Bunker demand in Indian, Sri Lankan ports mixed in June

Bunker demand for very low sulfur fuel oil at Indian ports remained mixed in June with the arrival of Southwest monsoon. West-coast India, which makes up for most of the bunker demand in the country saw a good flow of inquiries throughout June supported by increased availability of product, traders said. In June, the number

Sri Lanka, Bangladesh show interest to import ethanol from India

Union Minister of road transport and highways in India Nitin Gadkari said that Sri Lanka and Bangladesh have shown their keenness to import ethanol from India. The minister said that he discussed about ethanol with the Governments of both the countries — Sri Lanka and Bangladesh. The minister also said that in 15 days he

Russia crude exports to India and other Asian nations increasing

A report by the Research on Energy and Clean Air, an independent think tank based in Helsinki, Finland released said Russia earned 93 billion euros ($97.4 billion) in revenue from fossil fuel exports in the first 100 days of the country’s invasion of Ukraine, despite a fall in export volumes in May. India and other

Sri Lanka to implement renewable energy generation plan

It has been announced in Sri Lanka that a ‘Renewable Energy Generation Plan’ will be implemented starting from June 1, 2022. The policy is aimed at enhancing the renewable energy generation and its share in the energy mix of the country. The information has been shared by the Minister of Power and Energy, Kanchana Wijesekera.

Sri Lankan bunker suppliers rescind HSFO offers amid energy crunch

Suppliers at the port of Colombo have retracted offers for delivered 380 CST high sulfur fuel oil due to shortages of the bunker grade as local refineries direct the available product for power generation in a bid to stem Sri Lanka’s acute energy crisis, industry sources told S&P Global Platts. The country also is grappling