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Crude Oil Demand to Surge Globally by 2027 with India Playing a Vital Role
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CNBC Awaaz•17-10-2026, 15:00
Crude Oil Demand to Surge Globally by 2027 with India Playing a Vital Role
- •Global oil demand is projected to increase by 2.4 million barrels per day in 2027, reaching 108.2 million barrels per day.
- •India and other Asian countries are expected to drive a major portion of this upcoming growth in global oil demand.
- •OPEC estimates that global economic growth will remain strong at 3 percent in 2026 and 3.2 percent in 2027.
- •India's economic growth rate is estimated at 6.6 percent in 2026 and 6.5 percent in 2027, supporting energy demand.
Key Questions Answered
According to OPEC, global oil demand is projected to increase by 2.4 million barrels per day in 2027, rising to an average of 108.2 million barrels per day.
India and other Asian countries, along with China and West Asia, are expected to play a key role in driving global oil demand growth in 2027.
Total capital expenditure on global oil and gas exploration and production is estimated to decline by about 2 percent in 2026 before rebounding with a 6 percent increase in 2027.
