Page 2 - Fuel Demand

India's fuel sales slow down due to monsoon rains, shows prelim data

Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods

Oil prices fall as China woes offset boost from high US fuel demand

Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session

Lubes market to grow 3% CAGR in India, continued demand likely: Report

Indian lubes market is expected to grow at a compounded annual growth rate (CAGR) of 3 per cent, with the country likely to see continued demand for lubricants notwithstanding the emergence of the electric vehicle segment, according to a report. On the contrary, the other key markets of the US, China, Japan and Russia, may witness a decline or slowdown in demand, as per the 'Kline's Global Lubricants 2022: Market Analysis and Assessment' report shared at an industry event here on Wednesday. The factors that will drive this progression include a growing digital economy, industrialization, urbanization, increasing discretionary spending, and increased investments in infrastructure development, it said. In 2021, India's lubricant market bounced back with double-digit growth after witnessing a strong decline in 2020 due to the COVID-19 pandemic. The market continued to grow further and exceeded pre-pandemic demand levels in 2022, it said. The report noted that India is a bright spot i

Oil, petrol sales of state retailers decline in July amid heavy rains

Demand from the agriculture sector also gets affected in this period due to fewer irrigation-related requirements

Fossil-fuel demand for electricity may have peaked following RE's growth

From China to Europe, the capacities of solar, battery and wind power are surging, the Rocky Mountain Institute said in an analysis released Thursday

Oil prices ease on fears of more interest rate hikes denting fuel demand

Leaders of the world's top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation

India's diesel sales soar, overall fuel consumption eases in April

Consumption was down to about 18.41 million tonnes from 18.45 million a year ago

Fuel demand slips in January from nine-month peak on back of lower mobility

Sales of diesel fell 7.6% in January from a month ago to 7.18 million tonnes, while sales of gasoline, or petrol, fell 5.3% to 2.82 million tonnes, the PPAC data showed

Oil prices rise to $88 a barrel on back of stronger China outlook

Last week Brent rose 2.8%, while the U.S. benchmark logged a 1.8% gain

Oil prices gain around 1% on optimism over China's fuel demand recovery

But OPEC kept its 2023 global demand growth forecast unchanged

India's fuel demand hits 9-month high in Dec due to uptick in PV sales

On a daily basis, consumption of gasoline rose marginally in December compared to the previous month

Fuel demand in India hits eight-month peak in November amid festivals

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

Spike in winter demand for diesel in Europe offers huge scope for India

State-owned refiners are in a strong position to gain from the surging demand for diesel from Europe as winter sets in and natural gas supplies from Russia are set to dwindle on fresh sanctions

World's most-crucial fuel diesel heads for shortage touching everything

Within the next few months, almost every region on the planet will face the danger of a diesel shortage

October fuel demand rises 3.4% year-on-year to 18.37 million tonnes

Sales of bitumen, used for making roads, were 11.5% lower, while fuel oil use edged up 0.9% in October

Oil prices fall as US Fed interest rate hike raises fuel demand concerns

OPEC and its allies including Russia, known collectively as OPEC+, also decided to cut targeted output by 2 million bpd from this month

Emissions to hit a peak by 2025, demand for fossil fuel to reduce: IEA

Global greenhouse emissions will peak in 2025 as the world goes through a "profound reorientation" in terms of energy use, said the World Energy Outlook 2022 report

EU set to adopt emergency package in Nov to tackle current energy crisis

A package of emergency energy measures proposed by the European Commission last week to mitigate the effects of the current energy crisis should be adopted by November end, senior officials said

Fuel demand to far outstrip supply until 2025: Natural gas exporters

The leader of the coalition of gas-exporting countries said on Tuesday the group expects demand for the fuel to far outstrip supply until 2025 amid a global energy crisis sparked by the war in Ukraine. Secretary General of the Gas Exporting Countries Forum Mohamed Hamel, of Algeria, said at the group's meeting in Cairo that although investment was increasing in natural gas production the countries didn't expect to have new sources of supply online for another three years. We believe that this market tightness to be with us until probably 2025 or 2026 when the new projects that are being developed will come on-stream, he said in a press conference on Tuesday attended by energy ministers from some of the coalition's members. Natural gas prices have skyrocketed worldwide following the Russian invasion of Ukraine early this year. Amid sanctions imposed on Russia's energy sector, much of European Union, which formerly depended on Russia for 40 per cent of its supply, has struggled find .

World is in its 'first truly global energy crisis': IEA chief Fatih Birol

The head of the International Energy Agency said its members have oil reserves available to conduct another round of releases if needed