
Articles
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1 week ago |
zawya.com | Jeslyn Lerh
SINGAPORE - Onshore fuel oil stockpiles at key trading hub Singapore recovered to their highest in four weeks despite lower imports being recorded, data showed on Thursday. Residual fuel inventories were at 22.34 million barrels (about 3.52 million metric tons) in the week to May 28, up 3.9% week-on-week, Enterprise Singapore data showed. Bunker demand has been largely tepid, according to several trade sources, which limited inventory drawdowns.
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1 week ago |
lanacion.com.ar | Jeslyn Lerh
By Colleen Howe, Jeslyn LerhSINGAPUR, 28 mayo (Reuters) -Los precios del petróleo subían el miércoles al considerar los inversores los riesgos de suministro después de queexportar crudo de Venezuela en virtud de una nueva autorización de activos, aunque las expectativas de una mayor producción de la OPEP+ seguían limitando las ganancias.
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1 week ago |
marketscreener.com | Jeslyn Lerh
Published on 05/27/2025 at 21:09, updated on 05/28/2025 at 02:51 SINGAPORE (Reuters) -Oil prices inched up on Wednesday as investors considered supply risks after the U.S. barred Chevron from exporting crude from Venezuela under a new asset authorisation, though expectations of more output from OPEC+ continued to limit gains. Brent crude futures rose 7 cents, or 0.1%, to $64.16 a barrel by 0640 GMT, while U.S. West Texas Intermediate crude gained 9 cents, or 0.2%, at $60.98 a barrel.
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2 weeks ago |
businesslive.co.za | Georgina McCartney |Jeslyn Lerh
Singapore — Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the key Middle East producing region. Brent futures for July rose 97c, or 1.5%, to $66.35 a barrel by 3.30am GMT. US West Texas Intermediate (WTI) crude futures for July climbed 96c, or 1.6%, to $62.99. The June WTI contract expired on Tuesday at $62.56.
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2 weeks ago |
reuters.com | Jeslyn Lerh
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, June 23, 2008. REUTERS/Ali Jarekji/File Photo Crude prices soften as OPEC+ accelerates output hikesHigh-sulphur fuel oil cracks hit record highs recentlySINGAPORE, May 20 (Reuters) - Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ eases supply controls and as fuel oil has become costly, analysts and trade sources said.
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