Fossil fuel peak demand pushed to 2030s as oil rebounds; India emerges as growth engine
Fossil fuel peak demand pushed to 2030s as oil rebounds; India emerges as growth engine
Global oil demand reversed its predicted decline in 2025, with India emerging as a major consumption driver. This resurgence was fueled by delayed clean energy policies and geopolitical tensions, while India diversified its oil imports, notably from Russia, and expanded refining capacity. Stable oil prices provided fiscal relief for importers like India.
Global oil demand reversed its predicted decline in 2025, with India emerging as a major consumption driver. This resurgence was fueled by delayed clean energy policies and geopolitical tensions, while India diversified its oil imports, notably from Russia, and expanded refining capacity. Stable oil prices provided fiscal relief for importers like India.
Global oil demand reversed its predicted decline in 2025, with India emerging as a major consumption driver. This resurgence was fueled by delayed clean energy policies and geopolitical tensions, while India diversified its oil imports, notably from Russia, and expanded refining capacity. Stable oil prices provided fiscal relief for importers like India. 
