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Rising COVID-19 cases dampens India’s oil demand

India’s petroleum consumption forecast has been revised downward by the U.S. Energy Information Administration (EIA) due to the rapid increase in COVID-19 cases in India, which has led to various travel restrictions. These travel restrictions have resulted in lower domestic consumption of transportation fuels such as gasoline and diesel, according to the EIA. In the […]

The post Rising COVID-19 cases dampens India’s oil demand appeared first on F&L Asia.

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