India remains primary driver of global oil demand growth

India continues to serve as the largest source of global oil demand growth even as broader international consumption growth remains subdued, The Tribune reported on Saturday. Petroleum Minister Hardeep Singh Puri stated that geopolitical tensions in West Asia are currently driving energy prices higher. [1]

Puri made the remarks in a social media post following a discussion with energy market observer Fereidun Fesharaki, according to The Tribune, Big News Network, ChiniMandi, Awaz The Voice, ANI News, and India Gazette. The minister noted that expanding oil production across North and South America is actively reshaping global supply dynamics. [1][2][3][4][5][6]

The Tribune and related outlets reported that Puri highlighted market volatility stemming from regional conflict in West Asia and disruptions surrounding the Strait of Hormuz. Puri described India as a fast-growing outlier in global energy consumption. [1][2][3][4][5][6]

Puri has served as India's Minister of Petroleum and Natural Gas since 2021. As FTMQ Climate reported earlier, regional conflicts in the Middle East have caused severe disruptions to global energy infrastructure and maritime transit through the Strait of Hormuz. [8][11]