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.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..