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Refined Products

Singapore middle extracts fall for first time in 3 weeks

Singapore's middle ditstillates stocks fell for the very first time in 3 weeks, tracking the gains in net exports of diesel/gasoil, authorities government data revealed on Thursday. Stocks of diesel/gasoil and jet fuel/kerosene at crucial oil storage hub Singapore declined to 10.136 million barrels from 11.208 million barrels in the previous week, figures from Enterprise Singapore showed. The drop came as net exports of diesel/gasoil increased by a little more than 68% week on week, with total exports of the fuel getting at a quicker pace than overall imports. Total imports climed by around 39%, while overall exports rose by...

Oil & Gas

Australia shares end lower as resource business, banks drag

Australian shares fell on Friday dragged by commoditylinked stocks and banks, while investors absorbed policy announcements from central banks and strongerthananticipated local tasks information today. The S&P/ ASX 200 index closed 0.2% lower at 7,770.60 points, publishing its worst day in the week. The benchmark had actually risen 1.1% on Thursday. Information on Thursday showed a strong recovery in local work for February, which led investors to slash their rates of interest cut bets to 37 basis points ( bps) for the year from 44 bps. The Australian central bank had held rates stable at a 12-year high of 4.35%....

Jet Fuel

Singapore's middle distillates stocks dip a little as net exports rise

Singapore's middle distillates stocks slipped by 4% from last week as internet exports of diesel/gasoil and jet fuel/kerosene rose, official data showed on Thursday. Inventories of gasoil/diesel and jet fuel/kerosene at the essential oil storage hub was up to 10.349 million barrels from 10.787 million barrels a week earlier, information from Business Singapore showed. Net exports of diesel/gasoil rose more than significantly throughout this duration given a 66% drop in total imports, although overall exports just fell by 6% week-on-week. Volumes from China and South Korea remained popular, in line with earlier expectations, limiting the general weakness in total imports...

Oil & Gas

Singapore's weekly middle distillates stocks slip 2% regardless of China arrivals

Singapore's middle extracts stockpiles fell nearly 2%. from last week as gains in jet fuel/kerosene net exports balance out. declines in diesel/gasoil net exports, main information showed on. Thursday. Inventories of gasoil/diesel and jet fuel/kerosene at the. crucial oil storage hub were at 9.99 million barrels, compared to. 10.175 million barrels recently, information from Enterprise Singapore. revealed. Diesel/gasoil net exports declined a little more than 24% as. gains in overall imports were around 80% greater than a week. previously. Imports of the fuel from China, India and South Korea were. most widespread for the week. Chinese arrivals rose by more...

Oil & Gas Refining

Australia's Ampol hits record high on profit development, Lytton refinery upgrade

Australian fuel seller Ampol Ltd. reported a boost in yearly profit on Monday and. said it would update its Lytton refinery in Queensland, sending out. its shares to a record high. The Sydney-listed stock rose as much as 2.3% to an all-time. high of A$ 38.435 by 0040 GMT and was poised for a 3rd straight. session of gains. The fuel seller said its yearly net earnings after tax from. continuing operations increased 1.1% to A$ 740.1 million ($ 482.84. million) on a replacement expense (RC) basis, driven by strong. performance of its non-refining departments and contribution from. Z Energy...

Natural Gas Utilities

Macquarie and Federated Hermes begin talks over Cadent stake sale, says source

Macquarie Property Management and U.S.based Federated Hermes are checking out the potential sale of a combined 1.3 billion pound ($ 1.64 billion) stake in UK gas network operator Cadent, a source close to the matter told . The possession management division of Macquarie Group manages a more than 26% stake in Cadent and is in early phase talk with offer a 5% holding while Federated Hermes is looking to decrease its 13% stake to 8.4%, the source stated. The proposed sale, first reported by the Financial Times, comes as Britain seeks to phase out use of natural gas as part...

Fossil Fuels

Fossil Fuels

Financials lead gains on the Australian bourse

Australian shares rose on Monday with financial stocks leading gains, most likely tracking Wall Street as strong U.S. tasks data suggested a healthy economy even as it suggested a hold-up in Federal Reserve rate cuts. The S&P/ ASX 200 index increased 0.1% to 7,784.30 points by 0048 GMT. The criteria closed 0.6% lower on Friday. In the U.S., tasks information revealed even more employees were employed in March than anticipated and salaries increased gradually, suggesting a. healthy economy even as it indicated postponed Fed rate cuts. In the local bourse, rate-sensitive financials rose. as much as 0.6%, with the Big...

Fossil Fuels

Australia shares snap three-day losing streak on increase from financials

Australian shares snapped a threeday losing streak on Thursday, assisted by gains in heavyweight banking stocks, while investors digested weakerthanexpected domestic work data and a variety of corporate revenues. The S&P/ ASX 200 index closed 0.8% higher at 7,605.70. The benchmark had actually slipped 0.7% on Wednesday. Data showed Australian work was remarkably weak in January, while the unemployed rate climbed to a two-year high, raising the possibility that the labour market may be cooling faster than formerly thought. The suddenly weak employment data today shows the lagging effect of the RBA's (Reserve Bank of Australia). tightening efforts and a...

Mineral Resources