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Vortexa Ltd.’s Felix Booth, head of liquefied natural gas (LNG), doesn’t expect the global market to loosen anytime soon as supplies remain scarce and
Read more about Fuel sales plunge to lowest in year in India as states lock down for Covid on Business Standard. Oil demand across wide swathes of Asia has been hurt by resurgent coronavirus waves in recent months
Gasoline plunging demand forced Indian refiners to ship more fuels out, with exports hitting a 13-month high in May, according to Vortexa Ltd
Oil Falls Near $52 With Virus Surging and Dollar Strengthening Bloomberg 1/18/2021 Elizabeth Low and Alex Longley (Bloomberg) -- Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened. Futures in New York fell 0.5%. Premiums for Russia’s ESPO crude, a favorite of refiners in Asia, have fallen by more than $1 since last month, according to traders who asked not to be identified. A flurry of new Covid cases in China and flare-ups in other major regional consumers like Japan are menacing demand. Gaps in a...