Geopolitics

India-Mideast Gulf Ties Enter Next Stage

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss346429055-people-narendra-modi
Frederic Legrand - COMEO/Shutterstock

Ties between India and Mideast Gulf states — led by the United Arab Emirates and Saudi Arabia — have strengthened under Prime Minister Narendra Modi as both sides seek closer collaboration at a time of geopolitical upheaval and post-pandemic recovery. Building on a long-standing hydrocarbon relationship and India's role in Gulf food security, they are expanding energy, trade and investment relations, while also developing closer security ties. Plans to use national currencies for bilateral non-oil trade are advancing. Russia's emergence as a major oil supplier to India represents a challenge to Gulf states' exports but won't fundamentally change their role as key suppliers in the long term.

Topics:
Trade, Oil Demand, Oil Supply, Refining, Opec/Opec-Plus
Wanda Ad #2 (article footer)
#
The Mideast Gulf oil producers are forging new relationships with the West, just as migration, climate change and political instability reshape the wider region.
Thu, Sep 21, 2023
Egypt has launched a new upstream bid round for 23 blocks as it faces amid a looming gas supply crunch.
Mon, Sep 25, 2023
Faced with limits and opportunities of a rising power, China seeks to reshape institutions like the Brics group.
Tue, Sep 19, 2023