Sunday, July 13, 2025
Crude prices in Asia jump on robust demand, tight supply- oil and gas 360

Crude prices in Asia jump on robust demand, tight supply

Reuters SINGAPORE (Reuters) – Asian refiners are paying the highest premiums for Middle East and Russian crude oil in about a year, due to firm demand and more costly imports from the West, industry sources said. High prices could prompt refiners to draw down inventories, tightening supply buffers even as the Organization of the Petroleum Exporting Countries (OPEC) and their

BASF postpones Wintershall Dea oil and gas business IPO- oil and gas 360

BASF postpones Wintershall Dea oil and gas business IPO

Nasdaq FRANKFURT – Chemicals group BASF (BASFn.DE) put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies. BASF and co-owner LetterOne will postpone the Initial Public Offering (IPO), previously slated for the second half of 2021, to a later point in time, the German group