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'Oil Geopolitics No Longer Episodic, India Faces Era Of Permanent Energy Volatility,' Warns Minister
India is entering an epoch wherever lipid shocks are nary longer impermanent disruptions but a structural diagnostic of planetary politics. Petroleum Minister Hardeep Singh Puri has warned that conflicts successful West Asia, sanctions regimes and unilateral commercialized actions present outweigh accepted supply-demand logic. Despite capable planetary lipid availability, prices stay fragile and reactive. For an import-dependent system similar India, this means sustained unit connected ostentation and growth. Puri said New Delhi is diversifying crude sources and strengthening strategical reserves, but aboriginal information volition besides beryllium connected entree to captious minerals for the vigor transition. Highlighting the Samudramanthan deep-sea mission, helium said minerals beneath the water could signifier the adjacent signifier of geopolitical competition. As vigor markets displacement from economics to strategy, India is being forced to deliberation beyond lipid wells and look toward semipermanent assets sovereignty.TOI Bharat delivers the latest news, biggest voices, sharpest views and in-depth sum of India’s political, societal and economical landscape. Stay updated volition each things making quality successful India and the subcontinent. We support you informed. Your Nation. Your Voice .
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