Crude Oil Demand
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India Will Be Able To Produce Quarter Of Its Oil Demand By 2030: Minister
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday announced that the Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030.
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Oil Edging Higher Supported By The Prospect Of A Tight Market
U.S. petrol stocks fell by 482,000 barrels last week to 219.7 million barrels, U.S. Energy Information Administration said on Wednesday. The start of summer driving season in the United States normally entails increased consumption.
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India's April Crude Oil Imports At 3-1/2 Year High On Cheap Russia Supply
Crude oil imports increased by about 9.7% from March and were up about 14.3% from a year earlier at 20.87 million tonnes, the highest since October 2018, according to Petroleum Planning and Analysis Cell data on Friday.
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Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May
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India's Fuel Demand Jumps 24% Year-On-Year In May
Last month's increase was the biggest year-on-year jump since April 2021. Consumption also rose modestly, by 0.4%, from April.
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Oil Prices Settle Down On Fears Of Fed And Oil Profit Tax
Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports.
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OPEC Sees Global Oil Demand Growth Slowing In 2023 - Report
OPEC expects world demand growth of 2 million barrels per day or less in 2023 as against 3.36 million barrels per day expected in 2022
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Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
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Global Refiners Falter In Efforts To Keep Up With Demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers
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Oil Eases As China Lockdowns Weigh On Demand Outlook
Brent crude futures rose 15 cents to $107.74 a barrel by 0410 GMT while U.S. West Texas Intermediate crude dipped 3 cents to $105.33 a barrel
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India's Reliance Buys At Least 15 Million Barrels Of Russian Oil - Report
Indian refiners have snapped up the cheap barrels of Russian crude as India, the world's third-biggest oil importer and consumer, is hit hard by high oil prices.
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Some Indian Refiners Set To Cut May Saudi Oil, Snap Up Russian Barrels
Atleast two refiners expected to buy less Saudi oil following a rise in official selling price to record highs for Asia.
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Oil Prices Rise On Tight Supplies, Stable Demand
Brent crude rose $1.54, to $114.02 a barrel by 1110 GMT, and U.S. West Texas Intermediate (WTI) crude was up 1.3%, at $107.30
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India's Feb Crude Oil Imports Hit 4 Month-Low As Global Prices Surge
February crude oil imports decreased by about 8.6 per cent from the previous month and were 5.7 per cent lower than pre-pandemic levels in the same month two years ago.
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Indian Refiners Hike Crude Processing In February To Meet Demand Rise
India's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.
-
India Will Be Able To Produce Quarter Of Its Oil Demand By 2030: Minister
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday announced that the Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030.
-
Oil Edging Higher Supported By The Prospect Of A Tight Market
U.S. petrol stocks fell by 482,000 barrels last week to 219.7 million barrels, U.S. Energy Information Administration said on Wednesday. The start of summer driving season in the United States normally entails increased consumption.
-
India's April Crude Oil Imports At 3-1/2 Year High On Cheap Russia Supply
Crude oil imports increased by about 9.7% from March and were up about 14.3% from a year earlier at 20.87 million tonnes, the highest since October 2018, according to Petroleum Planning and Analysis Cell data on Friday.
-
Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May
-
India's Fuel Demand Jumps 24% Year-On-Year In May
Last month's increase was the biggest year-on-year jump since April 2021. Consumption also rose modestly, by 0.4%, from April.
-
Oil Prices Settle Down On Fears Of Fed And Oil Profit Tax
Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports.
-
OPEC Sees Global Oil Demand Growth Slowing In 2023 - Report
OPEC expects world demand growth of 2 million barrels per day or less in 2023 as against 3.36 million barrels per day expected in 2022
-
Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
-
Global Refiners Falter In Efforts To Keep Up With Demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers
-
Oil Eases As China Lockdowns Weigh On Demand Outlook
Brent crude futures rose 15 cents to $107.74 a barrel by 0410 GMT while U.S. West Texas Intermediate crude dipped 3 cents to $105.33 a barrel
-
India's Reliance Buys At Least 15 Million Barrels Of Russian Oil - Report
Indian refiners have snapped up the cheap barrels of Russian crude as India, the world's third-biggest oil importer and consumer, is hit hard by high oil prices.
-
Some Indian Refiners Set To Cut May Saudi Oil, Snap Up Russian Barrels
Atleast two refiners expected to buy less Saudi oil following a rise in official selling price to record highs for Asia.
-
Oil Prices Rise On Tight Supplies, Stable Demand
Brent crude rose $1.54, to $114.02 a barrel by 1110 GMT, and U.S. West Texas Intermediate (WTI) crude was up 1.3%, at $107.30
-
India's Feb Crude Oil Imports Hit 4 Month-Low As Global Prices Surge
February crude oil imports decreased by about 8.6 per cent from the previous month and were 5.7 per cent lower than pre-pandemic levels in the same month two years ago.
-
Indian Refiners Hike Crude Processing In February To Meet Demand Rise
India's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.
