Iran is planning a speedy increase in its oil output, a senior Oil Ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift U.S. sanctions that have seen it pumping far below capacity since 2018. Iran and the six powers have been in talks since April to revive a 2015 nuclear
India s fuel demand fell 1.5% y/y in May
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Cooking gas or liquefied petroleum gas (LPG) sales decreased 5.5% to 2.17 million tonnes, while naphtha sales surged 25.8% to 1.25 million tonnes
(Photo: Mint)
. Updated: 09 Jun 2021, 07:23 PM IST Reuters
Consumption of fuel, a proxy for oil demand, totalled 15.11 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed
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NEW DELHI :
India s fuel demand fell 1.5% in May compared with the same month last year.
Consumption of fuel, a proxy for oil demand, totalled 15.11 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
India'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.
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DUBAI: Iran is planning a speedy increase in its oil output, a senior Oil Ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift US sanctions that have seen it pumping far below capacity since 2018.
Iran and the six powers have been in talks since April to revive a 2015 nuclear deal that former US President Donald Trump exited three years ago, reimposing sanctions that have hit Iran’s economy hard by sharply cutting its vital oil exports.
“If sanctions are lifted, most of the country’s crude production will be restored within a month,” Farokh Alikhani, production manager of the National Iranian Oil Co. (NIOC), told the Oil Ministry’s SHANA website.