2021

History
Through the trade sanction imposed on China by the United States, India became one of the participating nations of the sanction despite its close proximity to China. Sanction terms stated that India retains the rights to develop and stockpile nuclear weaponry for growing surrounding threat, but that its oil purchases remain devoid of Chinese influence. By March 2021, American oil supplying firms obtained an almost exclusive monopoly on the Indian market.

By 20 April 2021, the global crude oil prices listed on the Chicago Board of Trade (later PAGP Market Exchange), decreased from $120 per barrel to $43 per barrel within three months. The global oil glut is an engineered attempt to outcompete American oil suppliers by Amari Corp by oversupplying crude oil from the newfound oil deposit.

The oil giant Amari Corporation also undergone certain large changes. Sal Amari is named as the new CEO of the company on 13 January 2021 after Gilbert Chong, the former CEO of Amari corp was accused of 2015 stock market manipulation schemes. As well, CEO Amari led lobbying attempts in the Chinese Economic Cooperation Fund to defund alternative energy research to bolster its oil exports, using the global oil glut as a reason. The Chinese government backed the decision, believing that increased oil exports directly benefits the nation.