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Written by rjs, MarketWatch 666Here are some selected news articles from the week ended 22 May 2021. Part 2 is available here.

India to look to OPEC once oil demand recovers after Covid second wave The relationship between India and OPEC is more important now than ever. Any lingering ill-feelings between India and Saudi Arabia from their spat over the price of crude earlier this year should be quickly cast aside, to focus on each other’s growing importance as consumer and supplier. If OPEC needed a sobering reminder of India’s importance as a customer, it received it in the worst possible way: the resurgence of the coronavirus pandemic in the world’s third biggest oil importer. India’s oil demand growth is se...

Asian sugar traders in limbo as Vietnam’s antidumping policy looms Asian sugar traders are facing growing uncertainty ahead of Vietnam’s antidumping policy announcement in June, with market sources noting a rise in domestic prices amid depleting sugar inventory. Vietnam’s Ministry of Industry and Trade had conducted a public consultation on May 12 over antidumping investigations on Thai sugar imports, with the current duty structure on Thai raw and refined sugar imports at 33.88% and 48.88%, respectively. The development came following a surge in Thai sugar imports, which impacted the c...

The global oil market remains set to tighten in the coming months as a demand driven rebound from the pandemic dwarfs the ongoing crisis in India and outstrips the potential for a quick return of Iran

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The recent conflict began on May 10, with rockets fired at Israeli cities from the Gaza Strip and the Israeli military carrying out air strikes in Gaza. Hamas also reportedly said it had targeted offshore gas installations. Chevron on May 12 said it had closed the Tamar platform on the order of the energy ministry, but has now been instructed to resume operations. "We remain focused on the safe and reliable supply of gas in compliance with the laws and regulations of Israel," the...