INDIA: MAKING THE MOST OF LOW OIL PRICES

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INDIA: MAKING THE MOST OF LOW OIL PRICES

Low oil prices have proven a key boost to the Indian economy. Low pump prices have proven a spur to domestic transport fuel demand, which has seen demand both for gasoline and diesel surge over recent years. An economy that used to grow modestly without much boost in demand for hydrocarbons is seeing a transformation as India's consumption is rising quickly.

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EVEN LOWER, FOR EVEN LONGER: The Implications of OPEC Inaction

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EVEN LOWER, FOR EVEN LONGER: The Implications of OPEC Inaction

OPEC is a consensus organization. It takes no action without unanimous agreement of the thirteen members. The lack of any change at the December meeting does not, however, imply concord or satisfaction among the member states. Rather, it implies a lack of unanimity to any course other than status quo ante.

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