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OPEC cuts, virus has India eying prompt imports of light oil

Spot crude imports into the world’s third-largest oil market will rise by 10% to 15% this year from 2020, according to industry consultant FGE.OPEC+ members are unlikely to change its production policy at their next meeting on March 4, and will probably agree to keep output steady in April

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Why India is buying more crude oil from Africa & North America and not Middle East

India's shift to exporters like US and Nigeria comes amid an increased demand for gasoline, as the pandemic pushes people to private cars instead of public transport.

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The challenges of getting long-covid patients back to work

The challenges of getting long-covid patients back to work
Makers of enterprise software apps raised higher funding in 2020 despite covid-19 as they lend themselves well to remote working.Premium
6 min read
Krithika Varagur
, The Wall Street Journal
Some people have gone months without fully recovering from the virus—here’s how they’ve tried to manage their illness while doing their jobs
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When Deborah Shaffer tried to return to work two weeks after her Covid-19 infection, she forgot which floor of the veteran’s hospital she worked on. It was one of the many strange expressions of the brain fog that has plagued the social worker in Wichita, Kan., ever since she contracted the virus last November.

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OPEC+ cuts and covid has India eying spot crude to feed lighter diet

OPEC+ cuts and covid has India eying spot crude to feed lighter diet
The Organization of Petroleum Export Countries and partners like Russia began a record output cut of 9.7 million barrels a day last year after the coronavirus pandemic battered demand.Premium
2 min read
. Updated: 15 Feb 2021, 07:31 AM IST Bloomberg
Spot crude imports into the world’s third-largest oil market will rise by 10% to 15% this year from 2020, according to industry estimates
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India’s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic.

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India shifts oil imports from Middle East to Africa, North America due to OPEC cuts

India shifts oil imports from Middle East to Africa, North America due to OPEC cuts
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India shifts oil imports from Middle East to Africa, North America due to OPEC cutsBy Debjit Chakraborty, Saket Sundria, Bloomberg
Last Updated: Feb 15, 2021, 04:31 PM IST
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Middle East oil tends to yield more diesel, while crude from the North Sea, West Africa and US shale fields usually produce more LPG and gasoline. Crude imports from Nigeria in December jumped 68%, while U.S. oil purchases surged almost 77%.
Reuters
Spot crude imports into the world’s third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant FGE.

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