Page 8 - Fuel Demand

India's fuel demand to contract 11.5% in 2020: Fitch Solutions forecast

Fitch Solutions has revised downward its forecast for fuel demand contraction in India to 11.5 per cent in 2020 in line with further deterioration in the country's economic outlook

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

Covid-19 crisis: Hit by local lockdowns, fuel demand falls 12% in July

Fuel consumption, a barometer of economic activity in the country, had slumped by over 45 per cent in April as nationwide lockdown halted most vehicular traffic and shut industries

Domestic refiners shut down for maintenance as fuel demand wanes

Some firms also cut down their throughput

Fuel demand recovery stalled in July amid Covid lockdown, prices: Report

Sale of Aviation Turbine Fuel (ATF) rose 3.8 per cent in July from a month earlier but is down 65 per cent from the July of 2019

Low fuel demand drives IOC's pre-tax profit down 42% to Rs 3,204 cr in Q1

June quarter revenue down 41% to Rs 90,106 cr, GRM was minus (-) $1.98 a barrel as compared to $4.69 a barrel in the year-ago quarter

Fuel prices unchanged for fourth day in India over stability in oil market

Oil companies kept petrol and diesel prices unchanged on Thursday taking global cues where benchmark crude oil prices have remained static around $43 a barrel for the past few days now

End game for oil? OPEC prepares for an age of dwindling demand

OPEC faces a dramatic adjustment if consumption starts a permanent decline

Oil edges higher on weaker dollar, but demand threats from US China tension

Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08

Diesel prices hiked by 12 paise despite low demand, petrol unchanged

Diesel was priced at Rs 81.64 per litre on Monday in Delhi, higher than the previous level of Rs 81.52 a litre

Oil prices slip as worsening Covid-19 threatens recovery in fuel demand

More than 14 million people have been infected by the novel coronavirus globally and nearly 602,000 have died, according to a Reuters tally

India's petrol, diesel demand falls again due to high prices, lockdown

India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behind only the United States and Brazil

India's fuel demand continues to recover in June, up 11% over May-levels

Officials said petrol and diesel demand has rapidly climbed due to higher use of private vehicles as commuters avoided public transport

Crude oil falls as growing coronavirus cases stoke fuel demand worries

Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices

Oil gains on growing fuel demand, even as coronavirus cases surge worldwide

Analysts said satellite data showing a strong pick-up in traffic in China, Europe and across the United States pointed to an improvement in fuel demand

IOC aims to operate refineries at 90% capacity in June as demand recovers

Refiners in Asia are cranking up runs as the lifting of lockdown restrictions is pushing up fuel demand. India's fuel consumption in May increased significantly from April

Oil prices, fuel demand recover as countries ease Covid-19 restrictions

The lifting of some coronavirus curbs is driving a recovery in gasoline demand with traffic congestion in some of the world's capitals returning to year-earlier levels

Crude oil prices surge as demand shows signs of recovery from Covid-19

US crude up 19.7% in the week, Brent adds 5.2 per% after a week of bullish news. Both contracts gain for third straight week

Lockdown impact: Fuel demand in India plunged to historic lows in April

In its latest report, the International Energy Agency has said India's annual fuel consumption will decline 5.6 per cent in 2020

Oil rises, but ends wild week lower as coronavirus slashes fuel demand

Oil futures marked their third straight week of losses, with Brent ending down 24 per cent and WTI off around 7 per cent.