India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights. In the first 10 months of 2024, India’s oil demand climbed 180,000 barrels per day (bpd), a 3.2% year-on-year rise, compared…