Friday, Mar 29, 2024 | Last Update : 06:36 PM IST

oil demand

Oil prices struggle to hold five-month high amid growing demand fears

Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery

06 Aug 2020 9:01 AM

Oil prices slip on demand worries as coronavirus cases rise

The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd to global supply

30 Jul 2020 8:56 AM

Oil prices edge higher on expected US stimulus, weak dollar

The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a surge in US virus cases

28 Jul 2020 9:02 AM

Oil prices fall amid US-China tensions, increasing pandemic fears

Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery path is uneven

27 Jul 2020 2:21 PM

Oil ticks up, but gains capped by demand destruction

Prices have been marking time since hitting a four-month high earlier in the week on hopeful news about a coronavirus vaccine

23 Jul 2020 9:08 AM

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Oil prices fall on US inventory build, increasing pandemic fears

Industry group American Petroleum Institute reported U.S. crude inventories rose last week by 7.5 million barrels

22 Jul 2020 8:44 AM

Oil steady as virus infections rise but hopes for vaccine lends support

In the first big energy deal since COVID-19, Chevron said it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock

21 Jul 2020 9:03 AM

Oil prices slip after OPEC, allies agree to loosen supply curbs

OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic

16 Jul 2020 8:53 AM

Oil prices drop on demand recovery fears, OPEC+ easing expectations

The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend next level of cuts

14 Jul 2020 11:34 AM

Oil slips as traders eye supply cut easing at OPEC meeting

Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three months since May

13 Jul 2020 9:02 AM

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Oil prices cautiously rise on output cut support

The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week

07 Jul 2020 9:04 AM

Oil prices mixed as virus spike casts shadow over demand

OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July

06 Jul 2020 9:15 AM

Oil prices slip on demand fears as virus cases surge

The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal basis in nine years

02 Jul 2020 10:30 AM

Fuel prices hiked after a day’s pause; Petrol, diesel above Rs 80 in Delhi

Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country

29 Jun 2020 11:19 AM

Oil falls in second straight session as virus cools demand

Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to record low last week

29 Jun 2020 8:50 AM

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BREAKING NEWS: No hike in petrol, diesel prices after 21 days

Before the country entered the lockdown, average price of petrol and diesel in Delhi was Rs 69.60/ litre and Rs 62.30/ litre respectively

28 Jun 2020 1:05 PM

Fuel prices hiked for 20th day; Petrol, diesel price crosses Rs 80-mark in Delhi

Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a litre from Rs 80.02

26 Jun 2020 11:12 AM

Fuel prices hiked for 19th day, diesel remains higher than petrol in Delhi

In 19 straight days, diesel price has gone up by Rs 10.63 per litre. Petrol price hiked on 18 occasions and now totals to Rs 8.66 a litre

25 Jun 2020 11:06 AM

Diesel now costlier than petrol in Delhi, fuel prices hiked for 18th day in a row

In the 18-day period, petrol price increased by a cumulative Rs 9.41 per litre in the national capital, and diesel by Rs 9.58 per litre

24 Jun 2020 11:38 AM

Oil prices slides as US crude stockpile growth heightens oversupply fears

Global oil consumption has started to recover as economies emerge from lockdown

24 Jun 2020 10:03 AM

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