India’s 2021 oil product exports rise on robust cracks

India’s oil product exports edged up on the year in 2021, even as domestic demand rose, with product cracks widening on the back of an economic recovery in the Asia-Pacific region.Preliminary data from Vortexa show product shipments of 1.4mn b/d last year, compared with 1.3mn b/d in 2020. Exports were 1.6mn b/d in December, up

Festival demand spurs India’s gasoil consumption to above pre-Covid levels

India’s gasoil consumption in October rose above pre-Covid levels for the first time in a year, as increased industrial activity ahead of the festival season spurred demand for the fuel. The country’s factory activity expanded in October at its quickest pace in eight months on strong demand and increased output, according to the Manufacturing Purchasing

Beijing allocates extra 1 mn mt bunker fuel export quota to Sinopec, PetroChina, CNOOC

China’s Ministry of Commerce this week allocated an additional 1 million mt of quotas to Sinopec, PetroChina and CNOOC to export their domestically produced bunker fuel oil for bonded bunkering at China’s ports in 2021, sources with knowledge of the matter said. Meanwhile, the ministry has also approved Sinochem to transfer 230,000 mt of its