India and the Oil Market: It is Not That Bullish Either

Just like China, the US, and Japan, India’s oil ivnetories are rising (with 6 charts)

Recently we posted a note on China entitled:  China and the Oil Market: It is not that Bullish!  Today we are posting this short note to show that India’s oil consumption is slowing down too.  In fact we noticed the same pattern: Imports increased, growth is vertually flat, exports are struggling, and inventories are increasing.