Russia is reportedly offering India a $35 discount per barrel on the pre-war price of flagship Urals grade oil. Cheap energy imports can help Prime Minister Narendra Modi put a lid on rising domestic discontent with high pump prices. India needs to go on buying and selling with Russia for causes which can be extra […]
Putin says it’s impossible for some EU countries to ditch Russian oil now – EQ Mag Pro
Russian President Vladimir Putin said on Tuesday that it was impossible for some European countries to quickly ditch Russian oil, as the European Union is proposing. EU members are negotiating a proposed oil embargo on Russia over Ukraine, but talks failed this week because of a veto from Hungary, which is heavily dependent on Russian […]
ONGC fails to get bids in its tender to sell Russian oil – EQ Mag Pro
Initially 11 parties including oil majors had shown interest in buying sokol oil but later “sent a regret”. India’s ONGC Videsh failed to get bids in its tender to sell 7,00,000 barrels of Russian Sokol crude in a growing backlash against Moscow for its invasion of Ukraine, sources familiar with the matter said. This was […]
