How Saudi Arabia's oil production cuts blindsided Asian consumers

Crude prices racing toward $60 a barrel unnerve Asia's consuming countries

Avatar
20210210 petrol station Kolkata small.jpg

A petrol station in Kolkata, pictured in June 2020: Indian media whip up fears that pump prices would reach an unprecedented 100 rupees a liter. © NurPhoto/Getty Images

Vandana Hari is founder of Singapore-based Vanda Insights, which tracks energy markets.

In a departure from New Delhi's usual behind-the-scenes diplomacy with its major crude suppliers, Indian Oil Minister Dharmendra Pradhan publicly remonstrated recently with the Organization of the Petroleum Exporting Countries for "creating confusion" for buying countries.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.