Sing Fuels

Sing Fuels is a leading provider of global energy solutions, offering Fuel Oil, Gas Oil, Base Oil, Lubricants, Carbon Credits, Petrochemicals & other products.

[Sing Fuels @SingFuels]

Morning update (31 Jul 23):
Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset a less pessimistic growth outlook. #singfuels #oil

[Sing Fuels @SingFuels]

Morning update (19 Jul 23):
Oil prices edged down on Wed, after opening higher at the start of Asian trade, as markets weighed U.S. demand concerns against China's pledge to support economic growth, tighter Russian supply and declining U.S. inventories. #singfuels #oil

[Sing Fuels @SingFuels]

Morning update (18 Jul 23):
Oil prices inched upwards in Asian trade on Tuesday as investors eyed a possible tightening of U.S. crude supplies, after sinking in the previous session on weaker-than-expected Chinese economic growth. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (14 Jul 23):
On Friday, crude oil prices rose for the third consecutive week for the first time since April, caused by supply disruptions in Libya and Nigeria, as well as expectations that U.S. inflation will ease. #singfuels

[Sing Fuels @SingFuels]

Morning update (13 Jul 23):
Thursday's Asian trade saw oil prices rise, hovering near three-month highs as softer-than-expected inflation data eased some anxiety over interest rate hikes. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (23 Jun 23):
As a result of Britain's higher-than-expected interest rate rise and warnings about looming rate rises in the U.S., oil prices fell for a second consecutive session on Friday, heading for a weekly decline of more than 3%. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (22 Jun 23):
After the Federal Reserve chairman hinted at further interest rate hikes, oil futures fell Thursday on demand fears, while traders were waiting for official U.S. inventory data after an unexpected drop in crude stocks in an industry report.

[Sing Fuels @SingFuels]

Morning update (21 Jun 23):

As expectations of hawkish Fed talks later in the afternoon and possible U.S. crude stock draws in outweighed concerns about China demand, oil prices rebounded early Wednesday. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (20 Jun 23):
The price of oil fell on Tuesday after China cut benchmark lending rates less than some expected, sowing further concerns over oil demand in the world's largest crude importer. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (15 Jun 23):
With markets now watching Chinese economic data for demand indications, oil prices edged higher on Thursday, recovering some ground from the previous day's plunge on worries about future U.S. interest rate hikes. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (9 Jun 23):

Prices fell on Friday due to demand concerns and scepticism that the United States and Iran could strike a nuclear agreement, marking their second consecutive weekly loss. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (7 Jun 23):

In Asian trade on Wednesday, oil prices fell as weak Chinese trade data fueled fears of slowing demand there, reversing all gains made earlier this week following OPEC's supply cuts. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (5 Jun 23):
The price of oil rose $1 a barrel on Monday after Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (2 Jun 23):
Despite uncertainty ahead of an OPEC meeting over the weekend, oil prices rose in Asian trade on Friday as markets cheered the approval of a bill to raise the U.S. debt ceiling and avoid a default. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (1 Jun 23):
Oil prices rose on Thursday as a potential pause in interest rate hikes and the passage of a crucial debt ceiling bill renewed optimism about future fuel demand growth in the world's biggest oil consumer. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (30 May 23):
As fears of more interest rate hikes by the Federal Reserve and sluggish economic growth offset optimism over raising the U.S. debt ceiling, oil prices reversed early gains on Tuesday to trade lower. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (26 May 23):
On Friday, oil prices weakened in early trade due to conflicting messages from Saudi Arabia and Russia ahead of the next OPEC+ policy meeting and a stronger dollar. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (25 May 23):
There was little movement in oil prices on Thursday as uncertainty over a U.S. debt default weighed against the prospects of further OPEC+ production cuts. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (23 May 23):
Despite concerns over a U.S. debt default, oil prices rose on Tuesday as investors expected a tighter market due to seasonal increases in gasoline demand and supply cuts from OPEC+ producers. #singfuels #oilprices

[Sing Fuels @SingFuels]

Morning update (19 May 23):
On Friday, oil prices rose in Asian trade after a volatile week as optimism over raising the U.S. debt ceiling offset fears of bloated supply and worsening economic conditions. #singfuels #oilprices