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Oil Demand

Crude sunflower oil futures rise on high demand

Crude sunflower oil futures rise on high demand

Mon, Aug 19, 2024

Crude sunflower oil prices rose by Rs 8.70 to Rs 892.30 per 10 kilograms in the futures market on Monday, driven by increased spot demand and active trading on the Multi Commodity Exchange. The August delivery contracts saw a 0.98% rise, with a significant business turnover.

"Oil Sector on the Rise: CLSA's Analysis of India's Growing Demand"

"Oil Sector on the Rise: CLSA's Analysis of India's Growing Demand"

Thu, Dec 14, 2023

Oil demand will remain strong in India, #Oil demand will not peak in India for the next 10 years CLSA confident of strong demand for oil, know complete details from Varun Dubey....

OPEC sees lower 2022 oil demand as economic growth slows

OPEC sees lower 2022 oil demand as economic growth slows

Fri, Aug 12, 2022

The Organisation of the Petroleum Exporting Countries (OPEC) has further revised down its forecasts for this year's global economic growth and oil demand, following a previous downward revision in May.

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OPEC cuts oil demand forecasts as economic growth slows

OPEC cuts oil demand forecasts as economic growth slows

Fri, Aug 12, 2022

Risks facing the world economy include ongoing geopolitical tensions and supply chain issues, the continued Covid-19 pandemic, rising inflation, high sovereign debt levels in many regions, and expected monetary tightening by central banks in the US, Britain, Japan and the Euro zone.

India's October fuel demand surges, gasoline sales hit record

India's October fuel demand surges, gasoline sales hit record

Wed, Nov 10, 2021

India`s fuel demand rose in October to a seven-month peak, with gasoline sales surging to an all-time high, government data showed on Tuesday, as festivals boosted mobility and economic activity in the world`s third biggest oil consumer.

Global vehicle sales to fall by 2040, but oil demand to rise, study predicts

Global vehicle sales to fall by 2040, but oil demand to rise, study predicts

Tue, Nov 14, 2017

Global vehicle sales will decline over the next two decades as consumers embrace on-demand ride services like Uber, but demand for oil will keep rising, according to a study released Tuesday.

Oil prices steady near two-year high as supply cuts bite

Oil prices steady near two-year high as supply cuts bite

Tue, Oct 31, 2017

Oil prices were steady to slightly firmer on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent crude to more than two-year highs above $60 per barrel.

Global oil supply may see potential shortage after 2020: IEA

Global oil supply may see potential shortage after 2020: IEA

Tue, Mar 07, 2017

Developing countries account for all of the growth and Asia dominates, with about seven out of every 10 extra barrels consumed globally.

Price cuts push up petrol demand marginally in July

Price cuts push up petrol demand marginally in July

Fri, Aug 12, 2016

According to data released by Petroleum Planning and Analysis Cell, demand for petroleum products that are majorly decontrolled, including petrol, naptha, dropped to 10.52 million in July 2016 as against 11.33 million in June 2016—lowest in the current fiscal.

IEA cuts oil demand forecast on Brexit impact

IEA cuts oil demand forecast on Brexit impact

Thu, Aug 11, 2016

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

Oil takes breather from losses but oversupply concerns remain

Oil takes breather from losses but oversupply concerns remain

Tue, Aug 02, 2016

Global fuel inventories are brimming as refineries have churned out huge volumes of diesel, gasoline and jet fuel but the supply glut has diminished profit margins and demand has been unable to keep up with supply.

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