Asia Oil Market Commentary
18 Sep 2024
East of Suez crude prices nudged higher on Wednesday and largely tracked moves in Brent, while gasoil found buying interest after...
17 Sep 2024
East of Suez crude prices edged higher Tuesday although Asian markets were largely following western benchmarks ahead of the US rate...
16 Sep 2024
Middle East crude opened the week lower as markets caught up following the Brent retreat after Asia had closed on Friday, while...
13 Sep 2024
Asian crude markets nudged higher for a second session Friday but early week losses still cemented another losing week, while gasoil...
12 Sep 2024
Asian crude markets finally broke the losing streak Thursday, as global prices rebounded on supply disruptions in the US Gulf and...
11 Sep 2024
Asian crude markets were lower for a sixth session as Dubai again played catchup with late Brent in the previous session, a move that...
10 Sep 2024
Middle East crude markets were again under pressure Tuesday as Dubai posted fresh 2024 lows, but HSFO backwardation steepened amid...
9 Sep 2024
Middle East crude opened the week lower as markets caught up with the Brent retreat after Asian markets had closed Monday, a move...
6 Sep 2024
Middle East crude prices were little changed as markets steadied in the second half of the week, while the selloff in gasoline margins and flat...
5 Sep 2024
Middle East crude prices stabilised at around yearly lows Thursday as markets waited on further news from OPEC+ and Libya, while...
4 Sep 2024
Middle East crude prices slumped to fresh yearly lows Wednesday amid the broader malaise in oil markets, dragging products lower along with it...
3 Sep 2024
Middle East crude prices were little changed Tuesday with traders again waiting for confirmation of the planned increase in...
2 Sep 2024
Middle East crude markets opened the new month lower with traders pricing in a likely October hike in OPEC+ output, while in the products...
30 Aug 2024
Middle East crude prices rebounded Friday as Dubai closed out the month on a firmer footing, while the selloff in gasoline and middle...
29 Aug 2024
Middle East crude prices were in retreat again Thursday while Dubai also lost ground against Brent heading into the expiry, while gasoline...
28 Aug 2024
Middle East crude prices rowed back Wednesday as markets struggled to hold early-week gains, and gasoline margins dived to an 11-month...
27 Aug 2024
Middle East crude prices posted a third consecutive gain Tuesday, a move that ate further into already weak middle distillate...
26 Aug 2024
Middle East crude prices Monday posted a second session of solid gains, a move that left much of the refined products market looking...
23 Aug 2024
Middle East crude prices rebounded Friday amid the broader risk-on sentiment returning to the market, while short-term bullishness in the...
22 Aug 2024
Middle East crude resumed the month's downward trend Thursday with prices sliding back towards yearly lows, while gasoil prices were...