India’s November oil products demand jumps

摘要

November rose 12% year on year to 16.6 million mt, or 4.35 million b/d, latest provisional data from the Petroleum Planning and Analysis Cell showed. November was the second straight month of positive growth in products demand, largely driven by higher demand for transport fuels. “Half of the November 2016 demand growth was due to higher petrol/diesel sales, which had been elevated, as fuel stations continued accepting old high-denomination currencies,” said a Credit Suisse report Wednesday.