3min chapter

The HC Commodities Podcast cover image

Oil Supply & Demand in 2030 with Joel Couse

The HC Commodities Podcast

CHAPTER

Oil Demand in the Next Five Years?

I think in the coming five years we could be surprised on the upside for oil particularly when you look at the strength of growth in the Indian economy going forward. The Indian economy is targeting a Chinese-like development phase now in the next 10-15 years that will be very much like what happened in China between 2000 and 2015. So there's a very rapid change going on in India which will inherently develop fairly intense oil demand to accompany that change. On the Chinese side, while we have an economy that will probably slow down in terms of its growth, it will also be slowed in terms of energy consumption by the very rapid development of electric vehicles. We'll see two very different trends but probably

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