Oil Demand
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Major Oil Supply Surplus Likely By 2030, Says International Energy Agency
The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday.
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White Collar Hiring Improves As Demand Rises In Banking, FMCG Sectors: Report
Major sectors such as Oil and Gas (14 per cent), Banking (12 per cent) and FMCG (17 per cent) notched up healthy growth, while healthcare and travel and hospitality, each showcased a robust 8 per cent growth, said the report.
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Iran Attack On Israel: Crude Oil Futures Decline On Low Demand
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 113 or 1.57 per cent to Rs 7,074 per barrel with a business volume of 6,469 lots.
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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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India's Crude Oil Imports Edge Higher In December
India's crude oil imports rose in December on firm demand, data from Petroleum Planning and Analysis Cell (PPAC) showed on Monday.
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Iran's Khamenei Asks Muslim Countries To Cease Oil, Food Exports To Israel
Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.
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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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From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply
In addition to causing spikes in electricity demand as people fire up air conditioners, the scorching temperatures have led to a spate of disruptions at oil refineries.
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India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
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India Poised For World-Beating Growth, Government Adviser Says
India's strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the Finance Ministry.
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Why Russia Favours Indian Market Despite China's Surging Oil Demand
While China could "buy literally the entire Russian oil exports" as it abandons Covid-zero policies, Russia will want to keep the Indian market because it is more lucrative.
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Adani Wilmar Quarterly Profit Up 16% On Higher Demand For Oil
Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar Group, said revenue from the edible oil business, its largest, climbed nearly 4% on the festive and wedding demand.
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Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
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Oil Rises On China Demand Optimism, Russian Supply Concerns Amid Sanctions
Oil prices rose in early trade on Thursday, building on gains in the previous session as China's demand outlook improves and concerns rise over the impact of sanctions on Russian supply.
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Oil Prices Rise On Tight Fuel Stocks As Winter Storm Hits
The falling stockpiles come as demand for heating oil is set to soar with a powerful winter storm hitting the United States, with sub-zero wind chills expected as far south as Texas.
-
Major Oil Supply Surplus Likely By 2030, Says International Energy Agency
The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday.
-
White Collar Hiring Improves As Demand Rises In Banking, FMCG Sectors: Report
Major sectors such as Oil and Gas (14 per cent), Banking (12 per cent) and FMCG (17 per cent) notched up healthy growth, while healthcare and travel and hospitality, each showcased a robust 8 per cent growth, said the report.
-
Iran Attack On Israel: Crude Oil Futures Decline On Low Demand
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 113 or 1.57 per cent to Rs 7,074 per barrel with a business volume of 6,469 lots.
-
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.
-
India's Crude Oil Imports Edge Higher In December
India's crude oil imports rose in December on firm demand, data from Petroleum Planning and Analysis Cell (PPAC) showed on Monday.
-
Iran's Khamenei Asks Muslim Countries To Cease Oil, Food Exports To Israel
Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.
-
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.
-
From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply
In addition to causing spikes in electricity demand as people fire up air conditioners, the scorching temperatures have led to a spate of disruptions at oil refineries.
-
India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
-
India Poised For World-Beating Growth, Government Adviser Says
India's strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the Finance Ministry.
-
Why Russia Favours Indian Market Despite China's Surging Oil Demand
While China could "buy literally the entire Russian oil exports" as it abandons Covid-zero policies, Russia will want to keep the Indian market because it is more lucrative.
-
Adani Wilmar Quarterly Profit Up 16% On Higher Demand For Oil
Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar Group, said revenue from the edible oil business, its largest, climbed nearly 4% on the festive and wedding demand.
-
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
-
Oil Rises On China Demand Optimism, Russian Supply Concerns Amid Sanctions
Oil prices rose in early trade on Thursday, building on gains in the previous session as China's demand outlook improves and concerns rise over the impact of sanctions on Russian supply.
-
Oil Prices Rise On Tight Fuel Stocks As Winter Storm Hits
The falling stockpiles come as demand for heating oil is set to soar with a powerful winter storm hitting the United States, with sub-zero wind chills expected as far south as Texas.
