Latest Updates Around The World
Rosneft’s Russian-flagged oil tanker Akademik Gubkin | Photo credit: YORUK ISIK India has scaled back purchases of Russian crude for December, showing that Western sanctions and trade talks with the US are having a major impact on buying behavior. Five major Indian refiners have not placed orders for Russian oil for the next month, according […]
Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite new US sanctions, as the measures target specific Russian suppliers and not the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier Rosneft, which handles nearly 45 percent of […]
