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Energy

Oil rises to fresh multi-year highs on demand recovery
Energy

Oil rises to fresh multi-year highs on demand recovery

  • Brent crude futures edged up 13 cents to $72.65 a barrel.
  • "In 2022 there is scope for the 24-member OPEC+ group, led by Saudi Arabia and Russia, to ramp up crude supply by 1.4 million barrels per day (bpd) above its July 2021-March 2022 target," the IEA said.
Published 11 Jun, 2021 06:40pm
Oil hits two-year highs
Energy

Oil hits two-year highs

NEW YORK: Oil prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for...
Published 11 Jun, 2021 03:41am
Asia’s VLSFO market slumps
Energy

Asia’s VLSFO market slumps

SINGAPORE: Asia’s 0.5percent very low-sulphur fuel oil (VLSFO) market complex slumped on Thursday as inventories ...
Published 11 Jun, 2021 03:41am
India's natural gas consumption starts to rebound in June
Energy

India's natural gas consumption starts to rebound in June

  • "In the Indian market there was some slowdown, but the situation is not as bad as last year," Manoj Jain.
  • Due to falling local gas consumption in April and May, GAIL diverted two cargoes to international markets while Petronet deferred one cargo for delivery in June.
Published 09 Jun, 2021 06:52pm