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Top Indian Oil Refiner Betting on Robust Future for Fossil Fuels
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Twenty Years ago today - The Hindu BusinessLine
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Aerospace and Defense Fuel Market Professional Survey and In-Depth Analysis Research Report Foresight to 2028
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Trafigura Boosted Oil Tanker Fleet by 70% as Crude Went Negative
Bloomberg 1/28/2021 Andy Hoffman © Photographer: Dhiraj Singh/Bloomberg An oil refinery of Essar Oil Ltd., stands at Khambalia, Dev Bhumi Dwarka, Gujarat, India, on Wednesday, April 25, 2018.
(Bloomberg) Trafigura Group boosted its shipping fleet by 70% in April last year to profit from the wild price swings in the oil market caused by the pandemic, the company’s CEO said.
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As government-ordered lockdowns destroyed about a quarter of normal oil demand, Trafigura secured as many oil tanker ships as it could to store the excess, Jeremy Weir, Trafigura’s chairman and chief executive officer said at the Future Investment Initiative conference in Saudi Arabia.
Real Oil Prices Firm on Asia Buying Amid China Virus Surge
Bloomberg 1/22/2021 Sharon Cho © Bloomberg A worker walks along a jetty as a ship sits docked at the Vadinar Refinery complex operated by Nayara Energy Ltd., formerly known as Essar Oil Ltd. and now jointly owned by Rosneft Oil Co. and Trafigura Group Pte., near Vadinar, Gujarat, India, on Wednesday, April 25, 2018. The refinery was the crown jewel in a blockbuster $13 billion acquisition that, at the time, represented the largest foreign direct investment in India s history. The deal marked Trafigura s coming of age.
(Bloomberg) Physical oil prices firmed in Asia after a flurry of tenders this week, although concerns remain about possible near-term demand weakness after a flare-up in Covid-19 cases across China.