India’s SPR Ambitions Could Help Soak Up The Oil Glut

India is in the process of surpassing China as the world’s most important country when it comes to analyzing energy markets. India’s consumption of various commodities such as coal and oil is still much smaller than China’s, but while China has dominated energy markets since the turn of the century, India’s rate of growth will be much more significant in the years ahead.

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Forget The Tough Talk – Saudi Arabia Is Desperate For a Production Freeze

At a time when the Saudis are desperately trying to hang on to their dwindling market share, it is intriguing to consider exactly why Russia and the OPEC nations are even discussing an oil production freeze, and what they hope to achieve, knowing that any increase in price will bring back the U.S. shale oil drillers with a vengeance, increasing the supply glut.

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The U.S. Is a Big Oil Importer Again

In the three months since the U.S. lifted its 40-year ban on crude oil exports, a curious thing has happened. Rather than flooding global markets, U.S. crude shipments to foreign buyers have stalled. At the same time, imports into the U.S. jumped to a three-year high in what looks to be a reversal of a yearslong decline in the amount of foreign crude brought into the American market.

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