oil demand
Russia Remains Top Oil Source For India, Despite Red Sea Woes
National News

OPEC Eyes Regaining Dominance In Indian Oil Imports

OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of its supplies, the producer group’s head told Reuters, after its dominance was recently eroded by competition from discounted Russian oil. The share of oil from the Organisation of the Petroleum Exporting Countries (OPEC) imported by […]

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Oil Prices Spike On Geopolitical Tensions: Middle East Clashes, Ukraine War Stoke Supply Concerns
International News

Global Oil Prices Surge Over 2% Amidst Geopolitical Tensions

Oil prices witnessed a robust start to the New Year, surging over two per cent in the first trading session. The spike was attributed to potential disruptions in Middle East supply chains following the recent attack on a container ship in the Red Sea. Brent crude rose by USD 1.72, or 2.2 per cent, reaching […]

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Oil Prices Spike On Geopolitical Tensions: Middle East Clashes, Ukraine War Stoke Supply Concerns
National News

India’s Oil Demand Surges In October, Highest Jet Fuel Consumption Since March 2020

Demand for oil grew by 1.6 per cent month over month in October in India and 4 per cent year over year as mobility remained strong amid festivities, according to S&P Global Commodity Insights. Jet fuel demand rose to 177,00 barrels per pay in October, the highest consumption recorded since March 2020 when the world […]

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