India is quickly running out of space to store a swelling stockpile of fuel as every possible container — including those in the 66,000 pump stations nationwide — threatens to Continue Reading
As parts of India’s economy started reopening in a phased manner this week, electricity demand was expected to pick up. But official data reveals a surprise drop. Electricity consumption during the Continue Reading
Oil storage is about the only thing in demand in the crude market right now. The coronavirus pandemic has obliterated consumption and forced producers and traders to store more oil Continue Reading
India has laid out plans for the gradual reopening of its economy, which will permit some manufacturing, agricultural work and other activities to resume on a limited basis after April Continue Reading
India’s move to extend a countrywide lockdown in its battle against the coronavirus pandemic will not only create more hurdles for trade flows, but also would prompt refiners to cut Continue Reading
If India experiences the same kind of outbreak that better-prepared nations are struggling to manage, the South Asian giant soon could find itself with millions of deaths and a ravaged Continue Reading
India will be under lockdown for nearly three more weeks A day after extending a nationwide lockdown, India has relaxed restrictions on farming, banking and public works, but transport services Continue Reading
India extended on Tuesday a nationwide lockdown for its 1.3 billion people until May 3 as its prime minister warned of economic sacrifices to save lives as the number of Continue Reading
Singapore — India’s jet fuel consumption in March fell 29.86% month on month to 484,000 mt, the lowest in over five years, amid demand destruction on account of a nationwide Continue Reading
India extended its countrywide lockdown until May 3 in its battle against the coronavirus pandemic, a move that would prompt refiners to cut runs further and offer more oil product Continue Reading
