New Delhi, Sept. 11 -- Energy prices may be less important than logistics, storage and long-term planning as West Asia tensions reshape global energy markets, Ahmed Bin Sulayem, Executive Chairman and CEO of Dubai Multi Commodities Centre (DMCC), said on Friday, highlighting scope for India and the UAE to strengthen energy and supply-chain resilience.

Speaking on the sidelines of the BRICS Business Forum in New Delhi, Bin Sulayem said countries such as India and BRICS members need to look beyond short-term movements in oil prices and focus on their ability to store resources and plan ahead.

"So it's more about who can store, who can plan ahead, and nations like India and BRICS; they do plan five or ten years ahead of time. So a lot of t...