Asia Oil Market Commentary
16 Oct 2024
Middle East crude further extended early week losses Wednesday although markets looked to be finding some support, but prices for naphtha in...
15 Oct 2024
Middle East crude extended the early week losses Tuesday amid an eroding geopolitical risk premium while winter demand for kerosene...
14 Oct 2024
Middle East crude opened the week lower as Israel continued to hold off on an expected strike against Iran, while demand in the gasoline...
11 Oct 2024
Crude oil prices in Asia were higher as concerns over potential supply disruptions underpinned the broader oil recovery, while the inverted...
10 Oct 2024
Crude oil prices in Asia were marginally lower Thursday as markets steadied at lower levels, while the gasoline physical market continued...
9 Oct 2024
East of Suez crude prices rowed back Wednesday following the broader oil selloff, while a tightening gasoil market pushed cash differentials...
8 Oct 2024
Asian oil prices were higher Tuesday as markets caught up with the Brent spike after Asian markets had closed in the previous session...
7 Oct 2024
East of Suez opened the week on a firm footing as geopolitical tensions continue to dominate, a move that ate into most refined product...
4 Oct 2024
East of Suez crude extended the weekly rally to over 8%, catching up with the Brent gains after Asian had closed on Thursday, while also...
3 Oct 2024
Middle East crude prices eased back but remain close to one-month highs, while a boost to higher light end stocks in Singapore weighed...
2 Oct 2024
East-of-Suez crude prices soared by more than 6% in response to Iran's missile strikes against Israel, with the sharp rally extending...
1 Oct 2024
Middle East crude opened the new trading month lower as faltering demand growth offset political tensions in the region, a move that also pulled margins for...
30 Sep 2024
Middle East crude closed out the final trading day of the quarter slightly higher, but still booked monthly losses of over 6%, while the product side saw...
27 Sep 2024
Asian oil markets edged up Friday after the previous session's slump, with gasoil backwardation firming to levels not seen...
26 Sep 2024
Asian oil markets tumbled Thursday following a UK newspaper report that Saudi was set to ramp up crude production for 2025, a move that...
25 Sep 2024
Middle East crude markets edged up Wednesday as geopolitical tensions and China's stimulus package helped to consolidate gains...
24 Sep 2024
Middle East crude markets moved higher Tuesday on geopolitical tensions and China's stimulus package, while naphtha timespread pointed to a...
23 Sep 2024
Middle East crude opened the week steady as global oil markets largely consolidated gains after last week's Fed rate cut, while weakness...
20 Sep 2024
The rebound in Asian crude prices came to a halt with the uplift from the Federal Reserve 50bp rate cut now largely priced in, while the refined...
19 Sep 2024
East of Suez crude prices climbed higher Thursday following the global trend, while the recovery in gasoline persisted as cracks touched a...