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Opinion

Saudi-Indian clash over oil prices a losing battle all around

Exporters risk collateral damage from overly tightening market

| India
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman's suggestion that India dip into its strategic oil reserves to make up for production cuts implemented by the OPEC+ group of countries was little more than a defensive ploy.   © Reuters

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

An escalating confrontation between Saudi Arabia and India over the supply and price of crude oil on the international market has added another dimension of strife surrounding a crucial commodity already beset with geopolitical tensions.

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