Month: March 2022

Asia’s cash premiums for 380-cst high-sulphur fuel oil (HSFO) surged to their highest level in nearly six months on Wednesday, lifted by steady cargo demand in the Singapore trade window, while residual fuel inventories in Fujairah dropped to a three-week low. The cash differentials for 380-cst HSFO were at a premium of $9.21 per tonne to Singapore quotes, a level not seen since late-September last year. They were at a premium of $7.18 per tonne a day earlier. “We expect some bullish impact on HSFO markets in the near to…

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The Oil Company Advisory Council (OCAC) has asked the Oil and Gas Regulatory Authority (Ogra) to pay attention to problems being faced by major shareholders of the oil industry. The industry says the Ogra should hold regular meetings with leading oil marketing companies (OMCs), on price differential claim (PDC), the IFEM, and other matters. “No meeting of the regulator was taken place with the major shareholders of the oil industry, on PDC, IFEM and other matters, and instead non-entity is being projected as a major player in the industry,” the…

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Without providing any alternative source of livelihood to the desert dwellers, the coal power companies have been encroaching on their farmlands and pastures, erecting fences around them, and banning the entry of local communities and their livestock. As if pains and sorrows of dispossession and destitution were not enough, the increasing depletion and poisoning of groundwater — an environmental externality of coal power development — has started to impact villages adversely. Groundwater is the most precious resource in this arid and water scarce region of the country. A majority of…

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