May 22, 2025
India to Surpass China in Oil Demand Growth Over Next Decade: Moody's
India poised to lead global oil demand growth over China in the next decade, says Moody's Ratings. Differences in demand growth and import reliance outlined between the two nations. China's oil consumption expected to peak in 3-5 years, while India's annual growth projected at 3-5%. Indian NOCs face challenges in production growth compared to Chinese NOCs.