Russian Oil

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. That means the Kremlin is…

Finance Minister Nirmala Sitharaman has said the government is making “enough efforts to make sure the economy remains buoyant”. External factors, including the OPEC+ output cut and “the spillover of all the decisions” related to…

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Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a decades-long trend whereby the continent has paid more for energy than Europe, according to traders, analysts and Refinitiv Eikon…

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Some Indian refiners are looking to import diesel and other refined products from Russia for local consumption to free the locally produced products for exports to the West, a report by the Economic Times (ET) said. The…

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Representational image of a Russian oil tanker | Photo Credit: Reuters The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war…