Akira Kamiyama News
-
Heating oil advanced on speculation that factories and utilities in Japan would buy diesel and fuel oil to replace the power output lost from nuclear plants after Japan’s strongest earthquake on record.
-
The profit from making gasoil in Asia surged to the highest in 2 ½ years and fuel oil’s loss narrowed the most in a month after Japan’s biggest earthquake knocked out power plants and refineries.
-
Rising purchases of Brent crude contracts have driven holdings of the European benchmark oil grade to the highest level in five months relative to New York futures as investors bet it’s a better gauge of global demand.
-
Qatar Marine crude is trading at the highest level in four weeks versus its official selling price as Japanese refiners replenish supplies of kerosene for heating and Saudi Arabia cuts shipments of similar grades.
-
Refining losses from producing fuel oil in Asia may widen 30 percent to the most in two years in the next month as an increase in crude processing leads to a glut.
-
The biggest gap between Asian and European diesel prices in 18 months means an increase in shipments of the fuel to the U.K. from South Korea, shipping brokers say.
-
Rising Chinese demand for energy that’s helped push shipping costs higher may lead to a fivefold increase in the premium of Asian December fuel oil over January.
-
Fuel-oil shipments to Singapore are poised to climb in September by the most in six months, widening the losses incurred by Asian refiners from producing the commodity, according to a Bloomberg survey.
-
The price of Dubai crude rose above Brent oil for the first time in three months in May, leading China, the world’s second-biggest energy user, to buy from Angola and Brazil.
-
Fuel oil shipments to Singapore from Europe and the Americas may fall as much as 20 percent in August after the profits for such cargoes slumped 26 percent in July.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page