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Latest Articles in fuel demand
Fuel Consumption Rises In August On Strong Manufacturing
Total consumption in August, a proxy for oil demand, totalled 18.57 million metric tonnes, up 2.5 per cent from 18.11 million tonnes in July
Read MoreFuel Demand Slows Due To Monsoon Rains: Report
Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods
Read MoreFuel Demand In May Increases By 8% Month-on-month
Sales of gasoline rose 16.4 per cent to 3.35 million tonnes and sales of diesel increased around 5 per cent to 8.22 million tonnes in May from the previous month
Read MoreIndia's Fuel Demand Hits 10-month Low In September
The total monthly demand in September fell 3.6 per cent from August 2022, although on a year-on-year basis it was up 8.1 per cent
Read MoreIndia's Fuel Demand Continues To Fall In August As Monsoon Sets In
The arrival and intensity of monsoon weigh heavily on diesel demand in the country and consumption traditionally is lower in July-September than in April-June
Read MoreMonsoon Rains Dampen India's July Fuel Demand
Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods, preliminary sales data shows
Read MoreOil Slides As Renewed China COVID Curbs Temper Fuel Demand Outlook
Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections as the highly infectious BA.5.2.1 subvariant appears in the country
Read MoreFuel Sales In March Surge Past Pre-Pandemic Levels In India
In the first two weeks of March, dealers, as well as the public, topped up their tanks in anticipation of an increase in prices that had been on hold in the run-up to the elections in states like Uttar Pradesh
Read MoreIndia's Fuel Demand Expected To Grow 5.5% Next Fiscal: Govt Estimates
India's fuel demand is likely to grow 5.5 per cent in the fiscal year beginning April 1 as economic activity picks up after devastation caused by the pandemic
Read MoreIndia Expects Fuel Demand To Grow 5.5% In The Next Fiscal Year
Local demand for gasoline, used mainly in passenger vehicles, is expected to rise by 7.8% to 33.3 million tonnes, while gasoil consumption was slated grow by about 4% to 79.3 million tonnes, the data showed.
Read MoreIndia'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.
Read MoreFuel 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.
Read MoreIndia'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.
Read MoreIndia'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.
Read MoreExxon 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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