Page 2 - Dylan Sim News Today

India Oil Demand: Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen from 2021 to 2023, according to Rystad Energy Head of Oil Trading Mukesh Sahdev. The drop will return growth near the pace seen from 2011 to 2019, he said. The International Energy Agency, meanwhile, sees growth halving to 100,000 barrels a day, according to its November report.

Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.

Asia, led by China and India, is rapidly advancing in the electric vehicle (EV) market with significant infrastructure development.

India has found 5.9 million tonnes of lithium reserves in Jammu and Kashmir provinces, the country's first major discovery.

Top oil firms are expediting their transition plans to alternative business lines.

The rapid take-up of electric vehicles in Indias fledgling market has prompted a major rethink about the countrys long-term fuel needs as refiners in Asias third-largest economy hasten their shift

The faster-than-anticipated electric vehicles growth means Indias gasoline consumption will peak sooner than previously thought

By Mohi Narayan NEW DELHI (Reuters) - The rapid take-up of electric vehicles in India's fledgling market has prompted a major rethink about the countr...

By Mohi Narayan

Asian refiners are shipping growing volumes of gasoline to the United States as demand soars