Indonesia is hiring tankers to store refined fuels at sea as it seeks to take advantage of plunging prices of oil products such as gasoline and diesel.   Read Article  +

Oil prices are set to fall further after US futures closed the week at 18-year lows in spite of a global pact to stabilise markets.   Read Article  +

Oil prices are set to fall further after US futures closed the week at 18-year lows in spite of a global pact to stabilise markets.   Read Article  +

The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry w...  +

COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic has proven otherwise. Energy prices have p...  +

COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic has proven otherwise. Energy prices have p...  +

The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry w...  +

China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there are some signs of recovery as the country begins to ease virus-relat...  +

As more than 1.3 billion Indians are forced to stay home and factories are idled amid the world’s biggest coronavirus lockdown, there’s one fuel that’s proving resilient to the resulting plunge in energy demand.   Read Article  +

India’s diesel exports are expected to surge in April, with more companies such as state-owned refiners joining the selling spree in a rare move after domestic fuel demand collapsed due to a virus-led lockdown.   Read Article  +