The Oil Shock Lesson: Why Energy Diversification Is Back On The Global Agenda

The Oil Shock Lesson: Why Energy Diversification Is Back On The Global Agenda

Energy crises have repeatedly reshaped the global economy, and the latest geopolitical tensions in the Gulf have revived concerns about the fragility of oil supply chains. Nearly one-fifth of the world’s oil consumption passes through the Strait of Hormuz, a narrow maritime corridor connecting the Persian Gulf with international markets. Any disruption to shipping through […]

Amid Iran Tensions, US Asks India To Absorb Russian Oil Meant For China; What The Proposal Means For India?

Amid Iran Tensions, US Asks India To Absorb Russian Oil Meant For China; What The Proposal Means For India?

• US suggested India absorb Russian oil waiting for Chinese refineries• Over 100 million barrels of crude currently floating offshore• Extra cargoes could benefit Indian refiners through discounted supply• Move aimed at cooling global oil prices amid Middle East tensions The United States has proposed that India reflect on absorbing over 100 million barrels of […]