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Global Oil Demand Surges Driven by Indian Market Rebound
Market Intelligence Analysis
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Why This Matters
Global oil demand increased by 677,000 barrels per day in October from September and by 2.4 million bpd compared to last year, driven by a rebound in India's product demand.
Market Impact
Market impact analysis based on bullish sentiment with 78% confidence.
Sentiment
Bullish
AI Confidence
78%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Global oil demand jumped in October from the previous month and from October last year amid a rebound in India’s product demand, the latest data by the Joint Organizations Data Initiative (JODI) showed on Thursday. Oil demand increased by 677,000 barrels per day (bpd) in October from September, according to the most recent data self-reported by 48 countries to JODI. Compared to last year, global oil demand rose by 2.4 million bpd in October, the data showed. China reported total product demand falling by 150,000 bpd and crude…
Original article published by
OilPrice.com
on December 18, 2025.
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