Fuel Demand

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.

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

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.