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Despite some turbulence, global oil demand is on the route to recovery

Despite some turbulence, global oil demand is on the route to recovery
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New yorkUnited statesFrance generalCity ofUnited kingdomSan franciscoDepartment of energyDistrict of columbiaSouth koreaBrian eggerJames herronNorbert rueckerJulius baerSaket sundriaHorace hobbsLas vegas

Asia middle distillates: Key market indicators this week | Hellenic Shipping News Worldwide

Asia middle distillates: Key market indicators this week The Asian middle distillates market is poised to enter the week of March 8 on weaker footing but participants cautioned that volatility in the upstream crude oil complex, in the wake of attacks on Saudi Arabia’s oil facilities, could potentially tilt sentiment. Extended bearishness on the downstream aviation sector as passenger traffic remained heavily affected by the coronavirus pandemic weighed on jet fuel sentiment. Likewise, gasoil saw its recent downtrend extended, this time on supply woes as higher exports from key producers led to a supply overhang in the region. JET FUEL/KEROSENE

Saudi arabiaExchange of futuresPetroleum association of japanPlatts singaporePetroleum associationNortheast asiaEnterprise singaporeMarch exchangePersian gulfசவுதி அரேபியாபரிமாற்றம் ஆஃப் எதிர்காலங்கள்பெட்ரோலியம் சங்கம் ஆஃப் ஜப்பான்பெட்ரோலியம் சங்கம்வடகிழக்கு ஆசியாநிறுவன சிங்கப்பூர்அணிவகுப்பு பரிமாற்றம்

REFINERY NEWS ROUNDUP: China s Zhejiang to raise capacity by 2025; Japan s runs down on earthquake

REFINERY NEWS ROUNDUP: China’s Zhejiang to raise capacity by 2025; Japan’s runs down on earthquake China’s Zhejiang province in the eastern coast aims to have 90 million mt/year refining capacity by 2025 from 51 million mt/year in 2019, suggesting that Zhejiang Petroleum & Chemical’s phase 3 project is unlikely to launch within the 14th Five Year Plan 2021-25, market sources and analysts told S&P Global Platts. The province’s energy regulator Zhejiang Development and Reform Commission published a draft plan for public comment, which include plans to expand refining capacity, speed up construction of oil pipelines and additional storage capacity for energy security, as well as significantly boost fuel bunkering volume at its pilot free trade zone.

Yu huangTokyo bayJapan generalSaudi arabiaXu yangIdemitsu kosanShenghong lianyungangAxens paramaxSoichiro tanakaSinopec zhenhaiTsutomu sugimoriPanjin sincenZhejiang petroleum chemicalChina north industries group norincoInternational maritime organizationReform commission

ENGINE: East of Suez Bunker Fuel Availability Outlook | Hellenic Shipping News Worldwide

Bunker availability continues to be tight in East of Suez ports, as pre-Lunar New Year bookings have put pressure on delivery schedules across most ports, stretching lead times for bunker fuels. Singapore’s very low sulphur fuel oil (VLSFO) bunker market has tightened this week, with lead times for stems going up by two days from .

Petroleum association of japanLunar new yearEnterprise singaporeSouth koreanLast fridayPetroleum associationபெட்ரோலியம் சங்கம் ஆஃப் ஜப்பான்சந்திர புதியது ஆண்டுநிறுவன சிங்கப்பூர்தெற்கு கொரியன்கடந்த வெள்ளிபெட்ரோலியம் சங்கம்

Japan s 2021 crude imports seen falling 5-10% on year amid COVID-19: PAJ chief | Hellenic Shipping News Worldwide

Japan’s 2021 crude imports seen falling 5-10% on year amid COVID-19: PAJ chief Japan’s crude oil imports will likely drop 5-10% on the year in 2021, without a recovery from the coronavirus pandemic, Petroleum Association of Japan President Tsutomu Sugimori said Jan. 21, extending the decline after falling to the lowest level in decades last year. “When considering our crude imports henceforth, it would not increase, judging from domestic [oil] demand of about 90-95% [of a year ago level],” Sugimori told an online press conference. “Instead it would drop by about 5-10%.” “Should the current situation [over the coronavirus pandemic] continue, it is unlikely we would take more crude oil from a year ago,” he added.

Japan generalTsutomu sugimoriMinistry of economyFederation of electric power companies japanPetroleum association of japanPetroleum associationJapan president tsutomu sugimoriElectric power companiesHokuriku electricKansai electricஜப்பான் ஜநரல்அமைச்சகம் ஆஃப் பொருளாதாரம்கூட்டமைப்பு ஆஃப் மின்சார பவர் நிறுவனங்கள் ஜப்பான்பெட்ரோலியம் சங்கம் ஆஃப் ஜப்பான்பெட்ரோலியம் சங்கம்மின்சார பவர் நிறுவனங்கள்