Page 10 - Crude Oil Supply
Petrol, diesel consumption likely to burn out on coronavirus heat
Petrol, diesel consumption to drop, rise in stockpile likely
 "Petrol, diesel consumption likely to burn out on coronavirus heat")
As coronavirus destroys fuel demand, global refiners consider cuts
Gasoline demand in the United States, the world's largest oil consumer, is plunging. International flights are being grounded worldwide, slamming jet fuel demand
 "As coronavirus destroys fuel demand, global refiners consider cuts")
Aramco to boost crude supply to 12.3 mn bpd, escalate price war with Russia
The world's biggest crude exporter has been pumping some 9.8 million bpd which means it will be adding at least 2.5 million bpd from April
 "Aramco to boost crude supply to 12.3 mn bpd, escalate price war with Russia")
Many (new) avatars of energy (in)security
On all four dimensions, there are either new complications for old concerns or emerging anxieties in an energy transition.
 "Many (new) avatars of energy (in)security")
Global oil market well supplied; see no reason for spike in prices: IEA
Oil prices in 2019 remained around $60 per barrel despite attack on Saudi Aramco's oil facilities, Iran oil going out of market and collapse of major oil producer Venezuela
 "Global oil market well supplied; see no reason for spike in prices: IEA")
The brave new world of ample oil
The shift from scarcity to abundance has been brought about in an astonishingly short time by America's "fracking" revolution, leading to massive benefits for consuming countries
Saudis defer LPG flow: India scrambles to meet peak festive season demand
India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers
 "Saudis defer LPG flow: India scrambles to meet peak festive season demand")
Saudi oil attacks: Logistics cost a concern as India looks to Russia, US
On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country
 "Saudi oil attacks: Logistics cost a concern as India looks to Russia, US")
Letter to BS: Oil supply, price after Aramco attack a cause for concern
Impact might be felt across the economy starting with agriculture, small, medium and village industry, and retail trade adversely impacting the gross domestic product
 "Letter to BS: Oil supply, price after Aramco attack a cause for concern")
Which country can boost crude supply to offset the attack on Saudi Arabia?
The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery
 "Which country can boost crude supply to offset the attack on Saudi Arabia?")
New Saudi oil minister endorses production curbs to address oversupply
the minister signalled no major change in approach in Saudi Arabia
 "New Saudi oil minister endorses production curbs to address oversupply")
Seized tanker after collision, says Iran, UK fears dangerous path
Iran's elite Revolutionary Guards took control of the Stena Impero in the Strait of Hormuz on Friday after it collided with an Iranian fishing boat whose distress call it ignored
Iraq dethrones Saudi Arabia to become India's top crude oil supplier
Venezuela is India's fourth largest supplier with 15.5 MT during April-January, followed by Nigeria with 14.9 MT
 "Iraq dethrones Saudi Arabia to become India's top crude oil supplier")