Page 2 - Crude Oil Consumption

Top oil guzzlers surpass pre-pandemic consumption amid recovery in activity

Oil demand in China, the world's top energy consumer, will be 13% higher in the fourth quarter than in the same period in 2019 before the pandemic

Asia refiners face double blow to profits from Iran and Covid resurgence

The virus resurgence in India and other nations apart from China is reducing consumption of products such as gasoline.

BP says era of oil-demand growth over, may not return to pre-Covid levels

The UK giant is describing a different future, where oil's supremacy is challenged, and ultimately fades

April refinery output down 29%, natural gas falls 19% as consumption tapers

Industry experts say consumption of petroleum products in April was only 30-40% of what it had been prior to lockdown

Lift the lockdown

An extension will only increase the human cost

Four fallouts of Covid-19 mishandling

A disruption in supply chain, no cash flow, non-availability of labour, and the fall in purchasing power will break many businesses

Coronavirus: Oil nears one-month high on supply threats, easing demand woes

Brent crude futures were up 7 cents at $59.19 a barrel by 0939 GMT, after climbing to as high as $59.71 earlier in the day

India's appetite for petroleum products consumption to drop to 6-year low

The nation's consumption of petroleum products in the financial year to March 2020 is expected to rise by 1.3 per cent to 216 million tons, the oil ministry's Petroleum Planning and Analysis Cell said

The brave new world of ample oil

The shift from scarcity to abundance has been brought about in an astonishingly short time by America's "fracking" revolution, leading to massive benefits for consuming countries

Crude oil consumption of Indian refineries to grow at 4.5% CAGR: Report

Consumption of crude oil by refineries in the country is projected to grow at the rate of 4.5 per cent CAGR (compounded annual growth rate) and reach the level of 2145.3 million barrels by 2021-22, says a report by Care Ratings.The report, however, said there is a flip side for crude oil consumption on account of increasing use of natural gas as India is on the move towards a gas based economy, natural gas being a cleaner and greener fuel alternative. Besides this, rapid adoption of electric vehicles by 2030 could cause oil demand to plateau."Domestic crude oil production is expected to further increase and become more stable by the end of FY 2018-19. With the introduction of Hydrocarbon Exploration and Licensing Policy where companies get to carve out their areas of interest to explore through the open acreage licensing coupled with the rise of crude oil prices globally, domestic production will rise steadily at a stable growth rate", the report said.Indian economy is to grow by 6.5 .