OPEC cuts India’s 2026 oil demand growth forecast to 40,000 barrels per day
OPEC reduced its forecast for India's oil demand growth in 2026 to 40,000 barrels per day, down from 60,000 b/d previously. This adjustment reflects anticipated consumption driven by strong vehicle sales, manufacturing, and agricultural activity. The updated forecast underscores the evolving energy landscape as India continues to develop its economy.