India's Energy Super Status
Now #1 in Oil, Coal and Population Growth
๐๐๐๐ฉ ๐๐๐ช๐๐๐ฉ ๐ข๐ฎ ๐๐ฉ๐ฉ๐๐ฃ๐ฉ๐๐ค๐ฃ? India will lead both coal & oil consumption growth in 2025, according to data from the IEA and EIA.
๐๐๐ฎ ๐๐ฉ ๐ข๐๐ฉ๐ฉ๐๐ง๐จ? India, now the worldโs most populous nation (a title it claimed in 2023) and the leading driver of growth in oil and coal consumption, is emerging as the new engine of global energy demand.
With distinct priorities, alliances, and demographics, Indiaโs influence on energy markets will diverge from Chinaโs, reshaping expectations for commodity prices, energy security, and emissions policies. All at at time when the US energy landscape also looks set to change with the incoming administration.
Over the next four years, which transition will be more dramatic for global energy markets? Trump or India?
๐ฟ๐๐ฉ๐๐๐ก๐จ:
โขย ย As of December 2024, India holds the position of the world's most populous country, with an estimated population of approximately 1.451 billion people.
โข Over 2024 and 2025, India accounts for 25% of total oil consumption growth globally, according to the EIA.
Figure 1 | Annual Change in World Liquid Fuels Consumption (2022-2025)
โข For 2025 Indian coal consumption is expected to rise by 41.73 Mt in 2025, versus a decline of 48.74 Mt in China, according to the IEA.
Figure 2 | Changes in coal consumption by country, 2023-2025
