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Asian oil refiners are reaping their highest profits ever this week, spurred by higher fuel demand during peak holiday seasons as more economies recover from the COVID-19 pandemic while the region ramps up exports to Europe to replace a Russia shortfall. Profit margins for complex refineries in Singapore, the bellwether for Asian refiners, tipped over ...
Profit margins for complex refineries in Singapore, the bellwether for Asian refiners, tipped over US$20 a barrel on Wednesday. . Read more at straitstimes.com.
(Bloomberg) -- Soaring gasoline prices around the world are forcing governments to slash fuel taxes to appease drivers, a move that may instead support demand and exacerbate the tightness across markets.
HONG KONG (Bloomberg): Asia’s uneven oil demand recovery has been headlined by China and India, but the Covid-19 comeback that’s swept through other key fuel-consuming nations is complicating a return to pre-pandemic levels.
6 Min Read SINGAPORE/NEW YORK/LONDON (Reuters) - Global oil and fuel prices are picking up as demand returns to pre-pandemic levels amid easing coronavirus lockdowns in key countries like China and India and signs of increasing road travel in several countries. FILE PHOTO: FILE PHOTO: A gas pump at an Arco gas station in San Diego, California, U.S. July 11, 2018. REUTERS/Mike Blake/File Photo/File Photo/File Photo Gasoline prices in Asia, Europe and the United States all scaled 1-year highs this week, while benchmark global crude oil Brent futures topped $60 per barrel for the first time in ...