Mexican oil platforms start reducing staff

Mexican oil platforms start reducing staff

Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on board, state oil firm Petroleos Mexicanos (Pemex) said on Sunday. Pemex said in a statement that workers had started coming off the...
‘Cheaper than water’ crude oil wasted on India

‘Cheaper than water’ crude oil wasted on India

This is the right time to shop crude. The question at this point of time is whether India can stock the cheap crude for its future use. The country has limited Strategic Petroleum Reserve (SPR) capacities compared to the US, China, Japan and South Korea and it...