Qatar’s dispute with Arab neighbours likely to impact India’s oil import bill

Qatar’s dispute with Arab neighbours likely to impact India’s oil import bill

Qatar’s dispute with its Arab neighbours will not immediately affect India’s gas imports from that country, but rising crude is likely to impact pricing and affect New Delhi’s oil import bill if tensions continue for long.

Qatar is a major source of liquid gas for India but does not export any oil. In a limited sense then, it appears that oil imports are unaffected. But the problem lies in the fact that gas prices too react to global oil price as most of the gas deals are linked to Read More…

 

 

Credit By: The Economic Times

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