Courtesy: Shutterstock
The Coronavirus pandemic has caused crude oil prices to crash almost 40% even as Saudi Arabia and Russia pump more oil into the market. Fears are rife that this crisis will hit demand. There are repercussions on the U.S., the world’s top oil producer, on India, one of its new clients, and on the Gulf Cooperation Council countries
Courtesy: Atlantic Council
The Atlantic Council Global Energy Forum, held in Abu Dhabi on 10-12 January 2020, had the top businesses and analysts of the global energy industry. It was also part of a larger event, the annual Abu Dhabi Sustainability Week, which aims to be a global platform for sustainability in various industries
Courtesy: Wikimedia Commons
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
Courtesy: Livemint
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.
Courtesy: Pixabay
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.
Courtesy: Wikipedia
The common Indian complaint is that, despite a global trend of falling crude oil prices, the price of petrol has not reduced. However, if the dollar price is examined with the price of oil, it becomes clear that Indians are paying less for fuel now than they would have, had the 2003 pricing trend continued.
Courtesy: MEA/Government of India
The India-Russia nuclear agreement envisages 12 nuclear reactors to be built in India. These will help India shift its energy mix towards nuclear power, which is cheaper than coal and less polluting
Courtesy: wikimedia
India’s power sector is currently facing a coal shortage with Coal India unable to keep pace with demand. Nuclear power is a cheaper and more reliable alternative for generating electricity as compared to coal
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In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Ministry of External Affairs, India
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month