asian demand for waf crude oil weak despite softer brent

    asian demand for waf crude oil weak despite softer brent

    Asian demand for WAF crude oil weak, despite softer Brent

    Asian demand for West African crudes has been weak for July barrels despite a slight fall in the Brent/Dubai premium in the past few days, as Chinese demand remained low on weak refining margins and high crude stocks.

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    WAF crude values falling as overhang builds amid low

    Oil. WAF crude values falling as overhang builds amid low refining margins Strong values for Dated Brent have lessened the attraction of crudes pd off it, such as West African grades. Chinese demand remains weak on low refining margins and rising crude stocks," a refiner said. Grades like Girassol, Nemba, Pazflor and Saturno were

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    Asian demand for West African crudes strong on weak values

    Asian demand for West African crudes is looking very strong for September after a weak July and August, because of much weaker differentials

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    Asian demand for Nov WAF crudes strong on narrow Brent

    Asian demand for West African crudes loading in November has been very strong on the back of a narrowing Brent/Dubai spread, sources said Wednesday.

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    Oil Markets in Transition and the Dubai Crude Oil Benchmark

    expense of the traditional crude oil, in order to maximise revenue.11 Despite the slowing Chinese economy, the main demand drivers in the oil markets will likely be China and the ME. 12 As a consequence, the oil flows have shifted towards Asia from almost all the producing areas.

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    Oil Could Rise Further On Stronger Asian Crude Demand

    Brent Crude • 1 day: 65.20 -0.39 Oil Could Rise Further On Stronger Asian Crude Demand By Matt Smith - Jan 16, The chart below highlights how Asia Pacific oil demand

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    WAF heavy crude grades struggle on wide Brent/Dubai EFS

    The front-month Brent-Dubai EFS hit a 17-month high of $3.53/b Tuesday,before retreating to $3.40/b Wednesday. The EFS was seen to have traded at$3.25/b Thursday morning. One potentially supportive note for West African heavy crude sales intothe Far East was the relatively cheap recent WAF-Far East VLCC freight rate.

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    Tankers: WAF VLCC freight rates hit by weak Persian Gulf

    Tankers: WAF VLCC freight rates hit by weak Persian Gulf; Subscribe. Rates for VLCCs in West Africa have fallen because of weakness in the Persian Gulf market and despite strong demand for February loading dates amid a bust of buying of the region’s heavy crudes by Asian refiners, sources said. WAF-China VLCC crude oil route hits six

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    Asian oil demand to hit record, but industry can't take

    Apr 20, 2018  Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output

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    Crude Oil Futures Fall on Weak Demand Numbers » Forex Marketz

    0.0 00 Crude oil futures, during Tuesday’s Asian trade session, were on the back foot and falling lower. There are weakening demand growth, globally, denting optimism. However, ongoing supply cuts from the Organization of the Petroleum Exporting Countries (OPEC) helped to cap these losses, so far. Also, boosting the black gold, restricting losses, were headlines

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    Global Oil Markets Podcast - Platts

    Global Oil Markets Podcast low values seen in the Angolan crude market amid weak Chinese demand and tumbling refining margins. how the clean tanker segment has stayed strong despite the

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    China, India, Japan hamper Asia oil demand growth, efforts

    Jun 23, 2017  A fuel glut in China, a hangover from demonetization in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the world’s top four oil buyers.

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    Global Forecasting Serv - Crude oil

    Global oil consumption bounced back strongly in 2010, growing by 3.2% as the global economy emerged from recession. The Economist Intelligence Unit expects growth to slow to 2.2% in 2011, as rapid consumption growth in the emerging world, particularly in China and India and the Middle East, will be offset by weakness in the US and the EU.

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    Falling Chinese Demand Could Intensify The Oil War

    Brent Crude • 14 mins: 61.31 +0.49 Falling Chinese Demand Could Intensify The Oil War the shrinking discount between WTI and Brent means that it becomes cheaper to import oil. Also, weak

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    US Crude Exports Gaining Ground - Oxford Institute for

    US Crude Exports Gaining Ground Dominic Hay, Energy Aspects . in line with a weak forward WTI-Brent strip that currently averages -$5.85 per barrel for 2018, which is enough to open the export arbitrage window from the Importantly, this Asian demand for US crude is not limited to spot purchases dictated by arbitrage

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    Oil Ps Fall on Weak Asian Industry Data, Rise in U.S

    REUTERS.COM- Oil ps fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, and as an industry data report showed an increase in U.S. crude stockpiles amid soaring output.. U.S. West Texas Intermediate crude was down 31 cents, or 0.5 percent, at $62.70 a barrel by 0446 GMT, after falling 90 cents in the previous

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    TANKER MARKET INSIGHT

    haul crude imports into the region, adding support to VLCC demand. However, continued OPEC supply cuts will likely prevent rates from rising too far. Suezmax 9,100 9,800 Asian refinery maintenance has meant that more WAF crude is staying in the Atlantic basin and being shipped on Suezmaxes rather than VLCCs. This has created pockets of demand for

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    China’s Demand For Imported Crude Set To Rise By 400,000

    Lower domestic production and continued low oil ps will lead to China’s demand for crude oil imports rising by around 400,000 bpd in 2017, according to a senior manager at Sinopec.

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    Expert Analysis: Bullish Sentiment Is Fading Fast

    Expert Analysis: Bullish Sentiment Is Fading Fast. - Supply data for crude oil, gasoline and distillate fuel was significantly more bearish than expected with help from weak refiner demand and

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    Cheap West African crude may add to glut in Asia

    Aug 08, 2014  An overhang of West African crude has grown as a shale boom has curbed exports to the United States, along with weak European refining margins and soft Asia demand. Asian

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    Oil Ps Mixed in Asian Trade - NDTV

    May 19, 2015  Singapore: Oil ps were mixed in Asia on Tuesday as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich

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    China's WAF oil loadings to slip in Oct, dented by

    Oct 05, 2017  China's loadings of West African crude are set to slide by roughly 12 percent in October, from a record level the previous month, as expensive Brent ps limited Asian appetite. The decline to

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    What Crack Spreads Say About Oil Ps OilP

    What Crack Spreads Say About Oil Ps By be a key determinant of the probable future path of crude oil (WTI) pricing. at less than 1 percent quite recently and other soft macro-economic

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    Crude Oil Daily: September 2017

    That type of market doesn't necessarily exist around the world. Saudi Arabia, for instance, sells its crude to China on a p that it sets monthly with an eye on oil futures, specifically for Brent crude. Other, less-developed oil nations sell at ps that more closely resemble a true spot market p.

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    Oil Ps Mixed in Asian Trade - NDTV

    May 19, 2015  Singapore: Oil ps were mixed in Asia on Tuesday as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich

    More

    China's WAF oil loadings to slip in Oct, dented by

    Oct 05, 2017  China's loadings of West African crude are set to slide by roughly 12 percent in October, from a record level the previous month, as expensive Brent ps limited Asian appetite. The decline to

    More

    What Crack Spreads Say About Oil Ps OilP

    What Crack Spreads Say About Oil Ps By be a key determinant of the probable future path of crude oil (WTI) pricing. at less than 1 percent quite recently and other soft macro-economic

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    Crude oil down in futures trade on weak Asian cues - The

    Nov 18, 2014  Crude oil down in futures trade on weak Asian cues At the Multi Commodity Exchange, crude oil for delivery in December shed Rs 4, or 0.09 per cent, to Rs 4,684 per barrel, with a business volume of 736 lots.

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    Commodities

    borne crude, such as Light Louisiana Sweet (LLS) crude failed to catch up with Brent. Consequently, many WAF cargoes are uncom-petitive for US refineries and are diverted to Europe instead, which further weighs on the European market. Looking ahead, we continue to see near-term weakness in the oil market driven by sluggish demand for oil products.

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    Crude oil futures down 0.28% on weak Asian cues - The

    Aug 12, 2014  NEW DELHI: Crude oil futures today fell by 0.28 per cent to Rs 5,994 per barrel as speculators trimmed positions amid a weak trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in August fell by Rs 7, or 0.28 per cent, to Rs 5,994 per barrel in 2,133 lots. Besides, oil for September delivery moved down by Rs 15, or 0.25 per cent, to Rs 5,981 per barrel in

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    Buyers shun Nigeria’s January crude cargo - Vanguard News

    Dec 23, 2014  Buyers shun Nigeria’s January crude cargo. Crude Oil. Asian and European demand for Nigeria and other West African cargoes has been slow so

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    Asia-Pacific Crude-Regionals supported by demand, weaker Brent

    SINGAPORE: The Asia-Pacific crude market remained supported by firm demand on Thursday while spot premiums for September-loading cargoes may rise to compensate for a weaker Brent benchmark.. For Russian grades, ample supplies of light crude and a narrowing of Brent’s premium to Dubai quotes have depressed spot premiums for September-loading cargoes.

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    Asia Oil Refiners Resist Run Cuts Despite Record-Low

    Asian refiners struggling with record-low margins are resisting cutting operating rates on expectations that new rules mandating the use of cleaner-burning ship fuels will boost diesel demand

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    Crude Oil Daily: September 2017

    That type of market doesn't necessarily exist around the world. Saudi Arabia, for instance, sells its crude to China on a p that it sets monthly with an eye on oil futures, specifically for Brent crude. Other, less-developed oil nations sell at ps that more closely resemble a true spot market p.

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    Crude Oil Daily: May 2017

    May 31, 2017  For the week ending May 5, 2017, the EIA reported that Cushing crude oil inventories fell by 0.4 MMbbls (million barrels) to 66.2 MMbbls in the previous week. Inventories are down 0.6% week-over-week and 2.2% year-over-year. Cushing crude oil inventories fell for the fourth consecutive week.

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    Crude Oil Daily: Oil ps are surging right now after a

    Tankers: WAF VLCC freight rates soft due to weak C Salt domes and the U.S. Strategic Petroleum Reserv Will Cushing Crude Oil Inventories Fall for 5th Co Markets - VLCC rates stand up - more newbuildings Oil ps are surging right now after a report sh

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    Cheap West African crude may add to glut in Asia

    Aug 08, 2014  An overhang of West African crude has grown as a shale boom has curbed exports to the United States, along with weak European refining margins and soft Asia demand. Asian buyers also switched to Latin America and other regions as a global glut in crude supply caused a slide in differentials for grades from multiple regions.

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    Crude Oil Daily: Global VLCC Tracker: North Asia, West

    Oct 27, 2015  * Slack in Chinese demand for Angolan crude picked up by Europe, US * West African sailings tumble to lowest in 15 months VLCC landings in North Asia during September fell to their lowest level in a year as refinery turnarounds, ullage problems, weak refining margins, and typhoon-related delays dampened demand, cFlow, Platts trade flow software

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    Perfect Storm In Oil Markets: Iran amp; China - Forbes

    Feb 17, 2012  Delving further into fundamentals, both supply and demand factors promise to push crude oil. Despite a weak global economy, Asian demand for oil is expected to rise by 0.98 million barrels per day

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    Oil Holds Above $98 but Weak Demand, Strong Dollar Weigh

    Sep 12, 2014  Brent crude oil held above $98 a barrel on Friday as the market rebounded from a two-year low but concerns over weak demand and plentiful

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    Fears of Softer Global Growth Hurt Oil -- update

    Crude Oil (BRENT) SILVER. positives are increasingly in short supply for the world economy and this will only serve to darken the outlook for oil demand," said Stephen Brennock, analyst at brokerage PVM Oil Associates Ltd. INSIGHT . OPEC+: Despite the darkening economic clouds, crude ps have still been largely supported by production

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    eia.gov

    Despite crude oil production cuts, Saudi Arabian crude oil exports to some Asian countries have increased : 12: 7: EIA expects Brent crude oil ps to average $73 per barrel in the second half of 2018, then fall to $69 per barrel in 2019 Weak demand, plentiful supply drive recent decline in oil

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    Falling Chinese Demand Could Intensify The Crude Oil War

    Falling Chinese Demand Could Intensify The Crude Oil War. The Chinese slowdown did more than drag down its own economy, it singlehandedly created financial tremors throughout the global financial

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    Oil P Fundamental Daily Forecast Traders Looking to

    Oil P Fundamental Daily Forecast Traders Looking to Establish New Balance Points after China Tariffs The wildcard remains Iran. At this time, no one is sure how much oil will be removed by

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    Platts Oil Benchmarks P Assessment Methodology

    Brent futures during Platts European Market-on-Close July 14, 2010 M O C Despite shaking off Tuesday night’s release of API stock data, which showed a build in crude stocks, and good performance of Asian and US financial markets, crude futures were unable to hold on to gains in European morning trading sell off on the back of profit taking.

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    (PDF) Oil Markets in Transition and the Dubai Crude Oil

    Oil Markets in Transition and the Dubai Crude Oil Benchmark. Asian demand growth and the increase in . s so far tend to use either WTI or Brent crude oil ps,

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    New swings for West African crudes - Oxford Institute for

    European refinery appetite for WAF light sweet crude. Broadly, WAF differentials have stayed range-bound between a $1 and $3 premium to Dated Brent since 2011, with the ebb and flow of refining demand and geopolitical supply outages determining the differentials. A constant string of outages in the WAF itself in the

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    P trends of oil, polymer feedstock and - Plastemart

    Feedstock benzene ps steadied at last week’s US$780/MT in Asia amid stronger crude oil market. Despite depressed demand for PS, styrene production figures have escalated to new heights in Asia due to the start-up of some new capacities in China as well as the resumption of

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    Oil tumbles on demand worries; stocks hit by trade

    NEW YORK (Reuters) - Oil ps slid 4% on Wednesday on higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks. The dollar index rose as trade tensions and U.S. interest rate policy remained in focus after

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    TANKER MARKET INSIGHT

    increase in cargoes from WAF, supported by additional demand in the Black Sea / MED. However, rates gave up some gains toward the end of the month, despite a stronger VLCC market. Suezmax demand should continue to find some support from a recent increase in Nigerian oil production, which recently hit 2 mb/d for the first time since October 2015.

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    OPEC

    the lower pace of economic activity. World oil demand growth estimates for 2005 have once again been adjusted to account for the lower rate of global economic growth, with China remaining the wild card for next year. OPEC crude oil production in October, based on secondary sources, is estimated at 30.23 mb/d, an increase of

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    Asian stocks slip as weak oil feeds growth worries; euro

    Jan 22, 2018  Asian stocks slipped on Thursday as weak oil ps continued to feed global growth worries, while the euro held solid gains after a policymaker poured cold

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