India's crude oil imports rose to a monthly record in January, after reports indicated that the red sea crisis delayed the December arrival of cargoes from the America. India's oil imports hit 5.24 million barrels per day in January, up 17% from December.

India's oil imports hit 5.24 million barrels per day in January

India is poised to become the world's largest driver of oil demand growth by 2030, according to the international energy agency. This surge, driven by economic expansion and diesel fuel use, will see India's daily oil consumption rise by 1.2 million barrels. India, the world's third-largest oil importer and consumer, is poised to spearhead unparalleled growth in oil demand between 2023 and 2030.

IEA: India to import 6.6 million barrels per day by 2030

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India's oil imports hit 5.24 million barrels per day in January

IEA: India to import 6.6 million barrels per day by 2030