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United Kingdom

Seng Li Peng

UPDATE 2-Oil rebounds amid broad market recovery; investors still wary

11 Feb 2020

* Gains may be short-lived as virus impact weighs (Updates prices)

Taiwan's Formosa to export more low sulphur fuel oil after rule change

30 Jan 2020

SINGAPORE, Jan 30 Taiwan's Formosa Petrochemical Corp said on Thursday it will continue exporting very low-sulphur fuel oil (VLSFO), which it previously only sold at home, in response to strong demand driven by new global shipping regulations.

Oil prices jump $1 after U.S air strike kills Iran, Iraq military personnel

03 Jan 2020

SINGAPORE, Jan 3 Oil prices jumped more than $1 on Friday after a U.S. air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies.

Oil steady on trade pact optimism, stock draw; eyes on MidEast

30 Dec 2019

SINGAPORE, Dec 30 Oil prices hovered around three-month highs on Monday following a higher-than-expected crude inventory drawdown and optimism over an expected U.S-China trade deal, while traders kept a close eye on Middle East unrest.

RPT-Asia to get 1.7 mln T naphtha from West, but more cargoes needed

16 Dec 2019

SINGAPORE, Dec 13 Asia is expected to receive up to 1.7 million tonnes of naphtha from the West, including Europe, the Mediterranean and the United States in January, which is more than 6% higher versus 2019's monthly average, industry sources said on Friday.

Asia to get 1.7 mln T naphtha from West, but more cargoes needed

13 Dec 2019

SINGAPORE, Dec 13 Asia is expected to receive up to 1.7 million tonnes of naphtha from the West, including Europe, the Mediterranean and the United States in January, which is more than 6% higher versus 2019's monthly average, industry sources said on Friday.

Oil kicks off week with gains on fresh hopes for U.S.-China trade talks

25 Nov 2019

SINGAPORE, Nov 25 Oil prices began the week on a brighter note on Monday, posting early gains as positive noises from Washington over the weekend rekindled optimism in global markets that the United States and China could soon sign a deal to end their bitter trade war.

Oil prices steady after two-day drop as growth concerns weigh

20 Nov 2019

SINGAPORE, Nov 20 Oil prices were steady on Wednesday, after falling the past two days, as a surge in U.S. stockpiles reinforced concerns about lacklustre global economic growth amid the trade war between the United States and China, the world's two biggest oil consumers.

Oil slips as lack of U.S.-China trade talk progress frays investor nerves

19 Nov 2019

SINGAPORE, Nov 19 U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories.

Brent price seen within $60 to $65 next year - IEEJ

30 Oct 2019

SINGAPORE Brent crude prices are expected to be around $60 to $65 a barrel next year as any possible price hikes from geopolitical risks would be countered by ongoing trade war, according to a top executive of the Institute of Energy Economics, Japan (IEEJ).

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