Try GOLD - Free
Soaring Energy Demand Tied to Geopolitics
The New Indian Express Mangaluru
|August 14, 2025
INDIA'S oil and gas sector stands at a critical crossroads as soaring demand intensifies its dependence on imports, even as domestic production continues its steady decline.
According to Rubix Industry Insights' Oil & Gas, July 2025 report, India's energy appetite is poised to climb sharply—from 5.64 million barrels per day (bpd) in 2024 to 6.66 million bpd by 2030. That's a staggering one-third of the projected global demand growth over the period. But this growth is unfolding alongside shrinking domestic production, projected to fall from 700,000 bpd in 2023 to just 540,000 bpd by the end of the decade.
The upstream segment reveals troubling trends. Crude oil production dropped from 32.2 million metric tonnes (MMT) in FY2020 to 28.7 MMT in FY2025, driven largely by the ageing of India's oilfields and insufficient new discoveries.
This story is from the August 14, 2025 edition of The New Indian Express Mangaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Mangaluru
The New Indian Express Mangaluru
Sebi chief seeks CAs’ help for robust market system
SEBI chairman Tuhin Kanta Pandey has sought active cooperation of chartered accounts (CAs) to build a stronger financial market architecture with standardised complex valuations by ensuring that price assumptions are consistent, transparent, and welldocumented.
1 min
December 14, 2025
The New Indian Express Mangaluru
The Great Indian Aviation Robbery
The breakdown was not sudden, though it felt that way to those of us trapped in the glass-and-steel belly of Mumbai’s Chhatrapati Shivaji Maharaj International Airport that day.
4 mins
December 14, 2025
The New Indian Express Mangaluru
INDIA CHOKES AS POWER PLAYS ON
POWER & POLITICS
5 mins
December 14, 2025
The New Indian Express Mangaluru
AI changing creative landscape of Sandalwood
MUSIC is an integral part of cinema, so it is for Kannada cinema too.
1 min
December 14, 2025
The New Indian Express Mangaluru
CIRCLE OF LIFE BETWEEN MASS AND CLASS
N my five decades of life, I have seen my lifestyle oscillating between mass and class.
3 mins
December 14, 2025
The New Indian Express Mangaluru
Shivakumar will become CM on Jan 6: Congress MLA
KARNATAKA Deputy Chief Minister DK Shivakumar's aide and Congress MLA from Ramanagara Iqbal Hussain on Saturday said that Shivakumar will become the state's chief minister on January 6, 2026.
1 min
December 14, 2025
The New Indian Express Mangaluru
40-yr-old lynched to death in Bihar over religious identity
A 40-year-old man was lynched by a mob after ascertaining his religious identity in Bihar’s Nawada district, sources said on Saturday.
1 mins
December 14, 2025
The New Indian Express Mangaluru
BIG TECH RUSH TO BUILD CLOUD, AI INFRA IN INDIA
HERE is a sudden downpour of Big Tech investments in India.
3 mins
December 14, 2025
The New Indian Express Mangaluru
Shiprocket files for ₹2,342 crore public offering
E-COMMERCE enablement platform Shiprocket has filed for %2,342-crore initial public offering (IPO) with market regulator Sebi.
1 min
December 14, 2025
The New Indian Express Mangaluru
Tax dept intensifies action against fake deductions
THE tax department has intensified its action against bogus claims of deductions and exemptions under the Income Tax Act, using a data-driven approach to identify suspicious filings and intermediaries facilitating tax evasion.
1 min
December 14, 2025
Listen
Translate
Change font size