The Economic Times

India to account for half of global oil demand growth over next decade: Rosneft CEO

Rosneft CEO Igor Sechin stated India will drive nearly half of global oil demand growth over the next decade, projecting consumption to reach eight million barrels per day by 2035. He highlighted Russian oil supplies' economic benefits to India and China, exceeding $40 billion since April 2022, and warned of food price hikes due to potential Strait of Hormuz disruptions.