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COVID-19 - News digest as of 27.10.2021

October 27/2021

1.Lifting of COVID-19 state of emergency to support Japanese gasoline demand in October

MOSCOW (MRC) -- Japan"s decision to lift all of the COVID-19 state of emergency and priority measures at the end of September would support the country"s ailing gasoline demand in October but market sources remained cautious about the speed of recovery, reported S&P Global. Japan decided to lift all of its state of emergency on 19 prefectures and its priority measures on eight prefectures on Sept. 30 following a significant drop in new infections. This has been the first time that Japan was not under any of COVID-19 state of emergency and priority measures since early April. "Japan"s crude runs are expected to rise to 2.7 million b/d between November and January, up from 2.3 million b/d in October, as refiners gear up for winter heating demand, and this will be supportive for crude imports over the next few months," said JY Lim, oil markets adviser at S&P Global Analytics.
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, COVID-19, Japan.
Category:General News
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