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As the energy sector braces for 2024, the experts underline the complex interplay of global oil dynamics and India s nuanced approach to a sustainable energy future, , energy and power, OPEC+ Deal, brent crude, inflation, china
The global demand for crude oil is expected to peak in 2030 at 112 million barrels per day, with India and Africa being major contributors, according to S&P Global Commodity Insights. The current global demand is at 103 million barrels per day. India and Africa are projected to drive an 8.73% increase in demand by 2030 due to increased industrial activities in the region, with growing use of clean cooking, automotive usage, and refinery setups in various economies.
India Business News: The global demand for crude oil is expected to see its peak in 2030 at 112 million barrels a day mark with India and Africa to be major contributors,