The dramatic escalation of Middle East tensions and the risk of higher oil prices will likely prevent a quick recovery in India’s oil products’ appetite, which is already at multiyear lows, as well as add to its fiscal pains at a time when the economy is witnessing feeble economic growth. Receive daily email alerts, subscriber notes & personalize your experience. Register Now It remains to be seen to what extent higher oil prices will impact domestic oil products demand and prevent an anticipated consumption recovery. But given the intensity of the situation, analysts said India needs to remain prepared with an alternative crude supply plan to cushion any potential disruption from the Middle East, which supplies roughly […]