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Month: May 2020

  • 18
    May

    India’s fuel demand recovers in May

    The diesel and petrol sales by state oil companies have fallen by 28% and 47.5%, respectively, in the first fortnight of May from a year earlier, according to industry executives. New Delhi: India’s fuel demand is recovering fast in May after falling at a record pace in April following the easing...

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  • 18
    May

    A month after negative oil prices, US crude contract expiry looms

    The extent of the damage that the coronavirus pandemic had inflicted on the oil industry came into focus on April 20, when the US benchmark WTI contract plunged to minus $38 a barrel NEW YORK: A month after sellers had to pay nearly $40 a barrel to get rid...

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  • 16
    May

    Explained: Why the govt had to inject money into the power sector

    The primary trigger is the poor financial condition and revenue collection abilities of most state discoms. Part of the package announced by Finance Minister Nirmala Sitharaman Wednesday (May 13) was a Rs 90,000-crore liquidity injection into power distribution companies (or discoms). The move is aimed at helping the discoms...

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