Wednesday, May 22, 2024 | Last Update : 08:44 AM 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
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
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
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
Fuel prices rise on 17th day, petrol price hiked by 20 paise, diesel by 55 paise
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or value added tax
23 Jun 2020 11:40 AM
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
Fuel demand jumps nearly 50% in May as lockdown restrictions ease
Petrol and diesel sales in May, however, increased by 81.8% and 69.1% respectively from April
11 Jun 2020 11:14 AM
Oil prices drop on concerns about slow demand, record US stocks
At the same time, gasoline stockpiles grew more than expected to 258.7 million barrels
11 Jun 2020 8:48 AM
Oil drops after jump in US crude stockpiles, renews oversupply concerns
Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase
10 Jun 2020 9:12 AM
Oil prices rise as easing of lockdown spurs fuel demand
U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels respectively in a week
09 Jun 2020 11:37 AM
Oil prices inch higher after OPEC+ extends output cuts to end-July
On Saturday OPEC+ agreed to extend the deal by a third month through end-July
08 Jun 2020 9:03 AM
Oil prices slip even after OPEC meeting advanced
Saudi Arabia is proposing to extend record cuts from May and June until the end of the year, but has yet to win support from Russia
01 Jun 2020 9:11 AM
Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease
OPEC+ countries are set to meet again in early June to discuss maintaining their supply cuts to shore up prices
26 May 2020 8:42 AM
India's crude oil imports fall, product exports surge in April
Oil product imports dropped 6.5% to 3.35 million tonnes, their first year-on-year decline in 16 months
23 May 2020 9:22 AM
Oil prices slip on dim economic outlook, despite improved demand
A bleak economic outlook from the U.S. Federal Reserve put downward pressure on oil prices
20 May 2020 9:16 AM
Oil falls amid concerns about second wave of virus, rise in inventories
Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump
13 May 2020 8:29 AM
India's fuel demand crashes nearly 50% in April
The country’s fuel demand is set to recover with easing restrictions on industrial activity and transport in areas
10 May 2020 3:22 PM
Oil falls on storage crisis as virus saps demand
Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide
27 Apr 2020 10:12 AM
India’s crude crash as coronavirus chokes fuel demand
Indian state retailers sold 50% less refined fuel in the first two weeks of April
23 Apr 2020 11:46 AM
India's fuel demand rose 3.3 per cent in July
Sales of gasoline, or petrol, were 8.8 per cent higher from a year earlier at 2.52 million tonnes.
12 Aug 2019 9:04 AM
IEA says does not expect 'huge increase' in crude prices
The IEA is reducing its 2019 oil demand forecast due to a slowing global economy amid a US-China trade spat.
19 Jul 2019 11:01 AM
India to surpass China to become 2nd largest oil demand centre in 2019
During April-December, consumption of petroleum products has been 157.4 million tonnes, up 2.5 per cent.
22 Jan 2019 4:09 PM
India oil demand to rise by 5.8 million barrels per day by 2040: OPEC
Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.
16 Oct 2018 11:28 AM
IEA lowers its growth forecast in oil demand for 2018, 2019
The estimated growth in global demand has been reduced by 1,10,000 barrels per day for each of the two years.
12 Oct 2018 2:44 PM
World oil demand to peak at 104.4 million bpd in 2035: Unipec
Chen Bo also said China would reduce Iranian oil imports because of looming US sanctions.
24 Sep 2018 11:48 AM
Indian refiners may reduce oil imports as crude prices soar, rupee struggles
It is becoming a headache for Modi govt ahead of general elections next year.
24 Sep 2018 10:50 AM
India's fuel demand rose 6.2 per cent in November
Sales of gasoline, or petrol, were 4.8 per cent higher from a year earlier at 2.12 million tonnes.
11 Dec 2017 3:24 PM
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