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Analysis: US Crude Exports Hit Record in September

Nov 8, 2016

US crude exports rose 35,000 b/d to a record 692,000 b/d in September after Brent's premium to WTI widened, an analysis of Census Bureau data released Friday showed. Brent's premium over WTI widened from 34 cents/b in May to average ...

Tags: crude exports, crude

Oil Prices to Remain Low Well Into 2016

Dec 29, 2015

Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...

Tags: Oil Prices, Crude Oil

Trafigura Grows Trading Volumes Amid Crude Oil Oversupply, Volatility

Dec 15, 2015

Switzerland-based commodity trading house Trafigura said Monday that falling oil prices, significant volatility, structural oversupply and the emergence of contango price structures have created significant opportunities in the crude and ...

Tags: Trafigura, oil prices, crude oil

Singapore Cracking Margin at Widest in 32 Months on Firm Naphtha, Weak Crude

Nov 24, 2015

The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...

Tags: Dubai crude, gasoline, sour crude

Oil Prices Rise Amid More China Imports

Aug 11, 2015

Oil prices gained Monday as data showed China imported more crude in July. China imported 30.71 million tons of crude in July, up 29 percent on year to a record high, according to the data released Sunday by General Administration of ...

Tags: crude oil, Oil prices

Differentials for CIF Augusta Urals Aframax Cargoes Climbed $0.445/Barrel Wednesday

Jun 16, 2014

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

Angolan April Crude Cargoes Have Sold Steadily So Far

Mar 4, 2014

Angolan April crude cargoes have sold steadily so far with more than half of the program already cleared, but Asian demand is expected to slow down ahead of a heavy refinery maintenance season, trading sources said Thursday. Activity on ...

Tags: Crude Cargoes, Mineral

Japan's Direct-Burning Crude Oil Demand for Power Generation Has Picked up

Feb 10, 2014

Japan's direct-burning crude oil demand for power generation has picked up since late December as a cold spell across the country has increased appetite for loadings into March in the absence of nuclear output, industry and trading sources ...

Tags: crude oil demand, power generation

Canadian Pacific to Expand Further Into The Crude Business by Railing More Heavy Grades

Oct 25, 2013

Canadian Pacific expects to expand further into the crude business by railing more heavy grades from Western Canada as new loading terminals are put into service, the rail company's executive vice president said Wednesday. "Over time we ...

Tags: Crude oil, Metallurgy, Mineral, Energy

Chinese Oil Companies Are Becoming More Active in The International Crude Trading Market

Sep 29, 2013

Chinese oil companies are becoming more active in the international crude trading market, rather than just acquiring the fuel for domestic use. China's top oil refiner, Sinopec Group, has purchased crude from the Forties oil field, the ...

Tags: oil refiner, Sinopec

Relative Strength in Premiums Showed Continued Upward Momentum Wednesday

Sep 13, 2013

Relative strength in premiums for the sour Middle Eastern crude market seen in recent days showed continued upward momentum Wednesday, as Asian refiners look to cover winter requirements and Chinese buyers look to re-stock, trading sources ...

Tags: Premiums, Metallurgy, Mineral, Energy

Sweet North Sea Crude Values Have Begun Rebounding

May 22, 2013

Sweet North Sea crude values have begun rebounding as European crude oil traders begin to take note of improving sweet refining margins, the first time in over a month that sweet margins have performed better than sour, traders said Monday. ...

Tags: Sweet North Sea, Margins

The Recent Narrowing Is Set to Continue Into The Third Quarter,with $5/b a Possibility

May 14, 2013

The recent narrowing in the Brent premium to NYMEX crude, which fell to a 17-month low of $7.48/b on Thursday, is set to continue into the third quarter, with $5/b a possibility, before widening again early next year, Goldman Sachs analysts ...

Tags: Brent/WTI, Brent premium

Asia Pacific Sweet Crude Market Is Expected to Stay on a Downward Trajectory

May 10, 2013

The Asia Pacific sweet crude market is expected to stay on a downward trajectory as it faces more competition from falling West African crude prices and an oversupply of regional spot cargoes, traders said this week. Perpetually weak ...

Tags: Sweet Crude Market, Sweet Crude

US Refiner Phillips 66 Said Wednesday It Plans to Increase Its Product Export Capacity

May 3, 2013

US refiner Phillips 66 said Wednesday it plans to increase its product export capacity by 50,000 b/d to 370,000 b/d by the end of this year and to raise the volume of less expensive North American crude it processes at its US refineries. ...

Tags: Phillips 66, Export Capacity

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