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PETROLEUM INVENTORIES INCREASE
US wholesale inventories surge in JulyIn July, the United States experienced a notable spike in wholesale inventories, paving the way for anticipated economic growth in the thir...- Five-year fuel contract with Mauritius: IndianOil turns 25-year presence into strategic footholdIndia has signed a five-year fuel supply agreement with Mauritius under which IndianOil will meet the island’s entire import requirement of...
- India emerges as key diesel supplier to Europe as Russian, US flows falterIndia now supplies sixty percent of diesel transiting Bab-el-Mandeb to Europe. Russian diesel exports remain severely constrained due to on...
- BPCL says no decision to replace E20 with E10, as govt debates lower-blend option for older vehiclesBharat Petroleum Corp Ltd has clarified that there are no plans to switch from E20 petrol to E10 fuel. Discussions are currently taking pla...
- Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
- US refiners face historic stress test as global crisis loomsUS refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia. While this ...
- India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
- Red Sea blockade threat: Why India’s trade faces a wider supply-chain shockA prolonged disruption could force ships to reroute around the Cape of Good Hope, raising logistics costs while squeezing exporters and add...
- Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s whyThe Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...
- US consumer prices increase as expected in JulyU.S. consumer prices saw a slight increase in July, which could impact Federal Reserve rate decisions. Core inflation also gained marginall...
- US July CPI seen rising moderately, Fed rate outlook in focusUS consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this ...
- Why the US-Iran war continues to disrupt oil marketsThe oil market is witnessing unprecedented volatility amid the intensifying US-Iran hostilities. Iran's surprising maneuver to shut down th...
- Global Market: China bears the brunt of Asia’s crude oil demand cut as Middle East supplies shrinkChina is bearing the brunt of Asia’s crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude im...
- July thali costs rise as onions, oil and LPG get costlier: ReportHome-cooked thali costs increased in July due to higher onion and oil prices. Vegetable oil and LPG cylinder prices also saw significant ye...
- Oil prices rebound by more than $2 a barrel on prospect of tightening US crude suppliesOil prices increased significantly on Wednesday due to declining U.S. crude inventories. OPEC+ is expected to halt output increases startin...
- Tea, TVs, cars and apparel to get costlier in August as West Asia conflict fuels fresh price hikesConsumer goods makers will raise prices in August for the third time this year. Volatile raw material prices and higher freight rates are d...
- No ethanol in premium petrol; no plans to restore E0/E10 petrol: GovernmentPremium petrol grades will continue without ethanol blending, the government stated. No decision has been made to increase ethanol blending...
- Brent crude surges 4% to over $95 a barrel, nears 6-week high as conflict threatens key oil transit routesOil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U....
- Oil prices rise slightly after US announces new round of strikes on IranOil prices saw a slight increase as fears of supply disruptions grew. U.S. forces continued striking Iranian military targets for the eleve...
- E20 may lower mileage by 3-5% in some older vehicles, no widespread engine damage found: GovtE20 petrol may cause a slight fuel economy reduction in older vehicles. Extensive testing has not found widespread engine damage linked to ...
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