Report: Indian oil demand will increase by 8 million barrels per day by 2050
An economic report expected that Indian demand for oil would increase by 8 million barrels per day by 2050.
The “Oil Price” platform indicated The international report – in its report – indicated that India had significantly increased its imports of Russian oil at reduced prices, complemented by deals with Venezuela and Guyana.
The report expected that India would reap some important benefits in the energy field from the presidency of US President-elect Donald Trump.< /p>
India is the hottest oil market in the world at the present time, as Chinese demand growth is declining from its highest levels after the epidemic and the Indian economy is moving forward and India is still heavily dependent on hydrocarbons like the rest of the world. The world.
The announced energy policy that Trump will pursue by expanding drilling is a prominent approach in the energy industry as it could open certain doors for India and enhance the security of its supplies of crude oil.
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