India is set to drive nearly half of global oil demand growth by 2035, with consumption projected to reach eight million barrels per day, according to Rosneft CEO Igor Sechin.
India will drive 50% of global oil demand growth by 2035, reaching 8 million barrels daily (+44%). Hormuz supply vulnerabilities and energy cost volatility threaten data center expansion and IT infrastructure investment economics across Asia.
India's oil consumption could reach nearly eight million barrels per day
Jun 07, 2026
03:35 pm
What's the storyIgor Sechin, the CEO of Russian oil giant Rosneft, has predicted that India will account for nearly half of the global increase in oil demand over the next decade.
Speaking at the St Petersburg International Economic Forum, Sechin said India holds a "special place" in the world oil market.
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