OPEC secretary general said India's oil demand by 2040

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      India's oil demand is expected to increase by 5.8 million barrels a day by 2040, accounting for about 40% of the increase in global demand over the same period, according to OPEC Secretary-General Barkin.
"India is expected to have the largest increase in oil demand (at an annual rate of 3.7%) and the fastest growth rate in the period to 2040," Balkin said.
By 2040, the global oil industry will need $11 trillion in investment to meet future demand, he said.
Global oil demand is expected to increase by 14.5 million barrels a day to 117 million barrels a day by 2040 compared with 2017, OPEC said in its latest report released in September.
Retail prices of refined oil in India have hit record highs recently, sparking protests across the country, as crude oil prices soar and the rupee weakens.


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