OCTOBER 20228n 1859, when a retired railroad conductor Edwin L. Drake drilled a well near Titusville, Pennsylvania and struck oil, he found the black gold which changed the course of history. Crude oil has become an essential commodity. During the latter stages of the Industrial Revolution in the early 20th century, oil rose in importance as a commodity. Modern warfare changed as a result of the rise in petroleum demand, and it now plays a significant part in diplomacy. As a result, oil is crucial to geopolitics because countries all over the world want to guarantee their access to oil through trade, diplomacy, armed conquest, and other means as they see fit. Typically, the nation with the most oil reserves has the power to impose any conditions it chooses. Petro-aggression is the phrase for the ability of such oil-rich countries to start wars abroad.India's Oil importIndia's crude oil imports are coming in from a changing mix of countries, with the top three accounting for around 60 percent of total imports. Amid the ongoing Russia-Ukraine conflict, the per barrel price of Crude oil jumped above $140, this set an alarm for the Indian government. The rise in the price of crude oil has devastating effects on the Indian Economy and its citizens, as 90 percent of crude oil demand is met through imports, which leads to a rise in inflation. Russian crude oil imports were prohibited as a result of the sanctions imposed by Western nations on Russia. In addition, the OPEC nations decided to reduce oil output, which caused the price of oil to increase, in order to make up for the economic damage caused by the COVID-19 epidemic.EDITORIAL EXCLUSIVEIINDIA'S OIL DIPLOMACY
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