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India to be Largest Driver of Global Oil Demand Growth by 2030: IEA.

Ranks & Reports | Dated: 03 Feb 2026

According to a report by the International Energy Agency (IEA) released at India Energy Week, India is projected to become the largest driver of global oil demand growth between 2023 and 2030. India is expected to overtake China as the primary source of growth.

🎯 Key Highlights:

  • India's oil demand is expected to rise by 1.2 million barrels per day during this period.
  • The report is titled "Indian Oil Market Outlook to 2030".
  • Rapid urbanization and industrialization are key factors.

💡 Other Important Facts:

  • Report: Oil Market Outlook.
  • Prediction: India Top Driver.
  • Year: By 2030.

📚 Test Your Knowledge:

According to the IEA report, which country will become the largest driver of global oil demand growth by 2030?

Correct Answer: India

🚀 Quick Recap:

About IEA

  • HQ – Paris, France
  • Exec Director – Fatih Birol