Здравствуйте. Вся информация этого сайта бесплатна без рекламы. Вы можете сделать пожертвование и поддержать развитие этого сайта. Спасибо.

Hello. This site is free without ads. You can make a donation and support the development of this site. Thank you.

2017-10-13 12:50:00

U.S. OIL FOR ASIA

U.S. OIL FOR ASIA

PLATTS A fresh wave of North American crude cargoes could reach the Far East in the coming months, with an estimated 6 million barrels or more of light sweet US grades loading in November expected to find a home in Asia as regional end-users step up efforts to find cheaper feedstocks amid sustained strength in the Middle Eastern crude complex, Asian trade sources said.

Asian refiners have been actively searching for affordable North American crude supplies for processing in winter, and at least four VLCC vessels carrying WTI Midland, Eagle Ford crude and condensate for lifting in November will make the journey to the East, three market sources familiar with the matter told S&P Global Platts.

"At least two VLCCs were snapped up by South Korean end-users," a trading source based in Seoul with knowledge of the deals said, indicating that the delivery should be made by late December or early January.

An oil major is expected to bring one of the November-loading VLCC cargoes to Asia, while the latest shipping fixtures indicating that Glencore is scheduled to deliver a minimum 1 million-barrel cargo of US crude for loading over November 25-30 from the US Gulf Coast to an unidentified Northeast Asian refiner, the sources said.

Market talk also indicated that Trafigura could also bring one November-loading VLCC vessel carrying Eagle Ford crude and condensate to Asia. However, trading managers at the European trading firm could not immediately be reached for comment and the details could not be confirmed.

"Some of the [November VLCC] cargoes are for co-loading [with non-US grades] ... I have counted at least 6 million barrels [of US crude grades] so far but there could be many more new [November cargo] deals to come," said an Asian trading source.

The pending influx of US crude cargoes in late Q4 and early 2018 would help extend the robust US-Asia arbitrage trade momentum so far in the second half of 2017, following up from the slew of North American crude purchases from South Asian end-users over the past several weeks.

Earlier this month, Indian refining and petrochemical giant Reliance Industries Ltd. bought 1 million barrels each of the WTI Midland sweet grade and Eagle Ford shale oil for delivery on the west coast in November.

India's Bharat Oman Refineries Ltd. made its first purchase of Mars crude last month, picking up 1 million barrels of the medium sour US grade for delivery during the third week of November.

Indian Oil Corp. signed an offtake deal in July for 1.6 million barrels of Mars and 400,000 barrels of Western Canadian Select.

BULLISH DUBAI MARKET STRUCTURE

With the Dubai crude market structure maintaining its bullish momentum, the new wave of US-Asia arbitrage flows comes as little surprise, market participants said.

Dubai crude saw both its physical and derivatives market structures continue to strengthen this month, supported by tightening Middle Eastern crude exports to Asia.

Market sources said earlier this week that a number of Saudi crude oil buyers in Northeast Asia had received up to a 10% reduction in their term volumes for November loadings, while Abu Dhabi National Oil Co. cut its allocations for November-loading crude by up to 15% for most of its customers.

The cuts signal Saudi Arabia and the UAE's strong commitment under OPEC's November 30, 2016, deal to reduce production by 486,000 b/d and 139,000 b/d, respectively, from last October levels.

"It all makes perfect sense in terms of market economics. Middle Eastern term barrels [to Asia] are sharply reduced and the Dubai market is very expensive ... it really is cheaper to buy US cargoes, even including freight and all," said a sour crude trader based in Singapore.

Platts assessed front-month cash Dubai at $54.79/b at the close of Asian trade Wednesday, taking into consideration trades for cash Dubai partials at $54.78/b and a bid at that price standing at the end of the Platts Market on Close assessment process in Singapore.

This put the spread between December cash Dubai and December Dubai swap at 59 cents/b, the highest since August 31, 2015, when it was 64 cents/b.

The sustained strength in the Dubai market has subsequently kept WTI prices at a steep discount to the Middle Eastern pricing benchmark.

The spread between the front-month Dubai crude swap against same-month WTI swap has averaged $3.45/b so far in the fourth quarter, up from $2.28/b in Q3, $1.29/b in Q2 and 51 cents/b in Q1, and against an average discount of $1.62/b in Q4 last year, according to Platts data.

A weaker WTI versus Dubai spread typically makes North American crude grades priced against WTI more competitive.

At the same time, WTI/Brent futures spreads have been falling sharply over the past few months, with NYMEX December WTI crude futures seen trading at a discount of $5.43/b to the same-month ICE Brent crude futures at 0830 GMT Thursday.

"Spot differentials in the US are rising too but it's still cheaper than buying some of the expensive light sour grades in the Middle East, like [Abu Dhabi's] Murban crude," said the source based in Seoul.

-----

Earlier:

U.S.: 

       

 ASIA:

 U.S. RIGS DOWN 4 TO 936
2017, October, 9, 21:30:00

U.S. RIGS DOWN 4 TO 936

U.S. Rig Count is up 412 rigs from last year's count of 524, with oil rigs up 320, gas rigs up 93, and miscellaneous rigs down 1 to 2. Canada Rig Count is up 44 rigs from last year's count of 165, with oil rigs up 25 and gas rigs up 19.

 

         WBG WANT ASIA
2017, October, 4, 23:40:00

WBG WANT ASIA

World Bank - Improved global growth prospects and continued strong domestic demand underpin a positive outlook for the developing economies of East Asia and the Pacific. 

 

 U.S. HIGHEST PETROLEUM DEMAND
2017, September, 29, 12:25:00

U.S. HIGHEST PELROLEUM DEMAND

Total petroleum deliveries in August moved up by 1.3 percent from August 2016 to average 20.5 million barrels per day. These were the highest August deliveries in 10 years, since 2007. 

 

         OPEC NEED ASIA'S MARKET
2017, September, 27, 13:40:00

OPEC NEED ASIA'S MARKET

We expect global demand to increase by nearly 16 million barrels a day until 2040 – at which time it could reach around 111 million barrels a day. A remarkable 70% of this growth is forecast to come from emerging and developing economies in Asia.

 

 U.S. WANT OIL MARKET
2017, September, 27, 13:35:00

U.S. WANT OIL MARKET

If the US were to reimpose nuclear sanctions on Iran, the Trump administration would do so in a way that would have minimal impact on the global oil market, a senior State Department official said Tuesday.

 

         WORLD ENERGY CONSUMPTION UP TO 28%
2017, September, 15, 08:55:00

WORLD ENERGY CONSUMPTION UP TO 28%

The U.S. Energy Information Administration projects that world energy consumption will grow by 28% between 2015 and 2040. 

 

 U.S. OIL + 79 TBD, GAS + 788 MCFD
2017, September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

Crude oil output from the seven major US onshore producing regions is forecast to increase 79,000 b/d month-over-month in October to 6.083 million b/d. Natural gas production from the seven regions is expected to climb 788 MMcfd month-over-month in October to 59.745 bcfd.

 

         IMF: SOUTHEAST ASIA'S TRANSFORMATION
2017, September, 13, 15:10:00

IMF: SOUTHEAST ASIA'S TRANSFORMATION

IMF - When we think about Asia’s economic future, we know that this future is being built on strong foundations—on the richness and diversity of its cultures, on the incredible energy and ingenuity of the people who have changed the world by transforming their own economies. 

 

 U.S. - IRAN SANCTIONS
2017, September, 18, 12:20:00

U.S. - IRAN SANCTIONS

On Thursday, the administration extended certain sanctions on Iran's oil and banking sectors that have been suspended since the nuclear deal took place in January 2016.

 

         CHINA'S LNG IMPORTS UP 45%
2017, September, 8, 08:45:00

CHINA'S LNG IMPORTS UP 45%

Over the first seven months of 2017, China's imports of liquefied natural gas (LNG) averaged 4.3 billion cubic feet per day (Bcf/d), or 45% higher than during the same period in 2016. 

 

 U.S. - RUSSIA BLOCK IN VENEZUELA
2017, September, 4, 12:10:00

U.S. - RUSSIA BLOCK IN VENEZUELA

The Trump administration is ready to block a Russian state-owned oil giant from gaining control of critical energy assets in the U.S. owned by Venezuela, senior American officials say, a move that likely would feed tensions between Washington and Moscow.

 

         CHINA'S LNG RECORD
2016, December, 21, 18:35:00

CHINA'S LNG RECORD

China's state oil and gas majors are set to import record levels of liquefied natural gas (LNG) this month, betting on robust demand during the cold winter months and helping lift Asian prices to their highest in nearly two years.

 

 U.S. OIL INVENTORIES DOWN 9MB
2017, August, 17, 15:20:00

U.S. OIL INVENTORIES DOWN 9MB

U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 8.9 million bbl for the week ended Aug. 11 compared with the previous week, the Energy Information Administration said in its weekly oil and products inventory report.

 

         CHINA'S INVESTMENTS TO SOUTHEAST ASIA
2016, December, 6, 18:45:00

CHINA'S INVESTMENTS TO SOUTHEAST ASIA

China’s investment is transforming its smaller Southeast Asian neighbors like never before while helping turn Cambodia, Laos and Myanmar into bigger destinations for its exports.

 

 

 

Tags: USA, OIL, ASIA

Chronicle:

U.S. OIL FOR ASIA
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

U.S. OIL FOR ASIA
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

U.S. OIL FOR ASIA
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

U.S. OIL FOR ASIA
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00