Yongchang Chin

Covering crude oil markets for Bloomberg @business news • Tweets and opinions are mine

[Yongchang Chin @yongchang_chin]

Iraq’s state-owned marketing company is offering buyers last-minute crude cargoes, according to people with direct knowledge of the matter, as sky-high freight rates complicate the purchase of shipments from deep inside the Persian Gulf. https://t.co/Yx1zpucPno

[Yongchang Chin @yongchang_chin]

Saudi Arabia’s crude shipments in September jumped to the highest level since the start of the Iran war, after the kingdom quickly ramped up exports via the Strait of Hormuz following an attack on its key bypass pipeline. https://t.co/Nez7WSBe3T

[Yongchang Chin @yongchang_chin]

Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply crunch in the region. https://t.co/JSzlPxKvY3

[Yongchang Chin @yongchang_chin]

Several Asian refiners have been told informally by Saudi Aramco they will soon be able to pick up oil from the Red Sea port of Yanbu https://t.co/PLBqHAEegR

[Yongchang Chin @yongchang_chin]

Indian refiners, currently eyeing deliveries for the month of November, could cut back purchases of crude shipments from Russia after a sweeping US sanctions bill was signed into law last week, raising the threat of fresh punitive tariffs. https://t.co/xJp2ed3xNA

[Yongchang Chin @yongchang_chin]

The world is running out of supertankers, threatening to disrupt oil flows when fuel markets have never been tighter https://t.co/qrceC7KYkV

[Yongchang Chin @yongchang_chin]

Saudi Arabia is ramping up prompt spot sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea coast. https://t.co/vysVivQctw

[Yongchang Chin @yongchang_chin]

Japanese refiners have stepped up purchases of Middle Eastern oil after the shutdown of a key Saudi Arabian pipeline heightened concerns over prompt supplies https://t.co/UyEGhERQ9u

[Yongchang Chin @yongchang_chin]

Asian oil refiners are waiting for clarity on cargoes due to be picked up at Saudi Arabia’s Red Sea port of Yanbu, after the kingdom was forced to close a vital pipeline that serves the terminal following drone attacks https://t.co/awRAtezfUp

[Yongchang Chin @yongchang_chin]

Oil traders are growing increasingly cautious about longer-term positions as the wars in Iran and Ukraine cloud the outlook beyond the next few months https://t.co/05gFb63S9v

[Yongchang Chin @yongchang_chin]

Trans Mountain Corp., a pipeline operator owned by the Canadian government, is working to boost volumes it can ship from the west coast to tap Asian demand growth as conflict in the Middle East roils flows https://t.co/8fTIeXm5oH

[Yongchang Chin @yongchang_chin]

Oil-product markets are flashing signs of tightness while crude’s outlook looks reasonable, with flows through the Strait of Hormuz picking up, according to Vitol Group Chief Executive Officer Russell Hardy https://t.co/JKVT8pm3q2

[Yongchang Chin @yongchang_chin]

Global oil markets are showing fresh signs of strain after months of war, as conflict-weary traders, anxious buyers, and under-pressure executives huddle in Singapore for the region’s main industry gathering https://t.co/DP0lIRrTqP

[Yongchang Chin @yongchang_chin]

Refiners in India and China, the world’s two biggest oil importers, are stepping up spot purchases of Middle Eastern crude and pushing prices higher https://t.co/BGIamv6Jyu

[Yongchang Chin @yongchang_chin]

Oil shipments to India have been disrupted by a resurgence of fighting in the Middle East, with at least two refiners forced to arrange more costly, alternative cargoes after planned deliveries didn’t arrive on time. https://t.co/LDkFwDfwra

[Yongchang Chin @yongchang_chin]

I write about food too!

It’s hard to eat a bad meal in Singapore. Here’s where to go for the best street food, cocktails and great-value meals. https://t.co/iAD8lS5Fxc

[Yongchang Chin @yongchang_chin]

Asian refiners have increased purchases of Argentinian crude as the Iran war disrupts supply from the Middle East and drives competition for barrels from other regions. https://t.co/iJ9IYVj49x

[Yongchang Chin @yongchang_chin]

Saudi Arabia has sold its heavier crude grades to Chinese refiners for a second time this month, a sign that flows through the Strait of Hormuz are likely to remain elevated. https://t.co/to44osJAdH

[Yongchang Chin @yongchang_chin]

The flow of crude through the Strait of Hormuz is creeping higher as producers across the Middle East boost exports in the face of Iran’s lingering threat to shipping https://t.co/CS1pMgHBNQ

[Yongchang Chin @yongchang_chin]

Iraq is offering buyers of its crude the option to collect supplies from outside of the Persian Gulf for the first time since the Iran war began https://t.co/6UNVQsLcMy