Betul (Goa): India will overtake China as the biggest driver of global oil demand in 2027 as transportation and industry consumption in the world’s fastest-growing major economy will drive growth despite a big push for clean energy and electrification, the International Energy Agency said on Wednesday.
The Paris-based agency in a special Indian Oil Market Outlook to 2030 report released at the India Energy Week here, said the country’s oil demand will rise from 5.48 million barrels per day (bpd) in 2023 to 6.64 million bpd in 2030.
China currently is the biggest driver of oil demand and India ranks No.2 in growth.
