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.
New IEA medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand.
Growth in the world's demand for oil is set to slow almost to a halt in the coming years, with the high prices and securit
Washington [US], July 6 (ANI): World oil prices plummeted on Wednesday (local time) and dropped below USD 100 a barrel for the first time since early May.
Bhaktapur [Nepal], Oct 20 (ANI): With festival of lights Tihar around the corner, manufacturers of clay potteries are finding it difficult to meet the high demand for oil lamps (diyas or palas), which are traditionally used for celebrations.
New Delhi [India], Nov.14 (ANI): The penetration of electrical vehicles (EV) is set to grow in the coming years and may reduce the growth in global oil demand, according to Rystad Energy at a seminar on India's challenges to achieve energy security held recently at the Norwegian Embassy.