Demand for oil products in India through the October-December quarter is expected to get a boost from festivals, agricultural activities, recovering from a few months of subdued consumption because of excessive rains, according to S&P Global Commodity Insights.
The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.
India's oil product demand during October increased month-on-month by 113,000 barrels per day, supported by an uptick in economic activities in the post-monsoon season and the Diwali festival, acoording to S&P Global Commodity Insights.
New Delhi [India], October 14 (ANI): Citing eastimates by the International Energy Agency (IEA), Union Minister of Petroleum and Natural Gas (MoPNG) Hardeep Singh Puri on Friday said India will contribute a quarter (25 per cent) of the growth in global energy consumption in the coming two de
New Delhi [India], October 14 (ANI): India will be able to produce 25 per cent of its crude oil demand by 2030, Union Petroleum and Urban Affairs Minister Hardeep S Puri said on Friday.
New Delhi [India], September 15 (ANI): Growth in global crude oil demand continues to decelerate, weighed down by renewed Chinese lockdowns and an ongoing slowdown in the OECD region, global energy body International Energy Agency said in its latest report.