Commodities Buzz: India's crude oil demand recovers in Sep-26 after five consecutive months of declines
Mumbai, Nov. 12 -- OPEC stated in its latest monthly update that In September 2026, India's oil demand recovered to grow by 110 tb/d, y-o-y, after five consecutive months of y-o-y declines. The y-o-y increase in September stems from demand for all products, except petrochemical feedstock requirements for LPG and naphtha. Regarding specific products, demand for the 'other products' category, mostly bitumen and petroleum coke led the increase by 120 tb/d, y-o-y, up from a 140 tb/d, y-o-y, decline seen the previous month. While bitumen increased by 17.2%, y-o-y, petroleum coke inched up by 5.2%, y-o-y. Demand for diesel increased by about 90 tb/d, y-o-y, although this was below an increase of 100 tb/d, y-o-y, seen the previous month. Diesel wa...
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