Global Ports Forum

China’s oil imports are falling as storage fills up www.rt.com/business/503717-china-oil-imports-falling/

Global oil refining faces shake-up from Asian plastics boomwww.livemint.com/industry/energy/global-oil-refining-faces-shake-up-from-asian-plastics-boom-11598411803929.html

In China, the biggest of these is Rongsheng Petrochemical Co.’s plant on Zhoushan island, near Ningbo. The 800,000 barrel-a-day operation opened in 2019 and will reach full capacity before year-end. An Indian Oil Corp.-led group is planning a gigantic 1.2 million barrels a day oil-to-chemicals complex on the country’s west coast. Saudi Aramco, as part of its strategy to invest downstream in Asia, has or plans to take a stake in both projects.

Exclusive: Exxon downsizes global empire as Wall Street worries about dividend – Reuters www.reuters.com/article/us-exxon-mobil-spending-exclusive/exclusive-exxon-downsizes-global-empire-as-wall-street-worries-about-dividend-idUSKBN25Z0H7

Exclusive: Malaysian energy giant’s board at odds with PM over payment to Sarawak state – Reuters www.reuters.com/article/us-malaysia-petronas-exclusive/exclusive-malaysian-energy-giants-board-at-odds-with-pm-over-payment-to-sarawak-state-idUSKBN23X0WW

US Crude Oil Collapses to Negative -$37 Per Barrel

www.dailyfx.com/forex/fundamental/article/special_report/2020/04/20/US-Crude-Oil-Collapses-to-Negative–37-Per-Barrel—Why-and-What-Does-it-Mean.html

Police investigating debt-laden oil trader Hin Leong Trading: What we know so far www.channelnewsasia.com/news/business/police-investigating-oil-trader-hin-leong-trading-12662052

An oil futures contract expiring Tuesday went negative in bizarre move showing a demand collapse – www.cnbc.com/2020/04/20/oil-markets-us-crude-futures-in-focus-as-coronavirus-dents-demand.html

Hin Leong Failed to Declare $800 Million Losses.

Update news . . .www.bloomberg.com/news/articles/2020-04-19/hin-leong-is-said-to-have-failed-to-declare-800-million-losses?srnd=premium-asia

Vopak completes divestment of terminal in Algeciras.

www.vopak.com/newsroom/news/vopak-completes-divestment-terminal-algeciras

Here’s why China and India will remain defiant amid threat of US sanctions for Iranian oil imports.

www.cnbc.com/2019/04/23/iran-oil-sanctions-china-and-india-will-remain-defiant-against-us.html