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Read more about Fuel sales plunge to lowest in year in India as states lock down for Covid on Business Standard. Oil demand across wide swathes of Asia has been hurt by resurgent coronavirus waves in recent months ....
The Jackson Symphony celebrates its 60th anniversary wbbjtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbbjtv.com Daily Mail and Mail on Sunday newspapers.
Major oil trading firms stow diesel, jet fuel on supertankers as demand rebound eyed hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Major oil trading firms stow diesel, jet fuel on supertankers as demand rebound eyed SECTIONS Last Updated: Apr 21, 2021, 01:13 PM IST Share Synopsis Trafigura, Glencore and Vitol are holding about 1.5 million tonnes of the industrial and aviation fuel on at least seven Very Large Crude Carriers (VLCCs) off Singapore, Malaysia, Sri Lanka and Africa, according to shipping sources and data from analytics firms Vortexa, Kpler and Refinitiv. Reuters File photo. Major oil trading companies are stowing diesel and jet fuel on newly built supertankers in Asia and Africa in anticipation of COVID-19 vaccinations driving prices higher in the months ahead despite the activity being less lucrative now than last year. ....
China’s Mega-Refineries Throttling Other Asia Oil Processors Sun Online Desk SK Innovation’s oil refinery facilities in Ulsan, South Korea. Photographer: SeongJoon Cho/Bloomberg The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. But the fallout from Covid-19 is hastening the impact and accelerating consolidation across the region. A frenzy of refinery building in China is set to make the nation the world’s largest crude processor this year. At the same time, a drive to de-carbonize Asia’s biggest economy means demand for fuels like diesel and gasoline will decline, potentially leading to more exports from the new facilities. ....