{"id":584614,"date":"2023-06-15T11:02:01","date_gmt":"2023-06-15T05:32:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584614"},"modified":"2023-06-15T12:33:40","modified_gmt":"2023-06-15T07:03:40","slug":"india-to-overtake-china-in-oil-demand-growth-by-2027-iea-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-to-overtake-china-in-oil-demand-growth-by-2027-iea-report\/","title":{"rendered":"India to overtake China in oil demand growth by 2027: IEA report"},"content":{"rendered":"<p>The growth in demand for oil in India will overtake that in China by 2027, said a report by the International Energy Agency (IEA) on Wednesday.<\/p>\n<p>&#8216;Oil 2023&#8217;, the multilateral agency\u2019s outlook for the next five years, said China\u2019s demand will fall consistently from 2024 after a massive rise this year. The United States, China, and India are the world\u2019s three largest oil consumers in that order.<\/p>\n<p>IEA raised its forecast for world oil growth demand to 2.4 million barrels per day in 2023, after the Chinese economy rebounded towards growth faster than expected. China will in 2023 account for nearly 60 per cent of global growth in oil demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The growth in demand for oil in India will overtake that in China by 2027, said a report by the International Energy Agency (IEA) on Wednesday. &#8216;Oil 2023&#8217;, the multilateral agency\u2019s outlook for the next five years, said China\u2019s demand will fall consistently from 2024 after a massive rise this year. The United States, China, and India are the world\u2019s three largest oil consumers in that order. IEA raised its forecast for world oil growth demand to 2.4 million barrels per day in 2023, after the Chinese economy rebounded towards growth faster than expected. China will in 2023 account for [&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":[135,130,169],"tags":[],"class_list":["post-584614","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584614","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=584614"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584614\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}