World’s Third-Largest Oil Importer Sees Rebound In Demand ...Middle East

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World’s Third-Largest Oil Importer Sees Rebound In Demand
India's crude oil demand has been on the mend since mid-summer. It is likely to continue along this same vein for quite a while, with at least one refiner planning to boost refining capacity considerably. India, the world's third-largest oil importer, has become a key factor for oil prices because of its overwhelming dependence on imported crude. During the latest wave of Covid-19 infections in the country, oil demand suffered an expected slump. But now things are looking up. Reuters reported last month that in July, Indian refiners increased run…

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