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INDIA'S OCTOBER OIL DEMAND UP 1.6% MOM: S&P GLOBAL
The Business Guardian
|November 09, 2023
India's oil consumption is predicted to increase by 258,000 barrels per day in 2023; this estimate was updated from the previous version
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S&P Global Commodity Insights reports that October saw a 1.6% month-over-month increase in oil demand in India and a 4% year-over-year increase due to the country's robust mobility during the festive season.
The demand for jet fuel increased to 177,00 barrels per pay in October, the highest level since March 2020, when COVID-19 was causing widespread concern.
Diesel consumption strongly rebounded during October and was higher by 14 per cent on the month and up by 9.3 per cent on the year after a lull in the July-September quarter.
Dit verhaal komt uit de November 09, 2023-editie van The Business Guardian.
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