asia

Iraq Makes Predictable Crude Price Rise to Asia

Iraq increased its July official selling price (OSP) for Basra Light crude to Asia as expected, but a steeper than expected hike for Basra Heavy could weigh on the new grade.

Iran PetroChem Export Project Attracts Western Investors and Regional Competition

Eight western European companies are keen to invest in Iran's $2.8 billion (2 billion pound) Siraf oil refinery project

Gazprom Declines Amid Asian Expansion, European Slump

Gazprom posted a third straight weekly decline as concern mounted that earnings will be crimped as the Russian natural gas producer spends to expand in Asia while gains in Europe, its biggest market, continue to slum ...

Oil Prices Fall as OPEC Keeps Production Unchanged

Crude oil prices fell in early Asian trading on Monday as markets were expected to be increasingly oversupplied following OPEC's decision last Friday to keep its production targets unchanged.

Iran Makes Big Plans for LPG Export Drive

Iran has gone on a spree of negotiations with the Africans and the Europeans besides the Asians for sales of its liquefied petroleum gas (LPG), an official said on Monday.

Adnoc Balancing Crude Prices for Asia and Local Supply

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.

China Expands Coal Ban to Suburbs

China will expand its bans on coal burning to include suburban areas as well as city centers in efforts to tackle air pollution, the top energy agency said on Tuesday.

Contaminated Crude Being Shipped from US to Asia

One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco -- for three years -- despite crude prices that topped $100 a barrel.

Iraq Selling Crude to Asia Below Middle East Benchmark

Iraq narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, joining other Middle East producers in raising official selling prices amid signs demand is improving.

Saudi Discounts Shower Asia Market

Saudi Arabia, the world’s largest crude exporter, has cut its March oil prices to Asia by 90 cents - the largest discount in at least 14 years. Experts suggest the move is part of the country’s fight for global marke ...

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