The pandemic has proved peak oil demand wrong
While the world is not yet back to pre-pandemic travel levels and there is still ongoing disruption to ground transportation and air traffic, the world now consumes more than 95 Continue Reading
Mumbai Gasoline Prices Now 2x More Expensive Than New York City
Citizens of Mumbai now pay twice as much for gasoline as a citizen of New York City, Bloomberg has reported , with prices at the pump up 11 percent since Continue Reading
India’s Oil Demand Outlook Remains A Mystery
Oil demand in India has been clouding the outlook of global crude consumption since a devastating second COVID wave resurged in the world’s third-largest oil importer three months ago. India’s Continue Reading
China Electric Car Makers Outshine Peers on Growing Optimism
Electric-vehicle makers and suppliers rallied on Tuesday after a string of positive news for the industry, with Chinese companies clocking in the biggest gains. U.S.-traded shares of Nio Inc. and Continue Reading
Asian Refinery Margins Crash To Nearly $0
Asian refiners are struggling with a major slump in profit margins because of the resurgence in Covid-19 infections in the region, Bloomberg has reported , citing the latest trends in Continue Reading
China May Have Most at Risk From Prolonged JBS Meat Shutdown
A prolonged shutdown at global meat supplier JBS SA could hit China the hardest as the country is the world’s biggest beef buyer and accounts for almost a third of Continue Reading
China’s economic boom leaves manufacturing hubs short of power
China’s runaway economic recovery has been so successful that it has caused power shortages across dozens of its manufacturing and industrial hubs in the south of the country. Factories across cities Continue Reading
China’s independent refineries struggle for fuel oil amid tight supply, high prices
China’s independent refineries — actively looking for fuel oil to feed their distillation units — are struggling to secure adequate feedstock barrels for the coming months due to tight regional Continue Reading
Americans are partying again. But elsewhere, the pandemic is getting worse. – The Washington Post
In the United States, life is returning to normal. Restaurants and bars are filling up again, vacations are being booked and flights are selling out. At sporting events, maskless fans Continue Reading
Delhi Reopens a Crack Amid Gloomy Economic Forecast for India
The Indian capital, which just weeks ago suffered the devastating force of the coronavirus, with tens of thousands of new infections daily and funeral pyres that burned day and night, Continue Reading