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Sunday, February 11, 2024

India's Expanding Trade Links


India to be largest global oil demand growth driver through 2030
https://asia.nikkei.com/Business/Energy/India-to-be-largest-global-oil-demand-growth-driver-through-2030
India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from top importer China, the International Energy Agency (IEA) said on Wednesday.
The world's third-largest oil importer and consumer is on track to post an oil demand increase of almost 1.2 million barrels per day (bpd) between 2023 and 2030, accounting for more than one-third of the projected 3.2 million bpd of global increases in the period, the IEA said in a report released at the India Energy Week in Goa.