As countries across Europe reimpose lockdowns in response to surging COVID-19 cases and deaths, the UK – long one of Europe’s hardest-hit countries — carries on with a policy of Continue Reading
Pakistan’s petrol retailers began a nationwide strike on Thursday as the main industry body flagged low-profit margins, exacerbated by the government’s move to raise taxes and boost revenue under its Continue Reading
Asian oil refiners are starting to see a recent resurgence in profitability go into reverse, eroding a source of demand strength that helped drive crude prices to an seven-year high Continue Reading
New coronavirus infections in South Korea exceeded 4,000 in a day for the first time since the start of the pandemic as a delta-driven spread continues to rattle the country Continue Reading
China’s Foreign Ministry: volume of SPR release will be according to China’s needs Foreign Ministry declined to comment on whether the release was a coordinated effort with the U.S. The Continue Reading
Japanese refiners are dusting off unused supply chains for fuel oil and getting coastal vessels and storage tanks ready after receiving requests from electric utilities to supply more fuel oil Continue Reading
Carbon dioxide emissions in China have fallen for the first time since last year’s lockdown, the latest signal the property sector downturn and energy shortages have hit industrial demand in Continue Reading
Germany’s grim milestone; EU’s vaccine validity travel limit. The European Union will recommend a 9-month time limit for the validity of Covid-19 vaccinations for travel into the bloc and also Continue Reading
WATCH: Woodside CEO O’Neill discusses the company’s partnership with BHP on a LNG project, limiting emissions from the project and the market for LNG. A $12 billion liquefied natural gas Continue Reading
Japan will release a few hundred thousand kilolitres of oil from its national reserve, but the timing of the sale has not been made, the country’s industry minister, Koichi Hagiuda, Continue Reading
