BP Bombshell: India’s Oil Demand May Peak In 2025

The world’s third-largest oil importer, India, will be the biggest source of energy demand growth through 2050 in any scenario about government policies about the energy transition. However, India may not be as key a driver of global oil demand growth as previously thought. This was one of the messages in the BP Energy Outlook 2020, in which the supermajor said that global oil demand may have already peaked last year as oil consumption may never recover to the pre-pandemic levels.   India’s oil consumption may peak as soon as 2025…