With 6% growth, India to surpass China as fastest growing oil market in 2018: Moody’s


Despite the weakening growth numbers in both these countries, China and India will continue to be the key growth engines for the sector in Asia, representing over 80 per cent of the expected growth in 2018, says a report by Moody’s.  This is possible as Chinese demand growth is seen halving to 2.5-3 per cent in 2017-18 from a higher 6 per cent in 2016-16.  Quoting the American energy information administration projections, the report said the demand for petroleum products in the Asia Pacific will rise a modest 2 per cent or 0.7 million barrels per day in to 34.6…

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