Free Trial

Indian Oil Demand Showing Growth: OPEC

ENERGY

The latest available data for March 2022 show an increase of 0.2 mb/d y-o-y for Indian oil demand according to the latest OPEC monthly report:

  • Spurred by the recovery in mobility, an increase in construction activity and rising industrial sector requirements, diesel demand increased by 0.1 mb/d, or 6%, y-o-y.
  • Gasoline demand rose by 46 tb/d y-o-y while LPG demand rose by 84 tb/d y-o-y, recording a 9% y-o-y increase.
  • Jet kerosene demand grew by only about 7 tb/d y-o-y, while naphtha demand witnessed a 46 tb/d y-o-y contraction due to rising prices.

To read the full story

Close

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.