Wednesday, Oct 28, 2020 | Last Update : 06:28 AM IST

oil demand Page-2

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

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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

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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

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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

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