U.S. Intensifies Energy Sales Efforts to India Amid Supply Disruptions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy C?
Source: CNBC
- Energy Security Talks: The U.S. Ambassador to India met with the Indian Minister of Petroleum to discuss energy security and new growth opportunities, indicating a desire to expand energy supplies to India, although specific details were not disclosed.
- Supply Crisis Intensifies: With Middle Eastern conflicts disrupting supplies, India faces a tight LPG and natural gas situation, with daily demand at approximately 80,000 tons but local supply only at 50,000 tons, prompting the government to secure 800,000 tons of import cargoes to bridge the gap.
- Market Dynamics Shift: The U.S. aims to export LPG to India to address excess stockpiles, yet India's price sensitivity regarding LNG may lead it to switch to coal as an alternative energy source, impacting U.S. export potential.
- Long-term Cooperation Outlook: India intends to import over $500 billion worth of energy and other products from the U.S. in the coming years, although experts warn that sustained high energy prices could exacerbate India's current account deficit risks.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 129.340
Low
87.00
Averages
131.00
High
150.00
Current: 129.340
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Supply Crisis Intensifies: With Middle Eastern conflicts disrupting supplies, India faces a tight LPG and natural gas situation, with daily demand at approximately 80,000 tons but local supply only at 50,000 tons, prompting the government to secure 800,000 tons of import cargoes to bridge the gap.
- Market Dynamics Shift: The U.S. aims to export LPG to India to address excess stockpiles, yet India's price sensitivity regarding LNG may lead it to switch to coal as an alternative energy source, impacting U.S. export potential.
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- Energy Price Risks: While the long-term outlook is optimistic, analysts caution that spikes in crude oil prices due to conflict remain a primary risk to the inflation outlook, potentially dampening consumer spending and complicating central banks' policy balance.
- Supply Chain Adjustment Channels: Citi notes that if the Strait of Hormuz remains closed, the global economy will face significant challenges; however, the emergence of new supply sources, a shift towards alternative fuels, and support from macroeconomic policies will help buffer the impact.
- Historical Experience Reference: The report highlights that the world successfully navigated the period from 2011 to 2014 when Brent crude averaged $110 a barrel, indicating that the shock required to push the economy into recession is larger than in the past.
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- Supply Crisis Intensifies: With Middle Eastern conflicts disrupting supplies, India faces a tight LPG and natural gas situation, with daily demand at approximately 80,000 tons but local supply only at 50,000 tons, prompting the government to secure 800,000 tons of import cargoes to bridge the gap.
- Market Dynamics Shift: The U.S. aims to export LPG to India to address excess stockpiles, yet India's price sensitivity regarding LNG may lead it to switch to coal as an alternative energy source, impacting U.S. export potential.
- Long-term Cooperation Outlook: India intends to import over $500 billion worth of energy and other products from the U.S. in the coming years, although experts warn that sustained high energy prices could exacerbate India's current account deficit risks.
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