INDIA, the world’s third-largest oil consumer behind the United States and China, was meant to be a major driver of oil’s demand recovery as economies reopened. Demand for oil in the world’s third-largest oil market was expected to be above, or close to, pre-pandemic levels this year. The world’s biggest oil producers are starting to fret too. A slump in India’s oil demand will make that more difficult, forcing them either to delay opening the taps once again or risk undermining crude prices. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3

Source: The Star April 27, 2021 00:59 UTC