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Oil-Thirsty China a Winner in Iran Deal
Keywords:
During 2012 and 2013 the U.S. put pressure on China and India to cut oil imports from Iran to increase the effectiveness of sanctions. As negotiations eased the sanctions, China increased oil imports in 2014 by 30% in 2014 over the prior year. China's Foreign Ministry sees a "win-win spirit" in the nuclear deal that opens up economic relations with Iran. Analysts say China has setup three new storage facilities on its eastern coast with about 45 million barrels of new capacity, which could be filled with new supplies as its growth slows and demand decreases. China's imports were about 7 million barrels a day in June 2015.
Why the Iran deal is seen as a "win-win spirit" by China, and its impact on other emerging markets such as India
07/15/2015
Large oil importing countries such as China and India see the Iran deal very favorably as sanction limited oil imports. The deal also increases the probability of a sustained period of low oil prices which favors importers as Iranian crude flows into world markets. India with problems in its coal industry is faced with high oil import costs constraining growth, and China with large debt and other problems cosntraining growth, see the prospect of low cost oil imports for an extended period as an opportunity.
Grouped Articles
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
China Has Big Eyes, Little Stomach for Oil
Wall Street Journal 08/27/2015
The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
China Deepens Its Footprint in Iran After Lifting of Sanctions
New York Times 01/24/2016
US oil sanctions on Iran anger Asian powers
The Times 04/22/2019
Oil prices cloud India’s macroeconomic outlook
https://www.hindustantimes.com/ 05/13/2019
India's energy shortages and efforts to increase investment for oil and gas production- 2012-2015
04/11/2012
Investment in oil and gas exploration by India of $16 billion is about half the amount invested by Brazil in the same 15 year period. The move in 2013 bringing state mandated natural gas prices closer to world prices is an effort to increase India's investment in the energy field.
Grouped Articles
Indian energy: A price worth paying
Economist 07/08/2013
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
Indian Firm to Pay $2.64 Billion To Build Its Stake in African Gas Project
New York Times 08/26/2013
The Poor Need Cheap Fossil Fuels
New York Times 12/03/2013
India Grapples With Soaring Energy Costs
Wall Street Journal 04/11/2012
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
Average fuel economy of all new vehicles purchased in the U.S. and average estimated emissions per U.S. driver
01/23/2008
Information on fuel economy mpg for cars added to the American fleet tracks progress on fuel economy and meeting the U.S. goals of reducing reliance on imported oil. The estimate of emissions per driver show progress on reducing automobile emissions in the U.S., a key factor in overall emissions. This also indirectly shows the progress attainable in emerging market countries because the same manufacturers operate there and are able to bring new models with higher efficiency into these markets to reduce overall consumption and emissions. This is especially true for China and India where fuel needs and emissions for large demographics are becoming a major concern.
Grouped Articles
Wall Street Journal 01/17/2014
Fuel Economy Gains Poised to Slow
Wall Street Journal 10/08/2014
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
As Cars Are Kept Longer, 200,000 Is New 100,000
New York Times 03/16/2012
New-Car Fuel Economy Reaches Record Level
Wall Street Journal 02/13/2012
Detroit Is Feeling Less Pain at the Pump
Wall Street Journal 02/25/2012
India's surging oil imports with a depreciating rupee in 2011-2015
04/11/2012
Grouped Articles
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
India Grapples With Soaring Energy Costs
Wall Street Journal 04/11/2012
India Cuts Back on Iran Oil Imports
Wall Street Journal 05/03/2012
U.S. Presses India On Iran Oil Buys
Wall Street Journal 05/09/2012
India Takes New Steps to Boost Sagging Rupee
Wall Street Journal 05/11/2012
Grinding Energy Shortage Takes Toll on India's Growth
Wall Street Journal 07/02/2012
The Modi administration's budget for India in 2015 aims for 7.4% growth- allowing a fiscal deficit at 3.9% and increased spending on infrastructure
02/28/2015
The $288 billion budget aims to increase infrastructure spending to achieve a growth rate of 7.4%. A 2% tax on the superrich and rigorous penalties of 10 years imprisonment for tax evasion by sending money overseas are efforts to improve tax revenues in a country where it is estimated only 35 million Indians pay taxes. The lower oil prices help reduce pressures from fiscal deficits, and the decision was taken to let the fiscal deficit increase to 3.9% in the interests of growth.
Grouped Articles
India’s New Budget Aims to Boost Growth
New York Times 02/28/2015
Iran’s Nuclear Deal Could Open Oil Flood
Wall Street Journal 03/17/2015
Hostility From U.S. as China Lures Allies to New Bank
New York Times 03/19/2015
India’s Debt Pileup Complicates Growth Plans
Wall Street Journal 05/05/2015
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
In a Victory for Modi, India Overhauls Its Tangled Tax System
The New York Times 08/03/2016
Coal India under the Modi administration- problems with lack of technology and the 1 billion ton target for 2020
05/14/2015
India's coal monopoly Coal India, is state run and hugely inefficient, lacking technology that is commonly found in other countries. The average age of 333,000 employees is 45-50, and with the lack of modern technology, an eight hour shift can produce what a modern mine in the U.S. could do in 5 minutes, say experts. Coal plays a critical role for electricity production to power India's manufacturing, and its economy. The Modi administration is focussing on efficiency, introducing competition, and setting a target of about 15% growth in output for the next 5 years. Only about 75% of Indians have access to electricity, much lower than Brazil, Indonesia, Thailand, Malaysia and Vietnam. China is close to 100%.
Grouped Articles
Indian Prime Minister Prods Coal Monopoly
Wall Street Journal 05/14/2015
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
India becomes more active in the fight against global warming
The Economist 04/21/2017
Lacklustre power demand in Asia throws a cloud over coal
The Economist 04/21/2017
Australia Debates: Does a Warming Planet Really Need More Coal?
The New York Times 10/14/2017
Clean coal, not solar, is the silver bullet for India’s carbon emission reduction
http://www.hindustantimes.com/ 11/02/2017
India's stalling coal production in 2010- 2014
02/11/2010
Increasing reliance on imported coal in the power industry as Indian production fails to increase to meet India's needs.
Grouped Articles
India Seeks Less Help From China For Power Sector
Wall Street Journal 02/11/2010
IDFC Chief Says Power is 'the Next Telecom'
Wall Street Journal 02/21/2010
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
The Poor Need Cheap Fossil Fuels
New York Times 12/03/2013
Privatising Coal India: Powering the tiger
Economist 10/23/2010
India Journal: What Coal India Can Do for the Country
Wall Street Journal 11/01/2010
An unambiguous positive effect on the global economy of the 2014-2015 decline in oil prices
12/08/2014
The positive effect on the U.S. measured in percentage of GDP of savings from oil import bills- 0.5%. For Germany 0.8%, Japan 1.2%, China 0.8%, India 1.8%, South Korea 2.4%. A much needed boost for Japan, India, China, and the eurozone at a critical time of flagging economic growth.
Grouped Articles
Falling Oil Prices Spur New Bets on Global Economic Growth
Wall Street Journal 12/08/2014
As Oil Falls, a Look at the Risks
Wall Street Journal 12/09/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
Oil Jobs Squeezed as Prices Plummet
Wall Street Journal 12/28/2014
Oil Prices Tumble to Fresh Lows
Wall Street Journal 01/06/2015
Wall Street Journal 01/06/2015
India's oil imports from Iran
05/03/2012
Grouped Articles
India Cuts Back on Iran Oil Imports
Wall Street Journal 05/03/2012
U.S. Presses India On Iran Oil Buys
Wall Street Journal 05/09/2012
Iran’s Discount Deal for Global Oil
Wall Street Journal 07/14/2015
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
China Deepens Its Footprint in Iran After Lifting of Sanctions
New York Times 01/24/2016
US oil sanctions on Iran anger Asian powers
The Times 04/22/2019
India's oil and natural gas imports 2010-2015
02/21/2010
Growing imports of oil and natural gas in India in 2012-2013. Disappointing production of oil and natural gas from the Reliance offshore exploration in the Krishna-Godavari Basin. The need for increased exploration and a change in government policy. This comes at a time when India faces severe shortages of energy supplies including coal for electricity and power development.
Grouped Articles
Rupee Recovers From Tuesday's Record Low
Wall Street Journal 06/12/2013
Indian energy: A price worth paying
Economist 07/08/2013
IDFC Chief Says Power is 'the Next Telecom'
Wall Street Journal 02/21/2010
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
Indian Firm to Pay $2.64 Billion To Build Its Stake in African Gas Project
New York Times 08/26/2013
India Starts Nuclear Reactor After Lengthy Delays
Wall Street Journal 10/23/2013
Winners and losers in emerging markets in 2015 with lower oil prices- Turkey and India are winners, China a beneficiary, Russia, Venezuela and Brazil are losers
01/18/2015
The economic prospects of emerging market countries have changed significantly since 2013. In Turkey political problems and a high current account deficit led to a slump in the lira and high interest rate policies by early 2014. In India the Congress party government let the economy drift in 2013 with no action taken. The newly elected Modi adminstration in 2014 and now lower oil prices are giving a major boost to economic growth in India. China with huge oil imports is also a beneficiary as it tackles problems from the boom years and growth slows to below 7%.
Grouped Articles
Turkey’s economy: Saved by the well
Economist 01/18/2015
Monetary policy in India: The cycle turns
Economist 01/18/2015
Oil Prices Slump as Inventories Rise Near 80-Year Highs
Wall Street Journal 02/05/2015
India Growth Rate Set to Rival China
Wall Street Journal 02/10/2015
Turkish Officials Seen Stoking Crisis as Lira Hits Record Low
Wall Street Journal 03/05/2015
A Windfall for China as Commodity Prices Plunge
Wall Street Journal 03/16/2015
India's oil and gas industry
06/17/2011
Grouped Articles
Indian energy: A price worth paying
Economist 07/08/2013
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
Indian Firm to Pay $2.64 Billion To Build Its Stake in African Gas Project
New York Times 08/26/2013
Grinding Energy Shortage Takes Toll on India's Growth
Wall Street Journal 07/02/2012
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
Wall Street Journal 06/17/2011
India's Coal Industry
10/23/2010
Grouped Articles
The Poor Need Cheap Fossil Fuels
New York Times 12/03/2013
Privatising Coal India: Powering the tiger
Economist 10/23/2010
Coal India Sets IPO Price at Top of Range
Wall Street Journal 10/25/2010
India Journal: What Coal India Can Do for the Country
Wall Street Journal 11/01/2010
India Allocated Coal Fields to Private Companies Illegally, Top Court Rules
New York Times 08/25/2014
All Coal-Mining Rights Issued in India Since 1993 Ruled Illegal
Wall Street Journal 08/26/2014
The Modi government and India's plans to double coal production with 300 million people without access to electricity
01/24/2015
Coal is seen as available freeely with India having the fifth largest coal deposits in the world. India is likely to be dependent on coal for 60% of its energy needs in 2030, even with an increase in renewable energy and nuclear power. India cites per capita carbon emissions which are about 1.7 for India, 6.2 for China, and 17.6 for the U.S. With about a fourth of the population without access to electricity and power shortages in other areas, India plans to use coal with plants designed for lower emissions, maintain filtration plants for water, and other antipollution measures.
Grouped Articles
Here’s why Obama won’t get a climate deal with India this trip - The Washington Post
Washington Post 01/24/2015
Indian Prime Minister Prods Coal Monopoly
Wall Street Journal 05/14/2015
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
Japan signs non-military nuclear accord with India | News | DW.COM | 11.11.2016
DW.COM 11/11/2016
India becomes more active in the fight against global warming
The Economist 04/21/2017
Lacklustre power demand in Asia throws a cloud over coal
The Economist 04/21/2017
Why China and India see a "win-win spirit" in the Iran nuclear deal of July 2015- access to lower cost oil supplies for an extended period
08/21/2013
With the need to boost growth in India, and slowing growth in China, the prospect of lower cost Iranian oil imports is a bright spot for both countries.
Linked Articles
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
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