AsianOil Week 21
P. 1
Issue 721 28•May•2020 Week 21
Refinery runs retreat
India’s refinery runs fell 28.8% year on year to 3.6mn bpd in April as the country’s prolonged lockdown drove down oil product demand.
Balancing the books
Petronas intends to cut spending across the board after low energy prices more than halved the company’s bottom line in the first quarter.
Silver lining
While the number of cancelled US LNG cargoes is reportedly rising, shipments to China have expanded.
Smaller upfront costs
Santos has completed its acquisition of US super-major ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced upfront price.
