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2 weeks ago | 
financialpost.com | Alex Longley |Nicholas Lua
Advertisement 1So far this year, the global benchmark has averaged close to US$73 a barrel, the lowest since 2021Article contentOil headed for its largest monthly decline since November 2021 on signs the U.S.-led trade war is hurting economic growth and energy demand at a time when the OPEC+ alliance has been loosening supply curbs. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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2 weeks ago | 
bloomberglinea.com | Nicholas Lua |Yongchang Chin |Gaby Oráa
Bloomberg — El mercado mundial del petróleo se encuentra en estos momentos en un territorio muy poco habitual, con unos precios de futuros que apuntan a una estrechez a corto plazo al tiempo que señalan un “superávit significativo” a más largo plazo, según Morgan Stanley (MS).
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2 weeks ago | 
bloomberg.com | Nicholas Lua |Yongchang Chin
(Bloomberg) -- The global oil market is in very rare territory right now, with futures pricing that points to near-term tightness while also flagging a “meaningful surplus” further out, according to Morgan Stanley. “The Brent forward curve has an unusual shape at the moment: downward sloping across the first nine contracts and upward sloping thereafter,” analysts including Martijn Rats and Charlotte Firkins said in a note.
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2 weeks ago | 
flipboard.com | Nicholas Lua |Yongchang Chin
4 hours ago(Reuters) -A group of banks including Morgan Stanley, Bank of America, Barclays and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk's $44 billion buyout of social media platform Twitter, now called X, the Wall Street Journal reported on Monday, citing people familiar with …
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3 weeks ago | 
news.bloomberglaw.com | Serene Cheong |Nicholas Lua
Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates. The LPG buyers, seeking to swap US cargoes bought earlier with alternatives, have found that Persian Gulf producers including Saudi Aramco are able to help with those requests, according to traders.
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3 weeks ago | 
financialpost.com | Serene Cheong |Nicholas Lua
The LPG buyers, seeking to swap US cargoes bought earlier with alternatives, have found that Persian Gulf producers including Saudi Aramco are able to help with those requests, according to traders. As many as seven supertankers — or very-large gas carriers — carrying US LPG and set to arrive in China in May and June will now head to India and Southeast Asia, the traders said, asking not to be named as they’re not authorized to speak publicly.
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3 weeks ago | 
bloomberg.com | Serene Cheong |Nicholas Lua
(Bloomberg) -- Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates. The LPG buyers, seeking to swap US cargoes bought earlier with alternatives, have found that Persian Gulf producers including Saudi Aramco are able to help with those requests, according to traders.
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4 weeks ago | 
bloomberg.com | Jack Wittels |Nicholas Lua
(Bloomberg) -- One of the oil market’s dirtiest fuels is giving many refiners’ margins a boost as the industry contends with a weaker demand outlook. High-sulfur fuel oil — a gloopy substance used in power generation and as ship fuel — is the strongest it’s been for the time of year against crude since 2020 in Europe and since 2022 in Singapore, according to figures from commodity data provider General Index.
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1 month ago | 
news.bloombergtax.com | Nicholas Lua |Serene Cheong |Weilun Soon
It’s been just days since China responded to US tariffs with its own set of eye-watering levies, but one corner of the petroleum market is already in crisis as bilateral trade collapses between the two heavyweights. The price of propane, a type of liquefied petroleum gas, has plummeted in the US because selling to China, its biggest customer after Japan, is no longer viable.
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1 month ago | 
news.bloomberglaw.com | Nicholas Lua |Serene Cheong |Weilun Soon
It’s been just days since China responded to US tariffs with its own set of eye-watering levies, but one corner of the petroleum market is already in crisis as bilateral trade collapses between the two heavyweights. The price of propane, a type of liquefied petroleum gas, has plummeted in the US because selling to China, its biggest customer after Japan, is no longer viable.
