- Saudi Arabia loses oil market share to rivals in key nations
March 28, 2016
Saudi Arabia lost market share in more than half of the most important countries it sold crude to in the past three years, even as the kingdom increased output to record levels.
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- Japanese buyers hold the key to LNG market
March 28, 2016
Dr. Fereidun Fesharaki, Chairman of FGE, was recently interviewed by the Denki Shimbun. He indicated that there is as much as 80 mmt of LNG in the market which remains unsold to end- users. The market is currently facing a severe shortage of buyer...
- Fuel oil plays yields near-record volumes in March, discounts flip to premiums
March 16, 2016
Singapore, the world's top bunkering port, is in the midst of its first big fuel oil trading play since mid-2015, with nearly the same handful of traders buying and selling huge volumes of the shipping fuel, setting up wide swings in prices and sp...
- China joins India seeking better LNG contracts for buyers
March 11, 2016
China’s biggest energy company joined India in seeking to renegotiate long-term liquefied natural gas supply contracts amid a global glut that’s driving spot prices to the lowest in more than five years.
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- New Iran supply to hit Asia's naphtha margins in H2: FGE analyst
March 10, 2016
Asian refiners could see their margins for producing naphtha, a raw material used to make petrochemicals, turning negative in the second half of this year as Iran increases exports, an industry analyst said on Thursday.
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