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Podcast: In Focus by The Hindu
Episode: How will the Ukraine-Russia conflict affect crude oil prices? | In Focus
Description: Talmiz Ahmed speaks to us on the steps that India can take to insulate itself from price shocks and what are the chances that OPEC nations will ramp up supply and stabilise global crude prices.The Russia-Ukraine conflict has begun to have a major impact on the world energy markets. Ever since the conflict started, and especially after the announcement of economic sanctions on Russia, crude prices have been steadily climbing. They have risen most sharply in Europe, which is heavily dependent on Russian natural gas.U.S. President Joe Biden’s decision to ban Ru...