JODI in the Media

Bloomberg: Refined Oil Outsourcing Is Going to a Whole New Level

We’ve all gotten used to the idea that much of our clothing and electronic gadgets are made in far corners of the world, where labor is cheaper and regulation may be less onerous. What’s less well-known is how dependent North America and Western Europe have become on foreign suppliers of the refined oil products on which we rely on for much of our power, heat and fuel for our cars, trucks and airplanes. ...
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Emirates News Agency: Oil product inventories at UAE's Port of Fujairah climb to five-week high

Oil product inventories at the UAE's Port of Fujairah climbed to a five-week high led by a record increase in fuel oils for power generation and marine bunkers. Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7 percent from a week earlier and the highest since 1st March, according to Fujairah Oil Industry Zone data released Wednesday exclusively to S&P Global Platts. ...
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Argus: Saudi Arabia to lift all travel curbs from 31 March

Saudi Arabia will remove all restrictions on movement in and out of the country from 31 March in a move that should boost regional demand for transport fuels — none more so than for jet fuel, which has been most impacted by the Covid-19 virus and the restrictions that have been imposed globally to curb its spread. ...
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