India sees 2020/21 fuel demand growth rebound
March 02, 2020
India expects its refined products demand growth to rebound to 3.8% in the financial year beginning April, tracking improved economic growth, according to government estimates that were made in January before the coronavirus broke out.
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Oil Looks Into Abyss as Virus Threatens Demand Contraction
March 01, 2020
Flights canceled in Europe, schools closed in Japan, towns quarantined in Italy and panic in California. The coronavirus crisis has gone global, and with it, its impact on energy demand.
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Oil Looks Into Abyss as Virus Threatens Demand Contraction
March 01, 2020
Flights canceled in Europe, schools closed in Japan, towns quarantined in Italy and panic in California. The coronavirus crisis has gone global, and with it, its impact on energy demand.
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Ships Turn Into Floating Storage Units for Oil and Gas as Chinese Buyers Back Out
February 28, 2020
A new glut of oil and gas is emerging, floating at sea, as the novel coronavirus epidemic cuts China’s appetite for fuel and hampers work at Chinese ports. [Article behind paywall]
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Oil Has Its Worst Week Since the Financial Crisis After 5% Friday Drop
February 28, 2020
U.S. oil prices had their worst week since 2008, when the global financial system was melting down, as the coronavirus-driven selloff in risky assets accelerated. [Article behind paywall]
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Oil Has Its Worst Week Since the Financial Crisis After 5% Friday Drop
February 28, 2020
U.S. oil prices had their worst week since 2008, when the global financial system was melting down, as the coronavirus-driven selloff in risky assets accelerated. [Article behind paywall]
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Ships Turn Into Floating Storage Units for Oil and Gas as Chinese Buyers Back Out
February 28, 2020
A new glut of oil and gas is emerging, floating at sea, as the novel coronavirus epidemic cuts China’s appetite for fuel and hampers work at Chinese ports. [Article behind paywall]
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Oil sinks to lowest price in a year as virus fears grow
February 27, 2020
Oil prices today hit their lowest level since January last year as fears about the impact of the coronavirus on the world economy grew.
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LNG suppliers eye Thailand, Turkey, Japan to cut unwanted floating storage
February 27, 2020
LNG suppliers are reaching out to potential alternate buyers in Asia and Europe to sell cargoes diverted from China following the coronavirus outbreak, as they scramble to cut floating storage positions they have been forced to hold even...
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Oil prices fall for fifth day to lowest in a year
February 27, 2020
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
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