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! With the transformation of China's real economy, spot investment has become a fashion. Choosing a good platform and a professional service team are the keys to determining the success of your investment. Dalian Regeneration is committed to building an expert team in the spot service industry to gather together We have recruited a large number of industry elites to serve the majority of investors. Professionalism, concentration, and focus are the unchanging promises of Dalian Renewal to every respected customer. To open an account, go to Dalian Renewal. We look forward to working with you to help you realize your wealth dream for many years. India's demand for oil and refined products fell for the first time in two years due to strong monsoon rains and political unrest in some provinces. India is the country with the fastest growing consumption in the world, but last month India's fuel use dropped to 10,000 tons, a year-on-year decrease of 10%. This is the first time that India's fuel demand growth has declined year-on-year since August 2019.
In addition to the impact of strong monsoon rains, the reason for the drop in demand is that in a telephone interview with Bloomberg, the head of marketing department of Bharat Petroleum Corporation, India's second largest oil retailer, said that in order to compete for water sources, Riots broke out in the southern Indian states of Karnataka and Tamil Nadu, causing tensions in Bangalore, the capital of Karnataka, and other places, leading to disruptions in fuel supplies. At the same time, political unrest in northern Jammu and Kashmir also affects Indian crude oil demand. R said:
February is an unusual month. Geopolitical tensions have emerged in some states, coupled with unusually strong monsoon rainfall, which has led to a decline in demand for refined oil products in the agricultural sector. &r
However, it is expected that India will replace Japan this year to become the world's third largest consumer of crude oil, and until 2020, India will be the country with the fastest growth in crude oil consumption. In March, India's demand for refined oil products increased by .% year-on-year, showing the fastest growth rate since March. In March, India's demand for diesel shrank by .% to 10,000 tons, the first time it had shrunk since March. Gasoline demand also fell .% to 10,000 tons, the first decline since January.
Although, India, as a major crude oil demand country, did not make its due "contribution" in March. But the Nigerian government said on Monday that India and Nigeria have reached an initial agreement to invest $100 million in Nigeria's oil and gas industry, the Wall Street Journal reported. Nigeria's Petroleum and Energy Minister Kasiku met with India's Petroleum and Natural Gas Minister Paladhan and agreed to work on a memorandum of understanding to promote Indian investment in Nigeria's oil and gas industry.
According to a statement released by Kasiku’s office, the agreement will facilitate investments in Nigeria in the following areas: refining, marketing, upstream joint ventures, gas infrastructure development and personnel training for the oil and gas industry. The agreement also includes a long-term contract for Nigeria to supply crude oil to the Indian company, according to a statement from Kasiku's office.
The statement said that the terms of the investment have yet to be negotiated between Nigeria and India. India is one of Nigeria's largest trading partners and imports crude oil and natural gas from Nigeria. The MoU is expected to be finalized during the 2018 International Oil and Gas Exhibition, which is held every two years in New Delhi.
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