|
|
Article: India's oil demand not behind spike in crude prices: Deora.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 3, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
India's oil demand not behind spike in crude prices: Deora
By Ammar Zaidi
Madrid, July 3 (PTI) India today trashed the western commentary that rise in demand in countries like itself and China was fuelling global oil prices, saying the two countries account for less than one-eighth of the world's consumption.
"With steadily declining energy intensity, both (China and India) are registering rapid economic growth with less than proportionate increase in oil demand," he said, addressing the 19th World Petroleum Congress here.
Market analysts and political commentators, particularly in the US, have in recent times blamed growth in fuel ...