Oil

Despite the easing of international crude prices, the central government is unlikely to cut central excise duties since a cut of Re 1 would result in a loss of revenue of Rs. 10,725 crore.

• Shebonti Ray Dadwal
• May 30, 2018
• IDSA Comments

China’s launch of a yuan-denominated oil futures exchange will provide it with the opportunity to create an Asian crude oil benchmark and give it more clout in crude pricing and for promoting the yuan as a truly global currency.

• Shebonti Ray Dadwal
• February 22, 2018
• IDSA Comments

The Food and Agricultural Organization (FAO) has proposed that the terms of the debate be moved from food versus fuel to food and fuel.

• Ekta Niranjan
• January 04, 2018
• Backgrounder

Crown Prince Salman has been using oil as a tool to further his political ambitions both domestically and internationally, and Saudi Aramco acts as a nucleus around which his ambitions revolve.

• Chithra Purushothaman
• November 16, 2017
• IDSA Comments

The contentious discourse in the media ignores the implications of state taxes on rising fuel prices.

• Vinay Kaushal
• September 27, 2017
• Issue Brief

If India gets a stake in the proposed Aramco IPO, it would mean getting a share of profits from one of the world’s largest and most profitable companies.

• Chithra Purushothaman
• July 13, 2017
• IDSA Comments

Although President-elect Trump has declared his intention to deregulate the fossil fuel sector in order to make America less energy import dependent, but over time, this will lead to an increase in supplies in an already over-supplied oil (and gas) market and send prices into a further downward spiral.

• Shebonti Ray Dadwal
• December 05, 2016
• IDSA Comments

Over the last few years, it has been a roller coaster ride for the oil markets. From $110 a barrel in 2010, prices began dropping from June 2014 and finally dropped to below $30 a barrel in January 2016. Then from the end of the first quarter of 2016, prices started recovering and have been hovering around $50 a barrel since May

• Shebonti Ray Dadwal
• September 2016
• Strategic Analysis

As was anticipated, the nuclear sanctions imposed against Iran were finally lifted on January 16, 2016 after it was certified by the International Atomic Energy Agency (IAEA) that Iran had met its obligations under the Joint Comprehensive Plan of Action (JCPOA) reached in July 2015 among six world powers.

• Shebonti Ray Dadwal
• May 2016
• Strategic Analysis

The longer the price of oil remains depressed, India, like other major oil importers, will not only increase its dependence on crude imports, but it will also become more dependent on OPEC.

• Shebonti Ray Dadwal
• January 18, 2016
• IDSA Comments