India will lead global oil demand by 2030 due to economic growth; demand will remain high till the end of this decade

IEA: The International Energy Agency (IEA) said that global oil demand is expected to increase by 2.5 million barrels per day (bpd) by the end of this decade. Thus, the total demand for oil will increase to 105.5 million bpd by 2030. Barring any major disruption in the crude market, supply will remain good till the end of this decade.

  Business