India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels
That figure is up from less than 2% in January 2022, just before Russia invaded Ukraine and when India at the time primarily relied on the Middle East for its oil.
The discount has encouraged countries that haven't shunned Russia for its war on Ukraine to snap up cheap supplies. With Europe largely out of the picture now, India and China are responsible for roughly 90% of Russia's oil export volumes, per Kpler data. , the International Energy Agency reported in April.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar bonds of India's Adani Ports rise as company starts debt buybackThe U.S. dollar-denominated bonds issued by India's Adani Ports and Special Economic Zone rose on Monday, after the company commenced a cash tender offer for a buyback of securities.
Read more »
India's Adani Ports starts $130 mln buyback of debt securitiesIndia's Adani Ports and Special Economic Zone , a group company of the beleaguered Adani Group, said on Monday that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024.
Read more »
India's Tata Steel begins hydrogen gas injection trial in blast furnaceIndian steel maker Tata Steel Ltd on Monday said it initiated trial for injecting hydrogen gas at its blast furnace in the company's flagship plant, in a move to reduce metallurgical coke usage and cut carbon emissions.
Read more »
Sikh separatist leader Amritpal Singh arrested in India after long huntAmritpal Singh, who has revived calls for the state of Punjab to secede, had been on the run since last month after capturing national attention in February.
Read more »
Another cheetah has died after relocation to India, the second in less than a month | CNNA cheetah from Africa has died two months after being reintroduced to India as part of an intercontinental effort to revive the big cat in the country, the second animal from the program to have passed away in less than a month.
Read more »
India Approves Construction of Its Own LIGO Gravitational-Wave DetectorIndia has approved the construction of LIGO-India, a gravitational-wave observatory that will join a global network, enhancing the ability to pinpoint sources of gravitational waves and answer fundamental questions about the universe. The Indian government has granted the final approvals necessary
Read more »