UAE and other OPEC members, particularly Saudi Arabia, have long disagreed over curtailment of production to keep oil prices up. These tensions have deepened over time, says Ajay Singh, an energy and shipping industry executive
For India, two moves should follow at the earliest. First, commercial: A multi-year offtake from ADNOC at term pricing, with a slice of volume invoiced in rupees. Second, strategic: fill the Strategic Petroleum Reserves