Japanese utilities hunt for oil to meet robust winter power demand amid faltering LNG stocks

Capt. John

Faltering LNG stocks will likely prompt Japanese power utilities to actively chase for oil in a desperate attempt to keep up with robust domestic winter electricity demand, though local refiners struggling to produce enough burning fuels could lead to a surge in the country’s prompt heavy crude and fuel oil cargo imports. The chilling cold …

The post Japanese utilities hunt for oil to meet robust winter power demand amid faltering LNG stocks first appeared on Hellenic Shipping News Worldwide.

https://www.hellenicshippingnews.com/japanese-utilities-hunt-for-oil-to-meet-robust-winter-power-demand-amid-faltering-lng-stocks/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon