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COVID-19 - News digest as of 23.07.2021

July 23/2021

1. Chandra Asri to supply distributes liquid oxygen to several hospitals in DKI Jakarta and Banten

MOSCOW (MRC) -- PT Chandra Asri Tbk (TPIA), a petrochemical company, distributes 210 tons of liquid oxygen to several hospitals in DKI Jakarta and Banten, said the company. This supply would answer the demand for liquid oxygen regarding the COVID-19 pandemic response. Erwin Ciputra, President Director of Chandra Asri, claims that the liquid oxygen provision is a way of the company helping the COVID-19 patients in hospitals. УThis relief would be channelled to Mayapada Hospitals in Jakarta and Banten, which are a part of Indonesia Regional Hospitals Association,Ф Ciputra explains in a press conference. According to Ciputra, the overflowing liquid oxygen demand rises following the surge in COVID-19 cases. As a result, the government is boosting liquid oxygen production up to 922.9 tons per day from its current maximum production capacity of 1,700 tons per day.

2. Crude oil drops in Asia on profit-taking activity

MOSCOW (MRC) -- Crude oil ticked lower during the mid-morning trade in Asia July 23 on profit-taking activity, following a recent rally that saw futures prices claw back losses from a selloff at the start of the week, reported S&P Global. At 10:45 am Singapore time (0245 GMT), the ICE September Brent futures contract was down 23 cents/b (0.31%) from the previous close at USD73.56/b, while the NYMEX September light sweet crude contract was down 23 cents/b (0.32%) at USD71.68/b. The downtick in prices during the morning trade comes as the market cools off after a rally that saw the front-month ICE Brent and NYMEX light sweet crude markers rising roughly 8% over July 20-22, paring back losses from a selloff that saw both markers plummet at the beginning of the week on July 19.
Author:Margaret Volkova
Tags:Asia, crude and gaz condensate, medicine, Chandra Asri, PTT Chemical, COVID-19, Indonesia, USA.
Category:General News
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