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United Kingdom

Shu Zhang

Saudi Arabia may keep November crude prices to Asia little changed

29 Sep 2020

SINGAPORE Top oil exporter Saudi Arabia is expected to keep its November official selling prices (OSPs) little changed for Asian buyers in line with Middle East benchmarks, a survey showed on Tuesday.

Oil prices hover around multi-week lows on demand worries

03 Sep 2020

SINGAPORE/MELBOURNE Oil prices were hovering around multi-week lows on Thursday as worries about falling U.S. gasoline demand and sluggish economic recovery from the COVID-19 pandemic dented sentiment.

South Korea imports oil from China storage in rare flow - sources, Eikon

01 Sep 2020

SEOUL/SINGAPORE South Korean refiners have bought nearly 2 million barrels of Omani crude from Chinese storage tanks in the past two months, seldom seen trades created by low prices and high inventories, according to trade sources and shipping data on Refinitiv Eikon.

Headache for OPEC as oil market structure signals return of glut

30 Jul 2020

SINGAPORE/LONDON Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil's collapse in April and May amid the coronavirus pandemic.

Saudi Arabia may cut September crude oil prices to Asia: survey

30 Jul 2020

SINGAPORE Top oil exporter Saudi Arabia may cut its September official selling price (OSP) for crude sold in Asia, tracking falling Middle East benchmarks and weak refining margins, according to industry sources.

ChemChina buys Gazprom Neft's first Arctic oil cargo for China: sources

16 Jul 2020

MOSCOW/SINGAPORE Russia's Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday.

BP, Mercuria first global firms delivering oil into Shanghai contract

14 Jul 2020

SINGAPORE BP delivered 3 million barrels of Iraqi oil to the Shanghai International Energy Exchange (INE) this month, becoming the first major global trader to make a physical delivery since China launched the futures market in 2018, industry sources said on Tuesday.

Saudi Aramco cuts August heavier crude supply for Asian refiners - sources

13 Jul 2020

SINGAPORE/NEW DELHI Saudi Arabia's state-owned oil company Saudi Aramco will reduce its August-loading shipments of medium and heavy crude grades to at least six Asian buyers, several sources familiar with the matter said on Monday.

Zhejiang wins China's first private fuel export license: sources

09 Jul 2020

SINGAPORE/BEIJING China has granted Zhejiang Petroleum & Chemical Co (ZPC) a license to export refined oil products, making it the first private oil refiner to win such permission, two sources with knowledge of the matter said on Thursday.

UPDATE 2-Zhejiang wins China's first private fuel export licence - sources

09 Jul 2020

SINGAPORE/BEIJING, July 9 China has granted Zhejiang Petroleum & Chemical Co (ZPC) a licence to export refined oil products, making it the first private oil refiner to win such permission, two sources with knowledge of the matter said on Thursday.

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