Recent Posts

Oil traders turn ‘bespoke tailors’ in offshore megastore

Bloomberg The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling bespoke from a fleet of ships anchored off Singapore and Malaysia, the likes of Vitol, Trafigura Group, Glencore Plc and Gunvor Group are seeking to lure buyers who are becoming more demanding. ...

Read More »

Oil rises near $46 on US stockpile drop

Bloomberg Oil extended gains toward $46 a barrel as US industry data showed crude and gasoline stockpiles declined. Futures advanced as much as 2.2 percent in New York after rising 1.8 percent in the previous two sessions. Crude inventories fell by 8.13 million barrels last week, the American Petroleum Institute was said to report. If the decline is replicated in ...

Read More »

Chinese internet clampdown hurts business: US group

Bloomberg China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain access to websites like Facebook and Google blocked by China’s regulators, companies use VPNs to ensure speed and efficiency as they migrate more services ...

Read More »
Send this to a friend