Nowadays one of the main buzz stories of the crude market has been focusing on Indian oil demand slumping as a consequence of the COVID-19 surge. As painful as India’s travails might be, the past weeks also seem to be giving traction to a new partnership, one that perhaps would aid the country in its quest of decreasing its massive oil imports bill. Considering its geographic remoteness from India, Guyana could be seen as one of the least viable alternatives to supply crude. Below the surface, however, there are many reasons indicating that India’s Guyana deal indeed would come to fruition. India needs new sources of supply, whilst the Guyanese government needs a reliable and long-term partner for its own equity, having so far failed to find a marketer for its crude. India has reached out to Guyana, lured by the opportunity of marketing the crude entitlement of the […]