Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition

Iran fired missiles at Pakistan's Balochistan province on Tuesday night, just hours after Pakistan's caretaker Prime Minister met the Iranian Foreign Minister in Davos. Pakistan's Anwaar ul Haq Kakar met Iran's Hossein Amir-Abdollahian.

Chinese Premier Li Qiang said on Tuesday in Davos the Chinese economy was open for business and highlighted its potential for foreign investment as its vast population becomes rapidly more urban and its middle class is forecast to grow.