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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
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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
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The last ten years had signalled the Saudi intention of building closer relations with India based on their immense crude oil resources and India’s growing market and skill sets. With a new king on the throne and the on-going turmoil in West Asia it is in New Delhi’s interest to initiate high-level visits with Riyadh as soon as possible
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Last week, petroleum prices reached a five-year low, and the fall is likely to last as new production and alternative sources enter the market. India, which has a huge petroleum products bill, now has a chance to shock-proof its economy, diversify dependence away from West Asia, and become energy-efficient
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Obama’s strategy to target the IS in Syria within the framework of a U.S.-led international coalition has met with a tepid response. There are reports that the U.S may offer India a non-NATO ally status during Modi’s upcoming visit in a bid to seek greater support – a gesture that India will do well to disregard.
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The growing ISIS-driven violence in Iraq highlights India’s vulnerability to the turmoil in West Asia: we heavily depend on the region for our energy. To insulate the country’s energy security from the upheavals, India must urgently diversify its sources and types of fuel, and develop its own energy ecosystem
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An underwater gas pipeline project connecting Oman with India’s west coast is being resurrected. Several factors explain the renewed interest, including the relaxing of sanctions against Iran and India’s need to counter-balance geopolitical and security considerations dogging other land-based projects
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In recent years, U.S. oil and gas imports have declined due to the development of shale resources in the country. How will the production of shale oil, increase in oil production by non-OPEC countries, supply disruptions in West Asia and economic growth in India and China impact global crude oil prices?
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The India-Japan alliance needs to be viewed through a prism broader than that of "containing" China, and by treating the Indian and Pacific oceans as a single entity. Such an alliance has the potential to strengthen the geopolitical security of India and Japan, along with that of all their allies and associates
Courtesy: United Nations
The recent UNSC Resolution, which mandates the complete destruction of Syria’s chemical weapons, demonstrates that after more than a year, a degree of international agreement on the Syrian issue has been possible. In the evolving situation, Russia will now emerge as a major player