REFINERY NEWS ROUNDUP: Weak margins, run cuts in Asia-Pacific
March 27, 2020
Asian refining margins are set to weaken further -- despite record low crude prices -- undermined by demand destruction for transportation fuels as global efforts to stem the coronavirus pandemic slash air and land travel, market sources...
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Indian LNG importers invoke force majeure as gas demand slumps - sources
March 25, 2020
Indian liquefied natural gas (LNG) importers have issued force majeure notices to suppliers as domestic gas demand and port operations are hit by a nationwide lockdown to curb the spread of coronavirus, industry sources told Reuters.
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India lockdown: Domestic oil demand hit, cheaper crude offers opportunity to store
March 25, 2020
The collapse in oil prices has created opportunities for India to ship in incremental crude cargoes, but dwindling domestic demand because of a countrywide lockdown means that oil buyers will be treading cautiously as they try to gauge t...
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India lockdown: Domestic oil demand hit, cheaper crude offers opportunity to store
March 25, 2020
The collapse in oil prices has created opportunities for India to ship in incremental crude cargoes, but dwindling domestic demand because of a countrywide lockdown means that oil buyers will be treading cautiously as they try to gauge t...
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Indian LNG importers invoke force majeure as gas demand slumps - sources
March 25, 2020
Indian liquefied natural gas (LNG) importers have issued force majeure notices to suppliers as domestic gas demand and port operations are hit by a nationwide lockdown to curb the spread of coronavirus, industry sources told Reuters.
...
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Glut of jet fuel is on brink of overwhelming global storage
March 24, 2020
The world is close to running out of space to store all the fuel that jets are no longer burning.
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Glut of jet fuel is on brink of overwhelming global storage
March 24, 2020
The world is close to running out of space to store all the fuel that jets are no longer burning.
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Oil’s demand plunge doing more damage than the price war
March 21, 2020
Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels a day. Bullish, right?
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Oil’s demand plunge doing more damage than the price war
March 21, 2020
Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels a day. Bullish, right?
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Oil refiners curb output as coronavirus cuts fuel demand
March 20, 2020
Oil refiners worldwide are reducing output or considering production cuts as the coronavirus outbreak keeps people at home and paralyses air travel, causing an unprecedented drop in fuel demand.
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