OPEC Predicts Surge in Share of Oil in India’s Primary Energy Demand

SEATTLE (Oil Monster): According to the Organization of the Petroleum Exporting Countries' (OPEC) 2025 World Oil Outlook Report, by 2050, the proportion of oil in India's primary energy demand is expected to significantly increase. In addition, it forecasts a steep drop in coal's proportion.

According to the OPEC research, during the next 25 years, coal's share of India's primary energy demand—which was 45.8% in 2024—may decrease to about one-third, or 29.6%.

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In the meantime, it is anticipated that oil will account for 31.1% of India's primary energy demand by 2050, up from 25.6% in the previous year. Additionally, the research stated that throughout this time, the percentage of gas will more than double from 5.6% to 11.6%. By 2050, it is anticipated that gas and oil will together supply almost 43% of the nation's major energy needs.

India's consumption for crude oil is predicted to peak by 2050, according to the analysis. It is anticipated that coal usage will peak around 2045. Between 2024 and 2050, the nation's energy consumption is predicted to quadruple, reaching 43.6 million barrels of oil equivalent per day (mboe/d).

According to the OPEC research, India's natural gas consumption is expected to rise from 1.2 mboe/d in 2024 to 5.1 mboe/d in 2050.