Indian oil and gas demand supply (Business Opportunities - Marketing & Sales)

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Indian oil and gas demand supply


Indian oil and gas demand supply
Oil Demand and Supply in India Demand Domestic Consumption: India is the third-largest consumer of oil in the world, with consumption reaching around 5 million barrels per day (bpd) in recent years.The demand is driven by sectors like transportation, industry, power generation, and fertilizers. The rise of electric vehicles and renewable energy sources has had some effect, but oil demand is still expected to increase significantly. Imports: India is highly dependent on imports to meet its oil demand. More than 85% of its oil needs are imported, primarily from the Middle East, followed by countries like the USA and Russia. Oil is imported mainly through the Indian Ocean, making it vulnerable to geopolitical risks and
changes in global oil prices.


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Last Update : 07 January 2025 3:55 PM
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Item  Owner  : Indianpetroplus
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2025-01-09 (0.387 sec)