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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

Oil prices struggle to hold five-month high amid pandemic worries. (AFP Photo)

Oil prices struggle to hold five-month high amid growing demand fears

Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing...

6 Aug 2020 9:01 AM IST

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

World oil demand to peak at 104.4 million bpd in 2035: Unipec

Chen Bo also said China would reduce Iranian oil imports because of looming US sanctions.

24 Sept 2018 11:48 AM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

Indian refiners may reduce oil imports as crude prices soar, rupee...

It is becoming a headache for Modi govt ahead of general elections next year.

24 Sept 2018 10:50 AM IST

Oil falls on storage woes in virus-hit market. (AFP Photo)

Oil falls on storage crisis as virus saps demand

Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions...

27 April 2020 10:12 AM IST

Indian refineries scale back output as virus chokes demand.(AP/PTI Photo)

India's crude crash as coronavirus chokes fuel demand

Indian state retailers sold 50% less refined fuel in the first two weeks of April

23 April 2020 11:46 AM IST

The govt official stressed on the need to ensure that consumers obtained accurate and unadulterated quantities of fuel purchased by them. (Photo: PTI)

India's fuel demand rose 6.2 per cent in November

Sales of gasoline, or petrol, were 4.8 per cent higher from a year earlier at 2.12 million tonnes.

11 Dec 2017 3:24 PM IST