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India's increasing oil demand: S&P Global Commodity Insights
The Business Guardian
|December 30, 2024
India is ending 2024 with its oil demand growth rate surpassing neighbouring China's, a trend expected to spill over to the next year, according to S&P Global Commodity Insights.
"India will be the leading driver, along with Southeast Asia and other parts of South Asia, of the region's future oil demand growth," said Kang Wu, global head of macro and oil demand research at S&P Global Commodity Insights.
"In 2025, India is forecast to deliver a relatively faster growth in oil demand of 3.2 per cent, compared with China's 1.7 per cent," Wu added.
In the first 10 months of 2024, China's oil demand rose 148,000 barrels per day or 0.9 per cent year-over-year, lagging India's 180,000 barrels per day or 3.2 per cent year-over-year growth, S&P Global Commodity Insights data showed.
Cette histoire est tirée de l'édition December 30, 2024 de The Business Guardian.
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