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Seng Li Peng

Indian Oil targets textiles in hunt for margins

14 Sep 2020

NEW DELHI/SINGAPORE Indian Oil Corp will expand its petrochemicals capacity and integrate it with its textile business to help offset the impact of low refining margins, the chairman of India's largest refiner said on Monday.

Asia to import record LPG in 2020 as pandemic boosts demand for protective gear, cooking

19 Aug 2020

SINGAPORE Asia will likely import record volumes of liquefied petroleum gas (LPG) in 2020 as firms snap up the fuel to make petrochemicals used in protective gear against the coronavirus, while households under lockdown ramped up purchases for cooking.

RPT-UPDATE 1-Asia gasoline profits burn away to nothing as pandemic rages

04 Aug 2020

* Gasoline refining margins fall to 4 cents a barrel (Repeats story with no change to text)

Asia gasoline profits burn away to nothing as pandemic rages

03 Aug 2020

SINGAPORE Asia's gasoline refining margins nearly burned up in July, dropping to just above zero in the worst profit performance for refined fuels over the month as a new wave of coronavirus infections walloped demand recovery and swelled supplies.

Asia gasoline profits burn away to nearly nothing as pandemic rages

03 Aug 2020

SINGAPORE, Aug 3 Asia's gasoline refining margins nearly burned up in July, dropping to just above zero in the worst profit performance for refined fuels over the month as a new wave of coronavirus infections walloped demand recovery and swelled supplies.

China's fuel exports poised for a strong rebound this month and next - sources

28 Jul 2020

SINGAPORE China's gasoline and gasoil exports are set for a strong rebound in July and August, industry sources said, as companies make the most of rising global fuel demand and higher prices to pare back growing fuel inventories.

Asia naphtha market under pressure as crackers eye cheaper alternative LPG

20 Jul 2020

* Incoming Aug volume at least 40% lower from May's record high

Asia's rising gasoline demand spells end for floating storage trend

19 Jun 2020

SINGAPORE/JAKARTA, June 19 A second and final trio of ships used as floating storage tanks for gasoline is en route to unload cargoes in Indonesia, Sri Lanka and Malaysia, according to industry sources and shipping data, showing fuel demand is growing across Asia.

Refineries around Asia join Chinese peers in ramping up oil output

09 Jun 2020

SEOUL/BANGKOK/SINGAPORE Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.

Refineries around Asia join Chinese peers in ramping up oil output

09 Jun 2020

SEOUL/BANGKOK/SINGAPORE, June 9 Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.

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