The Alexander Zhagrin oilfield operated by Gazprom Neft in Khanty-Mansi Autonomous Area–Yugra, Russia/ Photo: Press service of Gazprom Neft/Handout via Reuters
The Alexander Zhagrin oilfield operated by Gazprom Neft in Khanty-Mansi Autonomous Area–Yugra, Russia/ Photo: Press service of Gazprom Neft/Handout via Reuters
India

Ukraine war: India is major player in Russian oil market once dominated by China, and now shunned by Europe and US

  • India has been taking more Russian crude this year, but the US is pressing New Delhi to cap the price of the country’s oil to deny revenues to Moscow
  • Russian shipments going to India are cheaper than crude from Saudi Arabia and Abu Dhabi, and are likely to displace Middle Eastern deliveries

The Alexander Zhagrin oilfield operated by Gazprom Neft in Khanty-Mansi Autonomous Area–Yugra, Russia/ Photo: Press service of Gazprom Neft/Handout via Reuters
The Alexander Zhagrin oilfield operated by Gazprom Neft in Khanty-Mansi Autonomous Area–Yugra, Russia/ Photo: Press service of Gazprom Neft/Handout via Reuters
READ FULL ARTICLE