According to the report ‘Oil 2023’ by the International Energy Agency, the growth in demand for oil in India will overtake that in China by 2027. As per the data shown by the report, China’s demand will fall consistently from 2024 after a massive rise this year. The United States, China, and India are the world’s three largest oil consumers in that order. IEA raised its forecast for world oil growth demand to 2.4 million barrels per day in 2023. India’s oil demand is expected to grow by 1 million barrels per day (b/d) by 2028 while growth in Chinese oil demand to shrink from 2024 onwards. Meanwhile global oil demand at 102 million b/d in 2023 & overall global oil demand growth to peak in 2028 at 105 million b/d.
Which Indian company recently made history by exporting the country's first GI-tagged fig juice to Poland?
Which CPSE has received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat & will contri...
What is the primary function of the Gaganyaan Service Module Propulsion System (SMPS) tested by ISRO?
One Nation Corporate Card has been launched with the ability to function as a National Transit Card, enabling cardholders to travel throughout India on ...
Union Minister Dr Mansukh Mandaviya inaugurated Fertilizer Association of India (FAI) Annual Seminar 2022 at which of the following city?
According to the data provided by the Ministry of Consumer Affairs, Food & Public Distribution, how much amount in Lakh Metric Tons (LMT) of sugarcane w...
Under which Article of the Indian Constitution is 'Public debt of the State' listed in the State List?
National Statistical Office (NSO) has released the second advance estimates of national accounts. The GDP growth rate projection as per NSO for 2021-22 ...
Consider the following statements regarding the April trade deficit in India:
Statement 1: The trade deficit was primarily driven by a significan...
Who has become the first unseeded female player to win the Wimbledon Grand Slam?
