Indian Oil Demand Grows Despite Higher Prices

India’s crude oil demand has been growing this year despite consistently higher prices, suggesting that it is more resilient to price rises than some expected. This is according to a Petroleum Economist report, citing data that showed an increase and analyst projections that suggest demand in the world’s second-biggest importer of oil is set for growth throughout the year. In order for demand to stop growing, prices would need to go much higher, the report suggested. The report confirms an earlier forecast by the International…