Energy - Asia

China’s INE adds to Sinopec’s Commercial Petroleum Reserve Co storage capacity

China’s INE adds to Sinopec’s Commercial Petroleum Reserve Co storage capacity

The additional capacity includes an extra 400,000 cubic metres at Sinopec's storage in the southern Guangdong province and 400,000 cubic metres The Shanghai International...

Oil pushes higher, but doubts grow about output cut deal

Oil pushes higher, but doubts grow about output cut deal

US benchmark West Texas Intermediate was up about five percent at $23.94 a barrel in Asian afternoon trade, after earlier rallying almost eight percent. ...

Asian gasoline margin hits record low

Asian gasoline margin hits record low

Worldwide lockdowns to limit the spread of the coronavirus have crushed petrol demand, making gasoline the worst hit oil product in terms of returns...

Asia spot LNG prices tumble to record low of $2.622/MMbtu-Platts

Asia spot LNG prices tumble to record low of $2.622/MMbtu-Platts

The previous record was on Feb. 14, when prices fell to $2.713 per MMBtu, said Ciaran Roe, head of LNG pricing at S&P Global...

Oil rises amid hope for short economic hit from coronavirus outbreak

Oil rises amid hope for short economic hit from coronavirus outbreak

Brent crude was up by 51 cents, or 0.9pc, at $58.26 a barrel by 0732 GMT, while U.S. oil was up 55 cents, or...

Oil prices fall 1pc as market weighs coronavirus impact on demand

Oil prices fall 1pc as market weighs coronavirus impact on demand

Brent crude was at $56.88 a barrel, down 79 cents, or 1.4pc, by 0746 GMT, while U.S. West Texas Intermediate crude fell 57 cents,...

Oil prices mixed as demand concerns outweigh output cut expectations

Oil prices mixed as demand concerns outweigh output cut expectations

OPEC yesterday lowered its 2020, forecast for demand for the group's crude by 200,000 bpd. Brent and WTI have fallen more than 20pc from...

U.S. oil may bounce into $51.54-$52.65 range

U.S. oil may bounce into $51.54-$52.65 range

The contract found a strong support at $49.61, the 123.6pc projection level on a downward wave (3) from $59.73. SINGAPORE: U.S. oil may bounce into...

Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns

Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns

Brent crude was up 98 cents, or 1.8pc, at $54.99 per barrel at 0335 GMT. U.S. West Texas Intermediate (WTI) rose 81 cents, or...

Oil rebounds amid broad market recovery; investors still wary

Oil rebounds amid broad market recovery; investors still wary

Brent crude rose 53 cents, nearly 1pc, to $53.80 a barrel by 0730 GMT, retreating from an intraday high of $54.16. The virus has...

Close
Close