Made in India
Plans to increase the manufacturing base and sustain high GDP growth will underpin rising oil demand and imports
They can sell for as little as 49,700 rupees ($750), yet India's scooters, mopeds and motorbikes have become an unlikely barometer of global oil demand. And, according to the latest data, a 6.1% fall in the volume of sales of these two-wheelers led in January to a 2.5% fall in the country's domestic oil demand, the biggest drop in a decade. The unlikely culprit for this interruption in India's growing appetite for crude imports in 2017 is the lingering effect of the demonetisation that prime minister Narendra Modi introduced last November: the removal from circulation of some banknotes, designed to curb corruption, created a dearth of cash, mainly in rural areas. As Facts Global Energy (FGE)
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
