Day: December 17, 2022

Russia remains India’s top oil supplier for the month of november too.

Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment avenues, data obtained from trade sources showed.

India’s oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.

The Group of Seven nations, Australia, and the 27 European Union countries have imposed a price cap of $60 a barrel on Russian seaborne oil from Dec. 5 as the West tries to limit Moscow’s ability to finance its war in Ukraine.

India, which rarely used to buy Russian oil because of costly logistics, has emerged as Russia’s second biggest oil client after China as refiners snap up discounted crude shunned by Western nations since the February invasion of Ukraine.

Higher purchases of Russian oil dragged down Indian imports from the Middle East and member nations of Organization of Petroleum Exporting Countries (OPEC) declined to the lowest ever in November, the data showed.

Russia remains India's top oil supplier for the month of november too.

Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment avenues, data obtained from trade sources showed.

India’s oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.

The Group of Seven nations, Australia, and the 27 European Union countries have imposed a price cap of $60 a barrel on Russian seaborne oil from Dec. 5 as the West tries to limit Moscow’s ability to finance its war in Ukraine.

India, which rarely used to buy Russian oil because of costly logistics, has emerged as Russia’s second biggest oil client after China as refiners snap up discounted crude shunned by Western nations since the February invasion of Ukraine.

Higher purchases of Russian oil dragged down Indian imports from the Middle East and member nations of Organization of Petroleum Exporting Countries (OPEC) declined to the lowest ever in November, the data showed.

Ukraine President’s request to FIFA ahead of the final match.

World Cup organizers have rejected a request from Ukrainian President Volodymyr Zelensky to deliver a message ahead of the tournament’s final. Zelensky had asked to share a plea for world peace ahead of Sunday’s World Cup final but was turned down by FIFA, soccer’s governing body, CNN reported.

FIFA has gone to significant lengths to try and remove elements of politics from the 2022 World Cup, despite the very tournament being a political issue itself due to the nature of where it is being held.

Addressing to the situation, the FIFA authority quoted  “We are defending values, we are defending human rights and rights of everyone at the World Cup. Those fans and the billions watching on TV, they have their own problems. They just want to watch 90 or 120 minutes without having to think about anything, but just enjoying a little moment of pleasure and joy. We have to give them a moment when they can forget about their problems and enjoy football.”

Ukraine President's request to FIFA ahead of the final match.

World Cup organizers have rejected a request from Ukrainian President Volodymyr Zelensky to deliver a message ahead of the tournament’s final. Zelensky had asked to share a plea for world peace ahead of Sunday’s World Cup final but was turned down by FIFA, soccer’s governing body, CNN reported.

FIFA has gone to significant lengths to try and remove elements of politics from the 2022 World Cup, despite the very tournament being a political issue itself due to the nature of where it is being held.

Addressing to the situation, the FIFA authority quoted  “We are defending values, we are defending human rights and rights of everyone at the World Cup. Those fans and the billions watching on TV, they have their own problems. They just want to watch 90 or 120 minutes without having to think about anything, but just enjoying a little moment of pleasure and joy. We have to give them a moment when they can forget about their problems and enjoy football.”