India’s oil demand to peak later than in other major economies: Report

India’s refined crude demand will peak later than in other major economies, placing the country in the spotlight driving this demand. According to S&P Global Commodity Insight in a note, said while alternative fuels are gradually shifting energy consumption patterns away from fossil fuels, the fossil fuel usage will remain significant in the foreseeable future.

India, Sri Lanka see weak bunker fuel demand in November

Bunker markets in Mumbai saw a fall in demand for bunker fuels due to the inconsistency in availability of supplies at the port, while despite plentiful supplies, traders across Sri Lanka said the drop in the number of ship calls reduced the total bunker demand at the port, India Shipping News reported, citing Platts data.

Fuel consumption in India rises by 1.9% in July

India’s fuel consumption, a proxy for oil demand, rose by 1.9% year-on-year in July to about 18.09 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Fuel demand was still down about 6.6% from the previous month, when demand stood at 19.36 million tonnes. There is a seasonality

Mediterranean biofuels demand to increase after 2025

Demand for biofuels for bunkering in the Mediterranean could be driven up in 2025 by the region becoming a sulphur oxide Emission Control Area (ECA) and vessels in EU territorial waters having to pay for 70% of their CO2 emissions. The International Maritime Organisation (IMO) starting 1 May 2025 will require that vessels traveling in

Demand for green jobs increasing in India: Foundit

Metropolitan cities saw a substantial increase in green job postings.

Shell upgrades oil and gas assets amid demand for refining profits

Shell said that surging demand for oil products that had almost tripled refining profits in the second quarter would boost earnings by up to $1.2 billion. The increased refining margin is expected to boost the division’s earnings by $800 million to $1.2 billion in the second quarter compared with the first quarter. The upgrade will