Economy
OPEC Lowers India’s 2026 Oil Demand Growth Forecast to 40,000 Barrels Per Day
The Hindu2h
THE BRIEF
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OPEC lowered its forecast for India's oil demand growth in 2026 to 40,000 barrels per day, down from the 60,000 barrels per day projected in its September report.
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India's overall oil demand is expected to rise year-on-year to 5.7 million barrels per day in 2026, driven primarily by transportation fuels such as gasoline and diesel.
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OPEC also trimmed its global oil demand growth forecast for 2026 to 0.2 million barrels per day, while raising its 2027 global growth projection to 2.6 million barrels per day.