FUJAIRAH / WAM Fuel stockpiles used by shippers and for power generation jumped to a record high at the Port of Fujairah in the UAE, the strongest sign yet of dwindling storage space for oil products in the region as demand evaporates due to the coronavirus pandemic. Stockpiles of heavy distillates and residues, used by shippers and for power generation, ...

Bloomberg A panel of Indian government ministers advised Prime Minister Narendra Modi to partially lift the lockdown imposed on March 25 to control the spread of the coronavirus outbreak, people with knowledge of the matter said. Areas with large clusters of Covid-19 cases will remain closed, the people said, asking not to be identified as the discussions are private. The ...

Bloomberg Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen ($2 billion) for companies shifting production back to Japan and ...