Edition:
United Kingdom

Roslan Khasawneh

Oil steadies, but concern over spreading China virus weighs

24 Jan 2020

SINGAPORE, Jan 24 Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.

IMO's marine fuel rules sets shipping industry for a comeback in 2020: IHS

23 Jan 2020

SINGAPORE The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, according to IHS Markit.

China tax changes unlikely to boost marine fuel supply until Q2

23 Jan 2020

* State refiners apply for export quotas to bonded market -sources

Piracy spike in Singapore Strait prompts calls for tighter security

15 Jan 2020

SINGAPORE Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise in piracy incidents last year, maritime watchdog ReCAAP said on Wednesday.

China firms stock up cleaner shipping fuel overseas ahead of new emission rules

20 Dec 2019

SINGAPORE Chinese marine fuel suppliers have signed up short-term deals to buy very low-sulphur fuel oil from companies like oil major Shell , Germany's Uniper and U.S. commodities trader Freepoint ahead of a new standard on emissions for the global shipping industry that kicks in on Jan. 1.

Oil prices hit highest in 3 months as U.S.-China trade deal takes shape

13 Dec 2019

SINGAPORE, Dec 13 Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world's two biggest economies that has raised big questions about global demand for crude.

Malaysia seizes Vietnamese oil tanker that was tracked in North Korea

12 Dec 2019

KUALA LUMPUR/SINGAPORE A Vietnamese oil tanker which Reuters reported visited North Korea in February has been seized by Malaysia after it was found adrift off the Malaysian coast, maritime agency officials said.

Malaysia seizes Vietnamese oil tanker that was tracked in North Korea

12 Dec 2019

KUALA LUMPUR/SINGAPORE, Dec 12 A Vietnamese oil tanker which Reuters reported visited North Korea in February has been seized by Malaysia after it was found adrift off the Malaysian coast, maritime agency officials said.

Ship run by Chinese firm under U.S. sanctions spurns Malaysian checks: agency

11 Dec 2019

KUALA LUMPUR/SINGAPORE An oil tanker, which shipping data showed was managed by a Chinese company under U.S. sanctions, refused to allow an inspection by maritime authorities while anchored in Malaysian waters, Malaysia's maritime agency said.

UPDATE 5-Oil prices drop as trade war concerns haunt market

10 Dec 2019

* Gazprom Neft's CEO predicts oil prices at $55-$65 in Q1 2020 (Update prices, adds WSJ report)

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