Crude oil production during March, 2021 was 2612.96 TMT which is 5.63% lower than target and 3.13% lower when compared with March, 2020. Cumulative crude oil production during April-March, 2020-21 was 30491.77 TMT which is 5.65% and 5.22% lower than target for the period and production during corresponding period of last year respectively. Natural Gas ... The post India: Domestic Crude Oil Output Slides 5.22% In FY21 first appeared on Hellenic Shipping News Worldwide.

LSMGO and HSFO380 supply has tightened in ARA this week, while VLSFO remains in good supply in the bunkering hub. Several suppliers seeing delayed resupply of LSMGO in ARA and some have set 27 April as their earliest delivery date for the grade. Loading delays at a local refiner’s jetty have tightened supply, sources said. ... The post ENGINE: Europe & Africa Bunker Fuel Availability Outlook first appeared on Hellenic Shipping News Worldwide.

Ukraine plans to increase diesel imports via its sea ports, ramp up domestic production and buy more diesel from Poland and Lithuania, the energy ministry said, outlining measures to avoid any shortages in supplies from Belarus and Russia in May. Five trading sources told Reuters on Monday that Ukraine could face diesel shortages next month ... The post Ukraine to ramp-up diesel output, boost imports to avoid shortages first appeared on Hellenic Shipping News Worldwide.

Oilfield equipment and services provider Baker Hughes Co BKR.N top boss on Wednesday reiterated he is “cautiously optimistic” about oil demand recovering this year from the coronavirus blow, echoing a view he shared on the company’s last earnings call. The company reported a 40% fall in first-quarter adjusted profit, compared to the fourth, as the ... The post Baker Hughes sticks to oilfield activity recovery prediction after weak quarter first appeared on Hellenic Shipping News Worldwide.

Allowing the continued expansion of the fossil fuel industry "is unconscionable", open letter says.