India is likely to increase worldwide oil demand by almost 2 million barrels daily by 2035.
This growth will be fueled by its rising population, expanding cities, and economic progress, positioning India as a major force in the oil market. On the other hand, China’s oil use, particularly for cars, is expected to drop because of more electric vehicles being used and efforts to cut pollution.
This could result in too much oil being available globally. Also, better fuel efficiency, alternative energy sources, and eco-friendly transport projects might lower the need for oil in passenger cars by 2030. These changes highlight the challenges in the global oil market.
