DIESEL DEMAND GROWTH

Brent crude futures were down 30 cents, or 0.41 Percent , at $72.26 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36 Percent , at $68.45.

Oil prices dropped due to easing supply concerns and a disappointing stimulus plan from China. Investors had hoped for increased fuel demand from China. The stimulus package fell short of expectations, impacting oil consumption. U.S. storm concerns ...

Sales of hybrid and CNG vehicles in India are surging, outpacing the growth of pure electric vehicles. While new electric models are anticipated, challenges like charging infrastructure, insurance costs, and uncertainty about resale value are hinder...

India's diesel demand experienced stagnation in October, marking a potential shift in the nation's fuel consumption patterns. This slowdown, attributed to factors like a cooling economy and evolving consumer preferences, raises concerns for the glob...

India's economic growth slowed to 6.8% in July-September due to reduced consumption and investment amid heavy monsoon rains. Factors like lower diesel and electricity usage, slower vehicle sales, a global slowdown, and geopolitical tensions affected...

Global crude oil prices fell sharply as Israel's retaliatory strike targeted Iranian military sites instead of energy infrastructure. Despite brief spikes in oil prices due to regional tensions, ample supply and weak demand, particularly from China,...

OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group's third consecutive downward revision.

India, the world's third-largest oil consumer, saw oil consumption decline for the second month in September, influenced by a surprising drop in diesel demand. This trend adds pressure to global crude prices already impacted by weak Chinese demand. ...

Petrol sales in India saw a 2.8% increase in September year-on-year, while diesel fell by 2%, indicating an oil demand slowdown. LPG sales rose by 1%. The growth rates for these fuels in September were lower than the April-August averages. Jet fuel ...

Recent declines in crude oil prices have improved margins for state-owned fuel companies, allowing potential cuts in petrol and diesel prices by Rs 2-3 per litre. The price of imported crude oil averaged $74 per barrel in September, down from $83-84...

India's oil demand growth has nearly halved this financial year, with diesel sales stagnating. Diesel sales, which make up 38% of refined product consumption, have risen just 1%. High rainfall and lower power consumption contributed to the decline. ...

Petrol Diesel Price Cut: Indians may see relief in petrol and diesel prices if global oil prices remain low. State-run fuel companies may consider reducing prices if the global crude rates stay lower for extended period, Oil Secretary Pankaj Jain sa...

OPEC has reduced its forecast for global oil demand growth in 2024, now expecting a rise of 2.03 million barrels per day, down from 2.11 million bpd predicted last month. The group also lowered its 2025 estimate to 1.74 million bpd. Factors include ...

Chinese and Indian diesel markets are showing signs of a slowdown, potentially leading to weaker crude oil prices. In China, diesel demand is contracting, while in India, consumption growth has slowed significantly. This trend is impacting refiners'...

?So, those states will be benefited, but there will be some segments where the total input tax credit is not available, so there maybe the tax rate will be very critical to see at what rate GST will be applied on the gas.

?Total consumption totalled 19.99 million metric tons in June, up from 19.48 million tons last year, data showed.?? Demand was down 3.5% on a monthly basis from the 20.72 million metric tons consumed in May. Sales of diesel, mainly used by trucks an...

India, the third-largest oil importer globally, is set to drive oil demand growth according to the IEA. Forecasts predict a significant rise in consumption by 1.3 million barrels between 2023 and 2030, with India's demand exceeding China's. The nati...

India's fuel consumption in May increased due to strong industrial activity and elections, as per data from the PPAC. The country's oil demand and consumption trends are reflected in the data provided by the PPAC.

IEA forecasts slower global oil demand growth in 2024 due to mild winter and declining diesel car fleet in developed economies. China to lead demand gains in 2024 and 2025. Structural headwinds like rising vehicle efficiencies also impact demand.