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A week ago, oil giant Chevron-Texaco's Nigerian unit decided to keep its production of 23,000 barrels a day shut till its oil facilities attacked and damaged by members of the Ijaw tribe are found to be in order. Disruption of oil operations, hostage taking, inter-ethnic clashes are not new for Nigeria¿s oil-rich Niger Delta.
The changes in geopolitical alignments between oil-producing and consuming nations are likely to have a significant impact on petrodollar recycling in
There will be no respite from rising international oil prices, according to internationally renowned oil expert Dr. A.F. Alhajji. Delivering a lecture at Observer Research Foundation (ORF), New Delhi, on July 26, 2005,
The oil shock poses two risks for India. First, the fear that it will increase the current account deficit. Second, it poses a conundrum of navigating conflicting objectives — preserve the market-based retail oil price mechanism whilst graduating the price shock for consumers and containing inflation.
This Paper examines the existing critiques of China's oil supply diversification strategies in the Asia Pacific. It deconstructs the growing energy relationship between China and the Middle East that has made the security of the Hormuz Strait and the Malacca Strait vital to China's energy security. It also analyses specific geographic and strategic chokepoints in China's oil supply route and concludes that supply diversification motivations are d
Though India and Pakistan have been working on improving bilateral trade, the recent meeting of Experts' Group on Trade in Petroleum and Petrochemical Products come in the wake of the ongoing energy crisis in Pakistan.
Though the imbroglio over the strategic sale of BPCL/HPCL is far from over, the mandarins within the government have come up with yet another proposal to meet the year's disinvestment targets. A booming stock market has inspired the bureaucrats
In mid-June, the oil giant Shell was forced to declare force majeure in its Nigeria unit excusing it from liability and contractual obligations due to sabotage by local militias on its oil pipelines.
The Sino-Russian bilateral signifies China’s urgency for resilient global energy supply chains to meet its increasing energy needs through its oil-f
Intermingled with ONGC’s corporate structure was India’s strategic goal of energy security, the route to which was through global acquisitions.
The availability of crude oil at extremely cheap rates may soon become a thing of the past
A second Trump presidency could mean many things for the world, but it would most certainly be worse for the US and the world than his first term.
The operational success of the security forces is commendable, but their real test would be against the hard-core and well-trained JeM and LeT terrori
The Andhra crisis illustrates the inability of the UPA government to arrive at a decision in respect of the Telangana problem. This attitude of drift has been noticed for well over 50 years. And the Centre has shown little understanding while handling with socio-political issues of Telugu speaking districts of the erstwhile Madras Presidency.
When the rest of the nation is looking up to a brighter day in the New Year, Andhra Pradesh, faced with the revived Telangana issue, may be knotting itself in very many complicated ways, and the unknotting could become even more complicated with each such unknotting.
Pakistan¿s largest province, Baluchistan, is again on the boil. Two rocket firing incidents took place in early December, 2005. The first incident involved firing on a helicopter carrying the Inspector-General of the Frontier Corps. In the second, a rocket was fired at a public meeting addressed by Gen Pervez Musharraf at Kohlu. These incidents appear to have provided an immediate provocation to launch an operation by the Pakistan Army and the F
After years of conceiving the idea of Strategic Oil Reserve, the Indian government seems to be moving in the right direction in a resolute manner. Recent statements by both the Prime Minister and the Petroleum Minister about building strategic storage facilities to gear up the country to meet oil emergencies
Can good sense prevail in Washington once again? Military action in Libya will generate anti Americanism, which will swell the ranks of Al Qaeda and cause the "Arab Youth" bulge to find a frightening outlet.
The western sanctions imposed on Russia has affected the oil imports made by India and has therefore adversely impacted the economy.
The oil deal could be a fundamental test for the future of Afghanistan-China cooperation
Even today, renewable energy sources definitely cannot replace fossil fuel that is getting scarce over time. Given this theoretical underpinning, why do we have a negative price for crude oil?
Beijing’s growing interest in co-conspiring with Pakistan on Afghan soil adds to the growing tensions in the subcontinent, heightening concern over
Crude oil prices are likely to head under US$ 90 per barrel, rather than exceed US$ 100 per barrel, notwithstanding daily fluctuations
Reflecting the current geopolitical realities, India’s position on Iran’s oil import vastly differs from its position on Russia
Oil is critical to India as it imports almost two thirds of its need, constituting 37% of its total imports. A $1 drop in oil prices could approximately save 40 billion rupees. The drop in oil prices currently looks like a blessing for India, but there could be some downslides too in the long run.
Trends in consumption growth in the last two decades suggest that IEA’s expectation of a decline in demand for petrol in India on account of growth
Indian foreign policy will have to respond to the meta-trends by crafting an approach that is more than just the sum of its bilateral and multilateral
The potential path India can follow to become a leader in clean energy production
While India is preparing to give up one of the blocks it has been drilling in, it has no intention of abandoning its search for oil and natural gas in the South China Sea.
With the objective of discussing India's strategy for oil and gas sector development, ORF, the International Energy Agency and the Korea Energy Economics organised a roundtable on "An Overview on India's Oil and Gas Upstream Sectors and Its Overseas Investment".
India will be there at the G-7 to remind the West once again that it is playing an important role in the global oil market.
The 41 km India-Nepal pipeline, designed to supply cost-effective and environment-friendly petroleum products to the landlocked the nation, is the first trans-national pipeline in the SAARC region. This initiative represents a win-win outcome for both the countries which will also enhance regional connectivity and economic development across the region.
The policy-oriented approach that the partners have adhered to in furthering their cooperation in the energy sector is a testament to the strength and
India-Russia relations need a paradigm shift in the relationship from a “seller-buyer” format to a more strategic foundation
Global energy markets have battled continuous uncertainty over the past three years, disrupted first by the Covid-19 pandemic in 2020 and 2021, and by Russia’s invasion of Ukraine in 2022. India has been adept at navigating both these disruptions, using economic diplomacy to position itself favourably in the geopolitics of oil. New Delhi’s delicate balancing of its political relationship with both Washington DC and Moscow has been accompanied
