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Adani Wilmar Records Double-Digit Percentage Growth In Q4 Edible Oil Sales
India's Adani Wilmar forecast double-digit percentage growth in fourth-quarter edible oil sales on Friday, driven by strong demand during the festive season in the world's biggest importer.
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Demand For Oil, Gas And Coal Will Peak This Decade, Warns Energy Agency
World demand for oil, gas and coal is forecast for the first time to peak this decade, the head of the International Energy Agency wrote in the Financial Times on Tuesday.
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Oil Prices Fall 5% After IMF Cuts Growth Outlook
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.
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OPEC Cuts 2022 World Oil Demand Forecast Due To Ukraine War
OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.
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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.
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Oil Settles Down But Off 2-Week Low; Supply Concerns In Focus
U.S. crude stocks rose by 4.3 million barrels last week, the U.S. Energy Department said on Wednesday, more than double the 1.9 million-barrel gain forecast by analysts.
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Oil Prices Rise To Three-Year High On Back Of Supply Deficit Forecasts
Demand has picked up with the recovery from the COVID-19 pandemic, with a further boost from power generators who have been turning away from expensive gas and coal to fuel oil and diesel.
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Global Oil Demand To Peak In 2026: Report
World demand is now seen peaking at 101.6 million barrels of oil per day (bpd) in 2026, down from a forecast made in November of a peak in 2028 at 102.2 million bpd, Rystad Energy said.
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India's Slowing Diesel Sales In August Points To Lower Industry Output
India's monthly diesel consumption continued to decline for the second straight month in August, according to preliminary industry data, signalling lower industrial activity. Diesel consumption accounts for 40% of overall refined fuel sales in India and is one of the key parameters linked to overall economic growth. Asia's third largest economy shr...
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IMF Not Changing Saudi Recovery Forecast Over Khashoggi: Senior Official
The International Monetary Fund is not changing its forecasts for a recovery in Saudi Arabia's economy in response to the furore over the death of dissident Jamal Khashoggi, a senior IMF official said.
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OPEC Sees Balanced Oil Market Only By Year-End Due To Production Glut
The oil producers' cartel has revised its crude oil production output forecast thrice since November.
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Stock Prices Need To Be Backed By Economic Growth: Arvind Subramanian
The Economic Survey has cautioned that against the emerging macroeconomic concerns, policy vigilance will be necessary in the coming year, especially if high international oil prices persist or elevated stock prices correct sharply, provoking a "sudden stall" in capital flows.
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Saudi Arabia Faces New Oil Titan Once Battle With Shale Is Won
Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary.
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India Forecasts Top 10 Trends in 2015
In 2015, will oil prices fall further or are they about to shoot up again? Is the global economy on the brink of a recession or is the revival of the US economy going to boost world growth? Is inflation going to carry on falling or are prices going to go back up next year? In the midst of these uncertainties, the focus of the world is on India and...
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Adani Wilmar Records Double-Digit Percentage Growth In Q4 Edible Oil Sales
India's Adani Wilmar forecast double-digit percentage growth in fourth-quarter edible oil sales on Friday, driven by strong demand during the festive season in the world's biggest importer.
-
Demand For Oil, Gas And Coal Will Peak This Decade, Warns Energy Agency
World demand for oil, gas and coal is forecast for the first time to peak this decade, the head of the International Energy Agency wrote in the Financial Times on Tuesday.
-
Oil Prices Fall 5% After IMF Cuts Growth Outlook
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.
-
OPEC Cuts 2022 World Oil Demand Forecast Due To Ukraine War
OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.
-
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.
-
Oil Settles Down But Off 2-Week Low; Supply Concerns In Focus
U.S. crude stocks rose by 4.3 million barrels last week, the U.S. Energy Department said on Wednesday, more than double the 1.9 million-barrel gain forecast by analysts.
-
Oil Prices Rise To Three-Year High On Back Of Supply Deficit Forecasts
Demand has picked up with the recovery from the COVID-19 pandemic, with a further boost from power generators who have been turning away from expensive gas and coal to fuel oil and diesel.
-
Global Oil Demand To Peak In 2026: Report
World demand is now seen peaking at 101.6 million barrels of oil per day (bpd) in 2026, down from a forecast made in November of a peak in 2028 at 102.2 million bpd, Rystad Energy said.
-
India's Slowing Diesel Sales In August Points To Lower Industry Output
India's monthly diesel consumption continued to decline for the second straight month in August, according to preliminary industry data, signalling lower industrial activity. Diesel consumption accounts for 40% of overall refined fuel sales in India and is one of the key parameters linked to overall economic growth. Asia's third largest economy shr...
-
IMF Not Changing Saudi Recovery Forecast Over Khashoggi: Senior Official
The International Monetary Fund is not changing its forecasts for a recovery in Saudi Arabia's economy in response to the furore over the death of dissident Jamal Khashoggi, a senior IMF official said.
-
OPEC Sees Balanced Oil Market Only By Year-End Due To Production Glut
The oil producers' cartel has revised its crude oil production output forecast thrice since November.
-
Stock Prices Need To Be Backed By Economic Growth: Arvind Subramanian
The Economic Survey has cautioned that against the emerging macroeconomic concerns, policy vigilance will be necessary in the coming year, especially if high international oil prices persist or elevated stock prices correct sharply, provoking a "sudden stall" in capital flows.
-
Saudi Arabia Faces New Oil Titan Once Battle With Shale Is Won
Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary.
-
India Forecasts Top 10 Trends in 2015
In 2015, will oil prices fall further or are they about to shoot up again? Is the global economy on the brink of a recession or is the revival of the US economy going to boost world growth? Is inflation going to carry on falling or are prices going to go back up next year? In the midst of these uncertainties, the focus of the world is on India and...
