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REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide
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Indian oil refiners shut for work before likely demand pickup

Bharat Petroleum has lined up work at its plants across India, while Hindustan Petroleum Corp. is completing pending repairs and an expansion of its Mumbai refinery.

India generalNew delhiMukesh kumar suranaHindustan petroleum corpHindustan petroleumUbs securitiesIndian oilBharat petroleumIndia oil consumptionஇந்தியா ஜநரல்புதியது டெல்ஹிமுகேஷ் குமார் சூரனாஹிந்துஸ்தான் பெட்ரோலியம் கார்ப்ஹிந்துஸ்தான் பெட்ரோலியம்அபீஶ் பத்திரங்கள்இந்தியன் எண்ணெய்

India s oil industry struggles to predict demand recovery in pandemic | Hellenic Shipping News Worldwide

India’s oil industry struggles to predict demand recovery in pandemic Indian energy demand is taking a big hit as Covid-19 runs rampant across the country. But uncertainty around when the virus wave will subside and the lack of a unified government response has left the oil industry in the dark as to how quickly consumption might pick up again. The demand destruction over the last couple of months has been less severe than last year, when the government imposed the world’s biggest national lockdown. However, the lack of a coordinated effort to shut down activity to halt the virus’s spread will likely lead to a longer, although less pronounced, economic slump.

India generalNaveen kumar guptaMukesh kumar suranaNarendra modiSenthil kumaranShrikant madhav vaidyaIndia motor transport congressIndian oil corpHindustan petroleum corpPrime minister narendra modiHindustan petroleumAll india motor transportஇந்தியா ஜநரல்நவீன் குமார் குப்தாமுகேஷ் குமார் சூரனாநரேந்திர மோடி

India s oil industry struggles to predict demand recovery in pandemic

Oil Demand Recovery in India Tough to Predict

by Bloomberg |Thursday, May 27, 2021 Indian energy demand is taking a big hit as Covid-19 runs rampant across the country. (Bloomberg) Indian energy demand is taking a big hit as Covid-19 runs rampant across the country. But uncertainty around when the virus wave will subside and the lack of a unified government response has left the oil industry in the dark as to how quickly consumption might pick up again. The demand destruction over the last couple of months has been less severe than last year, when the government imposed the world’s biggest national lockdown. However, the lack of a coordinated effort to shut down activity to halt the virus’s spread will likely lead to a longer, although less pronounced, economic slump.

India generalNaveen kumar guptaMukesh kumar suranaAbhishek guptaNarendra modiBloomberg indianSenthil kumaranShrikant madhav vaidyaBharat petroleum corpIndia motor transport congressIndian oil corpHindustan petroleum corpPrime minister narendra modiHindustan petroleumAll india motor transportBloomberg economics