- Banyu Urip breathes life into Indonesia's faltering crude output
August 23, 2016
More than 15 years after ExxonMobil discovered the Banyu Urip oil field, Indonesia is finally reaping the benefits from it as crude production from the field moves closer to peak levels, prompting the OPEC member to launch exports of the low sulfu...
- For Asian LPG buyers, it's an 'all-you-can-eat buffet'
August 18, 2016
The acute state of oversupply in Asian LPG markets can be best described by the title of a 1966 song by The Beatles -- "Here, There and Everywhere."
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- Oil traders see glimmer of profit ahead in storing crude at sea
August 05, 2016
Oil traders once again believe it’s worth heading out to sea. The market structure for Brent crude, the benchmark for more than half the world’s oil, now makes it viable to store supplies in a ship to potentially lock in profits on a sale six mont...
- India's new oil price recipe - short-term pain but long-term gain
August 05, 2016
A recent policy move by India's BJP-led government to raise prices of subsidized kerosene and LPG signals New Delhi's strong commitment towards further lowering its fuel subsidy burden and freeing up upstream companies' cash for projects, which wo...
- Around the world, weak crude demand is looking structural
August 04, 2016
Crude markets are undergoing some structural changes. As the U.S. benchmark plunged by more than 20 per cent in late July, it slipped technically into a bear phase, and Brent crude wasn’t far behind.
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