Articles

  • 1 week 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.

  • 1 week 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.

  • 1 week 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.

  • 1 week ago | flipboard.com | Nicholas Lua |Serene Cheong |Weilun Soon

    NowThese are the key events on day 1,146 of Russia’s war on Ukraine. Here is where things stand on Monday, April 14 : Ukraine’s Air Force said that Russian missiles and guided bombs have once more struck the city of Sumy in northeastern Ukraine. Local officials said the attack struck the city’s …

  • 2 weeks ago | bloomberg.com | Nicholas Lua |Serene Cheong

    Chinese liquefied petroleum gas buyers have prompted a price surge as they scramble to replace US supplies of the widely used fuel following Beijing’s tough response last week to Washington’s punitive tariffs. Buyers are trying to swap US cargoes that have already been purchased with alternatives, including LPG from the Middle East, traders said.

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