Commodities Focus India Energy Week to seek answers on demand trajectory, oil diplomacy and upstream push
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Feb 5, 2025 Dave Ernsberger, Co-President at S&P Global Commodity Insights, shares his expertise on energy markets, while Ranjit Rath, Chairman and Managing Director at Oil India Ltd, discusses India’s upstream oil strategies. They delve into India's surging energy demand and its increasing importance in the global oil market, forecasted to surpass China's oil demand growth. The conversation highlights India's pivot towards Russian oil amidst geopolitical shifts, along with significant government reforms aimed at enhancing the upstream sector and attracting global investment.
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India's Role in Global Oil Demand
India will contribute more to oil demand growth than China by 2025. The oil industry must adapt its understanding of the market to include new economic factors affecting India.
Consider Weather and Economic Factors
Monitor the impact of weather and economic activity on oil demand in India. Understanding these factors is crucial for accurate market projections.
India's Upstream Sector Roadmap
India's upstream sector is undergoing significant reforms aimed at attracting global investment. Collaborative approaches in exploration and development are expected to enhance oil discoveries.