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    • Saudi Aramco to supply full May crude volumes to Asian refiners: Sources

      This comes after the Organization of the Petroleum Exporting Countries and allies including Russia agreed to reduce production and ease a supply glut exacerbated by a collapse in global oil demand following the coronavirus outbreak.

    • New gasoline capacity to crunch Asian refiners' profits

      A surge in gasoline prices in Asia, buoyed by a recovery in Japanese demand to a two-year high, will end soon as refineries in China, India and Taiwan bring on new capacity and boost supplies of the automotive fuel.

    • Japanese refineries shut shop. Are Asian refiners gaining?

      Yingxi Yu, Commodity Analyst at Barclays who tracks the energy markets tells CNBC-TV18 that the shutting down of refineries in Japan is a positive for Asian refiners. She also finds that short-term risk aversion can lead to a further short-term correction in oil prices. "Brent crude seems to be well supported at USD 110 a barrel."

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