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Fuel demand in COVID-hit India plunges in May - data
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इस्पात, तेल उद्योग दे रहा है दैनिक 6,650 टन आक्सीजन : प्रधान
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आईओसी ने पानीपत में शुरू किया 500 बिस्तरों का कोविड केयर अस्पताल
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Crude MOC: Sour complex rallies; pandemic weighs on India’s crude purchases
Benchmark cash Dubai’s premium against Dubai futures rose sharply at the Asian close May 14 while India’s struggle to contain the COVID-19 virus is severely limiting its crude import volumes.
S&P Global Platts assessed July cash Dubai at a premium of $1.24/b over the same-month Dubai futures at the 4.30pm Singapore close on May 14, up 41 cents/b from the Asian close on May 12.
July cash Oman was pegged at a premium of $1.39/b over same-month Dubai futures, up 49 cents/b from the previous close.
India kickstarted its crude buying activity this month through a spate of tenders by Indian Oil Corp. along with a tender issued by fellow refiner MRPL.
Oil Steadies Near $64 as Market Weighs Demand Against Inflation
May 14 2021, 7:51 AM
May 14 2021, 5:31 AM
May 14 2021, 7:51 AM
(Bloomberg) Oil steadied after dropping the most in more than a month on fears accelerating inflation could cause central banks to pull back from accommodative monetary policy.
(Bloomberg) Oil steadied after dropping the most in more than a month on fears accelerating inflation could cause central banks to pull back from accommodative monetary policy.
West Texas Intermediate traded near $64 a barrel after slumping 3.4% on Thursday, the most since April 5, amid a broad retreat in commodities that followed a pick-up in consumer-price gains. Prices have dropped 1.9% this week, despite a broadly positive assessment from the International Energy Agency that showed the global glut that built up last year has been cleared.