Friday 22 May 2015
 
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ADIF, SRB to establish Kazakhstan as 'Islamic financial hub'

The Association for Development of Islamic Finance (ADIF) has signed a deal on co-operation with Shariyah Review Bureau (SRB) to establish Kazakhstan as an Islamic financial hub of Central Asia. ADIF solely supported by National B

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Asia assesses new Iraqi Basra Heavy crude before June launch

Refiners in Asia are assessing the new Iraqi Basra Heavy crude after Iraq released the grade's assay to kick off marketing a month before the oil's launch, trade sources said.   The assay was made availab

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Saudi Arabia holds oil prices for Asia steady on good demand

Saudi Arabia kept June prices for its benchmark Arab Light crude unchanged for Asian buyers, looking to defend market share amid stiff competition, while raising prices for Europe to reflect a price rally in rival grades in recent weeks.

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Adnoc raises April Murban crude price, keeps premium to Saudi oil

Abu Dhabi National Oil Company (Adnoc) raised the retroactive prices of crude sold to Asia in April, after robust demand pushed up spot premiums for its grades.   Prices were also boosted by a cut in supply of fl

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Saudi Arabia seen keeping crude OSPs steady in June

Top oil exporter Saudi Arabia is expected to keep prices mostly unchanged in June for grades it exports to Asia, following two straight months of increases, in line with a steady Dubai structure.   The Opec produ

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Asian oil demand remains strong, says Naimi

Oil demand in Asia is strong and Saudi Arabia is ready to supply any more crude needed, its oil minister said on Tuesday during a visit to China, as the world's top crude exporter aims to maintain its market share. Saudi Arabi

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Asry takes part in Singapore maritime expo

Bahrain-based Arab Shipbuilding and Repair Yard (Asry) has showcased its latest products and services at Sea Asia 2015, a Singapore-based maritime exhibition. The ship and rig repair yard used the growing show as a platform to boo

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Saudi Arabia trims oil supply to some Asian buyers

Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar with the matter said.  

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Saudi Arabia trims oil supply to some Asian buyers

Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar with the matter said.  

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Saudi raises crude prices to Asia for second month

Saudi Arabia, the world's top crude exporter, raised the prices for all the grades it will sell to Asia in May, increasing levels for the second straight month as robust refining margins supported demand in the region.  

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