EVs Will At Most Lead To Slowdown In Growth Of Oil Demand

Fatih Birol, Executive Director, International Energy Agency, who was in India recently, spoke to Anilesh S. Mahajan about the global energy market and the future of energy in big consumer markets such as India. Edited excerpts:

Q. We are living in very interesting times globally, especially from the oil market perspective. There is turbulence in the Middle East, tussle between buyers and suppliers, and OPEC is cutting supply. We are keen to understand which way should India look. We also need to factor in the trade war going on between the US and China.

There is a big change in global oil markets. This is driven by the US. A few years ago, the US was the largest oil importer, and after the shale revolution there, the production increased so much that it started