Oil prices edge lower as US fuel demand remains weak; worsening US-China tension weigh on financial markets
Oil prices edged lower on Friday after US inventory data showed lacklustre fuel demand in the world’s largest oil consumer
Oil jumps as coronavirus lockdowns ease, boosting hopes for demand pickup; rising Sino-US tensions likely to cap gains
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2 percent, at $35.19 a barrel.
Fuel demand shows signs of revival; petrol, diesel sales rise in May after easing lockdown restrictions
The drop in fuel sales in the first half of May is lower than the reduction seen during 1-15 April 2020.
Crude prices inch higher on US stockpile drop, but bleak outlook caps gains as virus pandemic crushes fuel demand
A drop in US crude inventories provided some support to prices early in the trading session,
Oil prices rise on demand prospects as lockdowns start to ease; recovery likely to be slow as airlines may remain grounded for months
Global oil demand probably collapsed by as much as 30 percent in April, analysts have said.
Fuel demand hit: Petrol sales down 61%, diesel at 56.5% in April; demand expected to pick up this month
India's fuel consumption slumped by close to 70 per cent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel
Brent oil futures plunge again as growing glut feeds market panic; coronavirus pandemic obliterates fuel demand
Tuesday set a new milestone as more than 2 million contracts for US crude for delivery in June changed hands, the busiest day in history, according to exchange operator CME Group
Crude claws back into positive territory but historic crash spooks investors; analysts hint at demand destruction
May futures settled at minus $37.63 a barrel on Monday, a 306% daily drop, driven by the rapid filling of the United States’ main storage hub at Cushing, Oklahoma - the delivery point for West Texas crude.
Coronavirus impact: Negative $40 oil reflects panic, US crude market economic reality; could recur in coming months, say analysts
Unless production is cut more swiftly, next month could see a repeat of Monday’s frenzied activity with the June contract, which settled at $20.43, or $58 more than the impaired May contract.
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Coronavirus takes toll on global mergers and acquisitions as $1 billion deals disappear, first time since 2004
The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic that has infected over 2.33 million people and claimed 165,000 lives.
Coronavirus Outbreak: Fuel sales slump 50% in first half of April; petrol down 64%, diesel 61%, ATF 94%
India's fuel consumption slumped by a record 50 percent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel
Coronavirus impact: OPEC, Russia outline record oil cut under US pressure as demand crashes; Mexico declines to sign pact
Mexico refused to agree to its share of the crude oil cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours, CNN said.
Coronavirus Outbreak: Petrol, diesel demand slumps 66% in April; ATF down 90% due to nation-wide lockdown
India’s fuel consumption slumped by over 66 percent in April as a nationwide lockdown halted economic activity and travel, which eviscerated demand
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India's fuel demand tumbles 11% in March as coronavirus outbreak hits aviation, transport sectors
India's fuel demand has dropped by a steep 10-11 percent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and a reduction in industrial activity
India's fuel demand expected to rebound to 3.8% in FY21; diesel to witness 2.8% growth next fiscal
Fuel consumption in the current fiscal ending 31 March will grow by just 1.3 percent, its slowest pace in six years.
Oil prices fall amid concerns over demand as coronavirus spread beyond China; crude producers not to cut output
Adding to pressure on oil prices was the strength of the US dollar as investors looked for safe havens.
Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns; OPEC, allies recommend to increase output cuts
The US Energy Information Administration (EIA) on Tuesday cut its global oil demand growth forecast for this year by 310,000 bpd as the virus outbreak crimps oil consumption in China.
OPEC's share of Indian oil imports in October hits lowest since 2011; country's crude shipment from US hits record
OPEC oil output dipped to an eight-year low in September after attacks on Saudi oil plants led to production cuts, a Reuters survey showed.