By Stephanie Kelly, Koustav Samanta and Bozorgmehr Sharafedin
India's crude oil imports fell in June to their lowest level since February 2015, while year-on-year refined product exports declined for the first time in almost a year, government data showed on Friday.
SINGAPORE Asian refiners' profits from gasoil have more than trebled from a record low seen in early May as demand recovers after sweeping lockdowns imposed to curb the COVID-19 pandemic, although refiners ramping up production after maintenance could cap gains, analysts said.
SINGAPORE, June 9 As Sharif Uddin contemplates
leaving the cramped Singapore dormitory where he has spent weeks
under coronavirus quarantine, fears about his future creep in.
SINGAPORE As Sharif Uddin contemplates leaving the cramped Singapore dormitory where he has spent weeks under coronavirus quarantine, fears about his future creep in.
LONDON/NEW YORK/SINGAPORE Brimming diesel inventories and stronger oil prices are driving down refining profits, stifling incentives to hike production even as fuel demand recovers from the coronavirus hammering.
NEW DELHI/SINGAPORE India's gasoline and gasoil sales jumped sharply in May compared with April, in a recovery from historic lows after a partial easing of the lockdown imposed to curb the coronavirus pandemic, provisional sales data showed on Monday.
MELBOURNE/SINGAPORE Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.
SINGAPORE/LONDON Asian refining margins for jet fuel turned positive for the first time in a month and European margins rose to the highest level in three weeks on Wednesday, bolstered by deep supply cuts and an uptick in flights in regional markets.
SINGAPORE, May 20 Asian refining margins for jet fuel turned positive for the
first time in a month, bolstered by deep supply cuts and an uptick in domestic flights in
regional markets such as China and Vietnam after governments eased in-country travel