US crude stocks show counter-seasonal draw amid strong refinery demand

US crude supply contracted counter-seasonally last week amid stronger-than-normal refinery demand, US Energy Information Administration data showed. US commercial crude stocks fell 400,000 barrels to 428.11 million barrels during the week-ended January 17, EIA data showed. The draw ran counter to...

https://www.hellenicshippingnews.com/us-crude-stocks-show-counter-seasonal-draw-amid-strong-refinery-demand/

Brazil to discuss cooperation with OPEC later this year- energy minister

Brazil will discuss with Saudi Arabia later this year the possibility of cooperation with OPEC, as it aims to become one of the world’s top five exporters during the next decade, its energy minister said. Speaking in New Delhi a day earlier, Energy Minister Bento Albuquerque said Brazil’s exports...

https://www.hellenicshippingnews.com/brazil-to-discuss-cooperation-with-opec-later-this-year-energy-minister/

China accounted for 41% of Asia’s crude oil refining capacity under maintenance in 2019, says GlobalData

China had the highest crude oil refining capacity under maintenance (both planned and unplanned) in Asia in 2019, accounting for about 41% of the region’s share, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Crude Oil Refinery Maintenance Review, 2019 – Asia...

https://www.hellenicshippingnews.com/china-accounted-for-41-of-asias-crude-oil-refining-capacity-under-maintenance-in-2019-says-globaldata/