Asia/Pacific
Asia, Mideast oil product tankers idle as slow trade cuts earnings
SINGAPORE (Reuters) -- Dozens of tankers used to carry refined oil products are sitting idle in Asia and the Middle East as slow trade and an oversupply of ships have cut daily earnings to as little as a fifth of last year's level, shipbrokers and traders said.
China's Jan crude imports rise to third-highest on record
(Reuters) -- China's crude imports in January rose 27.5% from a year earlier to the third-highest volume ever, suggesting robust demand to fill storage and to make up the shortfall as domestic production continues to fall.
Venezuela falls behind on oil-for-loan deals with China, Russia
HOUSTON/CARACAS (Reuters) -- Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters.
Saudi to supply full March oil volumes to two Asian buyers
SINGAPORE (Reuters) -- Saudi Aramco will supply full contract volumes of crude oil to two Asian buyers in March, two industry sources with knowledge of the matter said on Wednesday.
Husky sells first Atlantic Canada crude cargo bound for China
CALGARY, Alberta (Reuters) -- Husky Energy has sold its first cargo of crude oil from its offshore Atlantic Canada operations bound for China, a company spokesman said on Tuesday.
Oil prices edge up on short covering; gasoline jumps
NEW YORK (Reuters) -- Oil prices gained slightly on Wednesday as investors covered short positions after a rise in US crude inventories was not as massive as many had feared, while gasoline futures jumped nearly 4% after a surprise decline in inventories of the fuel.
Indian Oil says crude processing to edge up in 2017/18
NEW DELHI (Reuters) -- Indian Oil Corp, the country's largest refiner, expects its crude processing to inch up in 2017/18 despite planned maintenance at some plants.
China's oil demand growth at three-year low in 2016
BEIJING (Reuters) -- China's 2016 oil demand grew at the slowest pace in at least three years, Reuters' calculations based on official data showed, the latest indication that demand from the world's largest energy consumer has diminished.
Bangladesh Petroleum to sell discounted naphtha to Vitol
DHAKA (Reuters) -- Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to oil trading giant Vitol at a discount of 17 cents to Singapore quotes, up from the last sale.
Indonesia's Pertamina removes CEO, deputy in management shakeup
JAKARTA (Reuters) -- Indonesia's Pertamina has removed its CEO Dwi Soetjipto and Deputy CEO Ahmad Bambang, company and government officials said on Friday citing leadership problems, and new and renewable energy director Yenni Andayani has been appointed acting CEO.
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