Hydrocarbon demand here to stay, believe energy firms, policymakers


Hydrocarbon demand here to stay, believe energy firms, policymakers

Even as growth in the renewables and electric vehicles (EVs) segment threatens the conventional energy land scape, oil marketing companies (OMCs), oil and gas producers, and policy makers remain confident that demand for hydrocarbons is here to stay.

The industry experts voiced their opinions at the chief executive officer (CEO) conclave on Sunday. MM Kutty, secretary for petroleum & natural gas, expects hydrocarbon, motor spirit and gas will play an important role, even with the growth of the EV market.

Representatives from the oil producers’ community voiced similar views. “In percentage terms, the numbers look high, but absolute numbers would show a different picture. Read More

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