India, OPEC agree to further strengthen energy ties

September 22, 2026 3:48 PM

India, OPEC agree to further strengthen energy ties

India and the Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday agreed on "the vital importance of fostering even deeper energy cooperation" between the two sides at a high-level meeting held in New Delhi. The meeting was co-chaired by India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri and OPEC Secretary General Haitham Al Ghais. Discussions focused on oil market stability, energy security, and the importance of adequate and timely investment across the oil in...

OPEC boosts long-term oil demand outlook, driven by developing world growth

September 25, 2024 11:43 AM

OPEC boosts long-term oil demand outlook, driven by developing world growth

OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels. The Organization of the Petroleum Exporting Countries, in its 2024 World Oil Outlook published on Tuesday, sees demand growing for a longer period than other forecasters like BP and the International Energy Agency, which expect oil use to peak this decade. "Future energy demand is foun...