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Luke Pachymuthu

Brent near three-month peak as dollar wilts on Fed stance

11 Jul 2013

SINGAPORE Brent crude steadied around three-month highs on Thursday, supported by expectations the Federal Reserve will keep its stimulus programme to aid the U.S. economy, while a sharp decline in crude inventories lifted U.S. oil to near 16-month peaks.

Brent drops toward $100 on demand worries, firm dollar

24 Jun 2013

SINGAPORE Brent crude dropped toward $100 per barrel on Monday, hurt by a stronger dollar and concerns about demand from top oil consumers the United States and China.

Brent hovers near ten-week high, Fed meeting in focus

18 Jun 2013

SINGAPORE Brent crude futures were barely changed around $105, holding not far off their strongest level in 10 weeks, as investors remained cautious ahead of a U.S. Federal Reserve meeting.

Brent slips, but stays above $104 as U.S. data supports

10 May 2013

SINGAPORE Brent oil edged down on Friday, trading in a tight range above $104 a barrel as stronger signs of a U.S. recovery and persistent doubts over the Chinese economy gave mixed signals about demand from the world's top two consumers.

Saudi awards Jubail fuel oil tender to SITME at high premium

12 Apr 2013

SINGAPORE, April 12 Saudi Arabia, the world's largest oil exporter has awarded up to 400,000 tonnes of cracked fuel oil from its joint venture refinery with Royal Dutch Shell in Jubail to the oil major's Middle East trading arm, traders said on Friday.

Brent dips toward $110 on demand worries, U.S. supply

03 Apr 2013

SINGAPORE Brent crude slipped toward $110 a barrel on Wednesday, dropping for a second straight day, as swelling oil inventories in the United States and recent weak data fuelled worries about demand from the world's top consumer.

Brent slips towards $111 on uncertainty over China recovery

01 Mar 2013

SINGAPORE Brent crude slipped toward $111 a barrel on Friday, weighed down by concerns that oil demand will be hurt if China's economy continues to sputter, the euro zone remains weak and automatic spending cuts are enacted in the United States.

Brent rises above $111 after Greek debt deal

27 Nov 2012

SINGAPORE Brent crude rose above $111 per barrel on Tuesday as optimism coursed through financial markets after Greece's international lenders reached a deal on a new debt target, although worries about a looming U.S. fiscal crisis kept a lid on gains.

Three senior members of Brightoil's fuel oil team resign - sources

24 Oct 2012

SINGAPORE Three senior members of Brightoil Petroleum's fuel oil team have resigned, industry sources with direct knowledge of the development said on Wednesday.

Three senior members of Brightoil's fuel oil team resign-sources

24 Oct 2012

SINGAPORE, Oct 23 Three senior members of Brightoil Petroleum's fuel oil team have resigned, industry sources with direct knowledge of the development said on Wednesday.

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