The world’s third-largest oil importer, India, will be the biggest source of energy demand growth through 2050 in any scenario about government policies about the energy transition. However, India may not be as key a driver of global oil demand growth as previously thought. This was one of the messages in the BP Energy Outlook 2020 , in which the supermajor said that global oil demand may have already peaked last year as oil consumption may never recover to the pre-pandemic levels. India’s oil consumption may peak as soon as 2025 at round 6 million barrels per day (bpd), compared to 5.1 million bpd demand in 2018, according to two out of three scenarios BP has examined in its outlook—Rapid and Net Zero. In the third scenario, Business As Usual (BAU), BP assumes that government policies, technologies, and societal preferences will continue to evolve in a manner and speed […]