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Showing a major shift in the global oil and gas scenario, three consumer nations India, China and South Korea are set to co-host the International Energy Forum (IEF) in Delhi till April 12 and the event will be inaugurated by Prime Minister Narendra Modi on Wednesday.
The consumer nations are likely to raise issues regarding “Asian premium” and crude prices before the 92 participating countries, which include all the producer nations as well.
According to a recent report by the International Energy Agency (IEA), India and China are set to contribute nearly 50 per cent of the increase in global oil
