India’s Faltering Oil Demand Sets The Tone For Middle East Producers

India’s COVID travails have become the main talking point when it comes to Asian crude demand, once again pushing out the timeline of things finally settling down. China is gradually coming out of its planned maintenance, OPEC+ have already started to bring back part of the 2.1mbpd halted output that they committed to, in addition the United States and Europe are making strides in their vaccination roll-outs, however against all of the above developments it was the debilitation of India that has resonated the most with Middle Eastern oil…