The Middle East's consumption of oil products from gasoline to jet fuel will add to pressures on global oil demand for this year as countries led by the energy-dependent Gulf region face economic slowdown, extended lockdowns and an oil p...  +

Oil market fundamentals have reached "horrifying" levels following the spread of the coronavirus pandemic, with global storage capacity expected to be exhausted by May, Opec's secretary-general told ministers at an emergency meeting on T...  +

Oil prices came under pressure on Monday on doubts that a record US-backed Opec deal to cut supply would be enough to rescue a market ravaged by the coronavirus pandemic.   Read Article  +

Oil demand in the world’s third-biggest consumer has collapsed by as much as 70% as India endures the planet’s largest national lockdown, according to officials at the country’s refiners.   Read Article  +

Oil demand in the world’s third-biggest consumer has collapsed by as much as 70% as India endures the planet’s largest national lockdown, according to officials at the country’s refiners.   Read Article  +

Oil prices came under pressure on Monday on doubts that a record US-backed Opec deal to cut supply would be enough to rescue a market ravaged by the coronavirus pandemic.   Read Article  +

Oil market fundamentals have reached "horrifying" levels following the spread of the coronavirus pandemic, with global storage capacity expected to be exhausted by May, Opec's secretary-general told ministers at an emergency meeting on T...  +

The world’s biggest lockdown has brought transportation of goods in India to a near halt, even though the federal government has exempted the sector from restrictions to halt the spread of coronavirus.   Read Article  +

The world’s biggest lockdown has brought transportation of goods in India to a near halt, even though the federal government has exempted the sector from restrictions to halt the spread of coronavirus.   Read Article  +

Indian refiners are taking advantage of cheap oil to bulk up its supplies even as every corner of the nation’s onshore storage tanks fill to the brim, according to Oil Minister Dharmendra Pradhan.   Read Article  +