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

Singapore

Joined August 2019

2KFollowing

1KFollowers

Yongchang Chin@yongchang_chin · Jul 25

Indian private refiner Reliance Industries purchased a shipment of Abu Dhabi’s flagship Murban crude in recent days on an Intercontinental Exchange Inc. platform bloomberg.com/news/articles/…

yongchang_chin's tweet card. Indian private refiner Reliance Industries Ltd. purchased a shipment of Abu Dhabi’s flagship Murban crude in recent days on an Intercontinental Exchange Inc. platform.

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Yongchang Chin@yongchang_chin · Jul 23

The oil-procurement patterns of India’s Reliance Industries are coming under scrutiny after the European Union announced new restrictions on diesel made from Russian crude bloomberg.com/news/articles/…

yongchang_chin's tweet card. The oil-procurement patterns of India’s Reliance Industries Ltd. are coming under scrutiny after the European Union announced new restrictions on diesel made from Russian crude.

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Yongchang Chin@yongchang_chin · Jul 23

Shipowners and oil traders are staying away from Russia-backed Nayara Energy as part of the fallout faced by the Indian refiner, after it was singled out in the latest round of European Union sanctions bloomberg.com/news/articles/…

yongchang_chin's tweet card. Shipowners and oil traders are staying away from Russia-backed Nayara Energy Ltd. as part of the fallout faced by the Indian refiner, after it was singled out in the latest round of European Union...

Yongchang Chin@yongchang_chin · Jul 19

Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production bloomberg.com/news/articles/…

yongchang_chin's tweet card. Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.

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Yongchang Chin@yongchang_chin · Jul 16

Global oil inventories have swollen at a rapid clip in recent months, but given the bulk of the increase has been in the Asia-Pacific, prices have been able to hold their ground for now, according to Morgan Stanley bloomberg.com/news/articles/…

yongchang_chin's tweet card. Global oil inventories have swollen at a rapid clip in recent months, but given the bulk of the increase has been in the Asia-Pacific, prices have been able to hold their ground for now, according to...

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Yongchang Chin@yongchang_chin · Jul 15

President Donald Trump’s threat to impose financial penalties on Russia has put the spotlight on the two biggest buyers of Moscow’s crude — India and China — but markets remain skeptical of disruption, for now bloomberg.com/news/articles/…

yongchang_chin's tweet card. President Donald Trump’s threat to impose financial penalties on Russia has put the spotlight on the two biggest buyers of Moscow’s crude — India and China — but markets remain skeptical of disrupt...

Yongchang Chin@yongchang_chin · Jul 15

China’s push to stockpile crude will help offset softer commercial demand and keep imports “robust,” according to Energy Aspects bloomberg.com/news/articles/…

Yongchang Chin@yongchang_chin · Jul 14

China’s purchases of Iranian crude rose in June to the highest since March’s record levels, in part because of speedier loadings as sellers sought to avoid getting tangled in the country’s conflict with Israel, according to data from Vortexa bloomberg.com/news/articles/…

yongchang_chin's tweet card. China’s purchases of Iranian crude rose in June to the highest since March’s record levels, in part because of speedier loadings as sellers sought to avoid getting tangled in the country’s conflict...

Yongchang Chin@yongchang_chin · Jul 14

Donald Trump’s recent barrage of tariff letters — containing some of the highest tax rates yet — is reviving concerns that a global trade war will reduce crude consumption bloomberg.com/news/articles/…

yongchang_chin's tweet card. While US President Donald Trump’s chaotic tariff strategy has disrupted the oil market for months, his renewed attacks on trading partners this week have solidified consensus on at least one matter:...

Yongchang Chin@yongchang_chin · Jul 10

Confusion around Abu Dhabi National Oil Co.’s supply of its flagship crude grade for this month has left traders frustrated and questioning official messaging around output bloomberg.com/news/articles/…

yongchang_chin's tweet card. Confusion around Abu Dhabi National Oil Co.’s supply of its flagship crude grade for this month has left traders frustrated and questioning official messaging around output.

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Yongchang Chin@yongchang_chin · Jun 30

Oil traders expect OPEC+ will agree a fourth bumper oil supply increase this weekend as group leader Saudi Arabia continues its bid to reclaim market share bloomberg.com/news/articles/…

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Yongchang Chin@yongchang_chin · Jun 29

For today’s oil traders, headlines about bombs falling have increasingly become an opportunity to sell. bloomberg.com/news/articles/…

yongchang_chin's tweet card. For today’s oil traders, headlines about bombs falling have increasingly become an opportunity to sell.

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Yongchang Chin@yongchang_chin · Jun 27

An unexpected move by the UAE to cut volumes of a key oil grade sold to project partners including BP and TotalEnergies is set to put a dent in some trading books bloomberg.com/news/articles/…

yongchang_chin's tweet card. An unexpected move by the United Arab Emirates to cut volumes of a key oil grade sold to project partners including BP Plc and TotalEnergies SE is set to put a dent in some trading books.

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Yongchang Chin@yongchang_chin · Jun 22

The oil market has been wrestling for days with Donald Trump’s next act in an escalating Middle East conflict. Now American jets have struck Iran’s three main nuclear sites, a move that leaves traders preparing for a price surge bloomberg.com/news/articles/…

yongchang_chin's tweet card. Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to US airstrikes will lead to a disruption in crude flows that have been largely...

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Yongchang Chin@yongchang_chin · Jun 19

Middle Eastern oil that loads outside the Persian Gulf and at least one Malaysian grade are suddenly more popular with Asian buyers as the Israel-Iran conflict threatens to imperil the passage of vessels through the Strait of Hormuz bloomberg.com/news/articles/…

yongchang_chin's tweet card. Middle Eastern oil that loads outside the Persian Gulf and at least one Malaysian grade are suddenly more popular with Asian buyers as the Israel-Iran conflict threatens to imperil the passage of...

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Yongchang Chin@yongchang_chin · Jun 18

Oil options are now more bullish than just after Russia’s invasion of Ukraine in 2022, showing a global market that’s on edge as Israel and Iran trade blows bloomberg.com/news/articles/…

yongchang_chin's tweet card. Oil options are now more bullish than after Russia’s invasion of Ukraine in 2022, showing a global market that’s on edge as Israel and Iran trade blows, and speculation mounts that the US may join...

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Yongchang Chin@yongchang_chin · Jun 17

A blaze has been spotted in waters off the United Arab Emirates and near the entrance to the Strait of Hormuz, according to an an alert issued by a maritime security firm active in the area bloomberg.com/news/articles/…

yongchang_chin's tweet card. Two giant ocean-going tankers collided and caught fire and two other ships were approached by Iranian boats near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets...

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Yongchang Chin@yongchang_chin · Jun 17

Tanker rates for vessels carrying refined oil products from the Middle East have surged in recent days, as the exchange of fire between Israel and Iran puts the flow of goods in the Hormuz Strait in the spotlight bloomberg.com/news/articles/…

yongchang_chin's tweet card. The cost of hauling refined oil out of the Middle East surged on Tuesday as shippers reacted to the conflict between Israel and Iran.

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Yongchang Chin@yongchang_chin · Jun 16

Oil supplies from the Middle East face increasing risk as the conflict between Israel and Iran drags on, according to RBC Capital Markets LLC, which warned that energy is now “clearly in the crosshairs" bloomberg.com/news/articles/…

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Yongchang Chin@yongchang_chin · Jun 16

Oil options don’t typically trade to a large extent during the Asian day, but a fresh wave of bullishness is washing through that market on Monday morning as the confrontation between Israel and Iran escalates bloomberg.com/news/articles/…

yongchang_chin's tweet card. A fresh wave of bullishness is washing through the oil-options market as traders protect against the risk to supplies in a region that pumps a third of the world’s oil from mounting attacks between...

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