India's oil product exports fell 10.2% year on year to 57.72 million mt in 2020, or 1.24 million b/d, trovisional data from the Petroleum Planning and Analysis Cell showed Jan. 26, as global demand for fuels shrank due to the coronavirus pandemic.

S&P Global Ratings said Jan. 26 it is considering downgrading its credit ratings on a number of major oil and gas producers, including ExxonMobil, Shell and Total, to reflect a growing risk to their businesses from the energy transition, price volatility, and future profitability.

Demand for gasoline in Mexico surged to pre-pandemic levels in December, as holiday travelers swarmed the country's beaches amid a lockdown in the capital, Energy Secretariat (Sener) data showed Jan. 26.

Crude oil futures finished a volatile session mixed Jan. 26 as the market searched for direction amid US stimulus headwinds and bullish economic data.

Japan's largest refiner ENEOS is expected to keep weekly domestic wholesale base prices of its five major oil products unchanged in the week started Jan. 24, multiple sources said Jan. 26.

India's gasoil production rose 3.3% year on year in December and was fairly stable on the month amid high refinery run rates since November. But a recent surge in COVID-19 cases was putting pressure on demand and may hit gasoil production again.

Argentina's state-backed energy company YPF plans to ramp up it investment 73% this year, with the brunt of the increased spending going toward rebuilding oil and natural gas production after a 10% slump in 2020, a company source said Jan. 26.

Physical differentials for 0.1% gasoil cargoes in the Mediterranean have fallen to a five-month low as more supply from storage has been added to the market due to higher outright prices and a narrowing contango structure, market sources said Jan. 26.