Asia Oil Margin Hit As China Refineries Goes for Record Oil Export

Reuters Graphic

According to a Reuters report written by Clyde Russell, the rebound in China’s crude oil processing in April looms large over Asia’s refineries, which are already battling weak profit margins from the slump in fuel demand caused by lockdowns aimed at containing the coronavirus pandemic.

A Recovery In Fuel Demand
  • China’s refineries processed the equivalent of 13.1 million barrels per day (bpd) in April, up from a 15-month low of 11.78 million bpd in March, according to calculations based on...

https://mfame.guru/asia-oil-margin-hit-as-china-refineries-goes-for-record-oil-export/

Eastern Pacific orders dual-fuel LPG trio at Hyundai Mipo for Equinor charters

Idan Ofer’s Eastern Pacific Shipping (EPS) has placed orders for three medium-size dual-fuel LPG carriers at Hyundai Mipo Dockyard. The vessels, set for delivery in 2022, have been committed on long-term time charters to Norway’s Equinor. “The deal is in line with EPS’ Environmental, Social &...

https://splash247.com/eastern-pacific-orders-dual-fuel-lpg-trio-at-hyundai-mipo-for-equinor-charters/