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Oil prices fell more than 2% on Tuesday. (AFP Photo)

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...

14 July 2020 11:34 AM IST

Crude prices fell on Friday as the resurgence of the coronavirus globally dimmed the prospects of fuel demand recovery. (AFP Photo)

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...

3 July 2020 9:17 AM IST

Indias crude imports fall to lowest in over a decade in July. (AFP Photo)

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...

21 Aug 2020 8:57 AM IST

Oil prices struggle to hold five-month high amid pandemic worries. (AFP Photo)

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...

6 Aug 2020 9:01 AM IST

Indias fuel demand loses steam, slips in July after two months of gains. (PTI Photo)

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...

4 Aug 2020 9:13 AM IST

Indias August fuel consumption posts biggest monthly decline since April. (PTI Photo)

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...

10 Sept 2020 9:15 AM IST

Government is planning to phase out LPG susbidy by March 2018. (Photo: PTI)

India's fuel demand up 4.4 per cent in April

The rise was led by a 9.2 per cent surge in petrol sales at 2.28 million tonnes.

14 May 2018 3:54 PM IST

The booming aviation market has also pushed up the profit margins.

Asian jet fuel buyers paying the highest premiums to get supply since...

The Asia Pacific region makes up over one-third of the global air passenger market.

7 May 2018 1:39 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

India's fuel demand jumps 7.3 per cent in July

Rates have since gone up marginally. Petrol costs Rs 77.23 a litre and diesel Rs 68.77.

13 Aug 2018 4:54 PM IST

(File) OPEC Conference President Saudi Arabias Energy Minister Khaled al-Falih (2ndR), OPEC Secretary General Mohammed Barkindo (R) and Angolas Governor for OPEC and Chairman of the Board of Governors Estevao Pedro (2nd L) the 173rd OPEC Conference of Organization of the Petroleum Exporting Countries (OPEC) in Vienna. (AFP Photo))

OPEC, Russia agree to oil output cuts; Mexico rejects global plan

The planned output curbs by OPEC+ amount to 8 million barrels per day

10 April 2020 9:09 AM IST