Edition:
India

Stephanie Kelly

China drives global oil demand recovery out of coronavirus collapse

5:26pm IST

BEIJING/NEW YORK/TOKYO China's oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns.

U.S. temporarily to allow certain impurities in hand sanitizer

8:16am IST

NEW YORK The Trump administration said this week it will temporarily allow some impurities in alcohol-based hand sanitizer to ensure access to the product during the coronavirus pandemic, reversing course after having tightened restrictions in April.

U.S. to temporarily allow certain impurities, like benzene, in hand sanitizer

02 Jun 2020

NEW YORK, June 2 The Trump administration said this week it will temporarily allow some impurities in alcohol-based hand sanitizer to ensure access to the product during the coronavirus pandemic, reversing course after having tightened restrictions in April.

Oil steady; U.S.-China tensions weigh, possible output cuts support

02 Jun 2020

NEW YORK Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts.

Oil prices climb, bolstered by ongoing supply curbs

27 May 2020

NEW YORK Oil prices rose on Tuesday, supported by signs that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.

Biofuel group urges U.S. government to reject retroactive waiver requests

23 May 2020

NEW YORK A U.S. biofuel trade group asked the Trump administration on Friday to deny requests from refiners seeking retroactive biofuel blending waivers after an Energy Department official said the department will review such "gap-filings."

Oil falls on China-U.S. tensions, energy demand doubts

23 May 2020

NEW YORK Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.

EPA draft would lift US biofuel blending mandates slightly in 2021 - sources

20 May 2020

The U.S. Environmental Protection Agency has proposed lifting the amount of biofuels that refiners must blend into their fuel next year to 20.17 billion gallons, from 20.09 billion this year, according to two sources familiar with the details of an agency draft proposal.

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