India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners as it implements a new policy to commercialise its federal storage by leasing out space, three sources familiar with the matter said.
After last year's oil price crash, caused by a collapse in demand triggered by the COVID-19 pandemic, prices have rallied strongly.
The two state-refiners, however, will buy oil from the ISPRL at a discount to the official selling price set by the producer countries. So far, the ISPRL has started to sell about 5.5 million barrels of Upper Zakum oil from the UAE, which is stored in its Mangalore cavern, to MRPL.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Earthquake, Magnitude 4.7 - MYANMAR-INDIA BORDER REGION - 2021 August 17, 15:32:24 UTCMagnitude: M 4.7, Region: MYANMAR-INDIA BORDER REGION, Date time: 2021-08-17 15:32:24.0 UTC, Location: 24.60 N ; 94.35 E, Depth: 60 km.
Weiterlesen »
Earthquake, Magnitude 4.7 - MYANMAR-INDIA BORDER REGION - 2021 August 17, 15:32:24 UTCMagnitude: M 4.7, Region: MYANMAR-INDIA BORDER REGION, Date time: 2021-08-17 15:32:24.0 UTC, Location: 24.60 N ; 94.35 E, Depth: 60 km.
Weiterlesen »
U.S. CDC, State Dept warn against Turkey travel, ease India advisoryThe U.S. Centers for Disease Control and Prevention (CDC) and U.S. State Department warned on Monday against travel to Turkey because of a rising number of COVID-19 cases in that nation but eased its advisories for India.
Weiterlesen »
India Beauty Platform Nykaa Aims for IPONykaa, India's largest pure-play e-commerce niche player, has filed for an IPO that could value the platform at up to $4 billion.
Weiterlesen »
Steven Spielberg, Annie Lennox, Mick Jagger, Ajay Devgn & Hrithik Roshan Help Raise $5M During Covid Relief Fundraiser We For IndiaEXCLUSIVE: Last night’s global fundraiser We for India, the virtual event formulated to support India’s Covid response, is being heralded as a major success having raised $5M to help the country’s …
Weiterlesen »
Steven Spielberg, Annie Lennox, Mick Jagger, Ajay Devgn & Hrithik Roshan Help Raise $5M During Covid Relief Fundraiser We For IndiaEXCLUSIVE: Last night’s global fundraiser We for India, the virtual event formulated to support India’s Covid response, is being heralded as a major success having raised $5M to help the country’s …
Weiterlesen »