Oil Demand Inelastic: India Dollar Ban Proves $100 Floor Real
India's central bank bans spot dollar purchases for oil refiners, creating sovereign credit line for 5M bpd imports. Proves oil demand inelastic at $100/barrel…
Kingdom Exploration · Market Intelligence
Daily analysis of the forces moving crude — supply, geopolitics, and the numbers behind the headlines.
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India's central bank bans spot dollar purchases for oil refiners, creating sovereign credit line for 5M bpd imports. Proves oil demand inelastic at $100/barrel…
China's EV exports jumped 140% to 349,000 units in March 2026, yet oil prices remain near $100. The data reveals why oil demand stays inelastic despite…
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