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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 ...
OPEC and its allies agreeing to a modest output hike may do little to soothe Asian buyers struggling with high oil prices, as concerns loom about the group’s production target being curtailed by capacity constraints, analysts told S&P Global Platts. Asian refiners have continued to call for OPEC+ to raise supply by at least 800,000 ...
Power Up: O&G and uranium feel the Kazakhstan political heat, coal slips under the radar
Indian refiners are accelerating crude purchases as they lift run rates closer to 100% on expectations of a sustained upward trend in products demand, while keeping a close eye on the omicron coronavirus variant. The threat from the new virus variant has not been severe enough to dent the country’s oil demand recovery, trade sources ...
Indian state refiners, bitten by surging crude prices, are working on a plan to jointly negotiate term crude import deals with the aim that pledging to buy larger volumes could potentially help to get relatively lower prices, Hindustan Petroleum Corp. chairman Mukesh Kumar Surana said on the sidelines of the India Energy Forum by CERAWeek. ...