Omicron Fears All But Nullified as Oil Rises On Robust Demand, Market Tightness – Ship & Bunker

Despite analytical worry that lockdowns in some parts of the world due to omicron could harm demand, that has yet to transpire and is certainly not the case in the U.S., where on Friday Baker Hughes disclosed that U.S.

Meanwhile in China, gasoline inventories dropped 2 percent week-over-week through January 6 to 14.7 million tons, or 42 percent of capacity, according to OilChem; and in Canada oil sands producers exported a record amount of crude to overseas markets, thanks to a new link to the U.S.

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