Russia oil

Trump’s new Ukraine plan: Major implications for global markets; Europe bristles, good news likely for India

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Trump’s new Ukraine plan: Major implications for global markets; Europe bristles, good news likely for India

Washington: The Trump administration has circulated a series of one-page confidential documents to European governments outlining a sweeping US peace blueprint to end the Russia-Ukraine war — an initiative that is generating deep trans-Atlantic tensions and could reshape global energy and financial markets, while coming as a relief to India. The American proposals, described by … Read more

Russian oil shaves India’s import costs by about $2.7 bln

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Russian oil shaves India’s import costs by about .7 bln

NEW DELHI: India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data, helping it support economic growth and easing pressure on its trade deficit. Crude oil accounts for about a third of India’s overall imports by value. The world’s third-biggest … Read more

Russia oil discount to India shrinks to $4, delivery charges remain opaque

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Russia oil discount to India shrinks to , delivery charges remain opaque

The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain ‘opaque’ and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the $60 per barrel price cap imposed by the West … Read more