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Record sale of sanitary products in Japan

Bloomberg Japanese sellers of masks, toilet paper and other sanitary products are turning out to be rare beneficiaries of the coronavirus. Sales of masks, alcohol wipes and other healthcare products jumped by about 47% at Japanese drug stores, a record in trade ministry data going back to 2014. Outlays on daily necessities including toilet paper surged 31%, also a record. ...

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Oil traders hustle for tankers to divert US crude to Asia

Bloomberg Oil majors and traders are scrambling to book supertankers to try and divert a flood of American crude to Asia, betting the region is the best place to store the surplus while the market waits for a rebound. A dozen very large crude carriers are being sought to load from the US Gulf Coast over a 10-day period from ...

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Brazilian distributors declare force majeure on ethanol purchase

Bloomberg Brazil’s two largest fuel distributors declared force majeure on purchases of ethanol as the coronavirus pandemic hammers demand in Latin America’s largest economy. The Raizen venture owned by Royal Dutch Shell Plc and Cosan SA sent a letter to suppliers invoking the clause for both anhydrous ethanol that’s blended in gasoline and the hydrous variety used directly in cars, ...

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