- India is one of the fastest-growing oil markets in Asia in recent years.
- India’s oil demand took a bigger hit in the first half due to countrywide lockdown.
- India’s oil demand is expected to be down 115,000 b/d in H2.
- The whole year’s demand will be down by 405,000 b/d, year on year.
- India’s refinery runs in the second half of the year are expected to be 260,000 b/d lower.
- India’s exports of refined oil products fell 5.9%, year on year, to 4.4 million mt.
According to an article published in...
https://mfame.guru/indias-oil-demand-witnesses-a-slip-due-to-covid-19/