India's Energy Needs And The Arab/Persian Gulf

Author
Jean-Francois Seznec, Ramesh Pallakonda
Content Type
Special Report
Institution
Atlantic Council
Abstract
India’s economy is increasing at the fastest rate in the world, now making it the globe’s third largest user of crude oil. While India is benefitting from the low oil prices seen since mid-2014, it has precious few oil and gas resources of its own and will remain highly dependent on imports. On the other hand India is now a large exporter of products like gasoline and diesel fuels because it has built a very large refining capacity, which ultimately renders India’s need for crude oil more pressing.
Topic
Emerging Markets, International Political Economy, Oil
Political Geography
India