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Oil Consumer


'Oil Consumer' - 29 News Result(s)

  • India's Fuel Demand Up 10% In September

    India's Fuel Demand Up 10% In September

    The world's fastest growing oil consumer used 16.25 million tonnes of petroleum products in September as compared to 14.78 MT in the same period a year ago, according to data released by the oil ministry.

  • Fuel Demand Falls The Most In Over 14 Years

    Fuel Demand Falls The Most In Over 14 Years

    Consumption of fuel, a proxy for oil demand in the world's third biggest oil consumer, totalled 15.75 million tonnes in August, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday.

  • India Imports Petrol, Diesel From China

    India Imports Petrol, Diesel From China

    India imported 18,000 tonnes of petrol and 39,000 tonnes of diesel in the first nine months of the current fiscal year, Oil Minister Dharmendra Pradhan said in a written reply to a question in the Rajya Sabha.

  • ONGC-HPCL Merger: Talks Begin At Ministerial Level

    ONGC-HPCL Merger: Talks Begin At Ministerial Level

    The merger is likely to help the world's third-largest oil consumer better compete with global majors in acquiring foreign assets.

  • Oil Prices Hit Three-Month Low As US Rig Count Climbs

    Oil Prices Hit Three-Month Low As US Rig Count Climbs

    The slump in prices has occurred as more rigs are deployed to look for oil in the United States and as crude inventories in the US, the world's biggest oil consumer, have surged to a record.

  • Oil Prices Firm As Abu Dhabi Cuts Exports Amid Soaring Asian Demand

    Oil Prices Firm As Abu Dhabi Cuts Exports Amid Soaring Asian Demand

    In India, Asia's No.2 oil consumer behind China, fuel demand rose 12.1 per cent in November compared with the same month last year, hitting 16.64 million tonnes (4.07 million bpd).

  • US Crude Down 3% After Big Stockpile Build Report

    US Crude Down 3% After Big Stockpile Build Report

    Oil prices tumbled on Wednesday, with US crude falling more than 3 per cent, after an unexpectedly large inventory build in the world's biggest oil consumer renewed worries about oversupply.

  • India Surpasses Japan In Oil Use, Next Only To US, China: BP

    India Surpasses Japan In Oil Use, Next Only To US, China: BP

    India has surpassed Japan to become the world's third largest oil consumer, with its oil demand galloping 8.1 per cent in 2015, according to BP's Statistical Review of World Energy released on Wednesday.

  • Oil Hits One-Month Low on Unexpected US Demand Drop

    Oil Hits One-Month Low on Unexpected US Demand Drop

    Oil prices slipped to a one-month low on Tuesday after a surprise fall in gasoline demand in the United States, the world's largest oil consumer, and doubts whether oil producers can agree an output freeze to dampen a global supply glut.

  • China Crude Oil Imports Hit Record Amid Global Price Rout

    China Crude Oil Imports Hit Record Amid Global Price Rout

    China's crude oil imports hit a record 7.82 million barrels a day (bpd) in December, customs data showed, as the world's No.2 oil consumer took advantage of low crude prices to fill strategic reserves, but also increased its exports of refined fuels to an all-time high.

  • Oil Nears 6-Year Low on Japan Data, Oversupply

    Oil Nears 6-Year Low on Japan Data, Oversupply

    Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world's third biggest oil consumer, contracted in the second quarter.

  • Fuel Demand In June Up 2.83%

    Fuel Demand In June Up 2.83%

    Local oil product sales, a proxy for domestic oil demand in the world's fourth-largest oil consumer, rose to 14.4 million tonnes in June, data posted on Petroleum Planning and Analysis Cell (PPAC) website showed.

  • India's May Iran Oil Imports Hit Highest Since March 2014: Report

    India's May Iran Oil Imports Hit Highest Since March 2014: Report

    India, the world's fourth biggest oil consumer and Tehran's top client after China, shipped in 367,900 barrels per day (bpd) of Iranian crude in May in nine vessels, up 39 per cent over April, according to preliminary data from trade sources and a report compiled by Thomson Reuters Oil Research and Forecasts.

  • India Makes First Crude Oil Purchase for Strategic Reserve: Report

    India Makes First Crude Oil Purchase for Strategic Reserve: Report

    India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of a round of purchases by the world's fourth-biggest oil consumer to build up emergency stockpiles.

  • Global Oil Glut Set to Grow as China Slows Crude Imports

    Global Oil Glut Set to Grow as China Slows Crude Imports

    China's purchases to fill its strategic petroleum reserves (SPR) had been one of the main drivers of Asian demand since August of last year, with the No.2 oil consumer taking up cheap crude to fill its tanks despite slowing economic growth.

  • State Oil Refiners Seek Flexible Deals to Tap New Markets

    State Oil Refiners Seek Flexible Deals to Tap New Markets

    India, the world's fourth-biggest oil consumer with refining capacity of 4.3 million barrels per day, imports 80 per cent of its crude needs and has traditionally relied on the Middle East for heavy oil supplies and West Africa for lighter, sweet crude.

  • Brent holds above $109 as China data meets forecast, Ukraine supports

    Brent holds above $109 as China data meets forecast, Ukraine supports

    A downturn in factory activity in the world's second-biggest oil consumer was expected - the fourth straight month of contraction - but analysts also saw initial signs of stability due to government efforts to underpin growth.

  • Brent edges up to $111, but weak China data drags

    Brent edges up to $111, but weak China data drags

    Factory growth in China - the second largest oil consumer - slowed in late 2013, although the purchasing managers' indexes published by the government and HSBC remained above 50 for December, indicating business activity is still expanding.