Page 2 - Jit Yang News Today

Asia’s oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months earlier, as China’s strict lockdowns aimed at battling the resurgence of the COVID-19 pandemic overshadow positive oil demand signs emerging from the rest of Asia. While most Asian governments are easing restrictions, aiding a sustained recovery ...

Asias oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months back, as Chinas strict lockdowns aimed at battling the resurgence

Asias oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months back, as Chinas strict lockdowns aimed at battling the resurgence of the Covid-19 pandemic overshadow the positive oil demand signs emerging from ...

Asia’s run rates and oil demand will come under pressure in coming months on the back of high oil prices and tight feedstock availability, and the swelling availability of spot Russian cargoes shunned by buyers elsewhere may do little to ease Asia’s pain, speakers at the S&P Global Commodity Insights Asian Refining and Petrochemicals Summit ...

Iran’s LPG exports loading in February are estimated at 382,000 mt, compared with 451,500 mt in January, shipping sources said, keeping 2022 outflows on track for the projected 6 million mt. Shipments loading in December totaled 531,000 mt, while loadings in November were at 539,500 mt and October at 363,500 mt, sources said. Exports in ...

Asian crude importers see the early return of Iranian supply amid the Russia-Ukraine conflict as the only way to cool soaring oil prices that would prevent demand destruction and ensure the fragile regional economic recovery from the pandemic remains intact. The market, however, is unduly worried about one step forward and two steps backward in ...

Brent crude oil prices breached $139 per barrel in early trade on March 7 due to the possibility of a ban on Russian oil exports as well as delays in the U.S.-Iran deal, which has been further complicated by the war in Ukraine.

For every 10% increase in crude prices, WPI in India increases by 0.9% - 1%: S&P Global Platts

For every 10 per cent increase in crude oil prices, the wholesale price index in India increases by 0.9 per cent - 1 per cent and the consumer price index by 0.4 per cent - 0.6 per cent.

The dramatic sprint of crude oil toward $100/b is prompting Asian importers to rethink supply strategy as well as their fiscal roadmap, which could result in an aggressive recourse to strategic reserves, changes to fuel subsidies and taxes, and ...