Courtesy:
ONGC’s purchase of a 15% stake in Russia’s Vankorneft presents the road ahead for India – by acquiring oil and gas fields today, India has a chance to lock in the price of imported energy at the current low level for the long run.
Courtesy: The Political Indian
Amit Bhandari, Energy and Environment Fellow, Gateway House, wrote an article on 'A plan for India’s energy independence', for Political Indian.
Courtesy:
The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
Courtesy: Ram Kumar / Wikipedia
It is time for India to become autonomous on the energy front, even though it is, and will remain, a large importer of petroleum and coal. A combined strategy of diversification by using other forms of energy, and acquisition by buying oil fields, can help India reach this goal
Courtesy:
The oil-rich GCC countries are starting to show signs of financial stress maintaining high defense and social spending while the price of oil remains low
Courtesy: The Speaker-news
By keeping production high and oil prices low, OPEC is taking on oil and gas companies by undercutting their ability to investments in future oil & gas production
Courtesy:
Amit Bhandari, energy and environment fellow, speaks to Dev Lewis, Gateway House, on the impact of the Iran deal on global energy markets. He also outlines why this is a window of opportunity for Indian business
Courtesy: Wikipedia
A possible Iran nuclear deal means a longer window of lower oil prices. But the glut of oil supplies is already resulting in cutbacks to oil exploration and production spending, and will eventually lead to higher energy prices. Before that happens, India must use this opportunity to lock in prices
Courtesy: Petroleum.nic.in
The present pessimism about India’s dipping exports is a misreading of the numbers—the country’s exports have fallen because of the lower price of petroleum, and not due to any slowdown in industrial activity or reduced demand from foreign markets
Courtesy: Amit Dave (Reuters)
Conjecture about a Rosneft-Essar deal shows how the oil market dynamics have shifted in the past few years. Just as supply security is important to oil buyers, demand security is crucial for oil suppliers. Buying refining and marketing assets in big markets like India is the route to demand security for Russia, whose economy depends on petroleum exports.