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Asia crude oil: Key market indicators for Dec 20-24 | Hellenic Shipping News Worldwide

Asia crude oil futures are set to remain under pressure during the week of Dec. 20-24 as countries worldwide consider fresh restrictions in response to rising COVID-19 cases. ICE February Brent crude futures stood at $71.85/b at 0200 GMT Dec. 20, down $1.67/b (2.27%) from the Dec. 17 settlement. Middle East Crude Focus in . ....

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Asia crude oil: Key market indicators for Oct 18-22 | Hellenic Shipping News Worldwide

Crude oil markets started the Oct. 18-22 trading week on a bullish note as the supply-demand outlook remained supportive for prices amid a continued easing in pandemic movement and border restrictions around the world, while investors weighed the possibility of a return of Iranian oil. ICE December Brent crude futures stood at $85.80/b at 0300 . ....

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Asia crude oil: Key market indicators this week | Hellenic Shipping News Worldwide


Asia crude oil: Key market indicators this week
Trade activity in the Asian crude oil market is likely to pick up pace for August-loading barrels amid a strong market sentiment, which remains largely supported by brightening demand cues as COVID-19 cases decline in key demand centers such as India.
August ICE Brent crude futures were pegged at $72.96/b at 0230 GMT June 14, 27 cents/b higher from the 0830 GMT Asian close on June 11.
Middle East crude
The week ahead is likely to see an uptick in trade for August-loading crude through spot tenders by Middle East producers and Asian refiners.
Eyes will be on the issuance of Qatar Petroleum’s Al-Shaheen tender this week with cash premiums in the tender expected to be higher than previous months given the stronger demand cues emerging from Asia. ....

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