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Latest Articles in fuel demand

India's Fuel Demand Recovery To Continue As COVID-19 Restrictions Ease: Fitch

The recovery should support higher throughput at most oil marketing companies and strong prices are expected to improve the financial profiles of upstream oil and gas companies.

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Fuel Demand Rebound To Drive Earnings Of Oil Firms: Moody's

Demand for petroleum products in India declined substantially in April and May 2020 following a nationwide lockdown to control the spread of coronavirus.

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India's Fuel Sales Drop 9.4% In April On COVID Wave

India was under one of the world's severest lockdowns in April 2020, bringing to a halt almost all economic activity. Fuel sales had halved that month, plunging to the lowest since 2006.

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India's Fuel Demand At 11-month High In Dec

Fuel consumption, however, posted a month-on-month increase for the fourth straight month, helped by reviving transportation and business activity.

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Exxon Signals Up To $20 Billion Writedown To Overwhelm Fourth-Quarter Gains In Oil, Chemicals

The filing after the market closed on Wednesday showed Exxon expects higher prices will sequentially lift its oil and gas operating results by between $200 million and $1 billion.

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Indian Oil Corp's Crude Processing Rebounds To 100% Capacity In Nov

Local fuel demand - a proxy of oil consumption, in India has almost reached pre-Covid levels

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India's Fuel Demand Posts First Annual Growth Since Feb

Total demand for petroleum products rose 2.5 per cent in October to reach 17.77 million tonnes as compared to 17.34 million tonnes a year back

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Drop In Leisure Driving Stalls Global Recovery In Fuel Demand

In Germany, traffic is even lower, with visits to restaurants, cafés, shopping centers, theme parks, museums, libraries and cinemas falling by 12% last week.

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BP Swings Back To Small Profit, Refining Weighs

BP reported a $86 million profit for the three months to September 30, beating analysts' expectations of a loss of $120 million.

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Canada's Cenovus To Buy Husky For $2.9 Billion As Pandemic Drives Oil Mergers

Cenovus and Husky shares have lost 63% and 70% respectively this year, exceeding the Toronto energy index loss of 53%.

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Fitch Expects Marketing, Refining Volume Of Oil Firms To Fall 15% In FY21

India's fuel demand recovered sharply in June from April before slowing due to the reimposition of restrictions in certain cities because of coronavirus and flooding in some regions.

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India's September Fuel Demand Posts First Monthly Gain Since June

Consumption of refined fuels, a proxy for oil demand, rose 7.2% in September from the prior month to 15.47 million tonnes, the first monthly increase since June when demand rose to 16.09 million tonnes.

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India's Weak Fuel Demand Drags On As Virus Crisis Worsens

Sales of gasoline, or petrol, fell by 10.3% from a year earlier to 2.26 million tonnes, and were down 0.8% from 2.28 million tonnes in June.

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India's Fuel Demand Recovered Further In June

Demand for fuel plunged to 9.94 million tonnes in April, its lowest level since 2007 as stringent lockdown measures hammered economic activity, but it has since recovered by 64%.

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India's Fuel Demand Recovery Gathers Pace As Lockdown Eases

State retailers sold 24% more LPG in the first half of May from a year ago at 1.2 million tonnes.

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