G7 Price Cap
Russia Remains Top Oil Source For India, Despite Red Sea Woes
National News

Russia Remains Top Oil Source For India, Despite Red Sea Woes

India continued to rely on Russia as its primary source of crude oil in January 2024, according to data from the commerce ministry. Russia accounted for nearly a third of all imported crude oil, with a value of USD 4.47 billion. This represents a 41 per cent increase year-on-year and a 14 per cent rise […]

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Oil Prices Spike On Geopolitical Tensions: Middle East Clashes, Ukraine War Stoke Supply Concerns
National News

India Eyes Increased Russian Oil Imports As Prices Fall

Easing global oil prices would help India boost imports from Russia, a senior government official said on Friday, as a lower than USD 60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships. The Group of Seven large economies known as G7 and some other nations […]

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