Indian oil demand is still a while away from reaching pre-pandemic levels, Minister of Petroleum & Natural Gas and Minister of Steel Dharmendra Pradhan said Oct. 13, admitting that some energy projects are also facing delays.
Asia-Pacific and Middle East LPG prices have rallied this week on recovering demand from China and India, North Asian buyers stocking up until February due to a severe winter weather forecast and domestic demand emerging in Saudi Arabia, traders said Oct. 16.
There are fewer mostly natural gas utilities or local distribution companies (LDC) to choose from than mostly electric utilities.
Chef and restaurateur Ravinder Bhogal puts an immense amount of thought and care into how she feeds people.
Maintenance works are starting at a number of refineries in Europe as demand for products and margins remain under pressure.
Meantime, world oil indexes decreased on Oct.15 as new restrictions to stem a surge in COVID-19 infections increased uncertainty over the outlook for economic growth and a recovery in fuel demand.
Russian refineries of all sizes are expected to reduce throughput in October due to poor refinery economics.
Most Middle Eastern oil sold to Asia is priced based on the Platts Dubai benchmark, either by itself or alongside Platts Oman or DME Oman, and the new contract will create an alternative Middle East price benchmark.
A United Nations team will have to wait several weeks to access a deteriorating tanker off Yemen’s shore that is threatening to spill 1.1 million barrels of crude oil in the Red Sea, two U.N. sources told Reuters.
U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while distillate inventories posted their biggest drop since 2003 as refiners shut as well, the Energy Information Administration said on Thursday.