India’s oil consumption is expected to increase by 4% to 5.8 million barrels by 2025, according to OPEC.

The Organization of Petroleum Exporting Countries predicted that India’s oil consumption will increase to 5.80 million barrels per day in 2025, a 4.1% increase from the 5.57 million barrels per day predicted in 2024. The cartel noted in its most recent oil market report for the month that rising economic activity will lead to higher…

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India’s service activity growth slower in April but still highest in 14 years

India’s services sector witnessed one of the strongest growth rates in just under 14 years due to a favourable economic environment and rising demand strength. The seasonally adjusted HSBC India Services Business Activity Index fell slightly from 61.2 in March to 60.8 in April. In April, India’s service activity increased slightly slower, but there was…

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