Page 4 - Fuel Demand

Oil price rises on OPEC+ plan to meet if Omicron hits fuel demand

U.S. West Texas Intermediate (WTI) crude futures rose $1.38, or 2.1%, to $67.88 a barrel, adding to a 1.4% gain on Thursday.

IOC expects 100% refinery run within a quarter as fuel demand returns

Indian Oil Corp (IOC), the nation's largest oil firm, expects refinery run to reach 100 per cent within a quarter as fuel demand returns, its chairman SM Vaidya said. Speaking at India Energy Forum by CERAWeek, he said petrol and cooking gas LPG demand is already above pe-COVID levels and diesel - the most consumed fuel in the country - is inching back to normalcy. "Energy demand is rebounding in India with the revival of economic activity" after a devastating pandemic, he said. India's energy demand had halved after a nationwide lockdown was imposed in late March last year. But with gradual easing of restrictions, economic activity has rebounded. Vaidya said the robust energy demand in India is only set to grow in the future. "LPG and petrol have already exceeded pre COVID levels, and we expect refinery capacity to reach 100 per cent by the next quarter," he said. IOC's refineries operated at 82 per cent of capacity in September and are above 90 per cent this month. He said IOC

'India should plan strategic fuel reserves', says Power Secy Alok Kumar

Several reforms in power transmission for renewables are in the offing, says union secretary of power, Alok Kumar

Energy crunch hits global recovery as winter approaches: Report

And fears are rising that Europe will have to ration electricity if it's a cold winter

India's fuel demand increased 5.2% YoY in September

Sales of gasoline, or petrol, were 6% higher from a year earlier at 2.60 million tonnes

China orders top energy companies to secure supplies at all costs

The order came directly from Vice Premier Han Zheng, who supervises the nation's energy sector and industrial production, and was delivered during an emergency meeting earlier this week

India's September diesel consumption remain below pre-Covid levels

India's gasoil consumption slowed in the first half of September from the previous month, staying below pre-Covid levels as a pick-up in monsoon rains hit mobility

India's fuel demand jumps 11% in Aug, consumption totals 16 mn tonne

India's fuel demand soared almost 11 per cent in August when compared with the same month last year but lower than the previous month as monsoon rains slowed mobility and consumption.

India's gasoline demand seen hitting record as Covid-19 curbs ease

Annual passenger vehicle sales in India rose by 45% to 264,442 units in July, driven by pent-up demand, according to data from the Society of Indian Automobile Manufacturers.

China's Sinopec posts $6 bn profit on rebounding oil prices, better demand

Revenue in the first six months rose 22.1% from last year's low base to 1.26 trillion yuan, following a recovery in global oil prices and robust demand for fuel and petrochemical products

Oil edges higher on US fuel demand, extends rally for third session

The four-week average for US total product supplied, a proxy for fuel demand, soared to nearly 21 million barrels per day, its highest since March 2020

Oil slides as US crude drawdown faces Covid-19 surge, firmer dollar

Oil prices dipped slightly on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand

Oil prices up 3%; forecast for better US fuel demand feeds rebound

Oil prices rose 3% on Tuesday, rebounding from recent losses on signs of rising fuel demand in the United States despite a surge in Covid-19 cases

Mizoram stares at fuel shortage amid border row, orders rationing

The Mizoram government ordered rationing the purchase of diesel and petrol as the movement of vehicles, including the tankers carrying fuel, continued to remain shut on National Highway-306. The order issued by the Food, Civil Supplies and Consumer Affairs Department on Friday said that the state could face a huge crisis of fuel, which comes via neighbouring Assam, due to the inter-state border dispute. "All filling stations are instructed not to issue petrol and diesel beyond the permitted quantities. Only those vehicles that go to filling stations will be issued oil," the order said. The quantity of fuel that can be purchased at a time by heavy motor vehicles such as six, eight and twelve wheelers is capped at 50 litres, and 20 litres for medium motor vehicles like pick-up trucks. Maximum three litres of oil is allowed for scooters, five litres for other two-wheelers, and 10 litres for cars, the order said. Trucks carrying rice bags, oil and LPG will be allowed to get fuel, whic

India's fuel demand picks up in July, petrol consumption at pre-Covid level

India's fuel demand picked up in July as easing of pandemic-related restrictions accelerated economic activity, helping petrol consumption reach pre-Covid levels

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83