Oil collapses to $0.01/barrel in New York: US Oil Benchmark

By on    Business, Corporate, Development, Economy, Hot Top 10 News, INT'L, Oil & Gas, USA  

Oil collapses to $0.01/barrel in New York: US Oil Benchmark

The soon-to-expire May contract for the U.S. oil benchmark was on track Monday to finish in single digits for the lowest close and biggest one-day plunge on record for a front-month contract, reflecting a growing glut of crude and a lack of storage space. Oil futures collapsed to below zero for the first time ever […]

fuels spike in demand due to lockdown for Humsafar’s diesel-at-doorstep service

By on    Business, Delhi News, Economy, Hot Top 10 News, National, Oil & Gas  

fuels spike in demand due to lockdown for Humsafar’s diesel-at-doorstep service

Hospitals, farmers, housing societies among biggest takers Coming to the rescue of hospitals, farmers, housing societies and hotels amid the lockdown is Humsafar, which delivers diesel at the doorstep. Sanya Goel, founder and Director of Humsafar, said the demand from bulk and stationed equipment users has increased since the lockdown began, mainly from hospitals, housing […]