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India’s Oil Demand Growth Could Disappoint Market Bulls ...Middle East
India is overtaking China as the world’s biggest oil demand growth driver in a momentous shift in the oil market where China dominated growth in the past two and a half decades. While India’s growth rate is ahead of China’s, Indian volumes aren’t anywhere near the Chinese boom in consumption that began in the early 2000s. And they never will be. With the pace of Chinese growth decelerating and India’s accelerating, market bulls are correct to expect that India will lead demand growth numbers. But they could be disappointed…
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