Tag Archives: Crude oil

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 of these discounted imports. Rising Share of Russian Oil Imports …

Fluctuations 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 facing significant challenges as non-OPEC countries increase production, eroding the …