IEA forecasts India to lead global oil demand growth, rising by 1.3 million barrels per day between 2023-2030.

The International Energy Agency (IEA) forecasts India to lead global oil demand growth, rising by 1.3 million barrels per day between 2023-2030. India's oil consumption is expected to grow from 5.4 million barrels per day in 2023 to 6.7 million barrels per day by 2030, with road transport fuels playing a significant role. India's expanding economy, rapid vehicle growth, and increasing car ownership contribute to this growth.