Refined fuel sales slipped to 14.39 million tonnes in August, about 16% lower compared with the consumption in the same month a year ago
10 Sep 2020 9:15 AM
Crude oil imports last month slumped about 36.4% from a year earlier to 12.34 million tonnes, or 2.92 million barrels per day
21 Aug 2020 8:57 AM
Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery
06 Aug 2020 9:01 AM
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 earlier
04 Aug 2020 9:13 AM
The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd to global supply
30 Jul 2020 8:56 AM
In July, however, local demand growth has slowed because of high fuel prices, renewed lockdown in parts of the country
29 Jul 2020 10:31 AM
Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June
26 Jul 2020 4:17 PM
In the US, energy drillers cut the number of oil and natural gas rigs operating to a record for an 11th week in a row
20 Jul 2020 8:05 AM
The two benchmark contracts fell 1% on Thursday after OPEC+ agreed to trim record supply cuts of 9.7 million barrels per day
17 Jul 2020 8:49 AM
The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend next level of cuts
14 Jul 2020 11:34 AM
Gasoline demand will be closely watched as US heads into its July 4 holiday weekend as many Americans are expected to hit the road
03 Jul 2020 9:17 AM
Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a 5.6% decline
30 Jun 2020 8:54 AM
The prospect of increased US crude production also kept a lid on gains on Friday
26 Jun 2020 9:25 AM
Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves
24 Jun 2020 10:29 AM
Oil prices have also been supported by a recovery in fuel demand globally following a collapse in April-May during coronavirus shutdowns
22 Jun 2020 8:58 AM
Out of the total tax incidence of Rs 49.43 per litre, Rs 31.83 is by way of central excise and Rs 17.60 is VAT
21 Jun 2020 11:45 AM
Oil products imports eased 0.8% to 3.57 million tonnes year-on-year, while exports rose by 5.9% to 5.75 million tonnes
21 Jun 2020 9:10 AM
A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment
18 Jun 2020 9:27 AM
Fuel consumption at 14.65 million tonnes in May was 47.4 per cent higher than April but 23.3 per cent lower than a year earlier
16 Jun 2020 4:36 PM
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