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Petrol sales down 61%, diesel 56.5% in April. (PTI Photo)

Petrol and diesel sales shrink in April; demand expected to pick up...

The demand is expected to further pick up as more areas were opened up on Monday

4 May 2020 4:11 PM IST

Oil prices creep up on demand recovery, tempered by virus outbreaks. (AFP Photo)

Oil prices rise on demand recovery, despite surge in virus cases

The prospect of increased US crude production also kept a lid on gains on Friday

26 Jun 2020 9:25 AM IST

Crude oil imports fell to 14.61 million tonnes. (AP Photo)

India's May crude oil imports post biggest decline since at least 2005

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 IST

Oil falls on rise in US crude stocks, potential second wave. (AFP Photo)

Oil falls amid virus resurgence fears, rise in inventories

OPEC panel will meet on Thursday to further discuss ways to strengthen and review compliance to curb oil production and...

17 Jun 2020 9:41 AM IST

Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand. (APF Photo)

Oil prices rise as easing of lockdown spurs fuel demand

U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels...

9 Jun 2020 11:37 AM IST

Oil hits three-month high over hopes for output cuts. (AFP Photo)

Oil hits three-month high over hopes for output cuts

OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output...

3 Jun 2020 11:35 AM IST

Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand. (AFP Photo)

Oil prices slip on demand worries as coronavirus cases rise

The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd...

30 July 2020 8:56 AM IST

Oil slips as rising virus cases, US-China tensions weigh on markets. (AFP Photo)

Oil prices fall amid US-China tensions, increasing pandemic fears

Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery...

27 July 2020 2:21 PM IST

China imports more oil from Saudi than any other country in June. (AFP Photo)

China's crude imports from Saudi hit fresh high in June

Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June

26 July 2020 4:17 PM IST

Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to climb. (AFP Photo)

Oil prices fall on US inventory build, increasing pandemic fears

Industry group American Petroleum Institute reported U.S. crude inventories rose last week by 7.5 million barrels

22 July 2020 8:44 AM IST

Oil prices offered up a mixed market snapshot on Monday. (AFP Photo

Oil prices mixed as virus spike casts shadow over demand

OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a...

6 July 2020 9:15 AM IST

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases. (AFP Photo)

Oil prices slip on demand fears as virus cases surge

The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal...

2 July 2020 10:30 AM IST