Daily Archives: April 23, 2020

India running out of space to store oil. Petrol pumps almost full

India is quickly running out of space to store a swelling stockpile of fuel as every possible container – including those in the 66,000 pump stations nationwide – threatens to overflow. Refiners in India, the world’s third-biggest oil consumer, have filled 95% of about 85 million barrels of fuel storage capacity, according to officials at…

Indian Refiners export diesel to China as Beijing recovers from Covid-19

Indian refiners have started exporting commodities like diesel, a large share of which is going to China, where economy is on a recovery path. This comes as fuel sales have dropped by more than half and product storage facilities are getting exhausted. According to reports, the demand for diesel for the first half of April…