2019

SINGAPORE/SEOUL Equity analysts have cut their earnings forecasts for Asia's oil refiners as a surge in oil tanker freight rates and crude premiums offset an expected boost in refining margins.

Rising crude, freight costs to curb Asian oil refiners' profits

22 Oct 2019

* Jump in freight rates, crude premiums increase refiners' costs

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