Page 3 - Indian Oil Demand

IOC to buy Guyanese crude as India doubles up on cutting Opec dependence

According to oil ministry officials, this deal is at competitive rates and is in line with the strategy to have multiple sources of crude oil for Indian refiners

Covid-19: Deserted streets, fleeing workers threaten India's oil demand

After dipping by about 2 per cent in March from February, overall consumption of oil products looks set to extend declines this month.

Best of BS Opinion: Cloud over climate action, Tata vs Mistry, and more

Here's a selection of Business Standard opinion pieces for the day

Undiplomatic wrangling

India-Saudi relationship must survive oil price dispute

Best of BS Opinion: Competition in e-tail, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Explained: Why 'atmanirbharta' flows against oil security for India

Instead of relying on negligible domestic deposits, India should be securing steady supplies from abroad

India grabs new oil supply to cut Mideast reliance as Opec+ keeps a check

Indian purchases from the U.S. more than doubled in January on-month, government data show. The country's sophisticated refineries can process almost every kind of crude

India's oil demand set to hit record high as recovery from Covid sets in

A trend for more commuters to use personal cars -- instead of buses, trains and other modes of public transport -- is expected to drive India's demand for gasoline

Covid impact: India's annual fuel demand falls for first time in 21 years

Fuel demand from Asia's second-biggest oil importer collapsed by as much as 70% after it embarked on one of the world's most stringent lockdowns in March

Oil market's reliance on China shows narrowing options

Platts Analytics sees oil prices struggling to go beyond the mid-$40s/bbl mark by the end of calendar year 2020 (CY20) before creeping up to $50/b by end-2021

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

Top headlines: SC stay on Mistry order, YES Bank audit panel chief quits

From SC staying NCLAT order on Cyrus Mistry to dipping passenger vehicle sales, read all the top headlines here

India's oil demand growth to overtake China by mid-2020s: Energy Agency

The IEA, however, forecasts India's refining capacity to rise to 5.7 million bpd by 2024

Saudi oil attacks: Logistics cost a concern as India looks to Russia, US

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country

India to overtake China to become 2nd largest oil demand centre: Report

According to the US EIA, India is currently ranked behind US, China as the world's third-largest oil consumer

Prince Salman tells PM Modi Saudi Arabia can help meet India's energy needs

The two leaders met at Salman's residence in the Argentinian capital Buenos Aires on the sidelines of the G-20 summit

Saudi commits to meeting India's oil demand; keen to invest in fuel retail

India, the world's third-biggest oil importer, is facing record high retail prices

India, China to fuel 50% of rise in global oil demand in 5 years, says IEA

According to IEA, demand is expected to grow at an annual rate of 1.2 million barrels per day (mbd) until 2023, as the oil demand would reach 104.7 mbd, up by 6.9 mb day from 2018

Country's oil demand growth weakest since 2013 as economy declines

Cash ban, new sales tax affected oil demand in 2017 and diesel demand grew 3.3% and gasoline use rose 7.1%: Analysts

Oil demand rises most since note ban

Total fuel consumption rose 5.4 % to 17.79 million tonnes in May