Chef and restaurateur Ravinder Bhogal puts an immense amount of thought and care into how she feeds people.
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.
Oil prices eased on Thursday as new restrictions to stem a surge in Covid-19 infections dimmed the outlook for economic growth and fuel demand.
Global refining throughput will increase in the last quarter of the year by more than 2 million barrels per day (bpd), the International Energy Agency (IEA) said, though the rise will not be sufficient to balance oil products markets.
Oil prices slid on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel consuming regions, while a stronger U.S. dollar also added to pressure.
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.