The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Asia Distillates-Gasoil holds steady, Shell restarts refining unit

Wed, 01st Jun 2016 13:50

SINGAPORE, June 1 (Reuters) - Asia's benchmark 500ppm gasoil cash premium to Singaporequotes held firm at 25 cents a barrel for a third day on Wednesday but jet fuel stayed mired ata 25 cents discount to Singapore quotes on comparatively slower demand. Supplies for both gasoil and jet fuel remain high, but the dry season has helped to boostdemand for the former while slower growth in demand for air travel has hurt the latter. Global passenger demand rose 4.6 percent in April, the International Air TransportAssociation (IATA) said on Monday. That represents the slowest growth since January 2015. "Demand is still broadly healthy, but there is also growing uncertainty at the macro levelwith cuts to world GDP forecasts and geopolitical tensions," said Jonathan Wober, chieffinancial analyst at CAPA-Centre for Aviation. In Singapore, Royal Dutch Shell has restarted a refining unit at its 500,000barrels per day (bpd) Bukom Island refinery. The unit had been shut since July 2015. The restart of the 210,000 bpd crude distillation unit (CDU) will add to supplies but itcomes at a time of strong gasoil demand in India, traders said. Continuing French strikes over the government's proposed labour law reforms were alsolifting market sentiment even if there were no real impact on fundamentals in Asia for now,traders added. TENDERS: China's WEPEC sold up to 43,000 tonnes of 500ppm gasoil for June 25-27 loading fromDalian at a discount of 30 cents a barrel to Singapore quotes on a free-on-board (FOB) basis. China Aviation Oil has bought at least one of three jet fuel cargoes it was seeking for Juneand July arrival at Tianjin and Huangpu at a discount of 20 cents to 30 cents a barrel toSingapore quotes on an FOB basis. India's MRPL sold 65,000 tonnes of gasoil with 0.05 percent sulphur content for June 11-13loading from New Mangalore at a premium of more than $1.20 a barrel to Middle East quotes on aFOB basis. None of the deals could confirmed directly as sellers and buyers do not comment on theirtrades. SINGAPORE CASH DEALS: Phillips 66 sold to Vitol 250,000 barrels of 10ppm gasoil for loadingJune 20-24 at a premium of $1.50 a barrel, making this the only deal in the Singapore middledistillates cash market. MID-DISTILLATES CASH ($/B) ASIA CLOSE Change % Change Prev RIC Close Spot Gas Oil 0.5% 56.94 -0.57 -0.99 57.51 GO 0.5 Diff -0.15 0.00 0.00 -0.15 Spot Gas Oil 0.25% 57.04 -0.57 -0.99 57.61 GO 0.25 Diff -0.05 0.00 0.00 -0.05 Spot Gas Oil 0.05% 57.34 -0.57 -0.98 57.91 GO 0.05 Diff 0.25 0.00 0.00 0.25 Spot Gas Oil 0.001% 58.59 -0.57 -0.96 59.16 GO 0.001 Diff 1.50 0.00 0.00 1.50 Spot Jet/Kero 57.82 -0.42 -0.72 58.24 Jet/Kero Diff -0.25 0.00 0.00 -0.25 For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Seng Li Peng; Editing by David Goodman)

More News
17 Jan 2022 10:06

Crown Estate Scotland offers 17 projects seabed rights for offshore wind

LONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has made option agreements to 17 projects which reserve the rights to specific areas of seabed in its ScotWind leasing round which is aimed at supporting wind energy development.O...

Read more
17 Jan 2022 09:20

UPDATE 2-FTSE 100 hits two-year high as GSK boosts

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Unilever worst performer on the FTSE 100* Homebuilders gain as UK home prices soar in early 2022* Taylor Wimpey expects annual results in-l...

Read more
14 Jan 2022 17:48

UPDATE 1-Alberta prioritises oil sands' carbon storage hub, energy minister says

(Adds more details on CCUS)By Nia WilliamsCALGARY, Alberta, Jan 14 (Reuters) - The government of Alberta, Canada's main oil-producing province, plans to move forward "very, very quickly" on its next carbon sequestration hub in the Cold Lake region...

Read more
14 Jan 2022 13:56

UPDATE 1-Brazil's Petrobras trims 2022-2026 production outlook

(Recasts with details, context)SAO PAULO, Jan 14 (Reuters) - Petroleo Brasileiro SA (Petrobras) on Friday lowered its 2022-2026 production outlook to reflect production-sharing agreements involving the Atapu and Sepia oilfields.Brazil's state-run ...

Read more
14 Jan 2022 11:57

For BP, car chargers to overtake pumps in profitability race

* BP focusing on fast battery chargers, executives says* Fast chargers almost as profitable as petrol filling* BP and rivals targeting big growth in EV chargingBy Ron BoussoLONDON, Jan 14 (Reuters) - BP says its fast electric vehicle chargers are on...

Read more
14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

Read more
13 Jan 2022 18:49

Shell to hand over Deer Park refinery to Pemex next week -sources

By Ana Isabel MartinezMEXICO CITY, Jan 13 (Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.Royal Dutch S...

Read more
13 Jan 2022 09:50

Shell seismic tests approval complied with rules, S.Africa minister says

JOHANNESBURG, Jan 13 (Reuters) - Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's e...

Read more
13 Jan 2022 06:49

UPDATE 3-Activists behind Shell climate verdict target 30 multinationals

* KLM, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds company responses)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutc...

Read more
13 Jan 2022 06:49

UPDATE 2-Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds other companies receiving letters; edits)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDO...

Read more
13 Jan 2022 03:00

Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to moveBy Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutch wing of environm...

Read more
12 Jan 2022 06:43

UPDATE 4-Equinor warns of $1.8 bln UK oilfield impairment

* Mariner field is producing less oil than expected* Reserve estimate downgraded* Operator Equinor holds a 65% stake (Adds partners comment, background)By Terje Solsvik and Nerijus AdomaitisOSLO, Jan 12 (Reuters) - Norwegian energy group Equinor wa...

Read more
10 Jan 2022 12:16

Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for Shell

FRANKFURT, Jan 10 (Reuters) - Thyssenkrupp's hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a 200-megawatt electrolyser to oil major Shell, it said on Monday.The ...

Read more
7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

Read more
7 Jan 2022 09:12

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.