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Virus Curbs Across Asia Threaten Recovery in Oil Demand

Indonesia, Southeast Asia’s biggest economy, is being wracked by a particularly brutal wave of Covid-19, with movement curbed in the industrial heartland of Java and the tourist enclave of Bali. Malaysia is still in the midst of a nationwide lockdown, while Thailand has just stepped up restrictions.
The mobility curbs and a lack of success in reining in delta are prompting downward revisions in forecasts for consumption of fuels, particularly gasoline. Indonesian motor fuel demand will drop by 8% in the third quarter compared with May, before the virus resurgence started having a major impact on the economy, FGE forecasts. In Malaysia, it will plunge by 17% over the same period, the industry consultant said. ....

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Virus Restrictions Across Asia Threaten Recovery in Oil Demand

Virus Restrictions Across Asia Threaten Recovery in Oil Demand
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New South Wales , Pertamina Patra Niaga , Fitch Solutions , Southeast Asia , Apple Mobility , Grayson Lim , Irto Ginting , புதியது தெற்கு வேல்ஸ் , ஃபிட்ச் தீர்வுகள் , தென்கிழக்கு ஆசியா , ஆப்பிள் இயக்கம் , கிரேசன் லிம் ,