Industry

Bitumen demand in January-November totalled 7.14mn t, up from 6.98mn t in 2020 and 6.8mn t in 2019. Consumption rose despite recent Covid lockdowns and delays from monsoons in infrastructure and road construction. India had announced a strong push for infrastructure development …

Benchmark US crude oil for February delivery rose $1.61 to $79.46 a barrel Thursday. Brent crude for March delivery rose $1.19 to $81.99 a barrel. Wholesale gasoline for February delivery rose 1 cent to $2.30 a gallon. February heating oil …

In a major relief for thousands of unorganized sector polyvinyl chloride (PVC) pipe manufacturers in India, the Ministry of Environment, Forest & Climate Change (MoEF&CC) is considering exempting the mandatory requirement of the Bureau of Indian Standards (BIS) quality norms …

OPEC and its non-OPEC allies, known collectively as OPEC+, decided to raise its output target by 400,000 barrels per day from next month. The move had been broadly expected given U.S. pressure to boost supply and no major new Covid …

Oil prices were flat on Tuesday ahead of a meeting where major producers are expected to stick to plans to add supply in February, as soaring COVID-19 cases have yet to spark lockdowns in the biggest fuel-consuming countries. Brent crude futures …