The Crude Report: India’s demand reversal

After India’s total oil sales just returned to pre-Covid-19 levels in March, preliminary data suggests that total April demand could have declined by 1mn b/d in response to the tragic deterioration in the county’s Covid-19 situation. 

In this episode of The Crude Report, Argus’ vice president Alejandro Barbajosa and head of forecasting Francis Osborne discuss the impact on India’s oil sector and how it may affect global crude oil and refined products markets more widely.