Opec India Growth
OPEC sees India's oil demand rising 3.4% in 2025, double the pace of China
India's oil demand is expected to grow at the fastest pace among major economies and double the rate of rise in China in 2025 and 2026, oil cartel OPEC said in its latest global outlook. India's oil demand is projected to rise from 5.55 million barrels a day in 2024 to 5.74 million bpd in 2025, up 3.39 per cent, helped by rising energy needs in the world's fastest growing economy. This is projected to further rise to 5.99 million bpd in 2026, growing at 4.28 per cent. The demand growth is higher than 1.5 per cent expansion projected in China's oil demand in 2025 and 1.25 per cent in 2026. But in absolute terms, the US will continue to be the biggest oil consumer with a demand of 20.5 million bpd in 2025, followed by China (16.90 million bpd in 2025 and 17.12 million bpd in 2026). India is the third largest consumer. The US is likely to see 0.09 per cent growth in 2025 and 0.6 per cent in 2026. Despite slower growth, OPEC expects global oil demand to rise by 1.3 million bpd in bot
 "OPEC sees India's oil demand rising 3.4% in 2025, double the pace of China")
Opec's share in India's annual oil imports rises after 8 year drop
India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed
 "Opec's share in India's annual oil imports rises after 8 year drop")
Opec cuts forecast for oil demand growth in again due to 'challenges'
In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month
 "Opec cuts forecast for oil demand growth in again due to 'challenges'")
Oil gains on expectations for higher demand as Middle East concerns rise
Opec's output fell last month by 50,000 bpd, indicating the voluntary cuts are having some effect
 "Oil gains on expectations for higher demand as Middle East concerns rise")
OPEC share of India's oil imports steadies after six-year slump
OPEC's share of India's oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the the past six years
 "OPEC share of India's oil imports steadies after six-year slump")
India on firm growth path with bold moves like note ban, GST: Opec
India is the world's third-largest oil consumer, During 2000 to 2015, imports from Opec nations increased from $2 bn to $140 bn
