The report highlighted that India will add nearly 2 million barrels per day (mb/d) to global oil demand during this period, making it the primary growth driver of the entire industry.
It said "India becomes the main source of oil demand growth, adding almost 2 million barrels per day (mb/d) to 2035".
This shift comes as China, which has historically been the engine of oil market growth, transitions towards electricity-driven energy usage.
This story is from the December 27, 2024 edition of The Business Guardian.
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This story is from the December 27, 2024 edition of The Business Guardian.
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