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COVID-19 - News digest as of 25.09.2021

September 27/2021

1. August crude oil processing of Indian refiners down to its lowest in 10 months

MOSCOW (MRC) -- Indian refiners' crude oil throughput in August dipped to its lowest in 10 months due to ongoing maintenance activities at multiple refineries, reported Reuters with reference to government data. Refiners processed 4.36 million barrels per day (18.44 million tons) of crude oil last month, the lowest since October 2020 and about 4.8% lower than 4.58 million bpd processed in July. Maintenance activities at some facilities limited production in August, Refinitiv analyst Ehsan Ul Haq said, adding that demand was likely to resume as the festival season approaches, provided cases of COVID-19 remain low.

2. Demand for rPET increases in Asia with lockdowns lifting

MOSCOW (MRC) -- With the lifting of lockdowns in various Southeast Asian countries, there are signs of demand improvement in consumer markets of recycled polyethylene terephthalate (rPet), reported S&P Global. Demand for rPET is increasing especially for packaging and flexible film, which could potentially provide some supply for more recycled plastics, though the overall market fundamentals will remain tight in Southeast Asia.

3. ADNOC to supply full-term oil quantities to most Asian refiners for December

MOSCOW (MRC) -- The Abu Dhabi National Oil Company (ADNOC) has allocated full-term volumes to most Asian refiners for December loading, contrary to previous months where term allocations were issued with some cuts in volumes, according to market participants surveyed by S&P Global Sept. 27. Several refiners in China, Taiwan, India and Japan confirmed receiving their term crude supplies from the producer without any reductions, sources told S&P Global.
Author:Margaret Volkova
Tags:Asia, crude and gaz condensate, PET-granulate, petrochemistry, packaging, PET bottles, ADNOC, COVID-19, India, United Arab Emirates (UAE).
Category:General News
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