{"id":442656,"date":"2021-10-14T10:55:18","date_gmt":"2021-10-14T05:25:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442656"},"modified":"2021-10-14T12:26:34","modified_gmt":"2021-10-14T06:56:34","slug":"indias-oil-demand-to-rise-50-by-2030-against-global-expansion-of-7-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-oil-demand-to-rise-50-by-2030-against-global-expansion-of-7-report\/","title":{"rendered":"India\u2019s oil demand to rise 50% by 2030 against global expansion of 7%: Report"},"content":{"rendered":"<p>India\u2019s oil demand will rise 50% by 2030 as against a global expansion of 7%, the International Energy Agency (IEA) has forecast in its latest report.<\/p>\n<p>India\u2019s oil consumption is forecast to rise from 4.8 million barrels per day (mbd) in 2019 to 7.2 mbd in 2030 and 9.2 mbd in 2050, as per the IEA\u2019s key scenario based on stated policies. The projection shows the centrality of oil in the Indian economy over the next three decades and runs counter to BP\u2019s forecast last year that estimated the country\u2019s oil demand to peak in 2025.<\/p>\n<p>Under the IEA\u2019s stated policies scenario, the global oil demand will peak in 2030 at 103 mbd and stay unchanged until 2050.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s oil demand will rise 50% by 2030 as against a global expansion of 7%, the International Energy Agency (IEA) has forecast in its latest report. India\u2019s oil consumption is forecast to rise from 4.8 million barrels per day (mbd) in 2019 to 7.2 mbd in 2030 and 9.2 mbd in 2050, as per the IEA\u2019s key scenario based on stated policies. The projection shows the centrality of oil in the Indian economy over the next three decades and runs counter to BP\u2019s forecast last year that estimated the country\u2019s oil demand to peak in 2025. Under the IEA\u2019s stated [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-442656","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=442656"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442656\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}