A recovery in Asia's diesel demand growth is likely to be pushed back as governments of major oil consumers in the region take advantage of a tumble in oil prices to cut fuel subsidies and bolster their budgets.     Read Article  +

The Asian spot market is still in the doldrums despite the onset of winter, as weak demand from some of Asia's largest consumers keeps the price of flexible cargoes down.     Read Article   +

Our latest update of the global oil supply/demand outlook confirms our earlier bearish view; if anything, it is now even more negative. If key OPEC members continue with their output at current levels,  then we project that there could be a contr...  +

An extended slump in oil prices threatens an expansion of the liquefied natural gas industry and risks cutting returns for project developers in Australia, poised to become the world’s biggest supplier of LNG.     Read Article  +

Oil prices could be under severe downward pressure unless OPEC can reduce output to near 29 mmb/d. Despite Saudi Arabia citing to OPEC that it had cut output by some 400 kb/d in August to 9.6 mmb/d, cutting a further 1 mmb/d may be too much to sho...  +

Platts quality premiums for BFOE loadings in October showed that no QP will be applied to Ekofisk loadings. This is the first time since the QP assessment began in 2013 that no QP has been allocated to either Oseberg or Ekofisk. Platts had recent...  +

With more Buzzard expected online in the Forties stream later in September following maintenance, this may cause the diffs to widen throughout the next month. However, with the UK's Jasmine field possibly being blended into the Ekofisk stream, th...  +

Having returned fully from maintenance, China's crude imports rebounded in August, registering 17.5% y-on-y growth to 5.9 mmb/d, a 3 month high. The higher crude imports are partly due to the increase in refinery capacity this year. The start-up ...  +

Over the last decade, leading oil majors have been seeking to sell or convert their Australian refineries, which have lagged behind their newer and larger counterparts in Asia. Clsoures during this period have created the need to import nearly 30...  +

Saudi Arabia has cut OSPs for its main grades again, to Asian buyers for October. The m-on-m decline was widely anticipated, given the recent weakening of the eastern crude markets, with Dubai/Oman timespreads at a 3-year low in August. Furthermo...  +