LONDON, UK: Shell plc has announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases of Russian crude oil. It will also shut…
All posts tagged Petroleum products
Petroleum products sales rise 11% YoY during 7MFY21
Total petroleum products (POL) sales during 7MFY21 increased by 11% YoY to 11.27mn tons with growth seen across all major fuel segments. In the ongoing gas crisis, it is not surprising that the demand for Furnace Oil (FO) surged by an impressive 37% YoY during the period. This was followed by a 12% YoY increase…