Yongchang Chin (@yongchang_chin) 's Twitter Profile
Yongchang Chin

@yongchang_chin

Covering crude oil markets for Bloomberg @business news • Energy, commodities, and other bits too • Tweets and opinions are mine, not my employer's

ID: 1164137086535884800

linkhttps://www.bloomberg.com/authors/AUJztO3yV14/yongchang-chin calendar_today21-08-2019 11:30:12

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Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Russian crude is getting even cheaper for India buyers as New Delhi faces sustained US pressure to cut its oil trade with Moscow, which the Trump administration says is helping fund the war in Ukraine bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

An expected move by the world’s top oil-producing nations to once again increase output will set the tone for Asia’s biggest gathering of oil executives this week, with chatter about looming oversupply certain to dominate conversations bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

There’s good reason why oil traders aren’t panicking as OPEC+ starts pouring even more crude into an oversupplied market. One explanation is that the hike scheduled for October is marginal. Another is that the actual amount will probably not materialize. bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

At Asia’s biggest gathering of oil executives and traders this week, two questions loomed over every conversation: How much is China buying for its strategic petroleum reserves, and how long will Beijing keep going? bloomberg.com/news/articles/…

Bill Lehane (@bill_lehane) 's Twitter Profile Photo

Crude #oil from the Atlantic basin has become more attractive to Asian buyers after a closely-watched spread known as the Brent-Dubai EFS narrowed sharply to almost zero Wednesday, opening up an opportunity for bigger flows east. #OOTT Yongchang Chin bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

'Trawling high-end bars with the oil crowd' for Bloomberg's weekly Singapore Edition newsletter #appec bloomberg.com/news/newslette…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Crude from the US could become too expensive for Asian buyers due to higher tankers rates, which have been inflated by an increase in Chinese purchases and traders positioning for more OPEC+ supply bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Saudi Arabia and its partners are likely to approve another boost for November, possibly in line with the modest 137,000 barrel-a-day increment scheduled for next month, according to a Bloomberg survey of traders and analysts bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Oil prices in the Middle East are starting to show the strain from concerns over a looming surplus, as OPEC+ presses ahead with its strategy to reclaim market share and demand from Chinese refiners softens bloomberg.com/news/articles/…

Rakesh Sharma (@journorakesh) 's Twitter Profile Photo

#India’s #oil imports from leading supplier #Russia dipped in September, but held at about a third of overall shipments in spite of a #US push to curb flows it says are helping to fund Moscow’s war in #Ukraine. With Yongchang Chin bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Exxon’s planned global job cuts will affect as much as 15% of its Singapore workforce by the end of 2027 bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

The volume of unsold Middle Eastern oil last month that's set to be loaded in November ranged from 6 million barrels to 12 million barrels, a sign that an expected global surplus could be starting to emerge bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

A large blaze has broken out after an explosion at a Chevron refinery in Los Angeles County, according to CBS News bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

India is seeking to secure its first long-term supplies of liquefied petroleum gas from the US, as Washington’s trade war disrupts flows of the cooking fuel and plastics precursor bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Vitol has built up a significant position in North Sea crude, indicating a bullish bet on benchmark prices despite the risk of bigger supplies bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Oil opened higher after OPEC and allies agreed to raise production by a modest amount next month, staving off traders’ fears of a super-sized quota increase bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Saudi Arabia kept the price of its main oil grade to Asia unchanged for November, a sign of caution from the world’s biggest crude exporter after OPEC+ decided over the weekend to push ahead with supply increases bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

Several executives from state-owned Indian refiners say they were caught off guard by Trump’s comments, and some say imports of Russian oil will drop in the short term bloomberg.com/news/articles/…

Yongchang Chin (@yongchang_chin) 's Twitter Profile Photo

The long-awaited surplus in global oil markets is about to arrive, heralded by a billion-barrel flotilla on the world's seas bloomberg.com/news/articles/…