Crude oil futures face conflicting pressures over May 4-6 from reduced demand in China and the EU set to consider imposing an embargo on Russian supply. At 0215 GMT May 4, front-month July ICE Brent crude futures stood at $105.86/b, up 89 cents/b (0.85%) from the May 3 settlement. Middle East crude Official selling .
Asia crude oil: Key market indicators this week spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
Asia crude oil: Key market indicators this week
Asia’s crude oil market activity in the May 10-14 trading week is expected to pick up steam, although sentiment continues to be weighed down by demand concerns across Asia amid COVID-19 resurgences, which have caused several countries to introduce, or increase lockdown measures.
July ICE Brent crude futures were pegged at $68.59/b at 0300 GMT May 10, up 65 cents/b from the 0830 GMT Asian close on May 7.
Middle East Crude Activity in the week ahead will focus on the issuance of buy and sell tenders by Asian refiners and Middle East producers for July-loading barrels, respectively, as China, Japan and Russia emerge from seasonal holidays. However, trade is likely to remain muted as India continues to deal with a surge in COVID-19 infections, while other countries like Thailand and Japan also deal with fresh outbreaks.
Singapore Asia s crude oil market activity in the May 10-14 trading week is expected to pick up steam, although sentiment continues to be weighed down by demand concerns across Asia amid COVID-19 resurgences, which have caused several countries to introduce, or increase lockdown measures.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
July ICE Brent crude futures were pegged at $68.59/b at 0300 GMT May 10, up 65 cents/b from the 0830 GMT Asian close on May 7.
Middle East Crude Activity in the week ahead will focus on the issuance of buy and sell tenders by Asian refiners and Middle East producers for July-loading barrels, respectively, as China, Japan and Russia emerge from seasonal holidays. However, trade is likely to remain muted as India continues to deal with a surge in COVID-19 infections, while other countries like Thailand and Japan also deal with fresh outbreaks.