OIL DEMAND

Saudi Aramco still aims for $15 billion investment in India’s Reliance

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers. State-owned ...

Saudi Aramco's profit plunges 73.4%, sees signs of oil market recovery

The world's biggest oil exporter said the rapid spread of COVID-19 globally had significantly reduced demand for crude oil, natural gas and...

Oil prices drop on fuel demand worries as coronavirus flares up

Denting fuel demand, cities from Manila to Melbourne are tightening lockdowns to battle new infections, while Norway has stopped cruise shi...

Oil prices toppled from rising streak as jump in COVID-19 cases stokes fuel demand fears

West Texas Intermediate oil was down 17 cents, or 0.4%, at $41.53 a barrel. The contract ended Tuesday trading 1.7% higher, its highest clo...

Oil prices slip on uncertainty over US recovery, stimulus

U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $41.93 a barrel at 0246 GMT, while Brent crude fell 6 cents, or 0.1%, t...

Oil giant BP reports $16.8 billion quarterly loss as pandemic ravages demand

BP plunged into a net loss of $16.8 billion in the second quarter, the British oil giant announced Tuesday, as the coronavirus pandemic rav...

Oil prices struggle to hold five-month high amid pandemic worries

U.S. West Texas Intermediate (WTI) crude futures were down 3 cents, or 0.1%, at $42.16 a barrel at 0148 GMT, while Brent crude futures rose...

Demand for diesel declines 12.5% over the previous month, petrol 1% lower in July

Sale of aviation turbine fuel (ATF) rose 3.8% in July from a month earlier but was down 65% from the July of 2019 due to the absence of int...

Domestic oil demand wouldn't return to normal in the near future: Indian Oil Chairman

Indian Oil sold 16.5 million tonnes of products, including exports, during the first quarter. The refining throughput was 12.9 million tonn...

Crude oil prices slide as virus surge weighs on demand outlook

U.S. West Texas Intermediate (WTI) crude futures were down 60 cents, or 1.5%, at $40.67 a barrel.

Saudis seen cutting oil price as fresh supply meets demand slump

Aramco is expected to cut the official selling price for its flagship Arab Light grade by 48 cents a barrel for September sales to Asia.

Oil prices bounce back from 3-week lows, but economic headwinds loom

OPEC+, a grouping of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively plan to increase production ...

Oil rises after surprise drop in US inventories offsets demand concerns

U.S. oil gained 14 cents, or 0.3%, to $41.18 a barrel, having dropped 1.4% in the previous session.

Indian Oil Corp to continue to operate its refineries below capacity in 2020/21

Indian Oil Corp Chairman S. M. Vaidya said refinery runs have declined to about 75% from 93% in early July on low fuel demand. He said the ...

End game for oil? OPEC prepares for an age of dwindling demand

The pandemic has prompted some officials in the OPEC to ask whether this year's dramatic demand destruction heralds a permanent shift and h...

Oil prices hit 5-month high as US crude stocks fall sharply

Brent crude was up $1.51, or 3.4%, at $45.94 a barrel by 11:13 a.m. ET (1513 GMT). West Texas Intermediate oil rose $1.52, or 3.7%, to $43....

Crude oil prices steady as demand concerns offset US stimulus hopes

Brent crude futures were unchanged at $43.41 a barrel at 0634 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 14 cents, or ...