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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
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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: Wikipedia
A journey which began in Istanbul in 2012 ended in triumph in Vienna in July 2014, as the P5+1 countries and Iran announced a Joint Plan of Comprehensive action that would see Iran free of all economic sanctions while upholding the right to a civil nuclear programme. While this journey, fraught with challenges, technically is over, the ratification battle in the U.S. congress commences now
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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
The announcement in June of a Saudi-Israeli alliance against Iran has to be seen in the context of the strategic dimensions of India’s relations with Saudi Arabia, Israel, Iran, and the U.S. And it has far-reaching implications for India’s policy towards West Asia
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: 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.
Courtesy: Wikimedia Commons
Petrobras, which rose to become the fourth largest company in the world, is now battling a serious corruption scandal that has left its reputation in tatters. How did this global oil major scale such heights spectacularly and and then fall so low? There are lessons in this for India’s public sector oil companies.