Hong Kong Crude Oil Buyers

PSE sets new record high

THE Philippine Stock Exchange index (PSEi) set a new record high yesterday after the stock market reflected gains from the Asian and US markets.

The PSEi surged 69.93 points or 1.61 percent to close at 4,421.56. This is the market’s new all-time high after its previous high of 4,397.30 recorded last Nov. 4, 2010, PSE said in a press statement.

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Value turnover reached P7.29 billion with 19,173 executed trades. Foreign investors were net buyers at P619.82 million.

“US and Asian markets appeared to have received a boost from good news at the end of last week, particularly a possible resolution of the Greece debt problem and strong economic data from the US,” PSE president and chief executive officer Hans B. Sicat said.

Elsewhere in Asia, stock markets also rose.

Exporters

Japan’s Nikkei 225 index was one percent higher at 9,965.09, having breached the psychologically important 10,000 mark earlier in the day for the first time since May 5. Sentiment was lifted by optimism about the US economy after manufacturing data for June from the Institute for Supply Management beat expectations.

Exporters were among the index’s major gainers. Honda Motor Corp. jumped 3.2 percent.

Toyota Motor Corp. was up 1.7 percent. Consumer electronics giant Panasonic Corp. moved 0.7 percent higher.

Companies that do well during times of economic expansion enjoyed broad gains. Japan’s Komatsu Corp., a world leader in heavy equipment manufacturing, added 2.1 percent. Korean steel maker POSCO rose 0.9 percent.

Materials shares were also higher, including Hong Kong-listed Zijin Mining Group, China’s biggest gold miner, which jumped 4.3 percent.

Meanwhile, rising crude prices helped lift oil-related shares. Hong Kong-listed China National Offshore Oil Corp., known as CNOOC, rose 2.3 percent.

Shares of Singapore-based Tiger Airways Holdings Ltd. plummeted 11.3 percent after Australian regulators grounded all Australian domestic flights of a Tiger subsidiary over safety concerns. Australia’s Qantas Airways, one of Tiger’s main competitors, soared 6.1 percent.

Elsewhere, South Korea’s Kospi rose 0.9 percent to 2,145.30. Hong Kong’s Hang Seng rose 1.8 percent to 22,796.37. Benchmarks in Australia, mainland China, Singapore, Taiwan and Indonesia also rose.

How to Find Crude Oil Buyers in Canada | Day Economic 8

Article by Osita Modozie

Crude oil is a big business. The reason why I say it is a big business is because it involves millions of dollars. There are up to 2 ways to sell your crude oil. They are as follows:

1. Refinery operators: refinery managers are the end users of crude oil. Crude oil is always in demand by refinery owners. Demand is high when the price of crude oil goes up. Almost all countries have refineries. Your crude oil will be easy to sell if it is light crude oil. It is because light crude oil is easy to refine than other types of crude oil. Most refinery operators know that light crude oil is very easy to refine as a result of its low sulphur content, thus saving time, cost and resources.

Once you find a crude oil refinery company, the next thing you should is to send a request to them. You should send an official request that you have crude oil to sell indicating the quantity. Also remember to attach proof of product (POP) to make it genuine. You should be very open while you are doing this. Countries where it will be easy to find buyers for your crude oil are USA mainly in California, India, Canada,China, Hong Kong, Alberta, Japan and generally Europe as a continental. You can easily find buyers of crude oil in these countries because crude oil is in high demand there. The higher cars a country has, the higher crude oil demand that country is likely to source for. The types of crude oil that sell very well are West Texas Intermediate, Basra and bonny light crude oil (BLCO) etc.

2. The second way to sell your crude oil is through crude oil intermediary brokers, agents and exchange services. If you are not ready for the hassle of hopping from place to place searching for buyers of crude oil, then you should use an agent company to do it for you. You will relax in the comfort of your office while an agent runs about searching aggressively for buyers of crude oil in place. If this turns out to be the case, then your crude oil will be sold in a short space of time. One of the leading agents that source for buyers of crude oil is Modo Oil Agency. Sometimes Modo Oil Agency has crude oil buyers in place to deliver to any intended seller.

Modo Oil Agency is a company working in the energy sector which can link you up to legitimate crude oil sellers in Nigeria and beyond which have oil available for sell. Check it out at Modo Oil Agency

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