India could see real growth in oil demand next year ...News

Russia Today - Economy
India could see real growth in oil demand next year
source : Russia Today ( News ) () 88
Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics. With weakened demand caused by an economic slowdown, a slump in new vehicle sales, and flooding during monsoon season, the growth number is expected to come in at a meagre 120,000 b/d in 2019. S&P Global Platts expects India's oil demand to grow by 170,000 b/d next year. Economic growth is expected to pick up next year, as the Reserve Bank of India is cutting interest rates, which is also expected to support oil demand. Diesel has been hardest hit by the slowdown, prompting refiners to search for buyers of their su

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