Articles for Fuel Demand

India’s fuel demand hits 24-year high in February: Report
1 year, 9 months ago

India’s fuel demand hits 24-year high in February: Report

Live Mint  

As industrial activity in Asia's third-largest economy is boosted by cheap Russian oil, the fuel demand in India hit its highest level in at least 24 years in February, according to data showed on Thursday. Viktor Katona, lead crude analyst at Kpler said that the strength highlights a combination of profitable refining from record Russian crude imports in February, total …

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India expects fuel demand to grow 4.7% in the next fiscal year
1 year, 10 months ago

India expects fuel demand to grow 4.7% in the next fiscal year

The Hindu  

India's fuel demand is likely to grow 4.7% in the next fiscal year beginning on April 1, initial government estimates showed. Fuel consumption in 2023-24, a proxy for oil demand, could rise to 233.8 million tonnes from the revised estimate of 222.9 million tonnes for the current fiscal year ending in March, according to government forecasts. Domestic demand for petrol, …

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India’s fuel demand hits eight-month peak in November
2 years ago

India’s fuel demand hits eight-month peak in November

Live Mint  

India's fuel demand climbed to an eight-month high in November, government data released on Friday showed, as festivals and a pick-up in industrial activity boosted sales in the world's No. Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data from …

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India's Fuel Demand In July Rises 6.1%; LPG Sales Up 1.7%
2 years, 4 months ago

India's Fuel Demand In July Rises 6.1%; LPG Sales Up 1.7%

News 18  

India’s fuel demand in July rose 6.1 per cent year-on-year, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday. “India’s fuel demand outlook is improving as the economy is poised for a strong bounce back in consumption and continued momentum for the services sector,” said Edward Moya, senior analyst with OANDA. “Fuel demand is …

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Holiday Rush Drives Demand at Europe's Busiest Fuel Station
2 years, 4 months ago

Holiday Rush Drives Demand at Europe's Busiest Fuel Station

News 18  

The first Saturday in August, when Europe’s July holidaymakers head homewards and its August sunseekers head south, is the busiest day of the year at the continent’s busiest filling station. And even surging global fuel prices did not deter thousands of motorists and truckers from filling their tanks at Shell’s Berchem station in southern Luxembourg, on the busy A3 motorway. …

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India's Top Oil Refiner Back at Full Capacity for First Time Since Covid-19
4 years ago

India's Top Oil Refiner Back at Full Capacity for First Time Since Covid-19

News 18  

Indian Oil Corp, the country’s top refiner, operated of its 9 plants in November at 100% capacity for the first time since February, to meet rising local fuel demand, it said in a statement on Thursday. Along with its subsidiary Chennai Petroleum Corp, IOC controls about a third of the 5 million barrels per day refining capacity in India, where …

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Fuel demand dips 11.7 pc in July
4 years, 4 months ago

Fuel demand dips 11.7 pc in July

India TV News  

India's fuel demand is beginning to flatline after showing signs of returning to life, as consumption dipped 11.7 per cent in July, official data showed. Fuel demand fell to 15.67 million tonnes in July, 11.7 per cent lower compared with 17.75 million tonnes consumption in the same month a year ago, and 3.5 per cent lower than the June sale …

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Oil Prices Slip as Coronavirus Case Surge Dents Fuel Demand Hopes
4 years, 4 months ago

Oil Prices Slip as Coronavirus Case Surge Dents Fuel Demand Hopes

News 18  

Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand would stutter just as major oil producers are set to raise output in August. Both benchmark contracts hovered around unchanged levels after having jumped on Wednesday after the US Energy Information Administration reported a sharp, unexpected 10.6 million barrel …

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Oil prices slip amid uncertainty over fuel demand, easing supply curbs
4 years, 5 months ago

Oil prices slip amid uncertainty over fuel demand, easing supply curbs

Live Mint  

Oil prices slipped on Friday amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs. The two benchmark crudes fell 1% on Thursday after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, agreed to trim their record …

Fuel Demand
Oil prices steady as clouds gather over fuel demand, looser supply curbs
4 years, 5 months ago

Oil prices steady as clouds gather over fuel demand, looser supply curbs

Live Mint  

Oil prices were unchanged on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries just as major producers get set to loosen production curbs. On Thursday, the United States reported at least 75,000 new COVID-19 cases, a new daily record. The two benchmark contracts fell 1% on Thursday …

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Fuel demand recovers from 13-year-low as economic activity gains momentum
4 years, 5 months ago

Fuel demand recovers from 13-year-low as economic activity gains momentum

India Today  

India’s fuel demand in June extended its recovery from a 13-year low hit in April, lifted by a pickup in activity as the economy gradually reopens from lockdown restrictions imposed to combat the coronavirus pandemic, government data showed on Thursday. Demand for fuel plunged to 9.94 million tonnes in April, its lowest level since 2007 as stringent lockdown measures hammered …

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