India’s New Crude Oil Strategy: Middle East on Focus
Recently, the Biden administration forced a few new sanctions on the Russian oil producers Gazprom Neft and Surgutneftegas, along with 180 tankers shipping Russian oil. The Biden administration did this to suppress Moscow’s revenue, which was used to finance the Ukraine war. These new sanctions also disrupted the Russian shadow fleet. After this move from…
Vipin
How Will The Oil Price Surge Impact The Indian Economy?
Russia and Ukraine’s missile exchange caused International crude oil prices to spike 2% on Thursday, November 21. The last time Brent crude prices rose from $1.04 (1.4%) to $73.85. The WTI (West Texas Intermediate) recovered $1.46 (2.1%) to $70.22. This week, WTI gained 4.8%, while Brent Crude went up 1.8%. Crude oil traded 1.49% higher…
ABHYUDAYA MITTAL