Posted 1/3/2024, 2:42:59 PM
India Seeks Best Oil Deals as Competition Heats Up for Russian Crude
- There is no problem making payments for Russian oil imports to India, it's just about getting the best price
- India buys 1.5 million barrels per day of Russian oil on average
- India's leadership wants consumers to get affordable and reliable energy
- New oil producers are offering India better discounts than Russia
- Some recent Russian oil shipments to India were diverted likely due to payment issues related to western price caps