Tag: Asia

Energy, Oil & Gas

Asia boosts US LPG imports to replace Middle East supply

Asia's biggest liquefied petroleum gas (LPG) importers, including India and China, are racing to replace disrupted Middle East supplies with cargoes from the Americas, driving spot premiums to record highs, analysts and traders said....

Energy, Oil & Gas

Aramco cuts oil supply to Asia for second month in April

Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month ‌in April, two sources with knowledge of the matter said, after the US-Israeli war with Iran disrupted trade via the Strait of Hormuz....

Energy, Oil & Gas

Murban’s rising depth challenges WTI in Asia

Murban crude has evolved into a major global benchmark, according to Oilprice.com. Its pricing relationship with West Texas Intermediate Crude Oil (WTI) is narrowing, as Murban demand increases amid Middle Eastern supply shifts....