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India’s crude imports in November reversed a declining trend to hit its highest level in 10 months as refiners build inventories in anticipation of higher runs, but analysts continued to keep a close eye on developments around the omicron variant of the coronavirus to see if it impacts inflows in the coming months. As average ...

India's fuel consumption fell in November after scaling a seven-month peak last month, government data showed on Thursday, as demand eased in the world's third biggest oil consumer after festival season.

Sales of gasoline, or petrol, were 0.7% lower from a year earlier at 2.65 million tonnes, while diesel sales slipped 7.6% year-on-year to 6.51 million tonnes, the data showed.

India’s gasoline output rose in October, with production hitting a seven-month high on robust local demand as driving activity accelerated, but a sense of cautious optimism prevails as the new COVID-19 variant omicron emerges worldwide, threatening to put brakes on this recovery, industry sources told S&P Global Platts. “The market is assessing the impact of ...

All eyes are on the upcoming OPEC+ meeting Dec. 1-2 following the announcement of the US SPR release as well as the risks brought about by the omicron variant of COVID-19. Germany’s coal phase-out law review and the world’s largest rice exporters are also in focus. 1. With a coordinated SPR release on the horizon ...

India’s large imports of LPG to meet festive-season demand in November have sparked heavy congestion at its ports, forcing some vessels to wait more than two weeks to discharge cargoes, VLGC fixtures from ship brokers showed, pushing freight to the highest in 10 months. “There are delays and congestion at the ports. We have been ...

India’s jet fuel demand is ready for take-off as the country plans to open its doors to international tourists and forms more air travel bubbles, while domestic travel has surged as the local COVID-19 situation has mostly stabilized, with the total number of doses administered in the world’s second most populous country crossing 1 billion. ...

1. Oil product cracks see support from demand, run cuts and low stocks What’s happening? Tighter fundamentals are supporting gasoline and diesel cracks in major hubs. Gasoline inventories are low in the Atlantic Basin, while distillate stocks are below average in all major hubs as heating season approaches in the northern hemisphere. Current backwardation in ...

A surge in LPG prices is now affecting even more people than before as the consumption of LPG has rapidly increased over the years in India.

Indian state refiners, bitten by surging crude prices, are working on a plan to jointly negotiate term crude import deals with the aim that pledging to buy larger volumes could potentially help to get relatively lower prices, Hindustan Petroleum Corp. chairman Mukesh Kumar Surana said on the sidelines of the India Energy Forum by CERAWeek. ...