Impact, Cause and Trend: India’s Trade of Crude and Petroleum Products
Presentation: Oil, one of the most significant wellsprings of vitality, represented 33% of worldwide essential vitality utilization in 2016. According to BP Factual Audit of Vitality (2017), worldwide oil creation and utilization in 2016 remained at 4382.4 million tons and 4418.2 million tons individually, 0.3% and 1.5% higher than in 2015. Oil is a limited asset and won't keep going forever. Toward the finish of 2016, oil hold to creation ratio2 remained at 50.6, which means at current creation rate, oil would keep going for around 51 years.