Page 5 - Fuel Demand

New fuel retail outlets may rely on public sector OMCs to build networks

These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility

The world's road fuel demand to peak years earlier than expected

The accelerated time frame comes as global automakers shift toward less-polluting vehicles

India's coal import rises 20 pc in May; volumes may be subdued in monsoon

India's coal import rose 20.4 per cent to 19.92 million tonnes (MT) in the month of May. The country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services. "On a year-on-year basis, however, India's coal and coke imports in May 2021 were up 20.4 per cent as against 16.54 MT clocked in May 2020," it said. Import volumes of dry-fuel, it said, are expected to remain subdued in the ongoing monsoon season on account of lower demand, firm prices and high freight rates. India's coal import also rose 25.4 per cent to 42.19 MT in the first two months of the ongoing fiscal, against 33.63 MT of coal imported in the corresponding period of previous financial year, it said. Of the total import in May, non-coking coal was at 13.64 MT, against 10.54 MT imported in May last financial year. Coking coal import was at 4.41 MT, up against 3.18 MT imported in May last fiscal. During April-May, non-coking coal import was at 28.96 MT as compared to 22.82 MT

India's fuel demand rebounds in June after hitting nine-month low in May

Petrol sales rose 5.6 per cent year-on-year to 2.4 million tonnes in June.

India's June fuel demand recovers as lockdowns ease and mobility picks up

Fuel consumption, a proxy for oil demand, rose 8% from May to 16.34 million tonnes

Oil falls as flare-ups of Covid-19 Delta variant threaten fuel demand

Oil prices slipped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious Covid-19 variant Delta sparked new mobility restrictions around world

Oil prices fall on rising Covid cases in Asia, Eurupe ahead of Opec+ talks

All eyes will be on the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, to see what happens at their meeting on Thursday.

Oil up nearly 2% to multi-year highs on demand expectations

By Stephanie Kelly

Oil prices extend 3-week gains as demand outlook improves, supplies tighten

Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand

Second wave of Covid-19: India's fuel demand slips to nine-month low in May

India was under one of the world's strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.

Oil prices rise to fresh multi-year highs on fuel demand recovery

Brent crude futures edged up 13 cents to $72.65 a barrel to 1145 GMT, a day after closing at their highest since May 2019

Oil skids as start of US summer driving season fails to lift fuel demand

Oil prices fell on Thursday as inventory data in the United States, the world's top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand

Oil climbs on signs of strong fuel demand recovery in western economies

Brent crude futures were up 32 cents, or 0.4%, at $72.54 a barrel at 0640 GMT, having earlier touched $72.83, the highest since May 20, 2019.

Oil steady after sharp rise on improved fuel demand picture

Brent crude futures were up 16 cents, or 0.22%, at $71.51 a barrel by 1244 GMT after touching their highest since September 2019 at $71.99. The international benchmark had gained 1.6% on Wednesday

Fuel sales plunge to lowest in year in India as states lock down for Covid

Oil demand across wide swathes of Asia has been hurt by resurgent coronavirus waves in recent months

India's fuel demand plunges in May amid Covid-19 lockdowns, show data

Daily petrol sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India's fuel demand, fell by 19.9%

High level of taxation widens divergence in diesel inflation in WPI, CPI

Diesel retail prices are back to more than Rs 80 a litre in the national capital throughout this month and remain on an upward trajectory

India's oil industry struggles to predict demand recovery in pandemic

Diesel and gasoline, which account for more than half of oil consumption in India, are bearing the brunt of lockdowns.

Coronavirus: India's fuel demand plunges in May as states enforce lockdown

Gasoline and diesel sales over May 1-15 fell by about 20 per cent, while jet fuel consumption slumped by nearly 38 per cent, versus April 1-15 levels

Oil edges lower as Covid-19 restrictions in Asia fuel demand concerns

Brent crude oil futures were down 8 cents, or 0.1%, at $68.63 a barrel as of 0036 GMT, and West Texas Intermediate (WTI) crude was down 7 cents, or 0.1%, at $65.30