Asian spot prices for liquefied natural gas (LNG) plummeted to multi-year lows this week, pressured by a lack of demand to consume abundant supplies. As milder-than-usual winter in both Asia and Europe is curbing demand, there were deals done below $4.00 per million British thermal units (mmBtu) this week, the lowest level in more than 10 years. The average LNG…
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Northwest European gasoline barge refining margins rose on Friday as oil prices fell. Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped by almost 7% in the week to Thursday, data released by Insights Global showed. Arrivals of European gasoline and gasoline components to the United States have remained low at about 395,900 tonnes…
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The government is likely to increase power tariff of Distribution Companies (Discos) by Rs 0.35 per unit for second quarter of fiscal year 2019-20 to collect about Rs 30-35 billion from consumers’ as capacity payment of IPPs as per agreement with the International Monetary Fund (IMF). This will be in addition to Rs 1 per unit increase in Fuel Price…
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