SCO & BRICS latest news and insights
By Olga Samofalova
India is promising to drastically cut its purchases of Russian oil as the price of Middle Eastern oil has become more attractive. It would be a major blow for Russia to lose such a large buyer, and particularly given the current sanctions. However, analysts are confident that...
By Olga Samofalova
Ukraine has demanded that the US and Europe stop buying oil products by countries that use and process Russian oil like India despite the fact that Ukraine itself continues to earn revenue on the transportation of Russian oil. If the US and the EU listen to Kiev, then this wil...
By Sergey Manukov
Russia supplied India with the lowest volume of oil in 7 months in August, according to Kpler and Refinitiv. This is partly due to the fact, writes Oil Price, that many Indian oil refineries (refineries), the main consumers of Russian Urals oil, have closed for scheduled maintena...
