+
IEA forecasts deceleration in India's oil demand growth by 2024
OIL & GAS

IEA forecasts deceleration in India's oil demand growth by 2024

The International Energy Agency (IEA) anticipates a moderation in the growth of India's oil product demand by the year 2024. The forecast signals a shift in the trajectory of India's energy consumption patterns and reflects evolving dynamics in the country's economic and energy landscape.

According to the IEA, factors contributing to the deceleration include evolving energy policies, increasing adoption of renewable energy sources, and advancements in energy efficiency measures. The projections align with global trends as nations worldwide strive to balance energy demands with sustainability objectives.

While India continues to be a significant player in the global energy market, the IEA's outlook suggests a strategic transition toward more sustainable and diverse energy sources. The expected slowdown in oil demand growth indicates a maturing energy landscape, where considerations of environmental impact and long-term sustainability play an increasingly pivotal role.

This projection underscores the need for continued investment and policy emphasis on renewable energy infrastructure and efficiency measures. The evolving energy scenario presents both challenges and opportunities for India to navigate as it strives for a balance between meeting growing energy demands and embracing a greener and more sustainable future.

The International Energy Agency (IEA) anticipates a moderation in the growth of India's oil product demand by the year 2024. The forecast signals a shift in the trajectory of India's energy consumption patterns and reflects evolving dynamics in the country's economic and energy landscape. According to the IEA, factors contributing to the deceleration include evolving energy policies, increasing adoption of renewable energy sources, and advancements in energy efficiency measures. The projections align with global trends as nations worldwide strive to balance energy demands with sustainability objectives. While India continues to be a significant player in the global energy market, the IEA's outlook suggests a strategic transition toward more sustainable and diverse energy sources. The expected slowdown in oil demand growth indicates a maturing energy landscape, where considerations of environmental impact and long-term sustainability play an increasingly pivotal role. This projection underscores the need for continued investment and policy emphasis on renewable energy infrastructure and efficiency measures. The evolving energy scenario presents both challenges and opportunities for India to navigate as it strives for a balance between meeting growing energy demands and embracing a greener and more sustainable future.

Related Stories

Gold Stories

Next Story
Real Estate

Elevate Homes to Develop Premium Project in Gurugram

Elevate Homes, the integrated residential development platform established by Hines and Conscient Infrastructure, will develop a premium residential project in Sector 63A, Golf Course Extension Road, Gurugram. Spread across 10.5 acres with around two million sq. ft. of saleable area, the project is planned for launch later in 2026.Designed by global architecture firm Benoy, the development will feature globally inspired architecture, nature-led design and curated wellness-focused spaces. The project will offer more than 600 three- and four-bedroom residences, with a focus on liveability, susta..

Next Story
Real Estate

BPTP Skynest Wins Premium High-Rise Development Award

BPTP Limited has been recognised with the ‘Premium High-Rise Development of the Year’ award for its residential project BPTP Skynest at the Times Realty & Infrastructure Conclave 2026, held at Grand Hyatt, Gurugram.Located in Sector 80, Greater Faridabad, BPTP Skynest is designed as a premium high-rise residential development featuring contemporary architecture, thoughtfully planned homes and lifestyle-oriented amenities. The project comprises 504 residential units and incorporates biophilic design elements through 20 dedicated Sky Nests, landscaped green spaces integrated within the t..

Next Story
Real Estate

Dubai Buyers Seek Independent Property Transfer Services

Dubai’s property market is witnessing growing discussions around the role of independent transfer services, as some leading brokerages require buyers to pay conveyancing or sales-progression fees even when the service is managed within the same business group holding the seller’s mandate.The practice has gained attention as brokerage websites promote such services, while LinkedIn and Instagram profiles highlight dedicated sales-progression teams operating within agencies. Industry observers point out that the concern is not about the capability of in-house conveyancers but whether buyers s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code