Vandana Hari

Indian government stops consumers benefiting from cheap oil

New Delhi has not passed on reductions in crude price but in fact raised taxes

Betting on crude is much more complicated than on companies

Industry's growth is crucial for long-term energy security

Long-term uncertainty has grown, overturning budgets and demanding cool heads

They want to prop up price despite coronavirus-related drop in Asian demand

China, India and Japan need to take diplomatic initiative as big importers from Gulf

Oil prices were benign in 2019 but have significant potential to swing

Exporter will need to carefully balance expectations of investors and customers

Climate activists need to be pragmatic about how much renewables can deliver

Overreliance on any partnership could be problematic