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Road fuels lead global oil demand recovery in 2021; jet fuel still feels the hangover


Road fuels lead global oil demand recovery in 2021; jet fuel still feels the hangover
April 17, 2021
OSLO Rystad Energy’s comprehensive COVID-19 monthly report calculates the effect of the pandemic on our lives and offers updated estimates for global energy markets.
By monitoring recent developments, travel restrictions, quarantine obligations and new government policies, we are able to make frequent fact-based updates to our estimates.
Below are some of our forecasts from the April 2021 edition of the report, published on April 15. Please note that some historical numbers may differ from month to month as governments revise their official figures.
Global oil demand: ....

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RIL-BP seek buyers for 5.5 mn standard cubic meters per day gas from KG-D6


Reliance Industries Ltd and its partner BP Plc of UK have sought bids for sale of 5.5 million standard cubic meters per day of additional natural gas that will be available for sale from their eastern offshore KG-D6 block.
The e-auction is slated for April 23 and the gas supply will start from late April or early May, according to the tender document.
Bidders will have to quote a price linked to Platts JKM (Japan Korea marker), the liquefied natural gas (LNG) benchmark price assessment for spot physical cargoes.
The lowest bid that can be placed is JKM minus USD 0.3 per million British thermal unit. The highest acceptable bid would be JKM plus USD 2.01 per mmBtu. ....

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OMCs keep petrol and diesel prices unchanged for 5th straight day


In the national capital, petrol was sold for Rs 90.56 per litre on Sunday.
Price of the fuel in the other key cities of Mumbai, Chennai and Kolkata were at Rs 96.98, Rs 92.58 and Rs 90.77 per litre, respectively, all unchanged from the previous levels.
Diesel prices in Delhi, Mumbai, Kolkata and Chennai were unchanged at Rs 80.87, Rs 87.96, Rs 85.88 and Rs 83.75 per litre, respectively.
Petrol and diesel fell by 22 paisa and 23 paisa per litre respectively on Tuesday, March 30, in the wake global softening of oil prices. OMCs have decided to pause price revision as crude has again gained and climbed up to close to $64 a barrel from a lower $ 60 a barrel earlier. ....

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