Oil & gas
India, China plan oil buyers’ block to counter Opec
14 Jun 2018
While the two countries compete in the acquisition of oil assets overseas, India and China have a common interest in keeping oil import prices low, considering its impact on domestic economies
India gets its cheapest gas as Gazprom starts shipments
05 Jun 2018
At $7 per mmbtu, Russian gas comes $1.5 per mmBtu cheaper than the liquefied natural gas supplied by RasGas of Qatar, and also $1-1.5 per mmBtu cheaper than the LNG sourced from Australia and the US
Reliance to halt oil imports from Iran from Oct-Nov: report
31 May 2018
While India’s external affairs minister Sushma Swraj has said India does not follow unilateral sanctions imposed by the US on Iran, companies with close links to the US financial system could face penalties if they do not comply
