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United Kingdom

Florence Tan

Iran keeps crude prices in Asia at wide discounts against Saudi oil in January

11 Dec 2018

SINGAPORE Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at 30 cents above the Platts Oman/Dubai average for January, $1 lower than the previous month, a price document reviewed by Reuters showed on Tuesday.

China's Iran oil imports to rebound in December as buyers use U.S. waivers

07 Dec 2018

BEIJING/SINGAPORE China's Iranian oil imports are set to rebound in December after two state-owned refiners in the world's largest oil importer began using the nation's waiver from U.S. sanctions on Iran, according to industry sources and data on Refinitiv Eikon.

Asian refiners' profits slump as mild weather exacerbates oil products glut

06 Dec 2018

SINGAPORE Oil refiners' profits in Asia have slumped to the lowest in more than four years after refineries ramped up output in the fourth quarter and churned out excess fuel in anticipation of stronger demand during winter.

Asian refiners' profits slump as mild weather exacerbates oil products glut

06 Dec 2018

* Refiners ramp up output and new refineries also add to supply

Exclusive: China's Unipec to buy U.S. oil after Xi-Trump tariff truce

05 Dec 2018

BEIJING/SINGAPORE Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said.

Exclusive: China's Unipec plans to buy U.S. crude oil after Xi-Trump trade war truce

05 Dec 2018

BEIJING/SINGAPORE Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, sources with knowledge of the matter said.

EXCLUSIVE-China's Unipec plans to buy U.S. crude oil after Xi-Trump trade war truce

05 Dec 2018

BEIJING/SINGAPORE, Dec 5 Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, sources with knowledge of the matter said.

As Iran supply dries up, South Korea petrochemical firms find new, costly oil sources

04 Dec 2018

SINGAPORE/SEOUL With supply from major producer Iran uncertain, big condensate user South Korea is scouring the world for alternative sources of this key ingredient in its large chemical industry to avert shortages - a process that is proving to be costly for buyers.

China imports first U.S. crude in two months, traders still wary

03 Dec 2018

SINGAPORE/BEIJING China imported its first U.S. crude oil cargo in around two months last week, according to industry sources and Refinitiv Eikon data - a deal made by an independent "teapot" refiner as larger players held off amid trade tensions.

UPDATE 2-China imports first U.S. crude in two months, traders still wary

03 Dec 2018

* Teapot refiner Yuhuang receives first U.S. crude cargo in Nov

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