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Oil industry losing the burn of Asian demandAfter half a year of strong oil price rises, Asian crude demand is slowing and by some measures falling, and many market participants suspect it is not just a cyclical phenomenon, but also a product of more permanent structural changes. More… |
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Oil falls over US, Asia demand worriesOil prices dipped again on Tuesday as traders braced for lower refinery consumption after the US summer, while Asia's weakening economies and high global production stoked concerns about oversupply. Both crude oil benchmarks a More… |
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Oil falls over US, Asia demand worriesOil prices dipped again on Tuesday as traders braced for lower refinery consumption after the US summer, while Asia's weakening economies and high global production stoked concerns about oversupply. Both crude oil benchmarks a More… |
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Saudi may up crude prices on Asia demandTop oil exporter Saudi Arabia may increase official selling prices (OSPs) of October crude for Asian clients, as refiners across the continent process more, aiming to benefit from attractive margins for products from fuel oil to jet fuel. More… |
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Iran crude storage at sea falls on Asia demandThe volume of Iranian crude stored at sea has fallen by as much as 4 million barrels because of a spike in Asian demand this month, traders and shipping sources said. Asian refiners have more than offset waning demand from European buyers More… |
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Oil above $75 on Asian demandOil was slightly higher above $75 on Tuesday as prospects for rising demand in emerging economies offset concern about the impact of Europe's debt crisis. Spain admitted on Monday that the European financial crisis is taking a toll on More… |
