- BFOE loadings for October showed zero QP to Ekofisk loadings
September 30, 2014
Platts quality premiums for BFOE loadings in October showed that no QP will be applied to Ekofisk loadings.
This is the first time since the QP assessment began in 2013 that no QP has been allocated to either Oseberg or Ekofisk. Platts had recent...
- More Buzzard expected online in September
September 30, 2014
With more Buzzard expected online in the Forties stream later in September following maintenance, this may cause the diffs to widen throughout the next month.
However, with the UK's Jasmine field possibly being blended into the Ekofisk stream, th...
- Chinese crude imports registered y-on-y growth, August 2014
September 30, 2014
Having returned fully from maintenance, China's crude imports rebounded in August, registering 17.5% y-on-y growth to 5.9 mmb/d, a 3 month high.
The higher crude imports are partly due to the increase in refinery capacity this year. The start-up ...
- Australia to absorb some of Asia's excess oil products volumes
September 30, 2014
Over the last decade, leading oil majors have been seeking to sell or convert their Australian refineries, which have lagged behind their newer and larger counterparts in Asia.
Clsoures during this period have created the need to import nearly 30...
- Weakening eastern crude markets to blame for Saudi Arabia cutting OSPs?
September 30, 2014
Saudi Arabia has cut OSPs for its main grades again, to Asian buyers for October.
The m-on-m decline was widely anticipated, given the recent weakening of the eastern crude markets, with Dubai/Oman timespreads at a 3-year low in August. Furthermo...