NEW DELHI, March 19 India’s oil imports from the United States will rise by 11 per cent this year, officials said today, as the severely energy-deficient country looks to secure supplies from producers around the world, including heavily sanctioned Russia. The surge in oil prices following.
Russia, the world’s second-largest crude oil exporter behind Saudi Arabia, could potentially sell oil elsewhere, perhaps in China or India. Still, it would probably have to sell it at a steep discount, because fewer and fewer buyers are accepting Russian oil.
MOSCOW, March 8 Russian Deputy Prime Minister Alexander Novak warned yesterday that a ban on Russian oil imports would have “catastrophic” consequences, as Western allies consider further sanctions on Moscow over Ukraine. “A ban on Russian oil will lead to catastrophic consequences for.
This came a day after Russia warned that crude oil prices could increase to as much as $300 a barrel if western countries continued with its sanctions.
TOKYO, March 7 Japan, which counts Russia as its fifth-biggest supplier of crude oil, is in discussion with the United States and European countries about possibly banning Russian oil imports, Kyodo News reported today. The report comes after US Secretary of State Antony Blinken said yesterday.