Fuel

The coronavirus pandemic has undermined road travel data, but anecdotal information points to fewer drivers likely to take to the road for Memorial Day weekend, AAA announced.

It’s going to take months for oil demand in the world’s third-biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown.

Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.

Gig-economy deliveries for groceries, alcohol and other goods look to be driving a nascent recovery in U.S. gasoline demand after the lowest plunge in almost 30 years.

Oil prices fell even as supply curbs tightened the market and demand rebounded with the reopening of major economies.

Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.

Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.

Like truck drivers, truck stops are struggling during the coronavirus pandemic. But they are still open, working to ensure drivers have the essentials they need.

Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.