NEW DELHI: India’s decision to purchase Russian oil during global market instability helped avert potential global price surges, according to Union petroleum and natural gas minister Hardeep Singh Puri.In a conversation with CNN’s Becky Anderson at ADIPEC in Abu Dhabi on Thursday, Puri said that global oil prices could have reached 200 dollars had India…
LONDON: In the eastern Chinese port of Dongying, the start of 2024 has often seen several tankers docked simultaneously discharging Russian crude oil into a new 31.5 million barrel storage facility completed late last year. It is, traders say, all part of a concerted and deliberate Chinese effort to build up strategic stockpiles for a…
China pips India in buying Russian oil! India is no longer the top buyer of seaborne Russian oil. The country has been forced to reject some cargoes of sea-borne Russian oil because of sanctions. China is now lapping oil from Russia at deeply discounted rates. In March, China outpaced India in importing Russian crude by…
