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Market Talk – January 12, 2022 | Armstrong Economics

Spread the lovemore ASIA: China is aiming to eliminate the Covid-19 outbreak before Lunar New Year and the Winter Olympics in Beijing next month. Around 20 million people have been sent to ‘quarantine centres’ in various cities. People contracting the coronavirus disease (Covid-19) in China are forcefully confined to cramped metal boxes, the Daily Mail […]
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India's petrol demand rose 4.1% year-on-year in December

India's December fuel demand rose about 0.4% year-on-year, data from the oil ministry's Petroleum Planning and Analysis Cell showed on Tuesday. Fuel consumption, a proxy for oil demand, totalled 1.84 crore tonnes, down 2.7% from December 2019. Consumption of diesel, which accounts for about 40% of India's refined fuel sales, was up 1.6% year-on-year to 73.1 lakh tonnes and was
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India's petrol demand rose 4.1% year-on-year to 9-month high in December

India's fuel consumption in December scaled a nine-month peak, government data showed on Tuesday, although a fresh coronavirus wave may slow the gradual recovery of demand in the world's third-biggest oil consumer. Fuel consumption, a proxy for oil demand, totalled 18.43 million tonnes, up 7.6 per cent from November and 0.4 per cent from a year before, data from the oil
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India's jet fuel demand facing headwinds as third COVID wave looms | Hellenic Shipping News Worldwide

India’s jet fuel demand will likely face headwinds in the coming months, tempering hopes of a robust recovery in 2022, as a third pandemic wave appears imminent after a sudden surge in infections in recent days, industry sources said. However, supply-side constraints amid elevated demand elsewhere in Asia were expected to keep jet fuel prices ...
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