Oil demand fell 11.3% to 15.11 million tonnes compared to the previous month and was down 1.5% from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed
India s Fuel Demand Hits 9-Month Low In May 2021 Amid COVID-19 Restrictions Petrol, Diesel Sales In May 2021: Sales of petrol, increased by 12.4 per cent from a year earlier, but fell about 17 per cent month-on-month to 1.99 million tonnes.
Updated: June 09, 2021 9:29 pm IST
State refiners daily petrol and diesel sales declined by about a fifth in May from a month earlier
The country s fuel demand slumped in May to its lowest since August last year with a second COVID-19 wave stalling mobility and muting economic activity in the world s third largest oil consumer. Oil demand fell 11.3 per cent to 15.11 million tonnes compared to the previous month and was down 1.5 per cent from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed on Wednesday.
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Russia Expands Its Influence In Major Iraqi Oil Fields Given the U.S.’s broad scaling-down of its on-the-ground operations in the Middle East over the past five years, a specific function of which is ExxonMobil’s intention to sell its stake in Iraq’s supergiant West Qurna 1 oil field, China and Russia have been busy in occupying the spaces left by the U.S., as OilPrice.com has been highlighting since the process began. Just a few days ago, Washington appeared finally to have caught up to what has been going on, with the Deputy Assistant Secretary of Defense, Dana Stroul, saying: “It’s… clear that certain countries and partners would want to hedge and test what more they might be able to get from the United States by testing the waters of deeper cooperation with the Chinese or the Russians, particularly in the security and military space.”