/Tag: Oil

Re-energising India-US ties

2020-05-11T03:55:15+00:00March 2nd, 2020|2020, From The Hill, India Inc Views - India Global Business, North America Edition – 28 Feb-12 March 2020|

America’s booming energy market is an important building block in strengthening the country’s relationship with India. Highlights: Houston is India’s tenth largest trading partner. The recent 7.5 billion Tellurian- Petronet deal and the US Department of Energy’s approval for three Houston-based LNG projects to export LNG to India simply scratch the surface of US-India Energy ties. LNG exports from the US to India could help the country to address its huge energy needs and contribute towards development projects. Freedom [...]

A new page for India-Brazil ties

2020-05-09T17:11:07+00:00January 10th, 2020|2020, Country Focus - India Global Business, India Inc Views - India Global Business, North America Edition – 10 January 2020, UK Edition – 10 January 2020|

Brazilian PM Jair Bolsonaro’s visit to India as the chief guest at the annual Republic Day Parade could open up new avenues for strengthening the relationship between the two countries. Highlights: Brazilian President Jair Bolsonaro's visit to India in January will help further the several issues India and Brazil agree on. Brazil’s advantages in areas like energy, agriculture, defence, and space are things that India can benefit from. The recent MoU agreed with Brazil addresses a range of issues with [...]

Increased choice and competition are good news for Indian consumers

2019-09-28T10:21:58+00:00September 25th, 2019|2019, Home Page, North America Edition – 27th September 2019|

An oil industry chief weighs up the changing dynamics within the Indian energy sector and what this means for foreign investors. The energy industry will see interesting times ahead. This is particularly true for India’s downstream petroleum fuels market as the country balances the additional need from an upwardly mobile population with the urgency to protect the environment and maximise energy security. The coming decade will likely witness India emerging as the country with the highest growth in petroleum fuels [...]

India gets caught up in an Iran-West crossfire

2019-08-09T12:29:23+00:00August 9th, 2019|2019, Global Edition – August 2019|

The Indian crew members of oil tankers being held hostage in a tit-for-tat battle between Iran and the West could force a rethink of India’s own outlook towards Tehran. Over 40 Indian crew members have been caught up in the rising tensions between Iran and the West, with the Strait of Hormuz in the Gulf as the scene of the latest standoff. It began with the local police in Gibraltar, a British Overseas Territory on the Spanish coast, confirming that [...]

Essar’s faith in the UK market remains steady

2019-05-22T18:21:50+00:00May 22nd, 2019|2019, UK Edition – May 2019|

An oil and gas expert dives into what Essar’s acquisition of BP assets means for the company's plans for the UK market. When the Essar group purchased the Stanlow Manufacturing Complex from Shell in 2011, they immediately put in place a strategy to build a sustainable and profitable future for the UK business. Stanlow had been run by its previous owner as a cost centre, but Essar’s clear objective was to run the refinery as a profit centre, investing for [...]

India-Venezuela relations: A case study in oil diplomacy

2019-03-29T14:36:43+00:00March 28th, 2019|2019, Global Edition – March 2019, Home Page|

A Latin America analyst explains why it would be ill-advised for India to take any political policy position vis-à-vis Venezuela, especially regarding the ongoing political crises in the country. In light of US sanctions imposed on Venezuelan state-owned oil and natural gas company Petróleos de Venezuela SA (PDVSA) in January this year, Venezuelan oil exports to the United States have dried up. It has left a shortfall of up to 500,000 bpd that Venezuela exported to the United States before [...]

Saudi Arabia’s delicate balancing act in the Indian Subcontinent

2019-03-29T07:24:40+00:00March 27th, 2019|2019, Global Edition – March 2019|

Against the backdrop of a recent visit by Crown Prince Mohammed Bin Salman, India can be assured that Saudi Arabia’s importance as an influencer in the region is clearly not restricted to Pakistan alone. Indian Prime Minister Narendra Modi created quite a flutter within diplomatic circles when he went out of his way breaking protocol to receive Saudi Arabia’s Crown Prince Mohammed Bin Salman on his recent visit to India. In his maiden visit to India, Salman, who is also [...]

India gets ready to outpace China

2019-02-15T14:54:37+00:00February 15th, 2019|2019, Global Edition – February 2019, Home Page|

An expert analyses the factors behind India set to overtake China as the biggest source of oil demand growth from the mid-2020s. One of the biggest stories to impact oil markets over the medium-term (i.e. the next five years) will be India supplanting China as the biggest source of demand growth from the mid-2020s. Modelling each sector of their respective economies, in our recently published ‘Long-term Energy Market Outlook, November 2018’, Energy Aspects projects that total Indian oil demand growth [...]

For the love of neighbours and crude oil

2019-02-15T14:44:22+00:00December 21st, 2018|2017/2018, Home Page, Yearender- December 2018|

As 2018 comes to a close, ‘India Global Business’ reviews some of the major foreign visits, inbound and outbound, as a base to assess the course of India’s foreign policy for the New Year. India’s overall foreign policy underwent a significant and dramatic shift in stance in 2018. It was dictated by two major developments — the ones in the immediate neighborhood and the need to secure energy in light of the US sanctions on Iran. While in the first [...]