Large Indian refiners are ramping up their purchases of Russian oil, enticed by highly competitive prices. In contrast, Reliance Industries is treading carefully, opting to hold back amid the current geopolitical uncertainties, Bloomberg reports
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US sanctions on Russian oil are set to disrupt global markets by tightening supply and driving prices upward. Energy experts warn this shift could unleash greater volatility, as countries rush to adjust trade routes and secure alternative energy sources
As fresh sanctions on Russian oil approach, India is gearing up for a bold pivot, preparing to curb its recent buying frenzy. This strategic shift could send ripples through global energy markets amid rising geopolitical tensions
India pushes back against President Trump’s claim that Prime Minister Modi vowed to stop buying Russian oil, as energy partnerships between New Delhi and Moscow flourish, raising new doubts about the future of U.S.-India trade relations
US-sanctioned tankers have been spotted actively engaging in the booming crude oil trade between Russia and India. This intriguing development highlights the intricate web of global energy supply chains as geopolitical dynamics continue to evolve