New York/Washington, March 6 The US said on Friday that it is "allowing our friends in India" to take the Russian oil already on ships around southern Asia, refine it, and move the stocks into the market quickly to ensure a steady supply and ease pressure amid the West Asia conflict.Earlier...
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Moscow, March 4 The ongoing war in West Asia may increase India's demand for Russian crude oil, potentially reaching levels of 1.5 million barrels per day, peaking in 2024-2025, according to a leading expert on global oil trade.On Tuesday, Deputy Prime Minister Alexander Novak told state TV...
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New Delhi, March 2 Crude oil prices rose by Rs 504 on Monday, hitting a record high of Rs 6,596 per barrel in futures trading, amid escalating tensions in the Middle East.On the Multi Commodity Exchange, crude oil for April delivery rose by Rs 504, or 8.27%, to Rs 6,596 per barrel in 10,530...
Global oil prices remained near seven-month highs yesterday, supported by rising geopolitical tensions between the United States and Iran, despite growing American crude inventories indicating concerns about oversupply. Brent crude futures were trading around $71 per barrel in London, up about...
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New Delhi, February 22 – India's crude import strategy is entering a phase of calibrated rebalancing rather than a sudden realignment, with Middle Eastern suppliers, led by Saudi Arabia, regaining market share, according to shipping data and analysts. This is happening even though Russian...
Moscow, February 18 Russia's Foreign Ministry said on Wednesday that it has "no reason" to believe that India has changed its position on buying Russian oil, which it said is beneficial for both countries and maintains stability in the global hydrocarbons market.The remarks came in the...
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Global crude oil prices saw a slight decrease today. Brent crude was trading at approximately 0.12% lower, at $66 and 68 cents per barrel. West Texas Intermediate (WTI) crude was also trading almost unchanged, at $62 and 80 cents per barrel, according to the latest reports.