The heads of two of the country's remaining four refineries have signalled that their plants could shut down without government support as soft refining margins and a slump in fuel demand due to COVID-19 push plants into the red and cost...  +

The large-scale shutdown of economic activity related to the global pandemic response has caused demand for refined petroleum products to plunge dramatically, placing refiners around the world into a difficult situation. Refinery product...  +

The large-scale shutdown of economic activity related to the global pandemic response has caused demand for refined petroleum products to plunge dramatically, placing refiners around the world into a difficult situation. Refinery product...  +

The coronavirus crisis has thrown the oil market out of balance and like other forecasters, we expect an unprecedented contraction in oil demand this year.   Read Article  +

The coronavirus crisis has thrown the oil market out of balance and like other forecasters, we expect an unprecedented contraction in oil demand this year.   Read Article  +

Asian gasoil markets will continue to face headwinds over the next few months even as refineries cut processing rates further and economies gradually start picking up as the coronavirus pandemic becomes contained, analysts said.   Read...  +

Asian gasoil markets will continue to face headwinds over the next few months even as refineries cut processing rates further and economies gradually start picking up as the coronavirus pandemic becomes contained, analysts said.   Read...  +

A narrow waterway off Singapore has become even more congested as oil-laden tankers wait out a slump in global fuel consumption that’s crimped demand and boosted the use of ships to store cargoes.   Read Article  +

A narrow waterway off Singapore has become even more congested as oil-laden tankers wait out a slump in global fuel consumption that’s crimped demand and boosted the use of ships to store cargoes.   Read Article  +

Market pessimism continues to grow over the impact of COVID-19 on global oil demand despite signs that economic measures to contain the pandemic are starting to ease in Europe, the continent hardest-hit by the crisis.   Read Article  +