By Sanjeev Oak When the Russia-Ukraine war began in February last year, fuel prices in India skyrocketed. However, a strategic decision to import discounted oil from Russia while reducing dependence on traditional Gulf suppliers stabilized domestic fuel prices. Despite global volatility, Indian consumers have yet to see the full benefits
Read MoreFluctuations in oil demand and disagreements over production policies have pushed the OPEC+ alliance to a precarious juncture. Experts warn that if the alliance disintegrates, crude oil prices could plummet to as low as $35 per barrel. Established to maintain coordination among oil-producing nations and regulate output, OPEC+ is now
Read MoreBy Sanjeev Oak While the global economy struggles with a meager growth rate of 2.9%, India has emerged as the fastest-growing major economy, boasting a remarkable growth rate of 6.3%. In a world inching towards recession, India’s growth trajectory stands as a testament to its resilience and potential. Here’s an
Read MoreBy Sanjeev Oak In May, India achieved a historic milestone by importing record-high volumes of discounted crude oil from Russia. Russian oil accounted for an impressive 46% of India’s total oil imports, marking a significant shift in the country’s energy strategy. This influx of affordable oil has helped stabilize domestic
Read MoreBy Sanjeev Oak For the first time since 2011, Fitch Ratings has downgraded the United States’ long-term credit rating from AAA to AA+. This decision has sparked a global debate, drawing sharp criticism from U.S. Treasury Secretary Janet Yellen and skepticism from JP Morgan CEO Jamie Dimon. The downgrade also
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