In a volatile market, India needs Middle East as anchor of its energy security, says global energy expert

Energy expert

Crude oil prices have fallen below $o due to the fall in demand. The fall in demand is because 4 billion people have gone into lockdown due to the pandemic. In the backdrop of this, a Super OPEC cartel is emerging which is not good news for oil consuming nations such as India and China. Details from news such as strategic reserves are important for prelims and the whole news is important for mains.

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