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Oil Prices Fall As Inflation Concerns Mount

by Bloomberg |Thursday, May 13, 2021 Oil slumped the most in over a month alongside a commodities downturn. (Bloomberg) Oil slumped the most in over a month alongside a commodities downturn as growing inflation concerns raise the specter of a less accommodative U.S. Federal Reserve. West Texas Intermediate futures fell 3.4% on Thursday to the lowest since the end of April. Prices paid to U.S. producers rose in April by more than forecast, adding to signs of rising inflationary pressures that have gripped broader markets recently. Elsewhere, China’s Premier Li Keqiang urged the country to deal effectively with the commodity price surge and its impact, according to a state television report, echoing previous comments from officials.

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Asia Fuel Oil-380-cst cash discount widens on weak demand, ample stocks | Hellenic Shipping News Worldwide

Asia Fuel Oil-380-cst cash discount widens on weak demand, ample stocks Asian cash differentials for cargoes of 380-cst high-sulphur fuel oil (HSFO) extended losses on Tuesday, dipping to a fresh 2021 low amid sluggish seasonal demand for use in power generation and ample supplies, trade sources said. The HSFO market is expected to receive a boost from increased demand from Middle Eastern utilities in the hot summer months, primarily Saudi Arabia, but the ramp up in demand for Asia cargoes has so far been slow compared to last year, the sources said. The 380-cst HSFO cash discount slipped to minus 64 cents a tonne to Singapore quotes, down from 52 cents on Monday and its widest discount since Dec. 31.

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Petrol Price in MP Petrol crosses 102 rupee in Anuppur and Shahdol and 100 rupee cross in Indore Bhopal Jabalpur and Gwalior

Petrol Price in MP Petrol crosses 102 rupee in Anuppur and Shahdol and 100 rupee cross in Indore Bhopal Jabalpur and Gwalior
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India CEO series: ExxonMobil eyes bigger footprint in India s energy transition journey

The S&P Global Platts India CEO Series is a compilation of exclusive interviews with the leaders of top oil and gas companies in India. Get insights on how they are planning their growth roadmap at a time when energy transition is changing the industry s landscape, how companies are finding their way through the COVID-19 pandemic, as well as solutions needed to meet the country s insatiable appetite for energy. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now India s ambitions to make its energy basket cleaner has provided ExxonMobil an opportunity to pursue a series of initiatives from innovating to accelerate India s gas access to eying a role in unlocking the country s hydrocarbon potential, Bill Davis, CEO and lead country manager for ExxonMobil South Asia told S&P Global Platts.

Bill davisAsia plattsBill daviesExxonmobil low carbon solutionsIndian oil corpExxonmobil south asiaMobil south asiaPlatts indiaExxonmobil southIndian oilChart industriesர சி து டேவிஸ்ர சி து டேவிஸ்எக்ஷ்க்ஷொன்மொபில் குறைந்த கார்பன் தீர்வுகள்இந்தியன் எண்ணெய் கார்ப்எக்ஷ்க்ஷொன்மொபில் தெற்கு

Indian oil refiners cut output, imports as pandemic hits demand

Indian oil refiners cut output, imports as pandemic hits demand 05/11/2021 | 04:11am EDT Send by mail : Message : Required fields NEW DELHI (Reuters) -India s top state oil refiners are reducing processing runs and crude imports as the surging COVID-19 pandemic has cut fuel consumption, leading to higher product stockpiles at the plants, company officials told Reuters on Tuesday. Indian Oil Corp, the country s biggest refiner, has reduced runs to an average of between 85% and 88% of processing capacity, a company official said, adding runs could be cut further as its plants at Gujarat, Mathura and Panipat are facing problems storing bitumen and sulphur.

India generalChristian schmollingerJason neelyNidhi vermaPetrochemicals ltdBharat petroleum corpIndian oil corpHindustan petroleum corpMangalore refineryஇந்தியா ஜநரல்ஜேசன் நீலீநிதி வெர்மாபெட்ரோ கெமிக்கல்ஸ் லிமிடெட்பாரத் பெட்ரோலியம் கார்ப்இந்தியன் எண்ணெய் கார்ப்ஹிந்துஸ்தான் பெட்ரோலியம் கார்ப்