From decades, China has been the leading driver of oil demand but soon there will be shift in the oil market, according to Bernstein.
Bernstein said, “India has been less important, but, going forward, India is expected to be the most important single region driving demand growth over the next 20 years, making it a key country to watch for future demand.”
Bernstein has also said that global oil demand growth will slow to 0.9% next year from 2.4% in 2023.
