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Singapore India aims to accelerate setting up hydrogen supply chain infrastructure as the government strongly believes that the carbon-free fuel can play a key role in meeting the energy demand in a wide range of sectors in coming years, petroleum and steel minister Dharmendra Pradhan said April 15.
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Speaking at the inaugural session of the conference held virtually and titled Hydrogen Economy: New Delhi Dialogue - 2021, Pradhan said that India would not only be pushing hydrogen in the transport sector, but would also expand its use to a range of sectors such as chemicals, iron and steel, heating and power.
Singapore The front-month Brent/Dubai Exchange of Futures for Swaps, or EFS, spread narrowed in midmorning Asia trading April 13 but was still above the $3/b mark as tender activity in the Middle East crude oil market commences for June-loading barrels.
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The June Brent/Dubai EFS was pegged at $3.07/b at 11 am Singapore time (0300 GMT) on April 13, narrowing 11 cents/b from the Asian close on April 12, S&P Global Platts data showed. The Brent/Dubai EFS is a key indicator of the spread between light, sweet and heavy, sour crudes, and a narrower EFS makes crude priced against Dubai less economically attractive for Asian refiners compared with Brent-linked ones.
Abu Dhabi National Oil Co has announced acceptances of May-loading term LPG cargo nominations with delays for a few lifters, but without cuts, market sources said April 12. A China-based importer saw a few days’ delay from its nominated dates while a Japanese trading house received a 10-day delay on its May cargo, sources said. .
(Bloomberg) Saudi Arabia will supply all the crude oil that was requested by India’s state-owned refiners and at least four other Asian customers next month as the linchpin producer starts to ramp up output.The kingdom will deliver in full what most of the refiners asked for in May-loading cargoes, while one of the customers got its volume to the U.S. curtailed, according to officials notified by Saudi Aramco. Two other customers received some cuts to overall volumes. An email sent to the producer’s press relations office wasn’t immediately answered outside regular office hours.Led by Saudi Arabia, the Organization of Petroleum Exporting Countries and its allies will restore from May some of the supply that was cut back as the pandemic ravaged demand. Following that decision, the Saudis hiked pricing for the key Asian market in expectation that consumption will rebound further. The overall plan, which includes Riyadh’s return of a unilateral supply cut, wa