The GCC is currently India’s largest trading partner bloc, with bilateral trade at over USD 154 billion in FY 2021-22, with exports worth approximately USD 44 billion and imports worth nearly USD 110 billion, according to commerce ministry data
The Russian invasion of Ukraine has increased global oil market volatility. The economic impact of another oil price shock, should it materialize, would be significant. At the beginning of Russia’s invasion of Ukraine, the crude oil price breached $130 per barrel in March 2022, the highest since 2008. Since then, it retreated to about $100 … Read more
Here’s why Many countries don’t want to continue buying Russia’s fossil fuels following its invasion of Ukraine. But efforts to tap other sources and ease prices may hinder climate progress. Previous energy crises led to constructive climate efforts. It’s “now or never” to stave off a climate catastrophe, according to a UN report published last week. But … Read more
Energy and natural resources make a strong comeback, but caution is merited Even as the end of the pandemic is not quite in sight with renewed risks posed by mutant variants of the COVID-19 virus, economies across the world are roaring back. Concomitant with that, energy demand is growing rapidly. In India, electricity demand crossed … Read more
Vicki Hollub is the CEO of Occidental Petroleum, running the energy company at a critical time – during the disruption caused by the Ukraine conflict and the ongoing push for the energy transition. She is one of the first women to run a major American oil and gas company. In fact, women hold just 12 percent of … Read more
Ryan Haddad, University of Maryland The Biden administration hopes its threat of “severe economic consequences” deters Russia from invading Ukraine – an event Americans officials say could be imminent. In response, the U.S. said it may ban the export of microchips and other technologies to critical sectors like artificial intelligence and aerospace and freeze the … Read more
