The Urals crude market strengthened sharply Wednesday in both Northwest Europe and the Mediterranean as buying interest increased sharply to clear some remaining prompt June cargoes. Differentials for CIF Augusta Urals Aframax cargoes ...
Tags: Crude Oil, crude market
Nigerian light sweet crude Akpo has seen its values fall sharply amid weaker demand because of a drop in refining margins, trading sources said Thursday. About a month ago at the start of the trading cycle of the Nigerian June loading ...
Sellers at the 8th Asia LNG summit in Beijing Wednesday said there is a growing shortfall of LNG globally, as buyers wait on the sidelines, preferring to sign LNG term contracts linked to other indexation points rather than traditional ...
Tags: Potential LNG, gas
European ultra low sulfur diesel premiums to the front-month ICE gasoil futures contract hit their weakest level in over four months Friday as large volumes flooded the region from the Americas and the Baltic. Northwest European cargo ...
Tags: low sulfur diesel, gasoil futures
Indications or offer levels for Angolan crude oil cargoes loading in July show a mixed picture compared with June, traders said Tuesday. Most offer or indications levels for Angolan crudes loading in July were either stable or higher ...
Nearly 3 million barrels of Abu Dhabi's Murban crude is expected to move into the Mediterranean in June, according to traders, as weaker demand in Asia and expectations of a bullish summer in the Mediterranean Urals market have attracted ...
Tags: Asian Demand, Murban crude
The UK could see its first increase in offshore oil output in over a decade this year and the start of a slight recovery, BP regional vice president for Europe, Peter Mather, said Tuesday. His comments were balanced by a longer-term ...
Tags: Oil Output, offshore oil output
Nigerian crude prices are starting to fall as the remaining 15-20 Nigerian June cargoes struggle to sell due to weakening refining margins, trading sources said Monday. The remaining unsold cargoes are looking to find a home in Europe, ...
Tags: Crude Oil, Nigerian crudes
The physical North Sea market is strengthening against the paper market, reaching a six-week high on Friday and bid higher Monday, as the return of some refineries from maintenance adds to crude demand, while less output than expected is ...
Tags: Physical Crude, Increased Demand
Refining margins for sweet crudes are out-performing margins for sour crudes like Urals in Northwest Europe, Platts data shows, as lighter refined products have surged while heavier products have dropped. While cracking margins -- which ...
Tags: Sweet Crude, Gasoline
The proposed blending targets in the 2014 Renewable Fuel Standard will likely be revised higher, advocates for multiple industries said Monday. Proponents of the ethanol, biodiesel, advanced biofuels, petrochemicals and biotechnology ...
Tags: ethanol, biodiesel, biotechnology industries
Corn planting is marching its way north, but once you head north of the Mason-Dixon Line, the progress quickly slows to a crawl. State ag statistics service reports from this week -- issued despite a lack of federal-level reports from the ...
Tags: Corn, Agriculture, Food
Low-sulfur crude grades in the North Sea have dropped to more than four-month lows on differentials versus Dated Brent on pressure from competing grades in the Mediterranean. On Tuesday, Norwegian North Sea crude grade Ekofisk hit a ...
Tags: Low-sulfur crude, refinery, crude
NYMEX May crude settled $1.84 lower at $99.74/barrel Tuesday on expectations of another build in US crude stockpiles and bearish data from China and Europe. ICE May Brent settled $2.14 lower at $105.62/b. The Brent-WTI spread settled at a ...
Tags: Oil Futures, crude, NYMEX
The premium of Indonesian Minas crude to front-month May ICE Brent futures fell to a one-month low of 4 cents/barrel on Tuesday after offers from Chinaoil in the Platts Market on Close assessment process failed to elicit buying interest. ...