Fuel Demand

Showing of 1 - 20 from 28 results
Fuel Demand - Total results - 28
Oil prices edge lower as US fuel demand remains weak; worsening US-China tension weigh on financial markets
Business

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
Business

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
Business

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
Business

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,

Fuel demand hit: Petrol sales down 61%, diesel at 56.5% in April; demand expected to pick up this month
Business

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
Business

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
Business

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
Business

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.

Stock Market Latest Updates: Sensex ends in green, Nifty holds 9,200-mark; HDFC Bank, Infosys among major gainers
Business

Stock Market Latest Updates: Sensex ends in green, Nifty holds 9,200-mark; HDFC Bank, Infosys among major gainers

Stock Market Today LIVE Updates: Sensex up, Nifty reclaims 9,300-mark; Infosys, Tata Motors among major gainers

Coronavirus takes toll on global mergers and acquisitions as $1 billion deals disappear, first time since 2004
Business

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%
Business

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
Business

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
Business

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

Stock Market Today Latest Updates: Market ends in red on Day 1 of FY21; Sensex plunges over 1,200 points, Nifty below 8,300-mark
Business

Stock Market Today Latest Updates: Market ends in red on Day 1 of FY21; Sensex plunges over 1,200 points, Nifty below 8,300-mark

Stock Market Today LIVE Updates: Sensex 430 points down, Nifty below 8,600 mark; Kotak Mahindra, ONGC among top losers

India's fuel demand tumbles 11% in March as coronavirus outbreak hits aviation, transport sectors
Business

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
Business

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
Business

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
Business

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
Business

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.