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New global COVID cases just hit a record high (SPY -0.7%). Netflix stock down over 10% in late trading after quarterly results. Energy and financial sectors slide. The Market in Perspective Here are the headlines moving the markets. Why Dogecoin Wont Fall Into Bitcoins Energy Trap Dogecoin is ridiculous, and thats the whole point. The cryptocurrency that started out as a joke is now a meme come to very lucrative life, with nearly $50 billion worth of dogecoins in circulation today. In fact, ...

New coronavirus surge may upend fuel demand recovery SECTIONS Last Updated: Apr 19, 2021, 05:07 PM IST Share Synopsis After Maharashtra, Delhi and Rajasthan have imposed limited period lockdowns, which will impact travel and business activity. Other states have implemented curfews at different times of the day and of varying durations. Rising coronavirus infections, prompting a slew of local lockdowns across the country, are threatening to slow recovery in fuel demand as stronger containment me...

‘Recovery in fuel demand may be hit’ Updated: Updated: April 19, 2021 22:22 IST Diesel, petrol, jet fuel and LPG demand all declined in the first half of April from a month earlier and the trend is likely to worsen in the second half with more states imposing restrictions. Share Article AAA Diesel, petrol, jet fuel and LPG demand all declined in the first half of April from a month earlier and the trend is likely to worsen in the second half with more states imposing restrictions. Rising ...

New Covid surge may upend fuel demand recovery Top Searches New Covid surge may upend fuel demand recovery PTI / Apr 19, 2021, 17:27 IST FacebookTwitterLinkedinEMail Diesel, petrol, jet fuel and LPG demand all declined in the first half of April from a month earlier and the trend is likely to worsen. (Representative image) NEW DELHI: Rising coronavirus infections, prompting a slew of local lockdowns across the country, are threatening to slow recovery in fuel demand as stronger containment mea...

ONGC invites bids for KG basin gas Apr 14, 2021 10:45:am Summary The Indian company has invited offers for the sale of natural gas from the KGDWN-98/2 block for three to five-year terms. by: Shardul Sharma Posted in: ONGC invites bids for KG basin gas Indian state-run explorer ONGC has called on buyers to bid for natural gas from the deepwater fields of the KGDWN-98/2 block in KG basin off the east coast of India, according to a report published by The Indian ...

The Covid-19 pandemic is now bringing out the real impact it had on demand compression and economic activity in various sectors. Fuel consumption, an important barometer of the health of an economy, had shown contraction for the first time in two decades falling by a big margin of over nine per cent in FY21 as pandemic related lockdowns curbed economic activity and reduced the movement of goods and services across the country. According to oil ministrys Petroleum Planning and Analysis Cell (...

New Delhi: The Covid-19 pandemic is now bringing out the real impact it had on demand compression and economic activity in various sectors. Fuel

Indias fuel demand contracted by a massive 9.1 per cent in the financial year ended March 31, the first in more than two decades, as a stringent lockdown imposed to curb the spread of the pandemic pummelled economic activity, government data showed on Friday. India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the oil ministrys Petroleum Planning and Analysis Cell (PP...

India closed the financial year 2020-2021 with a nine per cent decline in total fuel consumption over the same period last year. This fall is primarily attributed to Covid-19 lockdowns induced slump in economic activities. According to data shared by the Petroleum Planning and Analysis Cell, India’s total fuel consumption stood at 194.63 million tonnes (mt) during the year under review, down from 214.13 mt a year ago. This is a four year low with 194.60 mt fuel consumption last reported in f...

Indias fuel consumption contracts 9.1 per cent in FY21; first since 1998-99 SECTIONS Last Updated: Apr 09, 2021, 08:55 PM IST Share Synopsis The demand contraction was led by diesel, the most-consumed fuel in India. Diesel consumption fell 12 per cent to 72.72 million tonnes while petrol demand shrank 6.7 per cent to 27.95 million tonnes. AFP Fuel consumption had halved in April last year following the imposition of the lockdown. Indias fuel demand contracted by a massive 9.1 per cent in the f...