asian demand for waf crude oil weak despite softer brent

Asia markets shrug off Wall Street's slide to close higher;

Asian equities shrugged off the softer lead from Wall Street to close higher on Thursday as oil eked out slight gains during Asian trade.Markets on the move The Nikkei 225 (CBOE: .NKXQ) bounced 1.47 percent, or 322.8 points, to close at 22,351.12 to snap a six Get price

Price trends of oil, polymer feedstock and commodity

2011/4/10An increase in employment figures signifies a possible increase in oil demand in USA. Brent North Sea crude for delivery in May rose past US$124, the highest price since early August 2008. New York's main contract, light sweet crude for delivery in May, soared past US$111 - a level last seen in September 2008. Get price

Nigeria loses N88bn as India, US reduce oil imports —

Weak demand for Nigerian crude oil has caused the number of ships without cargoes to rise to levels not seen in recent times. As a result, the cost of sending crude oil cargoes from West Africa to Northwest Europe on Suezmaxes has dropped to the lowest level in over 14 years, Platts data has shown. Get price

Logistical Stresses Ease; Gasoline and IMO 2020 in Focus

Weak gasoline demand has had a knock-on effect through the tail end of Q4, and whether demand from the US shifts into a higher gear is likely to set the tone across the lighter end of the barrel. In the propane market, the compression of the propane-naphtha spread continued in the fourth quarter, hitting a nearly one-year low of $25.75/mt on December 6. Get price

Asian Stocks Climb as Global Growth Seen Intact

Crude Oil Rose Above $43 Per Barrel on Improved Demand Global oil prices surged on Wednesday as global demand for the commodity improved. The Brent crude oil, against which Nigerian crude oil is priced, increased from $42.68 per barrel it traded on Tuesday to $43.48 per barrel on Wednesday during the New York trading session. Get price

Asian shares slump as Yellen awaited

Crude oil extended overnight losses. Brent (LCOc1) was down 0.7 percent at $ 40.01 a barrel, while U.S. crude (CLc1) fell 0.6 percent to $ 39.16. Gold dipped slightly on Tuesday, but held above a one-month low on a softer dollar and weak U.S. economic data that dented expectations of an immediate hike in U.S. interest rates. Get price

Asian monomer markets unresponsive to multi

However, Asian monomer markets mostly defied the surge in crude amid the year-end slowness. WTI crude gains 17% in the past three months According to the weekly average data obtained from ChemOrbis Price Wizard, WTI and Brent crude oil futures gained respectively 17% and 15% since the uptrend kicked-off by the second half of October. Get price

Asian Demand for Nigerian Crude Declines

And except it gets buyers soon, the implementation of 2015 budget will be in deficit as demand for Nigeria's crude drops in the Asian market. According to Platts, a leading global provider of energy, demand from Asian buyers especially India, the biggest buyer of Nigerian crude has been on the decline, and traders expect more Nigerian crude to land in Europe in the coming months. Get price

Commodities – Commodity Trading Major

China's Importation of WAF crude oil will be cut in November due to the higher cost of shipments, while South Korean imports from West Africa will increase because of the US sanctions against Iran. In fact, Iranian exports are falling, pushing Asian refiners to look out for oil from much more further with longer journey times, pushing up shipping costs. Get price

BHP's economic and commodity outlook (FY19 half year)

Energy coal prices have benefited from strong demand from China and India, healthy demand from mature North Asian markets and supply disruptions in key export jurisdictions. Against this backdrop, the gcNewc 6000 kcal/kg FOB Newcastle index averaged $107/t over the 2018 calendar year, ranging from a high of $123/t in July to a low of $91/t in March. Get price

Commodities – Commodity Trading Major

China's Importation of WAF crude oil will be cut in November due to the higher cost of shipments, while South Korean imports from West Africa will increase because of the US sanctions against Iran. In fact, Iranian exports are falling, pushing Asian refiners to look out for oil from much more further with longer journey times, pushing up shipping costs. Get price

Nigeria loses N88bn as India, US reduce oil imports —

Weak demand for Nigerian crude oil has caused the number of ships without cargoes to rise to levels not seen in recent times. As a result, the cost of sending crude oil cargoes from West Africa to Northwest Europe on Suezmaxes has dropped to the lowest level in over 14 years, Platts data has shown. Get price

Asian shares bounce after losses, dollar sags on weak US

Crude oil prices were little changed after rising slightly on Friday on lower U.S. crude stocks, instability in major producer Nigeria and strong global demand growth. US crude was up 1 cent at $48.83 a barrel and Brent was a cent lower at $52.09 a barrel. Get price

The pain and gain from the fall in crude prices

The fall in Brent crude oil prices is definitely a boon for India, which depends largely on imported crude for its needs. More specifically, it spells good news for public sector undertakings some of whom continue to share the subsidy burden due to under recoveries (difference between the selling price and cost price of fuels sold at a subsidised rate). Get price

GLOBAL MARKETS

Brent crude last traded at $78.28 a barrel, down 1.4 percent after the Japanese data was seen hitting global demand and as Saudi Arabia reiterated the oil price should be left to supply and demand. This is a market where traders are looking for selling opportunities, said Ole Hansen, senior commodity strategist at Saxo Bank. Get price

Weakening global refining demand may offset strong

"The outlook for demand growth is softer, resulting in a 300,000 b/d lower demand level for total refined products in 2020 than what we expected in our earlier IMO reports," wrote Rick Joswick, head of Oil Trade Flow Pricing Analytics for SP Global Platts Get price

Asian monomer markets unresponsive to multi

However, Asian monomer markets mostly defied the surge in crude amid the year-end slowness. WTI crude gains 17% in the past three months According to the weekly average data obtained from ChemOrbis Price Wizard, WTI and Brent crude oil futures gained respectively 17% and 15% since the uptrend kicked-off by the second half of October. Get price

August Brent crude rose 6 cents to $66.55/bbl Thursday

ICE August Brent crude was up 6 cents to settle at $66.55/barrel on Thursday Skip to content Pricing and Online Sales Support ChemOrbis Offices : ChemOrbis China cochinachemorbis +86 (21) 6327 1212 ChemOrbis Malaysia coturkeychemorbis Get price

Asian Stocks Climb as Global Growth Seen Intact

Crude Oil Rose Above $43 Per Barrel on Improved Demand Global oil prices surged on Wednesday as global demand for the commodity improved. The Brent crude oil, against which Nigerian crude oil is priced, increased from $42.68 per barrel it traded on Tuesday to $43.48 per barrel on Wednesday during the New York trading session. Get price

Oil Prices

2014/10/1Meanwhile, crude oil on both sides of the Atlantic fell more than 1 per cent in trading on Wednesday, as the outlook for demand continued to appear bleak. The US Energy Information Administration cut its oil demand outlook on Tuesday by 90,000 barrels a day and next year by 190,000 barrels a day, indicating a lack of market for the world's surplus oil, said David Hufton of brokerage PVM. Get price

GLOBAL MARKETS

Brent crude last traded at $78.28 a barrel, down 1.4 percent after the Japanese data was seen hitting global demand and as Saudi Arabia reiterated the oil price should be left to supply and demand. This is a market where traders are looking for selling opportunities, said Ole Hansen, senior commodity strategist at Saxo Bank. Get price

Oil Prices

2014/10/1Meanwhile, crude oil on both sides of the Atlantic fell more than 1 per cent in trading on Wednesday, as the outlook for demand continued to appear bleak. The US Energy Information Administration cut its oil demand outlook on Tuesday by 90,000 barrels a day and next year by 190,000 barrels a day, indicating a lack of market for the world's surplus oil, said David Hufton of brokerage PVM. Get price

News on Crude Oil, Jet Fuel, Diesel Gasoline Cargoes

Get OPIS commodity shipping news, analysis and insight on crude oil, jet fuel, diesel and gasoline cargoes for global energy markets. Read the latest news story now. Asian Refiners Grapple With Supply Glut Again After Brief Saudi OSP Respite March 18, 2020 Get price

Commodities not in party mode

Fears of softer demand weighed heavily on the price of nickel, which was one of the worst performers last month (6). Crude Oil (Brent, US$ per barrel) 60 60 62 66 70 70 71 Crude Oil (WTI, US$ per barrel) 55 56 59 63 67 67 68 US Natural Gas (US$ per mBtu) Get price

asian demand for waf crude oil weak despite softer brent

Perfect Storm In Oil Markets: Iran amp China Will Keep Feb 17, 2012 Delving further into fundamentals, both supply and demand factors promise to push crude oil. Despite a weak global economy, Asian demand for oil is expected to rise by 0.98 million barrels Get price

Asian stocks slip as oil skids; China up – EMTV Online

Brent crude edged lower to $41.04 per barrel after hitting this year's peak of $42.54 per barrel. Asian-stocks-slip-as-oil-skids-China-up–media.jpg Share 0 previous post Sports Scene – Episode 9, 2016 next post Meadow Lea Moments – Episode 5, Popondetta Get price