Tag Archives: Asia

Aramco Hikes Oil Prices for Asia Again

Amid the continued rally in oil prices, Saudi Aramco raised its official selling price for crude exported to Asia, with its flagship Arab Light cargos for March up by $0.60 per barrel to a total $2.80 per barrel premium over the benchmark. According to Bloomberg, this is the highest price …

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Saudi Arabia will Supply Full Volumes to Asia

Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia, Reuters has reported, citing unnamed sources familiar with the Kingdom’s moves. This will be the fourth month in a row during which Saudi Arabia has supplied full volumes, which suggests that crude oil supply is …

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Asian Buyers can’t Get Enough of U.S. Sweet Crude Oil

Sweet crude grades from the U.S. Gulf Coast have seen increased interest from Asian buyers in recent weeks, as many refiners in the world’s largest oil-importing region are purchasing more of the sweeter crude varieties, energy analytics firm Vortexa says. Asian refiners are looking for more crude of the sweeter …

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Southeast Asia Steps Up LNG Storage and Reload

LNG storage and reload activity is picking up in Southeast Asia, with at least two terminal operators offering third-party access to existing and proposed facilities. Petronas wants to add a new tank solely for storage and reload purposes at its Pengerang regasification terminal in Johor, Malaysia, and is seeking market …

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