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gasoline

Oil prices rise over 3pc

Oil prices rise over 3pc

NEW YORK: Oil prices rose more than 3% on Wednesday, boosted by a huge drop in US fuel inventories and expectations...
Published 04 Mar, 2021 04:58am
India sees fuel demand seen rebounding in year to March 2022
Markets

India sees fuel demand seen rebounding in year to March 2022

  • Higher expectation of fuel consumption, a proxy for oil demand, points to a sharp recovery in industrial activity in the economy hit hard by the pandemic.
  • India's economy returned to growth in the three months to December with its gross domestic product rising 0.4% compared with the same period a year earlier.
Published 02 Mar, 2021 07:05pm
US retail sales rebound strongly in January amid additional stimulus
World

US retail sales rebound strongly in January amid additional stimulus

  • Retail sales surged by a seasonally adjusted 5.3% last month, the Commerce Department said on Wednesday.
  • Further gains in sales are expected in the months ahead. The US Congress is considering President Joe Biden's $1.9 trillion recovery plan, which will include an additional $1,400 checks to households.
Published 17 Feb, 2021 08:56pm
RLNG is no panacea
Opinion

RLNG is no panacea

It is increasingly getting clear that RLNG has issues of irregular pricing and there are other supply chain issues...
Published 17 Feb, 2021 04:24am
Asia Naphtha/Gasoline-Naphtha crack slips; gasoline demand seen to firm up
Markets

Asia Naphtha/Gasoline-Naphtha crack slips; gasoline demand seen to firm up

  • The naphtha crack dipped to $107.15 per tonne from $108.88 per tonne on Monday. It has surged about 77% in the last two months.
  • Naphtha flows into Asia this month was provisionally estimated around 5.6 million tonnes, down from January's of 6.2-6.3 million tonnes, Refinitiv oil research assessments showed.
Published 09 Feb, 2021 05:11pm
US retail sales fall again in December
World

US retail sales fall again in December

  • Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
  • The report followed in the wake of news last week that the economy shed jobs in December for the first time in eight months.
Published 15 Jan, 2021 07:46pm