India’s oil-demand growth set to outpace China, says Trafigura Group

Oil demand growth in India looks set to outpace China’s underlying gains this year, according to Trafigura Group.

“We would be constructive on Indian demand,” Chief Economist Saad Rahim said at APPEC by S&P Global Commodity Insights on Monday. “This year, Indian demand is set to outstrip China’s, if you exclude strategic stockpiling.”