{"id":71791,"date":"2024-06-13T03:47:51","date_gmt":"2024-06-13T03:47:51","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/13\/india-will-be-main-driver-of-global-oil-demand-international-energy-agency-times-of-india\/"},"modified":"2024-06-13T03:47:51","modified_gmt":"2024-06-13T03:47:51","slug":"india-will-be-main-driver-of-global-oil-demand-international-energy-agency-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/13\/india-will-be-main-driver-of-global-oil-demand-international-energy-agency-times-of-india\/","title":{"rendered":"India will be main driver of global oil demand: International energy agency &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"267\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/msid-110952088,imgsize-234350,width-400,resizemode-4\/110952088.jpg?fit=400,267&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"India will be main driver of global oil demand: International energy agency &#8211; Times of India\" title=\"India will be main driver of global oil demand: International energy agency &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<p>NEW DELHI: India will become the main driver of global <!-- -->oil demand<!-- --> growth in the second half of the decade on the back of expanding <!-- -->transportation<!-- --> of fuel consumption, driven by rapid economic growth and growing population, the International Energy Agency (<!-- -->IEA<!-- -->) said on Wednesday.<br \/>The agency&#8217;s Oil 2024 report and forecast till 2030 saw India&#8217;s oil demand rising 1.3 million bpd (barrels per day ), or 3.2%, from 5.4 million bpd in 2023 to 6.7 million bpd by 2030.<!-- -->This increase will be higher than any country other than China between 2023 and 2030, it said. In contrast, the report said, &#8220;demand in China, long the single most important driver of <!-- -->global<!-- --> growth in oil use, is set to reach a plateau at close to 18 mb\/d (1.4 mb\/d higher than 2023) by the end of the decade.&#8221;<br \/>India&#8217;s oil consumption growth will be underwritten by increasing demand for transport fuels, growing economy and population besides &#8220;underlying demand outpacing deployment of clean energy technology&#8221;.<\/p>\n<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n  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