The Red Sea crisis has shifted attention to the Eastern Maritime Corridor (EMC) – the proposed trade route for coking coal, crude oil, LNG, fertilizers and containers The trajectory of India’s oil demand growth reflects the shifting contours of the global energy landscape. The Organization of Petroleum Exporting Countries (OPEC) estimates India’s oil demand in 2024 at 5.59 million b/d, a marginal rise from 5.37 million b/d in 2023. India’s oil imports reached unprecedented levels in January 2024, with inbound shipments of 5.33 mb/d, a significant jump from 4.65 million bpd in December 2023. Russia’s role in India’
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