Vandana Hari

In this discussion, Vandana Hari, an energy markets expert, sheds light on India's rapid shift to becoming a leading buyer of Russian oil since the Ukraine conflict. She explains how Indian refiners are cashing in on discounts, but at what cost? The conversation unveils the delicate dance between economic benefits and mounting diplomatic pressures from the U.S. Hari also explores the potential risks to India's trade ambitions and the ethical dilemmas of profiting from Russian crude, all against the backdrop of tightening global sanctions.

Vandana Hari, Founder of Vanda Insights and an expert in oil market analysis, shares her insights on the current state of oil prices amidst OPEC's production increase. She addresses concerns about a potential global oil glut due to higher supply amid trade tensions. The discussion touches upon the impact on US and Chinese trade relations and internal compliance challenges within OPEC+. Hari also reflects on how these dynamics affect both the oil market and the broader economic landscape.