Related Articles
Forward article link
Share PDF with colleagues

Indian oil-demand growth hits the road

Economic expansion and more drivers mean the country needs much more fuel

The International Energy Agency (IEA) expects India to drive global oil-demand growth between now and 2040, accounting for around a quarter of total consumption by then. The pace will accelerate next year, driven by surging passenger-vehicle sales and government initiatives to encourage use of cleaner cooking fuels. The country's total crude demand will rise by 400,000 barrels a day next year, reaching 4.8m b/d, according to consultancy Energy Aspects. This year, growth is expected to come in at 300,000 b/d. India consumed 4.1m b/d in 2015. The IEA is slightly less bullish, expecting around a 300,000 b/d rise both this and next year. Between April and August this year Indian oil-product co

Also in this section
Energy demand stayed low in 2016, as the fuel mix shifted towards cleaner energy sources
20 June 2017
China and India accounted for almost all the growth, says BP, and global emissions were flat for the second year in a row
The global oil-demand growth forecast for 2017 depends on a bumper Q4
15 June 2017
Either Q1-Q4 crude consumption will rise at its fastest pace since 2010, or the data are very wrong
The blockchain technology challenging the energy world
8 June 2017
As companies queue up to lend their financial support, the rise of this new innovation is unstoppable