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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Indian fuel consumption fell in November after reaching a four-month peak in October according to PPAC data.
- Total consumption in November fell by 2.8% to 18.72 million tonnes from 19.26 million tonnes in October.
- Diesel sales decreased by 1.4% m/m to 7.53 million tonnes.
- Gasoline sales in November were 0.4% lower than the previous month at 3.13 million tonnes.
- "The immediate outlook is for gasoline demand to drop back from Diwali peaks and trend around 850,000 barrels per day over the next 2-3 months." According to Kpler analyst Viktor Katona.
Source: PPAC via Reuters
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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