WATCHING THE WORLD: India’s oil diplomacy

India is not a top-tier producer of oil or natural gas, but it is certainly making itself felt in energy markets around the globe, not least due to an aggressive new policy of oil diplomacy.On Jan. 6, for example, India’s Petroleum Minister Mani Shankar Aiyar got representatives from Saudi Arabia, Iran, Kuwait, the UAE, Oman, and Qatar together with officials of prime consumers India, China, Japan, and South Korea to give shape to a new regional energy forum. Saudi Arabian delegates reportedly observed that 60% of their country’s crude oil production already is being sold to Asia. At the same meeting, India even proposed the idea of the Organization of Petroleum Exporting Coun...

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