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

15 Dec 2023 CW Team

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.

Building Material

08 Apr 2026

Jindal Aluminium Marks 56 Years of Industrial Leadership

Jindal Aluminium Limited has marked its 56th Inception Day, celebrating a legacy built on vision, resilience and manufacturing leadership. Founded in 1968 and incorporated in 1970 by Padma Bhushan Dr Sitaram Jindal, the company has grown into a major force in India’s downstream aluminium sector under the leadership of Pragun Jindal Khaitan.The company is India’s largest manufacturer of aluminium extruded products and the second-largest producer of aluminium flat-rolled products. With a turnover of around Rs 5,500 crore and a workforce of over 4,000, Jindal Aluminium continues to strengthen..

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..