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Oil will return to a starring role in India

Platts Analytics expects India's oil demand in 2021 to recover to slightly above the level of 2019, with growth of 465,000 barrels per day in the year

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Markets | S&P Global Platts | Crude Oil Price

Paul Hickin  |  London 

Paul Hickin, Platts
Paul Hickin, associate director at S&P Global Platts

Oil will return to a starring role in India. The car-centric society is set to see oil demand bounce back strongly in 2021 helped by fiscal stimulus as it leaves Covid-19 in its rear-view mirror. Any shift away from the fossil fuel towards cleaner will be slow going.

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First Published: Mon, February 08 2021. 09:50 IST
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