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SHIFTING OIL DEMAND: INDIA OVERTAKES CHINA
Orissa POST
|May 23, 2025
China drove global oil demand growth over the last decade, but now India is poised to take the lead in demand growth over the next decade, according to a latest report by Moody's Ratings.
China and India are No. 2 and No.3 oil consumers in the world. But there are notable differences in demand growth in the two countries.
"Demand growth and import reliance will be higher in India," Moody's said. "Demand will grow faster in India than in China over the next decade, as China's economic growth slows and penetration of new energy vehicles accelerates."
This story is from the May 23, 2025 edition of Orissa POST.
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