Saturday, October 29, 2022

From Russia to Canada: How India is snapping up cheap crude oil, cutting dependence on Middle East

India has emerged as Russia's second biggest oil buyer after China, taking advantage of discounted prices as some Western entities shun purchases over Moscow's invasion of Ukraine. As a result, it is estimated to have gained Rs 35,000 crore till September by importing Russian crude at discounts since the war began in February.

from Energy-Industry-Economic Times https://ift.tt/1ONY58o

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