REFINERY NEWS ROUNDUP: Partial works in Middle East boost gasoline values
FOB Arab Gulf 95 RON gasoline has strengthened as the market digested news of partial works at Saudi Aramco Total Refining and Petrochemical Co., or Satorp.
Global shares rise, but surging commodities and bond yields feed concern over inflation
Global equities rose on Monday, but the mood among investors was cautious, as surging commodity prices and government bond yields continued to fan fears of a damaging rise in inflation.
Oil spill leads Israel to close beaches as it faces one of its ‘most severe ecological disasters’
Sraeli authorities are trying to locate the source of a suspected oil spill that has been described as one of the most severe ecological disasters to hit the country, threatening wildlife, forcing beaches to close and prompting a mass cleanup.
Oil Advances as Markets Assess Texas Return Before OPEC+ Meet
Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas.
Asia middle distillates: Key market indicators this week
The Asian middle distillates market is set to enter the week of Feb. 22 amid cautious fundamentals as traders find their way forward.
Asia petrochemicals outlook, w/c Feb 22
New York —
Korea Shipbuilding wins 540 bln won in orders from Asia, Europe, Africa
Korea Shipbuilding & Offshore Engineering Co. said Monday that it has bagged orders worth a combined 540 billion won (US$489 million) from Asia, Europe and Africa.
Global Hedge Funds Predict Jump In Oil Prices, As Brent Crude Picks Up
The world’s major hedge funds are betting on a jump in oil prices.
ANALYSIS: Global crude supplies set for quality shift as OPEC+ unwinds pandemic cuts
Oil supplies from OPEC and its key producer allies are set to begin flooding back to the market this year, triggering a shift in global crude quality which could bring welcome relief to swathes of embattled refiners struggling to turn a profit in the wake of the pandemic-trigged demand collapse.