India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
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Saudi Arabia and its allies have broken off diplomatic ties with Qatar, but Iran may be their real target, a possibility reinforced by some recently leaked emails from a UAE diplomat
Improvements in wind energy technology can not only benefit India’s energy profile, but also enhance relations with neighbouring countries
Japanese technology giant Toshiba is sinking into a financial morass due to its near bankrupt nuclear power business, Westinghouse. India must recognise the new reality that nuclear energy is no longer financially viable
The Indian oil industry is changing. The recent bidding for Discovered Small Fields saw the emergence of small, independent oil explorers in a country that has been dominated by state-owned companies and only a few private sector firms
OPEC’s announcement of a cut in oil production shows that Saudi Arabia is being affected by low oil prices even as Iran gains ground
The fall in oil prices means it is now cheaper for ONGC to acquire discovered oil fields than to explore on its own. To profit from the changed dynamic, India needs to go big on a ‘buy’ strategy.
India’s newest reactor shows what’s wrong with nuclear power, and why India must go slow on expensive western designed nuclear power projects.
India needs to act faster to ensure it continues to get energy at an affordable price. The oil price increase to $50 per barrel shows there is a limited window of time to act.
Saudi Arabia, Russia and other oil producers are trying to cap oil production to support prices. Such distortions are unlikely to work. India should be more concerned about the long term rise in oil prices due to falling investment in exploration and production – and should protect itself by acquiring oil and gas assets to cover its energy needs.