International Energy Agency says India's oil demand will be driven by diesel/gasoil requirements in contrast to the rest of the world, where EV boom will lead to lower demand.
According to the report released at the India Energy Week (IEA) 2024 in Goa, India is on track to lead an increase in oil demand of nearly 1.2 million barrels per day.
Fatih Birol said that, since India has abundant renewable energy capacity, the country should not miss the opportunity to become a superpower in the green hydrogen business.
The plunge in consumption at the world’s third-biggest crude consumer will weigh on sentiment on oil prices and damp expectations for a strong global demand rebound in the summer.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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