Page 4 - Platts Analytics News Today

Thailand’s PTT Exploration and Production, or PTTEP, will provide almost all of its equity crude production from its Oman upstream projects to domestic refineries rather than trading the barrels in the international market, strengthening the Southeast Asian nation’s energy security amid tight global supply, feedstock managers at state-run PTT’s refining business units said May 26. ...

From cutting taxes on retail oil products to scouting around for attractive term crude deals, India is stepping up efforts to ensure that surging world prices do not stand in the way of the fragile economic recovery as well as a revival in domestic oil product consumption. Government officials in India said they believe that ...

Clean tankers are hurrying across the Atlantic with gasoline from Europe for the US where stocks are at multi-year lows at the start of driving season. A tight European gasoline market is giving way to a US market feeling the strains of a depleted refining system and inventories at eight-year lows, prompting freight rates to ...

India’s sustained uptrend in oil consumption came to a halt and slipped into the red in April from March levels as rising domestic retail fuel prices on the back of surging crude took a toll on gasoline, diesel and LPG demand, but analysts said the trend could get reversed in May. They noted that despite ...

Indias sustained uptrend in oil consumption came to a halt and slipped into the red in April from March levels as rising domestic retail fuel prices on the back of surging crude took a toll on gasoline, diesel and LPG demand, said S&P ...

To support India push to double the country ethanol distillation capacity and blend 20 per cent of ethanol in petrol by 2025, Shree Renuka Sugars Ltd (SRSL)

Japan will ban “in principle” Russian oil imports following the latest commitment by leaders of the G7, Prime Minister Fumio Kishida said May 9. Based on the latest G7 leaders’ joint statement, we have decided to impose a ban in principle on Russian oil imports,” Kishida told reporters. Kishida’s remarks came after G7 leaders agreed ...

The state-owned oil giant PetroChina is not interested in taking discounted Russian oil and gas cargoes, but sticks to the producers’ term supplies, CFO Chai Shouping said during the company’s first quarter result conference call. Meanwhile, PetroChina’s settlements against the Russian goods were impacted to a certain extent from usual which were settled in US ...

Asia’s appetite for US crude posted positive growth in the first quarter despite lucrative Russian offers, but North American supplies could face more competition in the second quarter as refiners will continue picking up barrels from the non-OPEC supplier until they remain outside sanctions and are available at substantial discounts But analysts added even if ...

Asias appetite for US crude oil posted a positive growth in the first quarter of 2022 despite lucrative Russian offers, according to S&P Global Commodity Insights.That said, North American supplies could face more competition in the second ...