“India’s oil demand is falling off a cliff, as the whole nation has come to a standstill,” said Senthil Kumaran, an oil markets consultant at Facts Global Energy. “Demand for key oil products should shrink by 53% year-on-year to just 1.8 million barrels a day in April...
The report mentions that the sustained economic growth in the country will increase energy demand in the area. In this regard, it suggests that the gas and oil sector of India should expand refining capacity and increase oil production simultaneously.Haldis...
These regions were identified as the “key sources of incremental [oil] demand in the coming years”, OPEC said in its 2024 World Oil Outlook report released on 24 September. “India alone will add 8 million barrels/day to its oil demand during the fo...
“Gasoline has already crossed the pre-COVID-19 levels, and diesel too is edging towards pre-COVID-19 levels. The festive season would give a further boost to the demand,” Vaidya told Platts during the India Energy Forum by CERAWeek. Indian oil-product demand grew by 7.2% month ...
While China’s demand for palm oil has somewhat eased in recent years amid the country’s economic hiccup, India (which is another giant Asian economy) is showing strongly growing appetite for palm oil. Currently, India is the world’s biggest importer of palm oil. Dangers of Palm Oil ...
The Organization of the Petroleum Exporting Countries (OPEC) expects India's oil demand to increase by over 150 % to 10.1-mn barrels per day by 2040 from around 4-mn barrels per day currently. Crude oil supply from non-OPEC countries is unlikely to impact the OPEC, and it will continue ...
India's consumption of refined products, a proxy for oil demand, contracted sharply in the first half of May, reflecting the impact of Covid-19 lockdowns (IOD May11'21). Consumption of products in the world's third largest oil consuming nation is expected to remain weak for the rest of...
The Joint Ministerial Monitoring Committee (JMMC), which monitors Opec+ deal compliance, recommended sticking to the plan to gradually increase the collective output ceiling in May-July, despite surging cases raising the possibility of cuts to India's demand outlook. Opec+ members were contacted for...
In order to quantify the demand elasticity of China's imported crude oil, a long-run stable relationship is estimated among the crude oil import, income and crude oil prices by the autoregressive distributed lag (ARDL) bound testing approach over the period 1999-2009. Empirical results show that...
India is an oil-poor countries, the oil is mainly imported annually spend about 70 percent of foreign exchange earnings to import oil. For this, we have introduced fuel-efficient trucks, to face the market demand in India. 翻译结果2复制译文编辑译文朗读译文返回顶部 翻译结果3复制译文编辑译文朗读...