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Read more about Asia refiners face double blow to profits from Iran and Covid resurgence on Business Standard. The virus resurgence in India and other nations apart from China is reducing consumption of products such as gasoline.
Saudi cuts April crude for some Asian refiners, maintains India supply: Sources SECTIONS Last Updated: Mar 12, 2021, 03:06 PM IST Share Synopsis The producer, however, has rejected Indian refiners' requests for extra supplies in April, three Indian refining sources said. Getty Images Representative image Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15%, while meeting the normal monthly requirements of Indian refiners, refinery sources told Reuters on Friday. Saudi Arabia's reduction in supplies come as the Organization of...
Saudi Aramco cuts Feb crude supply to some Asian refiners 14th January, 2021 12:00:22 SINGAPORE: Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of the matter said on Wednesday. This comes after Saudi Arabia pledged additional voluntary output cuts of 1 million barrels per day (bpd) in February and March under a deal between the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as O...
The step comes after Saudi Arabia pledged additional voluntary output cuts of 1 million barrels per day (bpd) in February and March under a deal between the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+.