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constant increase in the economic boom in India, global supply chain shifting in india from china
Comparision of uk
So much dependency on Russia, gas price hike in uk, energy supply shortage,
In turn india increased its oil supplies from Russia, and also India became 2 largest oil consumer in
the world by grabbing thiss opp. And hence took adv of this particular situation very nicely. Recently
OPEC+ has reduced the oil barrel production by 2 bill barrels
Thus we have dealt with supply side issue, by reducing the dependability on US’s decision
STOCK MARKET
Because of our economic decisions in the past we are witnessing this turmoil as a very lenient
turmoil
THINK SCHOOL
NOPEC BILL
Before COVID the cost of 1 barrel was 20$ but soon after it was found to be 85 and then after war it
was 119$.
Oil bubble is
Leverage