By Sanjeev Oak In a significant financial achievement, India’s state-owned oil marketing companies reported a fourfold increase in profits for the recently concluded fiscal year. This impressive growth came despite global fuel price volatility. By sourcing oil at discounted rates from Russia, these companies managed to stabilize domestic fuel prices for over two years, helping to keep inflation in check. …
Read More »
By Sanjeev Oak In a significant move aimed at stabilizing the global oil industry, Russian President Vladimir Putin recently met with Saudi Crown Prince Mohammed bin Salman. The meeting comes amid falling international crude oil prices, highlighting the urgency of addressing challenges within the oil markets. Together, Russia and Saudi Arabia, key players in the OPEC+ coalition that supplies 40% …
Read More »
Russian President Vladimir Putin’s recent visit to North Korea has sent shockwaves through the global community. The meeting between Putin and North Korean leader Kim Jong Un culminated in the signing of a significant agreement, underscoring mutual cooperation between the two nations. This development, hailed as one of the most consequential post-Cold War agreements, has exacerbated tensions for the U.S. …
Read More »
Sanjeev Oak India recently finalized a $13 billion energy deal with Russia, marking a significant development not only for India’s energy security but also for potential defense collaborations. This deal, sealed just ahead of Russian President Vladimir Putin’s scheduled visit to India, signals the beginning of deeper bilateral agreements. Strategic Energy Agreement The energy supply agreement between India and Russia …
Read More »
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 …
Read More »
Bharat News and Analysis Deep Insights
