Indian crude runs set to increase amid healthy margins

India saw its average refining run rates slowing marginally in March amid volatility in crude oil prices triggered by the Russia-Ukraine conflict, but analysts expect robust margins and a sustained revival in demand for oil products to lift overall year-on-year growth in throughput close to double digits. In addition to a sharp recovery in oil

China’s bunker exports take a dip

China’s exports of marine fuel in March plunged 15% from a year ago, customs data showed. The exports were hit by high prices and Covid-19 curbs at domestic ports. March shipments were 1.42 million tonnes, data from the General Administration of Customs showed. Most of this was very low-sulphur fuel oil (VLSFO), with a maximum

China’s exports of VLSFO increased 21%

China’s clean marine fuel exports rose 21% in the first two months of 2022 from a year ago, following an increase in Beijing’s export quotas, customs data showed. Exports of low-sulphur fuel oil reached 3.64 million tonnes in January and February, up from 3.02 million tonnes in the corresponding period last year, data from the

Australian LNG exports to Europe likely to increase

Australian exporters could secure new LNG export contracts for existing and new projects to Europe over the next few years as the region seeks to avoid a long-term gas crunch. LNG prices have soared in recent weeks, hitting a six-month high recently, as importers scramble to source new supplies to reduce their dependence on Russia.

Adani coal poised for export as insurance giants pledge cleaner future

According to the Adani Group, at the end of December, the first coal shipment from the central Queensland Carmichael Mine was ready to leave its Australian export terminal despite years of environmental campaigning and the refusal by major insurers to offer coverage for the project. However, three weeks later, the coal’s exact status is not

Despite tight supply, US refiners export most gas in three years

While President Biden is fretting about high gasoline prices, even going as far as asking OPEC+ to raise oil output, US refiners are exporting the most gasoline in three years. Shipments of the fuel in the first eight months of the year rose to 802,000 barrels a day, the highest for the period since 2018,