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India sends out clear signal of its clout, foreshadowing coming changes in world oil scene SECTIONS Last Updated: Apr 02, 2021, 12:58 PM IST Share Synopsis If India is successful, it will set an example for other countries. As buyers see more affordable choices and renewable energy becomes increasingly common, the influence of big producers like Saudi Arabia could wane, altering geopolitics and trade routes. Reuters Analysts say the oil spat does not need to spill over into broader strategic ties in other sectors. When India s government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days after OPEC+ said it would maintain production cuts - it sent a message about its clout and foreshadowed changes to the world s energy maps.

United statesSaudi arabiaSultan ahmed al jaberAmitendu palitTarun kapoorDharmendra pradhanJennifer granholmOrganisation of oil exporting countriesIndian oilHpcl mittal energy ltdSaudi aramcoInternational energy agencyPetrochemicals ltdNational university of singaporeAbu dhabi national oil coMiddle east