Wednesday, Oct 28, 2020 | Last Update : 08:55 AM IST

fuel demand

Fuel consumption in August witnesses biggest monthly dip since April

Refined fuel sales slipped to 14.39 million tonnes in August, about 16% lower compared with the consumption in the same month a year ago

10 Sep 2020 9:15 AM

India’s crude imports drop to decade low in July

Crude oil imports last month slumped about 36.4% from a year earlier to 12.34 million tonnes, or 2.92 million barrels per day

21 Aug 2020 8:57 AM

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

Fuel demand in July falls due to high prices, fresh lockdowns

Petrol sales by state companies fell by 1% to 2.03 million tonnes in July from June, and by about 11.5% from a year earlier

04 Aug 2020 9:13 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

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Indian refineries face shutdowns as fuel demand drops

In July, however, local demand growth has slowed because of high fuel prices, renewed lockdown in parts of the country

29 Jul 2020 10:31 AM

China's crude imports from Saudi hit fresh high in June

Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June

26 Jul 2020 4:17 PM

Oil falls as worsening pandemic threatens recovery

In the US, energy drillers cut the number of oil and natural gas rigs operating to a record for an 11th week in a row

20 Jul 2020 8:05 AM

Oil prices mixed as virus spike casts shadow over demand

The two benchmark contracts fell 1% on Thursday after OPEC+ agreed to trim record supply cuts of 9.7 million barrels per day

17 Jul 2020 8:49 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

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Oil falls as growing coronavirus cases stoke fuel demand worries

Gasoline demand will be closely watched as US heads into its July 4 holiday weekend as many Americans are expected to hit the road

03 Jul 2020 9:17 AM

Oil prices fall as weak Japan data exposes market jitters over fragile demand

Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a 5.6% decline

30 Jun 2020 8:54 AM

Oil prices rise on demand recovery, despite surge in virus cases

The prospect of increased US crude production also kept a lid on gains on Friday

26 Jun 2020 9:25 AM

India's oil imports in May sink to lowest in over 8 years

Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves

24 Jun 2020 10:29 AM

Oil prices higher on tighter supply, but demand concerns resurface

Oil prices have also been supported by a recovery in fuel demand globally following a collapse in April-May during coronavirus shutdowns

22 Jun 2020 8:58 AM

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Fuel rates hiked for 15th day; Diesel price hits record high, petrol up 35 paise

Out of the total tax incidence of Rs 49.43 per litre, Rs 31.83 is by way of central excise and Rs 17.60 is VAT

21 Jun 2020 11:45 AM

India's May crude oil imports post biggest decline since at least 2005

Oil products imports eased 0.8% to 3.57 million tonnes year-on-year, while exports rose by 5.9% to 5.75 million tonnes

21 Jun 2020 9:10 AM

Oil prices drop on demand worries as coronavirus cases rise

A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment

18 Jun 2020 9:27 AM

Fuel demand improves sharply in June as lockdown restrictions ease

Fuel consumption at 14.65 million tonnes in May was 47.4 per cent higher than April but 23.3 per cent lower than a year earlier

16 Jun 2020 4:36 PM

Oil prices drop as coronavirus infections rise

Production from seven major U.S. shale formations is likely to drop to close to a two-year low of 7.63 million barrels per day by July

16 Jun 2020 9:02 AM

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