You Searched For "crude oil usage" and got 19 results
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1 min read
US oil production just hit a record high
US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million…
Kelly Cloonan
1 min read
Indian oil refiners are using China's yuan instead of the US dollar to buy Russian crude
In June, Indian Oil was the first state refiner to purchase Russian crude using the yuan, sources t…
Filip De Mott
2 mins read
The polar vortex may be affecting oil prices
Stocks gained by 1.3 million barrels in the week ended February 1, compared with analysts' expec…
2 mins read
Oil demand will get a bigger boost this year as Europe scrambles to burn crude to generate power instead of sky-high natural gas
"Natural gas and electricity prices have soared to new records, incentivising gas-to-oil switching …
Zahra Tayeb
3 mins read
The greenback is 'losing some influence' in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan
A larger volume of oil is now being transacted in non-dollar currencies such as the Chinese yuan, J…
Huileng Tan
2 mins read
Oil prices rise above $100 a barrel as Biden fails to secure an oil output deal with Saudi Arabia
Supply pressures are in play again as President Joe Biden left Saudi Arabia without any kind of ass…
Zahra Tayeb
1 min read
Oil is here to stay with global demand set to jump 23% to 110 million barrels a day by 2045, OPEC says
"Gas hydro, nuclear hydrogen and biomass will expand. But it is clear that oil remains an integral …
Zahra Tayeb
1 min read
After an impressive Q3, Jet Airways plans higher fleet usage
As the airliner beat the average, Jet Airways expects to almost double earnings per share from pres…
2 mins read
Over 100 companies including Microsoft, Unilever, and H&M say the EU should 'double down' on renewable energy to cut off Russian gas and coal
"At the core of the current energy security and price crises sits an overdependence on volatile, im…
Hannah Towey
7 mins read
The top energy stories of 2020 - and what to expect in the year ahead
Welcome to Insider Energy, Business Insider's weekly energy newsletter. Sign up to get it in your i…
Benji Jones
3 mins read
GAIL scouts for acquisition to augment renewable portfolio, to foray into hydrogen
"The global energy sector is witnessing a paradigm shift in recent years as the world is transi…
PTI
2 mins read
Chinese oil demand has reportedly almost rebounded to pre-pandemic levels
Gasoline and diesel are leading the oil recovery, as commuters are choosing to drive rather than us…
Saloni Sardana
3 mins read
Dow futures jump 450 points in global stock rally after the IEA says it could release more oil from inventories
The head of the IEA said it could release more oil from inventories to ease the gains in crude pric…
Shalini Nagarajan
2 mins read
Traders are using giant supertankers to store 160 million barrels of oil as the coronavirus torpedoes demand
60% more oil is being stored at sea in oil tankers than the previous record high during the 2009 fi…
Saloni Sardana
3 mins read
Oil Min pitches for inclusion of natural gas in GST
New Delhi, Jan 29 () Ahead of the Union Budget, the Oil Ministry has made a renewed pitch for inclu…
PTI
2 mins read
Covid-19: Indian Oil initiates rare protocol to keep fuel supplies running
"To keep our operations running, we have to ensure that crude oil is imported on regular basis, it…
PTI
2 mins read
Iraq reportedly plans to join the global oil war with prices already near 18-year lows
The price war kicked off in mid-March after Russia declined to cut production amid the coronavirus'…
Ben Winck
3 mins read
Iraq dethrones Saudi Arabia as India's No. 1 oil supplier
As for Saudi Arabia, which according to OPEC figures is adhering to the agreement whole heartedly, …
Elena Holodny
1 min read
The Number Of US Oil Rigs In Operation Just Fell Again
Recall that last week's release - also on a Monday - followed the latest manufacturing survey from …