Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

TOP Oil Market News: WTI Crude Trades Near $100 After Job Gains

Don't Miss Out —
Follow us on:

Feb. 10 (Bloomberg) -- The following is a selection of the most important news affecting the oil market.

WTI Oil Trades Near $100 as U.S. Jobs Signal Gain in Fuel Demand

West Texas Intermediate crude traded near $100 a barrel as a decline in U.S. unemployment bolstered the outlook for fuel demand in the country, the world’s biggest oil consumer.

CPC Said to Buy Fuel Oil From Shell at $85-$90/Mt Premium

Taiwanese refiner buys 40,000 mt of low-sulfur fuel oil from Shell for March delivery at $85-$90/mt premium to Singapore 180-cst benchmark prices on cost-and- freight basis, say two traders who asked not to be identified because the information is confidential.

S. Korea to Seek Tax Incentives for Oil Traders: Seoul Economic

South Korea is reviewing various incentives including tax cut to attract oil traders in Singapore, Seoul Economic Daily reports, citing unidentified govt officials.

Essar Said to Sell Naphtha to Vitol at Premium of About $20/Mt

Essar sells 35,000 mt of naphtha for Feb. 25-28 loading to Vitol at premium of ~$20/mt to Middle East benchmark prices for whole-month Feb., say three traders who asked not to be identified because the information is confidential.

Pakistan State Oil Seeks to Buy Gasoline, Fuel Oil for March-May

State oil co. seeks to buy eight cargoes of gasoline with 50,000 mt each, according to statement on its website.

ONGC Videsh Offers to Sell Azeri Crude for March 12-14 Loading

Co. offers to sell 600,000 bbl of Azeri crude for loading from Ceyhan Marine Terminal in Turkey, according to tender document obtained by Bloomberg.

Japan Cabinet to Approve Energy Plan as Early as Feb.: Mainichi

Cabinet may approve long-term energy policy plan as early as this month without making major changes in draft, which describes nuclear power as an important base- load electricity source, Mainichi newspaper reports, without citing anyone.

Norwegian Energy Oil Output Sinks From 30-Month High: BI Chart


Iran to Outshine Iraq With Oil-Investor Terms, Adviser Says (1)

Iran, bound by economic sanctions and seeking investment to develop its oil and natural gas deposits, plans to offer foreign energy companies more attractive contracts than neighboring Iraq, an Oil Ministry adviser said.

REFINERIES Map global refinery outages

Hedge Funds Boost Diesel Bets With Supply at Decade Low: Energy

Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years boosted demand and cut U.S. supply to the lowest in a decade.

Citgo Lemont Refinery Has Tower Equipment Failure: NRC Filing

Lemont, Illinois, refinery releases sulfur dioxide due to “equipment failure on a tower” at 7:18 a.m. local time yesterday, according to filing with National Response Center.

Hedge Funds Boost Diesel Bets With Supply at Decade Low: Energy

Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years boosted demand and cut U.S. supply to the lowest in a decade.

Phillips 66 Borger Refinery in Texas Reports Process Upset

Phillips 66 Borger Refinery reported a process upset that resulted in the release of hydrogen sulfide and sulfur dioxide, according to filing with the Texas Commission on Environmental Quality.

Chevron Richmond Refinery Shuts Units on Flaring: NRC Filing

Chevron refinery in Richmond, California, has unplanned units shutdown after loss of hydrogen caused flaring, according to filing with U.S. National Response Center.

Imperial Sarnia Chemical Plant Contains Hydrocarbon Leak

Leak at chemical plant in Canada has been contained, co. says in e-mailed alert.

Philadelphia Energy Solutions Refinery Reports Crude Unit Shut

No. 210B crude unit in Point Breeze section of refinery in Philadelphia shut for planned repairs, co. says in filing with city regulators today.

Kinder Trans Mountain Throughput to Rise 3% in March

Kinder Trans Mountain Pipeline Throughput to Rise 3% in March

National Energy Board granted co. permission to lift pressure restrictions on 2 segments of Trans Mountain pipeline yesterday, co. says in notice to shippers.

Imperial Sarnia Chemical Plant Responding to Reported Leak


Oil Product Shipping Costs to Japan Are Unchanged

The cost of shipping a gallon of gasoline, jet fuel or other so-called clean petroleum products from the Middle East to Japan was unchanged at 7.89 U.S. cents yesterday, according to data compiled by Bloomberg. The cost is based on a cargo of 55,000 metric tons.

Crude Official Selling Prices and Formulas by Country (Table)

The following table shows official prices, formulas and relative values for crude grades from the Middle East, Asia, Africa and the Americas. Figures are in U.S. dollars a barrel, or premiums and discounts to regional benchmarks where plus and minus symbols appear.


Abe-Backed Candidate Masuzoe Wins Vote for Tokyo Governor (1)

Tokyo voters elected a former health minister backed by Japanese Prime Minister Shinzo Abe as governor after a race that one opponent sought to turn into a referendum on nuclear power.

Kuwait $40,000-a-Head Surplus Makes Budget Austerity a Hard Sell

Kuwait’s budget surplus adds up to almost $40,000 per citizen, one reason it’s hard to convince people like Nouf Mohammed that the government should spend less on services and subsidies for her.

WTI Oil Surges Above $100 for First Time in 2014 on Jobs Data

West Texas Intermediate crude surged above $100 a barrel for the first time this year after weaker- than-forecast jobs growth triggered debate about the outlook for Federal Reserve stimulus.

JPMorgan’s Masters Said to Withdraw From CFTC Advisory Panel (2)

Blythe Masters, JPMorgan Chase & Co.’s commodities head, withdrew from an advisory committee of the U.S. Commodity Futures Trading Commission a day after her appointment was disclosed, according to two people with direct knowledge of the decision.

Google Briefly Tops Exxon as Second-Most Valuable Company (1)

Google Inc. briefly surpassed Exxon Mobil Corp. as the second-most valuable company, trailing only Apple Inc. and underscoring the growing role of technology in the economy.

Indonesia to Limit Coal Production This Year to Support Prices

Indonesia will cap coal output at about 400 million metric tons this year, 5 percent less than 2013’s level, to stem declining prices, the government said.

Global-Warming Slowdown Attributed to Pacific Winds in Study

Stronger Pacific Ocean winds may help explain the slowdown in the rate of global warming since the turn of the century, scientists said.

Winter Storm Expected to Spread Snow, Sleet, Rain Across South

Rain, sleet and snow are expected to spread across the U.S. South, including Atlanta’s northern suburbs, less than two weeks after another winter storm in the region stranded thousands of motorists and children in cars, buses and schools.

China Carbon Prices Set by Govt Rather Than Pilot Markets: BNEF

China govt intervening to set carbon prices after starting regional pilot programs comprising world’s 2nd-largest emissions mkt, according to Bloomberg New Energy Finance.

Palestinian Gas Offer Sweetens Peace Prospects: Israel Markets

Make peace and we’ll help sell your gas to Arab nations that shun you, the Palestinians have told Israel, as the development of its offshore fields sends shekel- denominated bond prices climbing.


Asian Stocks Climb With China Shares as Won Gains; Wheat Drops

Asian stocks rose, led by a jump in mainland Chinese shares, as the regional index headed for its longest streak of daily gains since December. Wheat slid and the South Korean won advanced.

Dollar Touches Week-High Amid Taper Bets Before Yellen Testimony

The dollar gained to the highest level in more than a week against the yen as investors bet the Federal Reserve will press on with a reduction in stimulus before Chairman Janet Yellen speaks to U.S. lawmakers tomorrow.

Traders Crying Over Losses Missing HSBC’s Bargains: Currencies

HSBC Holdings Plc, which gets more than half of its revenue from emerging markets, says it’s time to start buying their currencies after a sell-off pushed exchange rates to their lowest levels since 2009.

Asian Stocks Advance After U.S. Rally on Jobs Data as Yen Drops

Asian stocks rose, with the regional benchmark index heading for its longest stretch of gains this year, after jobs data spurred the biggest two-day rally for U.S. equities since October and the yen weakened.

Birinyi Sees S&P 500 at 1,900 by July as Shorts Sit Out 6% Drop

U.S. stocks have too much momentum to make betting against the Standard & Poor’s 500 Index a winning strategy and the gauge will probably reach 1,900 next quarter, according to money manager Laszlo Birinyi.

Spot Gold in Shanghai Climbs to Highest Level Since Dec. 26

Gold of 99.99 percent purity on the Shanghai Gold Exchange gains as much as 0.8% to 250.25 yuan/gram.

Gold Demand in China Seen at Record as Bear Market Spurs Sales

Gold consumption and production in China expanded to records as prices that slumped into a bear market spurred sales of jewelry and bars, underlining a shift in global bullion demand from west to east.

U.S. General Tells Japan, Philippines to Cool China Rhetoric (1)

Comments by the leaders of Japan and the Philippines drawing parallels between China’s growing assertiveness in the region and events in pre-war Europe are “not helpful,” said the commander of U.S. air forces in the Pacific.

Outsized China Trade Clears Way to Meet Taiwan: Chart of the Day

Growing economic ties between China and Taiwan, underscored by Taipei-based Foxconn Technology Group building iPhones on the mainland, have paved the way for the first formal meeting between the governments since World War II.


Brazil World Cup Work Claims 6th Life After Crane Accident (1)

A worker helping build a World Cup stadium in northern Brazil was killed in an accident today, becoming the sixth construction-related fatality at tournament stadiums as the country struggles to complete preparations before games begin in June.

Tiger Woods to Skip PGA Tour’s Match Play Event in Two Weeks

Tiger Woods will skip the U.S. PGA Tour’s World Golf Championship Match Play in two weeks, an event from which he was eliminated in the first round two of the past three years.

FIFA President Blatter Says He’ll Stand for Fifth Term If Asked

Sepp Blatter said he’ll stand for re- election as president of FIFA if the soccer ruling body’s constituent members ask him to.


Last Chg %Chg Exch Contract

---- ---- ---- ---- -------- WTI Crude ($/Bbl) 99.74 -0.14 -0.1 Nymex March Brent Crude ($/Bbl) 109.19 -0.38 -0.3 Ice March Gasoil ($/Ton) 920.75 +4.75 +0.5 Ice March Gasoline (c/Gal) 274.92 +0.03 +0.0 Nymex March Natural gas ($/MMBtu) 4.73 -0.05 -0.9 Nymex March Dated Brent ($/Bbl) 108.74 -0.43 -0.4 OTC 21 Days Heating Oil 303.99 -1.04 -0.3 Nymex March

Other markets:

Last %Chg

----- ----- Dollar Index 80.71 -- Gold ($/Oz) 1,262.90 +0.5 MSCI World Index 1,613.84 +0.1 Prices as of 6 a.m. GMT

To contact the editor responsible for this story: Alexander Kwiatkowski in Singapore at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.