India's Covid Crisis Saps Fuel Demand in Warning to Oil Recovery
India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery Bloomberg 1 hr ago Debjit Chakraborty and Saket Sundria (Bloomberg) -- India’s deadly second Covid-19 wave has brought an abrupt halt to its nascent recovery from the pandemic, with the resurgence expected to drag on fuel demand for weeks in a setback for the global oil market. The combined consumption of diesel and gasoline in April is poised to plunge by as much as 20% from a month earlier due to renewed restrictions, including a week-long lockdown in the capital New Delhi, according to officials from top...