India to drive global oil demand growth till 2050 as IEA revises forecast upward
The International Energy Agency (IEA) has predicted that global oil consumption could rise till 2050, with India taking the lead in growth in demand over the next decade.
The Paris-based energy watchdog’s observation is a departure from 2024, when it had forecasted that oil demand may plateau or fall by the end of this decade. The agency in its ‘current policies scenario’ said consumption may rise by 13 per cent till the middle of the century.
