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Domestic fuel demand rebounds as Covid lockdown restrictions ease
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India s fuel sales recover as lockdown restrictions ease
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Domestic Fuel Sales Recover As Lockdown Restrictions Ease In India
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India s fuel sales recover as coronavirus lockdown restrictions ease
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Asia crude oil: Key market indicators this week
Trade activity in the Asian crude oil market is likely to pick up pace for August-loading barrels amid a strong market sentiment, which remains largely supported by brightening demand cues as COVID-19 cases decline in key demand centers such as India.
August ICE Brent crude futures were pegged at $72.96/b at 0230 GMT June 14, 27 cents/b higher from the 0830 GMT Asian close on June 11.
Middle East crude The week ahead is likely to see an uptick in trade for August-loading crude through spot tenders by Middle East producers and Asian refiners. Eyes will be on the issuance of Qatar Petroleum’s Al-Shaheen tender this week with cash premiums in the tender expected to be higher than previous months given the stronger demand cues emerging from Asia.