India to be largest oil consumer by 2050: British economist
British economist Spencer Dale has predicted that India will surpass all countries in oil consumption by 2050. He said that this will be more than 12% of global energy consumption. While Indian oil demand is currently 5.4M barrels per day, it will reach 9.1M bpd by 2050. He also said that natural gas consumption will double. Meanwhile, India is currently the third largest oil importer and consumer.
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