Page 6 - Fuel Demand

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

Biden says fuel supply to take time to normalise after pipeline cyberattack

US President Joe Biden said that the country's fuel supply will take time to normalise as the operator of a key fuel pipeline has restarted operations after a cybersecurity attack.

India's fuel demand drop 9.4% in April due to Covid-19 second wave

India's fuel demand slumped 9.4% in April when compared to the preceding month as lockdowns clamped in several states to curb the second wave of coronavirus sweeping the nation pummelled demand

Global oil prices edge up as investors eye fuel demand recovery

Oil prices edged up in early Asian trade after a 1% dip in the previous session, as global economic recovery and easing travel curbs in the United States and Europe buoyed the fuel demand outlook

Covid-19 to shave-off 20-25 pc of auto fuel demand in the month of April

India's second wave of coronavirus infections and the resultant city and state-specific restrictions may shave-off about 20-25 per cent of auto fuel demand in April, says consultancy Wood Mackenzie

India's fuel sales drop in April on local restrictions to curb second wave

The second wave of coronavirus sweeping the nation has pummelled fuel sales in April as local restrictions clamped to curb the spread of inflection stifled demand, preliminary data showed.

Oil falls as India's Covid-19 surge to weigh on fuel demand: Details here

In Japan, the world's fourth-largest oil buyer, a third state of emergency in Tokyo, Osaka and two other prefectures began on Sunday

Oil demand to buckle in India as Coronavirus resurgence wreaks havoc

India has repeatedly shattered records for infections and deaths as the virus sweeps through the nation, stoking fears that the central government may be forced to implement another national lockdown

Oil prices fall as India's Covid-19 surge dents fuel demand outlook

India, also the world's third-largest oil user, on Wednesday reported another record increase in the daily death toll from Covid-19

Petrol usage in India jumps 27% to four-month high, shows data

Motor fuel demand rose to 88,380 tons per day last month, the highest level since November last year, according to official data.

Oil prices climb on favourable outlook for United States fuel demand

Oil prices climb on favourable outlook for United States fuel demand