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Shu Zhang

Qatar plans change in crude oil official selling prices in first quarter 2020: sources

14 Nov 2019

SINGAPORE Qatar Petroleum (QP) has told some term crude buyers in Asia this week that it plans to change the way it prices its oil early next year to align with other Middle East producers, sources with knowledge of the matter said on Thursday.

UPDATE 2-Qatar plans change in crude oil official selling prices in Q1 2020 -sources

14 Nov 2019

* OSPs to be set at differentials to Platts Oman/Dubai quotes

Mitsubishi to shut Singapore oil-trading unit after unauthorised losses

07 Nov 2019

TOKYO/SINGAPORE Mitsubishi Corp , Japan's biggest trading group, said on Wednesday it would shut its Singapore-based crude oil and fuel trading unit after revelations in September that a trader there racked up enormous unauthorised trading losses.

RPT-After 30 years in Singapore, oil trading losses force Mitsubishi to shut Petro-Diamond

07 Nov 2019

SINGAPORE/TOKYO, Nov 6 About three years ago, Japanese oil trading firm Petro-Diamond Singapore (PDS) relocated to a bigger office in the 41-storey Millenia Tower as parent Mitsubishi Corp started combining its Tokyo trade operation with that in the city state.

After 30 years in Singapore, oil trading losses force Mitsubishi to shut Petro-Diamond

06 Nov 2019

SINGAPORE/TOKYO About three years ago, Japanese oil trading firm Petro-Diamond Singapore (PDS) relocated to a bigger office in the 41-storey Millenia Tower as parent Mitsubishi Corp started combining its Tokyo trade operation with that in the city state.

After 30 years in Singapore, oil trading losses force Mitsubishi to shut Petro-Diamond

06 Nov 2019

SINGAPORE/TOKYO, Nov 6 About three years ago, Japanese oil trading firm Petro-Diamond Singapore (PDS) relocated to a bigger office in the 41-storey Millenia Tower as parent Mitsubishi Corp started combining its Tokyo trade operation with that in the city state.

China issues more crude oil import quotas for 2019

22 Oct 2019

SINGAPORE China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tonnes this year, a document seen by Reuters showed on Tuesday, feeding a new generation of huge refineries.

Russia sells crude at record premiums to Asia after freight rates surge

18 Oct 2019

SINGAPORE/MOSCOW Russia, the world's No. 2 oil producer, has become an unintended beneficiary of U.S. sanctions after an embargo on Chinese ships drove up tanker freight rates, spurring record premiums for Russian crude that takes just days to arrive in North Asia.

UPDATE 1-Russia sells crude at record premiums to Asia after freight rates surge

18 Oct 2019

* Strong Asia demand for key Russian grades drives up premiums

COSCO unit's tanker delivers oil to Exxon in Singapore

11 Oct 2019

SINGAPORE A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil, has docked in Singapore to discharge Middle East crude, shipping data on Refinitiv Eikon showed on Thursday.

World News