Refinery data show demand slump

By: Miguel A. Rodriguez

11:35, 24 May 2021

UK says vaccines effective for Indian virus variant.
  • India's biggest refiner, Indian Oil Corp has reduced crude processing to average at 84 per cent of overall capacity from 96 per cent in April.
  • British health officials expressed optimism that the restrictions remaining in England can be lifted in June after an official study found that vaccines offer effective protection against the virus variant first identified in India.
  • China’s central bank said it will maintain the exchange rate of the #yuan at “basically stable” levels after recent comments by its officials who suggested the currency be allowed to appreciate.

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