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Dec 3, 2024 | 
spglobal.com | Gawoon Phil Vahn |Charles Lee
South Korea's political conflict would pose no risk to refiners' spot and term oil products supply commitments to various customers across Asia and Oceania, though trade unions' strike could cause minor delays in domestic retail fuel supply network, refining industry sources said Dec. 4. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 26, 2024 | 
spglobal.com | Rong Wei Neo |Analyst Oceana Zhou |Gawoon Phil Vahn
President-elect Donald Trump has pledged to impose new tariffs on all imports from China, Mexico, and Canada when he assumes office in January, a decision that could potentially disrupt trade flows and drive up commodity prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 20, 2024 | 
spglobal.com | Gawoon Phil Vahn |Analyst Oceana Zhou |Sambit Mohanty
This is part of the COMMODITIES 2025 series where our reporters bring to you key themes that will drive commodities markets in 2025 Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 13, 2024 | 
spglobal.com | Takeo Kumagai |Gawoon Phil Vahn
Japan's ENEOS Holdings is "overwhelmingly active in procuring spot" crude oil, with the largest Japanese refiner open to purchasing Canadian crude alongside US and South American barrels, should it prove economical, President and CEO Tomohide Miyata said Nov. 13. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 5, 2024 | 
spglobal.com | Claudia Carpenter |Gawoon Phil Vahn
State-run Korea National Oil Corp. plans to add about 3 million barrels of crude oil and products to its strategic stockpile for national security to guard against disruptions from existing suppliers, mostly in the Middle East, CEO Dong Sub Kim said in an interview Nov. 5 in Abu Dhabi. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 4, 2024 | 
spglobal.com | Gawoon Phil Vahn |Takeo Kumagai |Yong Ren Toh
Asian crude importers remain unconcerned about OPEC+ members extending their production-cut strategy. Refiners in Japan, South Korea and Thailand can consistently secure ample US and various Latin American barrels, prioritizing logistical efficiency for crude deliveries from the Americas. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Oct 9, 2024 | 
spglobal.com | Gawoon Phil Vahn
Asian refiners generally expect oil prices to continue their downtrend for the remainder of the year; however, geopolitical tensions in the Middle East could slow the pace of decline, enabling them to better manage their price hedging positions and protect their inventory valuations. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The downtrend in oil prices so far this year has hurt refiners' inventory valuations while hedging costs have risen.
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Oct 2, 2024 | 
spglobal.com | Gawoon Phil Vahn |Sambit Mohanty
Asian refiners remain unfazed by escalating geopolitical tensions in the Middle East, with many key buyers of Persian Gulf sour crudes confident that trade flows between the Persian Gulf and Asia will not be disrupted, as Iran and Israel are likely to prefer keeping East Asia neutral in their conflict, refinery feedstock managers, analysts and traders across Asia said Oct. 2. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Sep 24, 2024 | 
spglobal.com | Takeo Kumagai |Gawoon Phil Vahn |Akihiro Gotoda
Japan has secured jet fuel supply contracts for an additional 200 flights a week bound abroad for winter schedules as part of the country's efforts to alleviate concerns over aviation fuel shortages, sources familiar with the matter told S&P Global Commodity Insights on Sept. 24. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Sep 18, 2024 | 
spglobal.com | Gawoon Phil Vahn |Mei huey Ng
Thai and Japanese refiners told S&P Global Commodity Insights they are hopeful Indonesia's Pertamina would regularly embrace Far East Russian crude and take fewer Southeast Asian barrels, putting pressure on various high premium Malaysian and Brunei light sweet grades and helping improve their feedstock procurement economics. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
