- Export surge boosts ARA refinery margins, easing excess crude
July 24, 2017
High profit margins and a surge in exports will keep Europe’s refineries running full tilt into the autumn, helping to eat into some of the Atlantic Basin’s excess of crude oil.
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- Bangladesh opts for less long-term Qatari LNG in favour of spot supply
July 13, 2017
Bangladesh is close to signing a twice-delayed long-term liquefied natural gas (LNG) supply contract with Qatar but it will take less gas than initially planned and instead turn to spot cargoes amid a supply glut that has lower prices.
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- Swiss Singapore to start naphtha trading in Singapore, may add U.S. office - sources
July 11, 2017
Commodity trader Swiss Singapore Overseas Enterprises is expanding its trading operations in Singapore and may start an office in the United States by the end of the year, said three industry sources on Tuesday.
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- Oil bulls, stand aside
July 11, 2017
Oil bulls got their first ray of hope last week from the U.S. Energy Information Administration. Weekly data showed a sharp fall in inventories, appearing to support the notion that OPEC is finally taking chunks out of the global crude glut.
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- South Korea's energy shift targets increased LNG supply
July 10, 2017
South Korea’s shift from coal and nuclear towards renewables and liquefied natural gas for power generation could help soak up growing supplies of the super-cooled fuel in the coming years.
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